Series 79
Hi All,
I know there are a couple threads out there on the Series 79 most of which are multiple years old. I am taking the 79 in 2.5 weeks and have Knopman materials. I am also taking a Knopman class the weekend before I take the test. I've read the book and my scores on online exams vary between 70- 77. I'm getting pretty frustrated at this point when I took my Series 7 I was scoring consistently in the 80's. Any tips or advice you can provide for the final 2.5 weeks? Are the Knopman tests known to be harder than the actual exam?
Thanks guys,
@johnnie23g-.", the Series 7 is an easier exam, so I would not compare what you scored on the Series 7 to what you are scoring on your Series 79 prep exams. I got in the mid 80s on my Series 79. Here is what I did:
Read the Knopman book twice and take very detailed notes.
Read through my notes twice.
Take each exam once. You should be scoring in the low to mid 70s.
Review all of the exams in detail and read through your notes twice.
Take the exams again. You should be scoring in the upper 70s to low 80s.
I'm not sure I agree with the 7 being easier (unless it changed significantly recently). The 7 has the most difficult topics, although it also has some really easy ones to balance it out.
That said, if you can consistently get borderline to slightly above on the practice exams, you should pass the 79. I scored higher on all three of my FINRA/state exams than I did on the practice.
Thanks Sil, that helps put some clarity around what I am experiencing. Did you take a class with Knopman as well?
No. My bank just got me the books and online tests.
I was only scoring in the low 70s for the 79 using Knopman (webinars and books I think?) and took the actual and hit upper 80s. I think it prepares you more for the real thing, which is less difficult than the Knopman practice tests.
Bullet-Tooth Tony - thanks for the reply. I've been getting super frustrated and it's definitely refreshing to hear that you found the test significantly easier than Knopman. I'm hoping the class will help get me into the 80's on average.
As long as you consistently nail 75 on Knopman exams you should be fine. I was hovering around low 80's and hit a 92.
Thanks everyone - Refreshing to hear. Did anyone attend the 3 day class ? if so what did you guys think?
I did not. The class is not necessary. However, if it gives you peace of mind, go for it.
My firm is giving me the time off and paying for me to go, so I figured might as well.
Stuck with the tests and I am averaging 80.5 (scores between 79 & 86) over the last week and a half on tests before going to the class on Wednesday. Feeling pretty good now.
Thanks everyone for the confidence boost.
Thanks everyone ended up with a 91 on exam day. Knopman definitely is harder than the actual exam
Did you think this was harder than the 7?
Congrats on passing. Any tips for someone about to begin studying? Also, are you looking to sell the Knopman materials now that you have passed the exam?
I think that cumulatively the 79 had harder material as a whole but the 7 had sections much harder than any of the 79 material and also sections way easier than the 79, so more of a variance of difficulty.
Series 79 Timeline (Originally Posted: 03/05/2017)
I know there've been many comments written about the Series 79 test, but I had a question regarding the timeline. Do you complete the series 79 within the first 2-3 months of starting (right after training)? Or can you do it even a year after you start?
I've heard of analysts doing both, so I was just wondering.
Thanks!
It depends on the firm. Some are more lenient than others.
Technically, I think its a violation to be emailing or calling regarding any transaction opportunity if you're unlicensed/certifications (or are missing all the proper series). Some have found loopholes/gray areas that may allow you to still do Analyst/Associate level work without having the proper certifications in place, but many of the bigger banks dont even risk that and will be strict with the timeline usually.
Hope that helps..
Series 79: Scoring Well (Originally Posted: 03/27/2017)
I'm an incoming first year analyst starting in July, and my bank has been giving me resources (Knopman) to help study for the Series 79 test. I'm only in two classes right now, and there is never anything going on during the beginning of the week. March Madness only has three games left, so now I have nothing to do. Is there any benefit to obtain a score significantly above the minimum passing score (73%)? I'm trying to figure out if your VPs or MDs only give a shit if you pass, or if you pass with flying colors.
Just pass. My firm has friendly competition within first years to see who scores better but at the end of the day no one gives a shit. And you'll probably study for it during your analyst training as well so don't waste a ton of time right now on it. Just make sure you don't fail
The bank needs you to have the certification to comply with FINRA regulations, not for evaluate your skills/Performance. So in my opinion as long as you pass it, you're good. On FinraBrokerCheck you will see only if the certification is obtained or not. On the other hand, I was coming from a totally different regulatory environment, and I deliberately spent more time to actually study the material and not only to memorise them, in order to catch up and understand differences between EU regulations and USA's.
