Is the new Series 7 easier or harder?
The new Series 7 is harder, kind of One of the fallouts from pulling general industry knowledge questions from all qualification exams is that the Series 7 just became more difficult. The exam no longer includes all the simpler questions that now make up the SIE, yet the passing score is still the same: 72%.
How long does it take to study for finra Series 7?
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.
Is the Series 7 harder than the SIE?
The Series 7 exam is essentially a much more difficult SIE exam. It has 125 questions (plus 10 extra that don’t count toward your score) vs 75 for the SIE exam. A key difference in the SIE vs Series 7 is that the content goes much deeper for the Series 7.
Is the Series 7 harder than the CPA exam?
When it comes to the tests, Series 7 covers municipal fund securities, corporate securities, solicitation, and more. It has about a 65% pass rate. Comparatively, the CPA exam covers business concepts, financial accounting and reporting, regulation and auditing/attestation. Both are broad, difficult tests.
Is Series 7 harder than CPA?
I haven’t taken the Bar exam, but I have passed both the CPA and Series 7 exams – the CPA was harder. The Series 7 exam is largely about regulatory issues in the securities industry – FINRA doesn’t want an accused broker to use the excuse that they were “never taught that in class”.
How many hours a day should you study for the Series 7?
How Long To Study For Series 7 Licensing: Recommended Study Time To Pass Your Series 7 Exam: You should plan to spend between 100-150 hours in preparing for both the SIE and Top-Off exams.
What can I do with a Series 7?
A candidate who passes the Series 7 exam is qualified for the solicitation, purchase and/or sale of all securities products, including corporate securities, municipal fund securities, options, direct participation programs, investment company products and variable contracts.
Does the Series 7 have a lot of math?
The exam is approximately 30% math (e.g. options, margin and convertible bonds). Some candidates feel strong in the math and will plan to score well there, allowing for a slightly weaker performance on the regulations.
What are the requirements for Series 7?
There are no educational or citizenship requirements to sit for the Series 7 exam; there is an age requirement where you must be of “legal age” and this is established by each state — generally being 18 years.
What is series 7 exam definition?
Series 7 exam. The Series 7 exam, also known as the General Securities Representative Exam (GSRE), is a test for registered representatives. The Financial Industry Regulatory Authority (FINRA) administers the exam. In the United States, stockbrokers take this test to get a license to trade.
What is series 7 training?
Series 7 LIcensing – Training And Exam Prep Courses. A Series 7 license qualifies a candidate for the solicitation, purchase, and/or sale of all securities products, including corporate securities, municipal securities, municipal fund securities, options, direct participation programs, investment company products, and variable contracts.
What is FINRA 7?
What is the FINRA Series 7 The FINRA Series 7 license, offered by the Financial Industry Regulatory Authority, which regulates member investment companies and stock exchange markets, is also referred to as the General Securities Registered Representative license.