Worried you don’t have the math skills to work on Wall Street? Don’t be–the math isn’t hard, but understanding what math to use when is crucial. Consider the simple account calculations that the Series 7 tests on, for example.
While debt and real estate are very important components of capital markets and corporate finance, the Series 7 exam and FINRA themselves spend a lot of time on equities. To pass the Series 7, you need to both be familiar with equity and the rules behind equity trading. This week Zolio digs into the basics of equities as FINRA and the Series 7 exam see it.
A lot of money is on the table for bankers and investors who can help companies go to market, but what does that mean? How does the IPO market work? The mechanics aren’t that complicated, but there are a lot of details one needs to know before one can begin to work on Wall Street.
We’ve talked about the SIE over the last few weeks, and now it’s time to talk about the Series 7, a much bigger and harder test that all financial professionals will need to pass if they want to provide financial services to clients. It isn’t an easy test, but it isn’t impossibly hard either–you just need to know where to focus your energy. And where is that? Read Zolio’s latest for the details.
Like in life, partnerships in business depend on clear communication and knowing the boundaries of what is and is not acceptable behavior. Fortunately, those rules have a century of history in the U.S., which is why all financial professionals are expected to know about GPs, LPs, and DPPs.
To dig further into the SIE/Series 7 tests, we discuss many of the major topics in debt markets that, unlike the more familiar stock market, are much more complex and have more far-reaching implications for companies and investors. That’s probably why FINRA likes to test on these topics quite heavily.