2006-06-29 11:41:41 · 5 answers · asked by tonyspizza232 1 in Business & Finance ➔ Careers & Employment
For me, yes.
Usually, your company should provide you with a study class and material. The standard fare. Studied for about a week of pure cramming and it was enough to get 90ish. I don't remember the exact score, but it's just pure short-term memorization if you're just trying to pass. You need 70 to pass.
Some of it such as the bonds, options, etc., you should already know from your college classes. Brush up on that. Some of it such as the ethics questions is just common sense with the answer almost always being the most "conservative." The random rules and regulations are the only tedious portions.
The package I'm familiar with had a few hundred pages of text along with about 13 practice tests, ordered by level of difficulty. I read through most of the text and then tried the practice tests. The first ones were pretty easy. #13 was quite difficult. The actual test ended up probably being around a #4. It's better to be over-prepared rather than under-prepared because it's embarrassing and a waste of time to fail and have to retake it.
The test isn't supposed to be difficult. They just want to make sure you were exposed to the ethics things and a few basic finance things in case it comes up later on.
2006-06-29 11:45:46 · answer #1 · answered by Arbitrage 7 · 0⤊ 0⤋
well i took it back in 1987 while still in collage and passed at the time the text book was 1/4 inch thick-today it's almost 2 inches-it's considered the thrid hardest test behind the bar exam and real estate.but if you study option's and rules and regulations you should be fine-my question to you is why waste your time with the 7 when most brokers are and have been selling insurence products-my advice get a insurence license you make 4 times as much as the stock brokers.
2006-06-29 19:39:31 · answer #2 · answered by James Y 1 · 0⤊ 0⤋
I took the Series 6 three times and that was pretty tough. The thing to do is to take your studying very seriously. The practice tests I thought were a real waste, but you might try them to see how you do. I finally passed after two failures, but I did best when I gave myself plenty of time to study...over one month!
2006-06-29 18:48:54 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes. Once you grasp a few basic principles behind the U.S. securities regulations, you can pass the exam.
2006-06-29 18:46:15 · answer #4 · answered by NC 7 · 0⤊ 0⤋
series 7 is a breeze.
2006-06-29 18:58:39 · answer #5 · answered by RMC 2 · 0⤊ 0⤋