Wachovia & SB interview process (help)
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I just spent two hours reading most of the posts about newbies and
getting hired at different firms. However, I need some help on my
specific situation.
So any knowledgeable answer will help please. I’m 23 and just graduated
with a non-finance degree from a good university, no previous sales
experience but have a big (parents) name in a growing community.
I recently met with the Smith Barney Branch Manager. After speaking with
her for about 30 min about my resume and how the hiring process went
she setup a date to take the training assessment exam. I took it on
Friday and thought it was much more difficult then everyone else
described on this forum. If I failed it but impressed her with my hard
working skills, drive and determination to succeed in the business, do I
have any chance of getting hired?
Next, I have another interview/ assessment exam with Wachovia
Securities tomorrow. Has anyone taken the Wachovia exam? Can I use a
calculator? Is it timed like SB? This will be my third time visiting
Wachovia. First was to meet the BM, second was a follow up to ask me
about some books the BM wanted me to read to make sure I was ready to
go on from there and also to fill out an application. What should I expect
from him? Good, Bad, do I have a chance? Or should I start with an
easier firm to get started? I know I have what it takes to succeed in the
business, I just need someone to give me a chance.
[quote]
If I failed it but impressed her with my hard
working skills, drive and determination to succeed in the business, do I have any chance of getting hired?
[/quote]
If you fail a test, chances are, they will not hire you. This is their preliminary screen to see if you have the ability to pass the 7. What do you have, other than words, that will show her you have the "drive and determination to succeed in the business"?
[quote]
second was a follow up to ask me
about some books the BM wanted me to read to make sure I was ready to
go on from there
[/quote]
What books did he want you to read?
[quote]
Or should I start with an
easier firm to get started? I know I have what it takes to succeed in the
business, I just need someone to give me a chance.
[/quote]
What do you mean by "easier" firm?
Ya, that’s what I figured. I think I might just be looking into it too much. I
probably did fine on the exam. The BM told me to read The Millionaire Next
Door and The New Financial Advisor, which he had for me behind his desk. I
read them both in one week and returned them to him. Both were very good
books. If any of you haven’t read them, I would suggest both.
What I meant by easier, was a firm that is more willing to give me a chance
being that I am young and not very experienced.
How did you do at Wachovia? Do they have a training program?
Keep us posted and best of luck!
Well, I took the exam at Wachovia. I was informed by someone that I
could use a calculator but this was not the case said the Branch Manager.
I could only use a pen and paper for the assessment test. After finishing
the exam, I knew I didn’t do very well. The BM asked me back in his
office and he said he wanted to know my score. So he made a phone call
and found out that I failed it. I wasn’t surprised. However, he said he
would make another phone call to see if I can take it again or what else I
need to do from there.
Does anyone know if I can take the exam again? From what he said it
sounds like he still wants to higher me but wants to make sure I can pass
the series 7 first. He is supposed to call me in the next day or two.
Does anyone know more about the training program at Wachovia? I also
have an interview next week at UBS. Any advice?
Advice? Use your phone for the test , thats what I did for the test. The
questions with regards to finance you just need to know, if you don’t I
suggest you read the Journal every day and Barrons on the weekends. I know
that sounds stupid, but when i first got into the business I didnt have a clue
about finance either. You would be surprised how much you can learn from
reading the journal and barrons. It helps too while your studying for the 7
because everything you are studying, you can actually apply to what you
read in those two publications. Best of luck to you on your interviews.
This helps you zero, but the fact that some of these Series 7 "qualifying" exams don't allow calculators is a joke. If calcs are provided for the Series 7 exam, they should be allowed for these dumb tests as well. FWIW: SB and MS didn't require them.
Why do you want to do something that you don’t have the competence for? Have you considered government work? They love dumb people.
I agree with cranky. MOVE ON. Those are pretty basic tests.
You would probably puke after you read one chapter of the Series 7 books.
Don't waste your time or his. Honestly, read one chapter (that should take you 3 days by the way) and then give us some feedback.
Senior Member
Joined: Feb. 24 2005
Location: United States
Posts: 516 Posted: July 20 2006 at 11:41am | IP Logged
I agree with cranky. MOVE ON. Those are pretty basic tests.
You would probably puke after you read one chapter of the Series 7 books.
Don't waste your time or his. Honestly, read one chapter (that should take you 3 days by the way) and then give us some feedback.
This lady is high on her career at Ray Jay…… Don’t listen to her.
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If you really want to be in this business prove yourself to these branch mgrs. You persistence will take you much farther than any entrance exam will..
If these firms tell you no, and I am guessing they will, don’t get discouraged. You have to be very bold and ask them outright, “where do you recommend I start”.
Stay in touch with these branch managers and keep asking them for a job- call them at least once a month and try to run in to them in a social setting. Meanwhile, get your licenses its not hard to find sponsorship. If you don’t want to go take the 7, get the series 3. Use STC prep materials. Dearborn B*L*S!
If you have the series 3 you will not have to take an entrance exam the next time. PM me if you ever have any questions.
Lastly, there are two individuals on this forum that are excellent resources for rookies. I suggest you pm them. They are always willing to answer serious questions.
Shmer33