Hello,
I am currently in the aviation career field and am looking for a change in career. I want to continue in the aviation field for now as I have a family and it pays decent money. What is the best way for me to transition into the financial advising career? I have just begun studying for the SIE since I don’t have to be a member of a firm to take it, but was just wondering what people’s thoughts and opinions are!
-Thanks
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Hi @Kim_Willms - welcome to the Achievable community!
First - good news… you don’t need a firm to sponsor you for the SIE exam. You can register for the exam on your own! This Achievable blog shows how to do it.
Regarding your next career, I’d keep an eye out for local opportunities. For example, we have many big investment firms in the Denver area (where I’m from), including Fidelity, Charles Schwab, TIAA CREF, and TD Ameritrade. These firms are almost always hiring. First, find what firms are in your local area, then visit their website and look for the ‘Careers’ section. For context, this is Fidelity’s Careers page. Also look at the typical job sites - Indeed, ZipRecruiter, and LinkedIn are three which come to mind.
If you can pass your SIE exam before you start interviews, you will have a “leg up” on others applying for the same role. Passing these exams is not an easy task, and firms want candidates they know can make it through the licensing process.
You’ll probably get hired into some form of an entry-level role, which will be a bit of a grind. My first role was answering phone calls at Fidelity. While it was a challenging role, I learned so much in such a short period of time. Those who perform well in this initial role are typically promoted quickly. It may take a few years, but you could start managing a book of clients in a relatively short period.
I hope this helps!
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I just wanted to say thank you so much for your insight here. I was dreading the idea of paying for the studying content and exams myself plus finding a job in the financial field entry level would likely pay me more than what I am getting paid now, but, the way you put it makes me not regret my decision to start on my own. I’ll do my best to get a good grasp of all the topics for the Series 7 exam on my own and then find a place. I enjoy my current company culture but I do want to get more into the securities world of finance.
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It’s an investment, for sure - studying for 100+ hours to pass your SIE and S7 is no joke!
That said, it’s well worth it.
The average entry-level salary for a bank teller (without licensing) is around $40,000.
The average entry-level salary for a wealth manager (with licensing) is around $70,000.
Of course, salary ranges widely depending on location, but you can do the math! 
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