Will getting a SIE certification help getting a job?
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I’m in Denver pulling $95k base, and I’m starting to think I made a massive mistake by choosing work-life balance over a front-office grind. I love leaving the office by 6:00 PM, but seeing the first-year IB guys pulling down six-figure bonuses is demoralizing. Is the only way to break the $150k barrier before turning 30 to move into a revenue-generating role?
Leadership question: When a supervisor asks for your honest opinion about a coworker, how candid should you be? Do you give your unfiltered assessment if you believe the person is underperforming or relying too heavily on others, or do you focus only on objective facts and let management draw its own conclusions? Curious how others have handled this situation.
Barely but it opens doors at the entry level. I have my SIE, S7, and S63.
If you have sie and the 7, 66 then you can do a lot of the entry level brokerage/trading/sales job and work your way up from there.
Hey! If you are looking to get into finance, don’t mind phone work and love customer service, check out Fidelity. I got my SIE, 63 and 7 through them and they paid for us to get it. You may have to stay a bit but it’s a good gig and you can learn a lot and then move on! Depends on what you are looking for too.. it’s hard but several on my team went on to get CFP
It also proves you can study and pass securities licensing test. Agreed that it opens up doors at the entry level though.
I’ve heard you need a sponsor for anything beyond the SIE. I’m not an expert on the subject so maybe others can opine on how to accomplish that as part of prospective employment.
Consultant 1 New York Life 1 is not the brightest person that is for sure and is a hater.
I have my undergraduate in Accounting and hated my Tax job at KPMG. I've been looking to get into an entry level job building financial models, conducting research on companies, and pretty much analyzing financial statements. It seems like finding a job is just impossible and I've been looking for ways to get my resume more attention so I can get a damn job somewhere. Hence, why I asked if getting the SIE would be helpful getting recruiters to at least reach out to me.
Fintech would suit you.
You do not need a sponsor for the Series 66 exam (Series 63 and Series 65 combined). But you need a sponsor for other series exams like the series 7 exam. The series 7 exam will be the hardest series exam you will take. The SIE let's employers know you understand the essentials when it comes to securities. Also just take the series 66 exam instead of taking the series 63 and series 65 separately. I do not know why people do this? It does not make any sense to me.
Okay
Yes
Branch Manager 1 passing the SIE shows you understand the essentials of the securities industry. However, it will not prepare you for other series exams especially the series 7 when it comes to passing or studying. The series 7 prep and exam is very complex and very detailed. It is one of the hardest series exam an individual will take.
Series 7 is not relevant to talk about. But Citi isn't exactly correct. When I took my Series 7 a month ago, the exam had tons of option questions (at least upward of 10+). It also sounds like he possibly took the exam over a decade ago. Also a lot of the details he mentioned is practically irrelevant to your situation OP.
No
No
Yes, it shows that you have the ability to study and pass the exams, and comprehend the topics for the industry. You can’t necessarily do anything with it, but it definitely makes you more hirable.
Citi 1 The series licenses maybe all yours when you pass them. However the FINRA sponsored company can submit different FINRA registration forms that can prevent you from getting another position. Recently a partner at Goldman Sachs and some of his team members were terminated for not complying with certain policies and they reported him to FINRA (Form U6, U5, BD ) and he is no longer registered anymore when it comes to all his series licenses and cannot be sponsored anymore.
Tax Associate I just want to let you know that New York Life 1 is a hater and not very knowledgeable either. So try not to take his advice. He said Citigroup was never Citibank. Which it was Citibank before it became a primary subsidiary of the parent company Citigroup. Which tells you a lot about him. He made it obvious that he wishes he had my impressive professional and academic background by making negative assumptions about me. Which will never happen.
thank you all for your input on this. I'm seeing a mix of yes and no to my question. Please keep the responses coming as I'm learning a lot from everyone's opinion.