There are a number of exams that are required before you can successfully obtain your FINRA investment banking license or become a certified broker dealer. These tests are required to ensure that all individuals not only successfully passed the broker dealer exam, but that they also possess the necessary knowledge and have a good understanding of the requirements. Once all of the tests are done, and you are ready to get to work there are a few things that need to be considered. Read below for some survival tips to help once you’ve passed your exams, including your broker dealer exam and FINRA licensing exams and are ready for some work.
Never ask for extra work, even during slow periods. The quality of work that you do is going to be noticed long before the amount of work you do is. Don’t be afraid to step out of your comfort zone, especially when it comes to big projects. Mistakes are still part of the learning process so use them as just that. If you do find that you need help don’t be afraid to ask for help. Reach out to other colleagues for help when needed.
Try to get as much exposure to the different areas of the business as possible. This will help you on your path to gaining knowledge and learning about the business. Lastly, consider the long term gains rather than short term gains. There will be many days that are full of stress and may make you feel like throwing in the towel, just focus on the long-term rather than the moment.
There are a few things that make for success in this field and these things are easy to follow. Risk-taking is a quality that will get you places. Tackle opportunities as they arise and don’t be afraid to tackle a project and take risks. Avoid burnout by using free time, no matter how little that may be to do something that you enjoy. Get up early and work out, engage in a hobby. Let your competitive nature guide your hobbies as it guides your career.
Always dress for your part, your attire says a lot about you, and don’t be afraid to mingle with your clients even during after hours. Invite them to engage in your hobbies with you and invite their family to spend time with your family. A large portion of your time will be used to entertain whether on the job or during leisure periods, so make the best of it.
This job is certainly not for everyone, but those who pass their broker-dealer exam and dive into the field usually find ways to make it work. This field has grown over the years and considering that 64% of small businesses are having difficulties financially it is likely to continue to grow. Use these tips to help you advance in your career and to help avoid burnout in a highly demanding field.