Ad
related to: what are the reviews for the assets series 7For a Limited Time, Use Promo Code ADVANCE to Save 15% on Securities Licensing Exam Prep. Exam Prep with Innovative Online Study Tools from Kaplan Financial Education.
- Series 7 and 63 Exam Prep
Achieve Securities Exam Success
with Kaplan's Prep Packages.
- Save 15%
Explore Kaplan Securities
Licensing Exam Prep. Shop Now.
- BAP® Designation Program
Ideal for All Residential
Real Estate Agents.
- Buyer Agency Designation
Secure Your Buyer
Representation Commissions
- Learn More About Kaplan
Kaplan's education is designed
to help you pass the first time.
- Kaplan Pass Protection
We stand behind our study packages
with a pass guarantee.
- Series 7 and 63 Exam Prep
Search results
Apr 19, 2023 · The Series 7 license stands out in the industry because practitioners must pass one of the longest and most rigorous exams in the industry to obtain it. This license not only allows them to sell most securities, but it also means they have extensive knowledge of financial topics.
- Overview
- The 6 Best Series 7 Exam Prep Courses of 2024
- What Is a Series 7 Exam Prep Course?
- Is the Series 7 Exam Difficult?
- How Long Does It Take to Study for the Series 7 Exam?
- What Is the Pass Rate of the Series 7 Exam?
- Should I Get My Series 7?
- How Much Does a Series 7 Exam Prep Course Cost?
- How We Chose the Best Series 7 Exam Prep Courses
Of all the securities exams, the Series 7 is considered the most difficult. That's as it should be because it measures a person's readiness to sell complex financial products to investors who rely on their registered representatives' competence and integrity. It's also why just 65%
pass the test on their first attempt
Best Overall : Securities Training Corporation
The combination of a high-quality study package for every need and budget, a responsive instructor hotline, and a money-back guarantee makes Securities Training Corporation our choice as the best overall exam prep provider.
Securities Training Corporation (STC) was one of the first companies to offer exam prep courses back when securities exams were first introduced in 1969. Since then, it has strived to be the industry leader. By adding a money-back guarantee to its offering of high-quality study packages, along with responsive instructor support, STC makes our list as the best overall exam prep provider.
Starting at $323.95, STC's base study package, SIE/Series 7 Top-Off Standard, is as fully loaded as some other providers' premium packages. The enrollment, valid for six months, includes both online and printed study manuals, access to an instructor hotline, 24/7 tech support, and final exams. It also features Crunch Time Facts, which summarize the study manual's "must-know" facts by chapter.
The purpose of the Series 7 exam is to assess the competency of entry-level registered representatives seeking to join the securities industry as a General Securities Representative. A Series 7 exam prep course consists of the materials and resources a student needs to prepare for the exam. Basic exam courses include a study guide (online or printed) and practice exams and are typically designed for self-directed study.
Generally, higher-cost courses include more study resources with more extensive materials.
Clocking in at 125 questions to be answered in three hours and 45 minutes, the Series 7 exam is considered the most difficult of all the securities licensing exams. The minimum passing score is 72, which may not seem that difficult. But the scope of the exam is far-reaching, covering the entire array of securities products and rules governing customer accounts.
The questions, which tend to be lengthy with detailed information, are designed to challenge a candidate's understanding of a concept, which is why the practice exams are so important.
The length of time it takes to prepare for the Series 7 exam depends largely on an individual's time commitment and study habits. Depending on a person's knowledge and experience, the material can be difficult to absorb for someone new to finance. Most providers recommend a time frame of 80 to 100 hours. A good exam prep course provides instant fee...
Though FINRA doesn't publish a pass rate for the Series 7 exams, it is widely accepted to be around 65%. Regardless, the most reliable indicators of passing rates are those that exam prep providers publish. As you have seen in this article, some of them are above 90%. All of the providers listed in this review have a pass rate of at least 85% or, if no pass rate is published, they offer a money-back guarantee.
People who do fail the test on their first attempt tend to do better on their second attempt. If you fail on your first attempt, you are allowed to retake the test after 30 days. The 30-day wait rule also applies if you fail on the second attempt. If you fail again on your third attempt, you will have to wait 180 days to retake the exam.
If you want to work anywhere in the securities industry, you should get your Series 7 license. Though the most commonly known reason for obtaining a Series 7 license is to become a registered representative, anyone who wants to work for an investment bank, broker-dealer, or securities firm in just about any capacity would be well-served to obtain a Series 7. That includes working on the regulatory side of the business, equity research, or back-office operations. It is important to note that in order to sit for the Series 7 exam, a candidate must be affiliated with and sponsored by a FINRA-registered member firm, or other self-regulatory organization (SRO) member firm.
To that extent, having a Series 7 license can make you more marketable if you are seeking work in the financial industry.
Obtaining the necessary means to pass the Series 7 exam successfully is viewed as an investment for people who seek a career in the financial industry. Investment firms positively view it as an investment because many will cover the cost of exam prep for qualified job candidates.
If you pay for a Series 7 exam prep course yourself, you can expect to pay between $150 and $400 depending on the extent of learning tools and materials included in the course. A self-study course will cost much less than one that provides online classes, personal instruction, and other resources. Some providers offer supplemental in-person or online instruction for an extra $150 to $250.
Using some baseline criteria like cost, pass rates, money-back guarantee offers, and operating history, we narrowed the field to 15 that we reviewed more thoroughly. From there, we sought to view the providers through the eyes of different types of students and their considerations for the ideal provider.
We know many students are looking for providers offering the best overall value. Some students gravitate toward the premium packages but want one that won't break the bank. Others look for the most comprehensive package they can get for their money.
People also ask
What is a series 7 exam?
Do you need a series 7 exam to sell securities?
What should you expect on the series 7 exam?
How many people take the series 7 exam a year?
Nov 28, 2023 · The Series 7 exam, also called the General Securities Representative Exam, is a regulatory licensing exam administered by FINRA to assess the competency of entry-level finance professionals involved in the selling, trading or dealing of securities.
In Theaters At Home TV Shows. Advertise With Us. This dramatic series goes back to 1985 to chronicle the real-life pursuit of Aldrich Ames, a man who turned out to be one of the most notorious...
- Paul Rhys
- 1
Oct 19, 2023 · Reviewed By: Hassan Saab. Last Updated: October 19, 2023. What is the Series 7 Exam? The Series 7 exam is a General Securities Representative Qualification Examination (GS) that assesses an entry-level representative's ability to do their job as a general securities representative.
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).
Ad
related to: what are the reviews for the assets series 7For a Limited Time, Use Promo Code ADVANCE to Save 15% on Securities Licensing Exam Prep. Exam Prep with Innovative Online Study Tools from Kaplan Financial Education.
