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You spend your first few months studying to pass the 7 and 66. If you don’t pass the 7 at first, they’ll determine if you get another chance or are let go
Or if you don’t pass, you’re also given the chance to apply for a role in another group. My business unit sources a lot of folks who haven’t passed their series exams since we have career paths that don’t require them.
I say go for it. The team puts a ton of structure and guidance to support you getting your licenses. It’s like a 80+% pass rate. If you follow along, ask for help when you need it, you’re most likely to pass. And If you miss it the first time, they do allow a second time if it’s close to passing. Esp if this aligns with your career goals, going through this program with a team is really helpful.
Okay, I guess I’m just caught up with the possibility of losing my job lol but it definitely is worth the risk since it does align with my career goals.
If you can’t pass them with fidelity, who probably had the best study program out there, your chances of passing anywhere else are worse.
Go for it, hard to find a more stable company to work with
So I’m curious, do you think it’s worth the try? I’m already far in the interview process but I can’t risk being unemployed again.
I already received a job offer from another company that offers more stability. This opportunity just seems risky and I can’t afford that right now 😭
However it does align with my career goals while the company I got an offer for does not. So that’s why I’m struggling with this decision.
The series 7 isn’t just something you take a stab at. You have to be totally committed to studying and have a serious mindset. The only risk at that point is you.
I would say that if you want a career in finance, you are going to need your 7. And there is no better place (and really stable) then Fidelity to not only get your licensing, but to grow
I think it’s totally worth it. I started at Fidelity with no experience in finance and passed all test the first time.
Many people I started with didn’t though. They all got second, sometimes third chances to pass the exams and stay on the path they wanted.
Some realized early on that it wasn’t what they wanted so they were able to go to a different BU which I think is amazing.
Make sure your credit report is solid; Fidelity requires a credit check for all roles as part of their background process.
As someone who has been through the licensing process, it’s definitely worth it, and they put a lot of effort into making sure you pass! In the event you don’t, they’ll likely offer you a role in an unlicensed position! Happy to give tips/help if needed!
Thank you!!
If you put in the time, the exams are not that difficult.