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The following Firms are among the most respected in their category. They may be looking for someone just like you!
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Check back often to see what new information may be posted. |
| Q: Can I post my Profile/resume even if I am not a citizen of the US and would need sponsorship?
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| A: Yes, you may!
We suggest that in addition to answering the questions regarding "U.S citizenship" and "Legal to work in the US" with a NO response, that you explain your situation and requirements in your resume or a cover letter to your resume. This should be "copied and pasted" into your Profile on BrokerHunter. Many firms will consider sponsorship, so give it a whirl and good luck! |
| Q: I am new to the securities industry. Does this site cater to new entrants into the field?
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| A: Yes,we do cater to new people to the industry.
There are many different ways to “break into the business”. We have postings for two good, but different, entry level jobs. The first one is Broker Trainee and is for the sales-oriented only. Many of the larger firms – both National and Regional offer great training programs and sponsor you for the Series 7 exam. A second way is to check out the “non-registered Sales Assistant” postings. Many of the firms that are hiring in this area, will sponsor you for the Series 7 and can help you gain valuable experience for your next step up. Non-registered candidates can feel free to post their Profile and resumes on BrokerHunter and apply for these or any other job, for which they are qualified. |
| Q: I'm interested in relocating to the Phoenix AZ area and change firms in the process. I currently hold my series 63, 7 and 8 licenses and have been in the securities business for about 2 1/2 years. I have a book of about 13 million and last year's production was just over 150k. Will I be able to find a firm down there that would pay me a signing bonus or a salary while I get my feet back under me if I make the move or is it more likely that I will have to start back at square one?
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| A: We doubt that you will have to start at “Square One”.
You have a good start on building a great business, your assets are good for the length of time you have been in the business and your production is “in line” with the assets number. In other words, your ROA is just over 1%, which means that you are not over trading or being too active with your clients. That is a good thing. I think that you will be able to find someone who would be able to help you while you make the transition. Perhaps as a signing bonus, but because of your relatively short time in the business, more likely a draw or salary for awhile. Here is what to do: 1. Register on our site. 2. Respond immediately to any firms that interest you, under the “Firms Interested” menu option. 3. Do a “Quick Search for Jobs” and proactively apply to positions that appeal to you. Good luck and let us know how it goes! |
| Q: I am a Series 7 & 63 licensed broker. I have been a broker for three years. I started from scratch two years ago in my current market. My Assets under management is about $9.5 million and last 12 months gross revenue is about $110k. Last years business expenses was about $14k. I am questioning my effectiveness as a salesman. Do you think I am just being too short sighted or should I pursue other areas? If so, what other areas are there in the investment industry that I can apply my experience and licenses toward and make a good living? |
| A: Securities sales is a tough business and the only real good long-term measure of your success will turn out to be asset-gathering over time, not gross production today. The best way to be truly successful in this biz over the long haul is to treat your clients right, don’t overtrade their account and gather assets like crazy. On the surface, $9.5 million in two years is pretty good performance, so the first piece of advice is “don’t get down on yourself”. If you still have the desire to go get the money, then keep going; there aren’t too many situations quite as sweet as a broker with $100 million plus in assets turning 1%. Clients are usually happy and the broker is grossing a million and taking home $20k+ per month after tax. Is this worth pursuing to you? If so keep slugging away! |
| Q: I have been a Supermarket Executive for
18 years.
I would like to become a research analyst or some kind of assistant trader in a small firm as a career change. I have a BS in Marketing and an MBA in Finance. I also have a series 6 , 7 and NJ Insurance license. Where can I find an opportunity? |
| A:
First and foremost, you need to make sure that your Profile is accurate and that you cut and paste your Resume into the proper spot in the Profile section. The reason for this is that you are going to need to sell yourself to a firm willing to give you a chance in these areas. Non-sales types of securities industry jobs are harder to obtain, because there is a lot of competition for them. Why? Because, most of them pay a salary and there is no cold-calling :-).
Secondly, Login to Your Account and proactively use the “Quick Search for Jobs” function to search for jobs that would be of interest to you AND apply for these jobs by clicking the “I’m Interested” button at the bottom of the SmartAd. This will send your ENTIRE Profile, including your name, phone number, email address, etc. to that Firm posting the SmartAd. They will contact you, if they are interested. Remember this, the way the BrokerHunter site works is: firms don’t know who you are or how to contact you until you actively decide to release this information. This applies to the “Quick Search for Jobs” just described and also to applying to jobs under the “Firms Interested” function, as well. We would say that your best shot is going to be with a smaller to mid-sized firm, where you need to be willing to get started in almost any area acceptable to you and to gain two things: 1. Sponsorship for additional registrations such as the Series 55 for traders. 2. Exposure to the research or trading areas, with they idea that someone will notice your hard-work and dedication to your job, and give you a chance to move up. |
| Q: I would like to obtain my Series 7 license before posting my resume. Could you advise if there are any schools in the Tampa area? |
| A: First off, you must have a broker/dealer sponsor you to sit for the Series 7 exam. So what you really need to do is to post your Profile/resume for an entry-level position, such as broker trainee or non-registered sales assistant. You will be looking for a firm who is willing to sponsor you for the exam - most firms will do this if you are an employee. (We don’t know of any firms, who will sponsor you if you are not an employee. The reason is they have expenses and liability for you and your actions, while they are holding your registrations.)
