I want to do trading as a portfolio manager...?

Question

I want to become a portfolio manager..do fixed income or equity trading..besides getting a CFA, what else would i need? Series 7? Series 63?....or both 7 and 63? Thanks

Answer 1

You need an MBA from a top ten business school.

Answer 2

Yes, it wouldn't hurt to get some broker experience (I think you need to have an investment firm sponsor your Series 7 & 63).  Don't worry, the Series 7 & 63 are a CAKE WALK compared to the CFA exams.

I wouldn't worry about the CFP - that's more if you want to be a financial advisor, not a portfolio manager.  The CFP gets into things like insurance and estate planning for individuals.

I had my 7 & 63, and I changed career paths after passing CFA Level I and failing Level II.  The exams are in June - take a class (for each level), and start studying NO LATER than December.

I don't want to scare you, but you seriously don't have a prayer of passing if you're not willing to study hard.  I'm living proof that even studying hard doesn't always work.  I have a good friend who took 5 years to pass all three exams, and he's a very smart guy who works in the industry.

I wish you the best of luck!

Answer 3

Both, and a CFP wouldn't hurt either.