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Buddy, if you’re thinking the 7 will allow you to give advice, you’re not paying attention lol
Depends on the firm tbh
It’s not a hazing ritual but it is designed to gatekeep. If you can’t put in the effort to pass a test everyone else in the industry has passed how can your employer trust that you will put in the effort to do proper discovery and make appropriate recommendations. If you can’t put in the effort to understand the basic industry rules and regulations how can the SEC and Finra trust that you won’t throw those regulations in the trash as soon as you start managing assets for customers. If the series 7 is too much for you finance isn’t the right career path. Licensing is a part of working in this sector, I’d be pretty upset if the person flipping burgers at McDonald’s refused to take a food safety course because they felt it would be below them, imagine the same scenario but with the person being trusted with your entire net worth.