Turn on thread page Beta
    • Thread Starter
    Offline

    11
    ReputationRep:
    Hello everyone, today I was talking about becoming a trader with my father and he told me about a qualification or a test was supposed to be passed. I immediately thought from SII but I am not informed well either. He mentioned something called IMRA but wasn't sure about the name. A search on IMRA didn't come up with anything so I decided to ask you guys.

    Is there any specific qualification/exam that is required to be taken before becoming a trader?
    Offline

    0
    ReputationRep:
    Need to pass the regulation exam from SII to become an approved person under FSA. Will also need to sit securities and derivatives exams depending on the product your trading.
    Offline

    0
    ReputationRep:
    SIIs... definitely FSA Financial Regulation, then probably Securities, Derivatives and Investment & Risk. 4 exams, each around 2 hours long, multiple choice, 70% pass mark.
    Offline

    0
    ReputationRep:
    Note that there's absolutely no need for you to obtain these qualifications on your own accord before applying for a a trading position. You're much better off spending all that time running your own book and networking, rather than sitting for FSA exams.
    • Thread Starter
    Offline

    11
    ReputationRep:
    I see. Thank you very much for your answers.
 
 
 
Reply
Submit reply
Turn on thread page Beta
TSR Support Team

We have a brilliant team of more than 60 Support Team members looking after discussions on The Student Room, helping to make it a fun, safe and useful place to hang out.

Updated: August 26, 2008
Poll
Have you ever experienced bullying?
Useful resources

Articles:

Guide to investment bankingGuide to consultancy

Featured recruiter profiles:

Deutsche Bank logo

Deutsche Bank is recruiting

"Thrive in an international banking environment"

Quick link:

Unanswered investment banking and consultancy threads

Groups associated with this forum:

View associated groups

The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

Write a reply...
Reply
Hide
Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.