What happens if you fail the first time? Do you lose your job?
Series 79 August 23rd...am I screwed? (Originally Posted: 07/03/2014)
Haven't started studying really, and training FT starts next week. Console me WSO.
You need 5 days to study for the 79. Chill out.
wow dude its like a 100 page book.
Same boat, dude. I think we'll be fine.
Series 79 - Section 2 (Originally Posted: 09/07/2016)
Anyone have any tips on how to best study for section 2 of the 79? Section 1 was really easy to me, and looking ahead section 3 seems pretty easy too, but f@ck section 2, this sh!ts giving me a headache. Do I literally need to know every rule in-and-out?
Make some flashcards or google to find some. That the best way for that kind of crap. Just go through them once a day when you get a chance or something. I agree though. That sections really blows. I am currently studying for an end of month test date.
Series 79 - Failed the test (Originally Posted: 03/18/2011)
I took the 79 two weeks ago and I failed it. I use Kaplan for my study prep and almost none of what I studied was on the test.
I now have Knopman. I borrowed it from a coworker that used it last year and passed it on the first try.
Does any one know if knopman is a a good guide? How much time should I study? Any tips.
I also have Solomon prep exams. I didn't purchase knopman or Solomon. I just borrowed it from some coworkers that used it before.
Thanks
it is probably one of the best prep materials i think. when i was taking the class during training, the instructor said ~40hours + 7 practice tests should be good enough. but lots of people spend less amount of time and still passed.
Thanks...
Training the Street is pretty good too
Series 79 - Taking the test in about 1 month (Originally Posted: 07/28/2012)
I'm taking the Series 79 in about 1 month. It seems like a lot of time to have to study, but I'm overwhelmed working long hours and trying to put in any sort of hours of studying after work.
I wanted to know what are some of the study strategies/schedules people used to prepare for the Series 79. I just got the Knopman book and plan on reading that first and then focusing on taking practice exams. I'm working on a study plan this weekend.
Any advice would be appreciated.
also interested
Cut-off date for Series 79 (Originally Posted: 06/18/2010)
When do incoming analysts have to take & pass the Series 79 exam? Is there a cut-off date?
Most firms are still trying to get a grasp on how to handle this exam. Typically you need to take the exam within the first month after training. They will usually schedule large tests where you will take the test with your fellow trainees. It's still new, and most of the materials out there do not adequately prepare new hires for the exams. Most firms are giving incoming new hires multiple opportunities to prepare for the exam. STC is one supplier for exam preparation materials. I hope more useful materials come for in the future.
Someone posted their notes from the series 79 as well on here - I can't access it here but can link it later if you can't find it on the search function.
180 days here
Series 79 - STC material help (Originally Posted: 02/18/2011)
I have the book need access to the online tests by STC, they won't sell me just the online exams. Anyone have access to the online exams they will share with me?
Come on someone....
do you where i can get a cheap study guide?
Series 79 Exam - Flashcards/notes? (Originally Posted: 07/27/2011)
Hey guys. Taking the exam in a few weeks after training, wanted to know if anyone has flashcards/notes they can send me ;). It'd be well appreciated. +bananas for sure. If not, what's the best way to prep? Been searching online and there really is nothing besides STC and Knop or whatever. Steep prices.....
Wouldn't your firm pay for training materials?
STC has solid materials for the exam. You're not really going to be able to get around purchasing some sort of prep materials as there is too much info to wing it.
Another WSO user cooked this up: http://www.wallstreetoasis.com/forums/series-79-free-study-guide
Series 79 as a Sophomore (Originally Posted: 02/03/2013)
I'm a sophomore working at a boutique in IBD, and my employer said they would sponsor me for the series 79.
I hope to go the Junior IBD SA > FT IBD in the future, so would this be good for me to take care of now? Also, I'm curious if the registration would expire before I even started FT work.
Also, how much would I need to study in order to pass with the Knopman study guides?
Thanks.
I think the registration expires after like 2 years, I'm not sure if there's any FINRA exemptions to that.
Someone else will have to add color.
I know for the 7 every 2 years you do some continuing education stuff but it's not bad. I would assume there is something similar for the 79
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