How long should you study for Series 7?
80-100 hours
Strategy 1: Make a Study Plan 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.
Is the new Series 7 easier or harder?
The Series 7 Top-Off Exam definitely takes longer. Both exams cover much of the same topics. However, the Series 7 Top-Off Exam is much more in-depth. The SIE Exam can be conquered after studying for 1 month to 1.5 months by memorizing almost everything but on average the Series 7 Top-Off takes about two months.
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.
Does a CFA need a Series 7?
Although some Series 7-licensed investment advisors also hold a CFA charter, most careers requiring a CFA don’t require a Series 7 license. Unlike the Series 7, the CFA certification does not expire. As such, it is a certification that can be used in marketing your personal skills throughout your career.
What is a passing score on a series 7 exam?
Series 7 Exam. The Series 7 is officially called the General Securities Representative Qualification Examination. It is broken into two, three-hour segments and contains 260 questions, of which 250 will count toward the final score. The passing grade for the Series 7 exam is 72%.
How many people pass the series 7 exam?
At the FINRA 2019 annual conference, it was announced that from October 1, 2018 to March 31, 2019, 10,542 individuals sat for the exam, and the Series 7 pass rate for that period was 71 percent. That rate applies only to those who passed both the SIE exam and the Series 7 exam.
How difficult is the series 7 exam?
How difficult is the Series 7 exam? Like all exams, the test becomes easier the more you do to prepare for it. The general consensus is that the Series 7 is less comprehensive, and therefore slightly easier to pass, than the CFA exams, but only 65% successfully make it through the Series 7 on their first time, so the pressure is on.
How much does it cost for a series 7?
The Kaplan series 7 practice tests, for example, can cost $299 for the self-study and $449 for the live class version. If you stop working for your firm, the license will expire after two years.