How Long Does It Take To Get A Series 7

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You should plan to spend between 100 150 hours in preparing for both the sie and top off exams. The series 7 exam the general securities representative qualification examination gs assesses the competency of an entry level registered representative to perform their job as a general securities representative.

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Registering on or after october 1 2018 the exam will be significantly shorter.

How long does it take to get a series 7. Ideally you want to go in to the exam with practice test scores in the mid to low 80 range. Registration before october 1 2018 the series 7 was a beast of an exam. The exam consists of 125 multiple choice questions and you have 3 hours and 45 minutes to complete it.

Individuals who want to enter the securities industry to sell any type of securities must take the series 7 examination formally known as the general securities representative examination. You can purchase study guides and take practice exams leading up to the real examination. On october 1 2018 finra restructured the series.

It s probably clear that how long to study for the series 7 top off exam will vary for everyone. Overall most people will need between 1 5 to 2 months. 6 hours long with 250 multiple choice questions covering general financial knowledge as well as product specific knowledge.

The series 7 alone lasts six hours so you should take a few full length practice exams to improve your stamina. Individuals who pass the series 7 examination are eligible to register to trade all securities products including corporate securities municipal fund. Recommended series 7 pre licensing courses.

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The following table shows the major job functions covered by the exam 1 through 4 with the associated number of questions. The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a general securities representative including. Recommended study time to pass your series 7 exam.

Study for the series 7 exam once you find someone who is willing to sponsor you. If you don t have pressure from your boss then take as much time as you need. Take the series 7 exam to obtain your license.

A common pitfall is to try to memorize answers but a better strategy is to focus on concepts. The finra series revised 7 general securities representative qualification top off exam is required of individuals soliciting the purchase or sale of corporate municipal and u s. Before you can begin selling securities you will have to pass this exam.

If you just memorize a rule you may have trouble applying it to novel hypotheticals. Understanding why the rule exists will help you. How long to study for series 7 licensing.

Exam preparation and review courses go a long way toward helping you pass your series 7 exam the first time. Series 7 exam details. The series 24 exam the general securities principal qualification exam gp assesses the competency of an entry level principal to perform their job as a principal dependent on their corequisite registrations.

3 hours and 45 minutes with 125 multiple choice questions. A series 7 license requires you to take and pass both the finra sie exam and the series 7 top off course. Government securities options direct participation programs investment company products and variable contracts.

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The exam measures the degree to which each candidate possesses the knowledge needed to perform the critical functions of a principal including the rules and statutory provisions.

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