The World of Finance (Part 1)

For the past few years, I’ve lived my life as a home based content writer. All I did at home was to write, eat, sleep, and spend time with the family.
Not exaggerating or anything, but everybody wanted to do what I was doing — at home but still earning.

Nice, right?

So why did I suddenly find myself studying about stocks and bonds and everything finance-related?

 

Series 7, Series 63

RCBC office, Makati. March, third week roughly. Found myself signing the job offer. I was excited, I was scared, I was sad… yeah, it was a rollercoaster of emotions. What am I doing here, I thought. Is this really what I wanted?

First stop: Passing the Series 7 exam

Unlike other BPO companies, I didn’t jump immediately to product training. We all first had to pass two licensure exams, specifically Series 7 and Series 63.

According to the FINRA website.

The Series 7 exam – the General Securities Representative Qualification Examination (GS) – assesses the competency of an entry-level registered representative to perform his or her job as a general securities representative.
The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a general securities representative, including sales of corporate securities, municipal securities, investment company securities, variable annuities, direct participation programs, options and government securities.

So that’s basically what I have to deal with.

After that came a few weeks of crazy studying.

laptop, glasses and highlighters = my best buddies

Admittedly, I didn’t study as hard as expected. Although, I did make a couple of sacrifices such as not being able to celebrate my birthday and not going home for the weekend, just so I can STUDY.

After all, this was so all going to be worth it, right?

Then April 22 came, i.e. the actual date of the Series 7 exam. I was so nervous; I suddenly regretted not studying the night before (hey, they told us to relax!). I felt that my brain was oh-so-empty.

Did I study enough? What will the questions be like? What if I fail? All those questions came up.
But of course, I never doubted God, plus I asked help from St. Joseph of Cupertino (he’s the patron saint of exams — I needed all the help I can get).

We all came to the venue, and took the exams for the whole 6 hours. I’m not kidding — the exams were crazily confusing. It felt like all choices were right ones. Crazily crazy. Yeah, crazy.

The venue didn’t have any clocks inside, and we weren’t allowed to wear any watches or any form of jewellery. Hence, we weren’t really conscious of the time. Before we knew it, the six-hour exam was over… and it was time to find out what my score was. Did I pass or fail?

The passing score is 72. If you got 72 and above, you passed; 71 and below, you failed.
I no longer cared what my score was — as long as it’s 72 and above.

When I finished the exams, I looked around and saw that there were only two of us left, and everyone else went back to RCBC. I clicked on that final button, clicked on the ‘Agree’ part (it was a disclaimer about the results not official until stated in the paper — sorry, my mind’s a blur then), and then — the results.

What the previous testtakers said were true — it really was the longest 10 seconds of my life. All the while, I was chanting “Please, 72 and above lang po, please…

And voila! Guess what my score was?

I passed!

Effin’ 72. 72. Seventy-twoooo. HAHAHAHAHA!

I gave thanks to the highest heavens for that score. I was so relieved. Can you imagine what my score would have been had I chosen to change even just one answer?

My mind was so sabaw that when I got out of Trident Tower, I actually walked towards the wrong direction! I just realized my mistake when I realized RCBC was supposedly a five-minute walk… and I was going farther.

And so I went back, walked toward the right direction this time, and reached the building. Went up the lift, entered the room. I suddenly saw everyone looking at me, asking what score I got. I assumed everyone passed, so I blurted,

“Masyado kong sineryoso ang perfect score. I got 72!”

Then everyone started clapping.
I then whispered to Karen, “Anyare? Sino nakapasa pa?”
Turns out only half of us made it. Six out of twelve. Four were given another chance to retake the exam, and two unfortunately cannot proceed.

We got our Series 63 reviewers, and went home. Well, not really, as we first went out for drinks. After all, it was the first weekend that we were “free”. Haha!

(Part 2 — soon to follow)

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