Getting Started - Career Choices

Career Choices
If you want to supervise other futures traders, you would need to pass the Series 30 Branch Manager Examination. This allows you to work with and move up in the world of commodity pool operators, commodity trading advisors, introducing brokers and futures commission merchants. This is a much shorter exam – 50 questions over one hour – confined to supervisory topics. You'd think that passing the Series 3 is a prerequisite for taking the Series 30, but that is not the case. The qualifications for taking orders on futures accounts are in fact more stringent than the qualifications for those bossing around the order takers.

SEE: The Series 3 Exam: Creating A Career With Commodities

Still, a Series 3 can put you in a position where you could be realistically considered for a more senior-level job.

You could also parlay a Series 3 license into a broader financial services career. If you were to take a job as a futures trader for a bank or brokerage, you would then be with a firm that could sponsor you for a Series 7.

Finally, an interest in risk management could lead you to become a CFA charterholder, Financial Risk Manager (FRM) or Chartered Alternative Investment Analyst (CAIA). Given the breakdown in controls in the last four years, financial risk management has reemerged as a discipline of critical importance in financial institutions.

Building Blocks


Related Articles
  1. Professionals

    Introduction To The Series 65 Exam

    The Series 65 is required in many states in order to be a fee-based advisor. Find out what it is and whether you need it.
  2. Professionals

    The Difference Between Series 63, 65 and 66

    After passing the first core examination, usually the FINRA Series 6 or Series 7, one hurdle remains. That’s the Series 63, 65 or 66.
  3. Professionals

    The Money Market

    Series 62
  4. Professionals

    Trading Securities

    Series 62
  5. Options & Futures

    Find Your Niche In The Financial Industry

    In this article, we'll give you the tools you need to discover the financial career that fits you the best.
  6. Professionals

    Series 65 Exam Prep: The Investment Advisor

    Before you take the series 65, you need to understand who is an investment advisor as defined by the exam.
  7. Professionals

    Series 6 Exam Prep: What Is A Security?

    Before you take the series 6, you need to understand what a security is as defined by the exam.
  8. Professionals

    Series 24 Exam Prep: Stock Exchanges

    Before you take the series 24, you need to understand exchanges, listing requirements and much more.
  9. Professionals

    Series 7 Exam Prep: Options

    One of the most challenging topics in the series 7 exam is options. Find out what you need to know before you take the test.
  10. Professionals

    Understanding Series 6

    Upon successful completion of the Series 6, an individual will have the qualifications needed to sell open end mutual funds and variable annuities
RELATED TERMS
  1. Series 24

    A securities license entitling the holder to supervise and manage ...
  2. Series 65

    A securities license required by most U.S. states for individuals ...
  3. Series 66

    An exam administered by the Financial Industry Regulatory Authority ...
  4. Series 4

    A securities license entitling the holder to supervise options ...
  5. Series 9/10

    A securities license entitling the holder to supervise branch ...
  6. Series 86/87

    An exam administered by the Financial Industry Regulatory Authority ...
RELATED FAQS
  1. If I have passed the Series 7 exam, do I need to write the 6 and 63 exams as well?

    Not always. According to the Financial Industry Regulatory Authority (FINRA), (formerly National Association of Securities ... Read Answer >>
  2. I have passed the Series 63 and FINRA Series 7, but would like to become licensed ...

    Becoming an investment adviser representative requires more examination than just taking the FINRA Series 63 exam. See what ... Read Answer >>
  3. What are the differences between the Series 6 exam and the Series 7 exam?

    Learn about the regulatory exams needed to become a limited or registered representative and the main differences between ... Read Answer >>
  4. Do financial advisors have to be licensed?

    Understand why all financial advisors have to be licensed, and identify the specific licenses you must obtain to carry out ... Read Answer >>
  5. Is a financial advisor required to have a degree?

    Discover the minimum educational requirements and financial licenses needed to become a financial advisor in the modern corporate ... Read Answer >>
  6. I completed the Series 6, do I have to complete the entire Series 7?

    After having written the Series 6 examination, there would be significant overlap with the Series 7 in areas such as mutual ... Read Answer >>
Hot Definitions
  1. Goodwill

    An account that can be found in the assets portion of a company's balance sheet. Goodwill can often arise when one company ...
  2. Return On Invested Capital - ROIC

    A calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. ...
  3. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  4. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  5. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  6. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
Trading Center