Subject line says it all. Working full time in IB and need to schedule the exams. want to get them out of the way asap, but don't want to cut myself short on study time and fail. How long do I need for each?
If it helps, I took econ/finance courses in college, and I self-studied the gmat for two weeks and got a 770
Thanks in advance for any advice
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63 study for like 2 or 3 nights, not difficult... 79 probably take a few weeks doing practice tests... the technical part is easy, it's memorizing all the rules and regulations that's a pain
Thanks - are the rules and regs on 79 different than those on the 63?
Just started looking at my 63 study book and I already hate the word 'Administrator'
I'm pretty sure you have to take the 79 before the 63. Also, dont underestimate the 79, it's not an easy test.
Interesting our guy from Knopman Financial Training said to budget 100 hours for Series 79.
100 hours is ridiculous. I studied for it in a weekend, because I forgot to reschedule my Monday exam 2 business days prior. Especially if you've taken the 63, I think you can do the 79 with like 30-40 hours of studying.
All the ballers on this site and at work love to brag about how few hours they studied. The truth is that these exams are a pain and studying while working is difficult. Failure is public and you will be humiliated if it happens. You need to be scoring in the mid 70s to mid 80s routinely on the practice tests. That's when you take the exam.
To study, you should focus on the practice tests. Don't bother reading the book or anything like that. At work you should basically just keep a practice test open on your PC and do some questions inbetween assignments or perhaps late / early / weekends. When you are done with the test, just go through the answers and review the incorrect responses.
Where do you get practice tests? I need to take the 79 soon and cant find anything except the $500 Knopman stuff...anything else?
http://www.stcusa.com/Content/CourseView.aspx?s=79
Heard good things about this one.
The 79 rules and regs are obviously different from those of the 63. The 79 covers rules and regs on the federal level, as opposed to the state level.
The 63 requires about a week of good studying (daily 4+ hour sessions), possibly half a week if you prefer to cram.
The 79 is a monstrous bitch of an exam. Try to stay cool in spite of the repercussions of not passing after two attempts (most likely a pink slip). You have to know the knitty-gritty of every rule. To give you an idea of how much detail you need to know, when learning about the deadline for a filing, know exactly how many days to file are allotted, whether they are calendar days or business days, and other variables that make the period different (e.g. type of institution filing or type of filing). It's really a pain the ass and it's not intuitive. You just have to memorize.
Also, communicate with your staffer if you need more capacity. Your staffer more than likely took the 7 and got grandfathered into the 79 certification, so he does not know how much harder it is than the 7. He will say things like, "You shouldn't need much preparation because all you have to do is pass it." It's definitely not as easy as he makes it out to be. He might think you're a chump for requesting more capacity, but hey, this is your fucking job on the line.
The 79 is no joke. I studied for about 5 days for the 7, 3 days for the 63 and passed both. I just bought the Knopman prep materials for the 79 (which everyone says are much more representative of the test than the STC stuff), and it is going to take me several weeks, if not a month or two to completely and thoroughly study it all. My buddy at a BB passed on his 3rd try, and he was a undergrad finance major with a master's in accounting. I would budget at least a month of studying.
^I'm taking it first week of August at my bank. Haven't started looking at the study materials yet. #^%$(@#^(
I haven't taken it yet but I've been studying Knoppman for about a week now and scoring in the 80s-90s. I'm a bit relieved that most of it isn't calculation as that's the main thing I'm struggling a bit with. Knoppman is 500 pages roughly but some of it is BS graphs that don't seem to matter much. Easy to read if you have a sincere interest in banking IMO.
not sure what's normally done, but my bank had me take 63 first.
but yes, 79 is not easy (nor is 63, for that matter)
The 79 is fucking real, its like a college course worth of study. You will need a month of not going out, and study. The 63 is much easier but they still trick you up, unless your honestly understand it you will not pass. I passed the 63 with an 88 and absolutely bombed the 79 with a 68.....dont take it lightly.
i'd qualify slightly what peak lapel said...it is a serious test, but you certainly don't need to study for a month. granted i didnt have much choice in the matter and only passed 79 by a slim margin, but i studied for about a week in between working full time IB hours (3 days or so for 63)
The reason I said a month is if your working full time....the practice tests with STC take like 5-7 hours each...
when to take series 63 & 79? (Originally Posted: 06/29/2011)
do most analyst take it right after training? or after a month or so, since a couple weeks of series training won't be sufficient?
depending on bank...but some will have the series training as part of your normal training, so you would take it right after normal training. Some others have training sessions shortly after regular training. Regardless though, most banks will have it set early on so you can start working uninterrupted asaply.
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