Securities License

If you are looking to break into the securities industry or work for a broker-dealer, there are certain securities licenses that you should keep in mind.

People who are currently outside the business or graduating from college are well served in this job market to get some license training and completion.

The NASD

The NASD is the National Association of Securities Dealers. Broker Dealers who are members of the NASD must have their employees licensed based on the job functions of those employees. The NASD is the regulatory authority of the broker dealer industry. There are several licenses that the NASD recognizes to work in the securities industry. Some can be obtained before you enter the business. Other licenses need to be "sponsored" by your employing firm. That means, while you can begin studying for sponsored exams, you can not sit for the actual exams until you are hired. All of the NASD exams (once you are registered)can be taken any day of the week (Mon-Fri) at hundreds of testing centers throughout the country.

Licenses to consider that do not require sponsorship

There are a few other futures tests (Series 30 and 31), but neither needs to be taken unless you are looking to work specifically with futures - commodity related securities.

Securities license designations such as the Series 7 and Series 6 require company sponsorship before sitting for these exams. Get the licenses you can get on your own. Once you are hired, your company will sponsor you for other exams, if required by your company.

Get the edge in your finance career and begin some securities license training. Do what you can to get your resume placed on top of the pile!

Nick Hunter is the President of American Investment Training (AIT) http://www.aitraining.com - a securities license training company. He writes for http://www.brokerjobs.com - A career website for incoming brokers and advisors.