Why is the Series 7 exam so hard?
Why is the Series 7 exam so hard?
As challenging as the Series 7 exam is, it requires a substantial commitment of time and effort to prepare with materials and tools that meet a student’s particular learning style and study preferences. Between the cost of sitting for the exam and the cost of study materials, students often invest hundreds of dollars.
Is the Series 7 harder than the bar exam?
The Series 7, after all, is the notorious Wall Street rite of passage, the exam all potential stockbrokers have to pass before being licensed by the NASD. Brokers brag that the Series 7 is harder to pass than the bar exam in some states.
How long should you study for the Series 7 exam?
80-100 hours
You need to spend 80-100 hours studying for the FINRA Series 7 exam if you have a finance background and about 150 if you don’t. The first thing you should do is lay out a study plan that ensures you put those hours in. Give yourself enough time to take breaks from study to let concepts percolate.
What is the pass rate for the Series 7 top-off exam?
approximately 65%
Find Out How To Pass The Series 7 Top-Off Exam On The First Try! The Series 7 is one of the more lengthy and intensive exams administered by FINRA. The average passing ratio of students taking the Series 7 exam is approximately 65%.
Do you have to be smart to pass the Series 7?
Therefore, users who are not having problems move rapidly through the program; those that are having difficulty will move more slowly, but they will meet the minimum competency level needed to pass the examination upon successful completion of SMART 7 Top-Off.
How much does the Series 7 exam cost?
FINRA Representative-level Exams
| Duration | Cost | |
|---|---|---|
| Series 6 – Investment Company and Variable Contracts Products Representative Exam | 1 hour and 30 minutes | $40 |
| Series 7 – General Securities Representative Exam | 3 hours and 45 minutes | $245 |
| Series 22 – Direct Participation Programs Limited Representative Exam | 1 hour and 30 minutes | $40 |
Is Series 7 or 66 Harder?
While the hardest questions from the Series 66 overlaps with the Series 63’s hardest questions, the Series 66 contains even more content that makes it a challenge. There is a lot of content that overlaps with the Series 7, for instance. These topics, and more, lead to a fairly challenging exam.
Is getting a Series 7 worth it?
Typically, the Series 7 is the better choice if you’re interested in selling individual securities either now or in the future. Plus, once the Series 7 is completed, no additional exam is required.
How to take a series 7 test for free?
Get unlimited access to our exam prep software 24 X 7 for 6 months. Take practice tests anytime, anywhere using any PC, Mac, Phone or Tablet. Create your own randomized quizzes. Attempt all the questions. Do not use the browser back button while doing this test. The timer of the exam will not stop once the exam starts. IMPORTANT!
How to prepare for the FINRA series 7 exam?
Kaplan Financial Education’s securities licensing exam prep packages provide all the necessary tools to help you prepare, practice, and perform on the FINRA® Series 7 Exam, General Securities Representative Examination (GS). We offer a variety of instruction options and exam prep study tools to best suit your learning style and schedule.
How to take the series 7 securities representative exam?
Series 7 – General Securities Representative Exam 1 Content Outline. The Series 7 Content Outline provides a comprehensive guide to the range of topics covered on the exam, as well as the depth of knowledge required. 2 Eligibility. 3 Permitted Activities. 4 Key Questions.
Which is the Best Series 7 prep materials?
One substantial reason why Securities Institute of America’s Series 7 Top-Off prep materials are so highly rated has to do with its GreenLight Guarantee. But what does that mean? Many of this company’s materials come with a GreenLight exam included in their curriculum.