Most people that I know of (most of the big wire houses and regionals use this method) used a self-study course to prepare for the exam. If you are serious about wanting to get into the business and want to get a jump on your competition for a good entry-level job, you could spend time studying on your own. This will show that you possess the dedication to gain the knowledge and will put you on track to get registered quicker. We have included some links below to the self-study course books that we used ourselves and recommend to others – the Series 7 PassTrak books. You should buy both the Study Guide and the Questions and Answers book; these will cost around $90 for both. Now for some unsolicited advice on how to study for the exam: We doubt that you could sit in a classroom for a year or read enough pages in your lifetime; to pass the exam, unless you study the Questions that are presented in the Q & A book. The Questions are very specific and if you are hearing them for the first time on the Exam, it would be very hard to derive the right answer from just reading the material or hearing it in a lecture. Bottom line: read the material, but drill the answers to the Q & A into your brain through repetition.
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| Q: I carry my Series 63 and Series 7 and have been registered since Sep, '99. I was recently Statutorily Disqualified, and forced to resign from a leading brokerage firm for getting a felony DUI. I am nearly complete with my court-mandated requirements, etc. Are there any large firms that are willing to employ a hot-shot trader with extensive market knowledge and options strategy know-how and a spotless industry record who has an SD on his license?
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| A: It happens!
There are many firms who will give you a chance. In fact, I would do 3 things. 1. Make sure you disclose it in your Profile and explain it. Nothing works better than prehandling a potential objection. 2. Make sure you have a course of action that you can outline to the firm, as to why this won't happen again to you. 3. Proceed with applying to any and all positions that you see that you are qualified for and that appeal to you. Move on like nothing has ever happened to shake your confidence in yourself. Good Luck! |
| Q: I am looking to relocate to the Denver CO area. I have fifteen years experience in the US Treasury inter-dealer market and I'm looking to find some type of position in institutional sales or wholesaling. Do I have a chance and if so where do I start looking?
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| A: Where you start looking is here at BrokerHunter! But, of course, you knew we would say that.
You can start by clicking on the Search Jobs tab on the blue (Candidate) side of the site. This will let you select as many job types as you like (Registered Broker - Institutional and Wholesaler - both External and Internal, in your case). You may also pick any or all geographical areas that are of interest to you. You don't even have to register on our site to perform this function. You can test the job market in Denver or any location very easily on our site. If you see something you like, then go ahead and register to set up your Profile. This should take 10 minutes or so and will automatically match you up with jobs, for which, you qualify. Good luck and, YES, we think your chances are good! |
| Q: I have been looking for 4-5 months and haven't had alot of success.I have a Bachelor's degree with a 4.0 in my major which was accounting. I was looking to get a equity trading,research, or portfolio assistant position. Then be sponsored to get my licenses,such as the 7,63,6,and 55,so I can be more marketable if a better opportunity comes along. Any tips on what to do? |
| A: It is hard to start with a firm in trading, research or portfolio management, as you have found out! The market isn’t helping much either; because of downsizing, layoffs and hiring freezes there are quite a few very qualified people looking for these kind of jobs.
If you have a passion to be in this industry, then start as a Sales Assistant or Broker Trainee and get your licenses and some valuable experience. With a lot of hard work, this kind of background can take you anywhere you want to go. |
| Q: I am in the military right now. I have the ability to go to college with 75% of my tuition paid for by the goverment. Obviously this is a great opportunity to earn a degree for a future career. However, I am not quite sure where to begin. I want to work around securities and the market in general but I do not want to be a "telemarketer" of the stock market. What type of degree should I work for that would help me get into the door of Wall Street? (I don't mind starting out in sales, I just don't want to waste the best of my "go-get-em" years on the phone.) |
| A: This is a tough question to answer without knowing a lot more about you and your talents and passions. We believe that passions are vitally important in whatever you do, with 4 years of education ahead of you, it is likely that you will have a better idea of what you want to do with your career and your future, when you are a senior and not a freshman. It has always been our contention that college is NOT vocational training; meaning that you don’t usually study Economics to become an Economist or Philosophy to become a Philosopher.
So with all that in mind, our thoughts are to study Business or Economics (my major in college) as some subjects that can relate to the securities business. More importantly use the time and the opportunity to expand your horizons and try to find the thing, for which, you have great passion and interest. If it turns out to be the securities business, then it is your enthusiasm and drive that will help you land your dream job, not the type of degree you earned. |
| Q: I hold a B.A. in Business and have 10+ years experience in business management/accounting. I have been a stay-at-home mom for the past several years and am looking to get into the investment industry. Is there any way to start part-time or work from home until my children are older and I want to go back to work full time. My ultimate goal is to become an investment advisor or financial planner. |
| A: We assume from this that you aren’t registered, so one of your goals should be to obtain your Series 7 along the way as well as some valuable experience.
There are many branch offices that would consider part-timers for the operations area in the “cage” or wire room. This would give you a look into the functioning of a field office and base upon which to build. Another possibility would be as a Sales Assistant for a broker or group of brokers. If any firms are headquartered in your area, this would be a great place to look. There are a multitude of jobs there that would fit your needs and offer a wealth of experience. Good luck! |
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