I recently secured a position as a HNW broker, but have to pass the Series 7 to start. Firm provided STC materials. I am having trouble retaining information from the manual, and practice scores not really budging.
For people who have studied for and taken the 7 recently, what worked for you? Did you supplement your firm's materials? How was the actual exam?
The Series 7 is not hard. Just spam the practice questions. Write down the explanation to the wrong answers and study that on your commute into the office. Rinse, Wash, and repeat until you're scoring somewhat consistently and then regurgitate it on the exam. Congratulations, time to wheel and deal.
1.) Read the whole Kaplan Series 7 book 2.) Spam practice tests/ quizzes 3.) Assess your areas of strength & weakness 4.) Spam practice tests that only cover your weaknesses 75% of the time and spend the other 25% on strengths so you can reinforce them. 5.) Pass
I'll second the suggestion for Kaplan as a secondary source of study materials (call in your order and tell them what firm you're with, they might have a 25% discount).
What parts of the S7 are you struggling with? What kind of scores are you getting practice exams?
Options calculations mainly. Have scored in high 60s- low 70s on closed books. Was awful (mid 40s- mid 50s) during Q&A. Have four weeks to go.
It simply takes time. As others have said, it's not a difficult exam. That doesn't mean that it's not easy to fail. Preparation is key. You don't need to be a good test taker, you just need to put in the time that is necessary for you. For some, they skip the book and pound out practice exams until test day and do fine. Others read the book once as a refresher, take the exam, and pass. You do what works for you. If you're not retaining information, you're not studying in the right environment or you're not studying enough. Realize that you don't want to half-ass it the first time as you'll just end up having to study again and harder, meaning the first go was essentially a waste of your time.
I suggest Kaplan as well, if you get anything get the actual exam book and don't bother with the class notes. The class notes are best used if you're taking a Kaplan taught class in addition to your self study. The class notes don't hit on all the details you need to pass the exam. For the practice exams, get yourself scoring a 10% margin consistently and you will do fine. On the areas you're doing poorly in, go back, reread and take quizzes based solely on that section until you feel confident. Lastly, you also need to understand every unit is not equally important, don't waste your time getting hung up on something unless it's in a heavily tested portion.
If you really want the job, you'll pass. Good luck.
Selling Kaplan Series 7 materials at a big discount. If you follow the study plan, you should nail the exam.
Inbox me prices.
Just sent you a PM
Have an IQ above 70, you should be fine.
Question to those who have taken Series 7 (Originally Posted: 06/22/2014)
So I am using STC and within the last two weeks I also have added Qs from Kaplan's Q Bank into my prep. Scoring high 80s and 90s range on all 13 STC tests, and struggling a bit more with Q-Bank. Took an updated version of an STC test with questions I never saw before and got a 78. How ready am I for this thing and how difficult is the real test in comparison to the STC and Q-Bank questions. I've heard everything from "the test questions are way harder on the real 7" to "I couldn't believe how much easier real test was, questions were laughable at times." Got my Greenlight coming up soon and hearing some more perspective will help me sleep good.
Anyone??
You should use empire stockbroker online tests. I used them and got an 84 on the 7. Empirestockbroker.com
Selling STC Series 7 Book and Practice Exams (Originally Posted: 10/17/2017)
Luckily passed my Series 7 this past Saturday and am looking to offload my STC book and access to the online STC practice exams which I have access to until 4/25/2018. FYI the book is highlighted throughout so if you want to highlight yourself you may want to buy a different color...
I live and work in NYC so I'd prefer to sell to someone local but happy to ship as well. Looking for roughly $175-200 but willing to negotiate (Paid $395 originally)
EmergingMarkets08, bummer your thread hasn't had a response yet. Maybe one of these threads could point you in the right direction:
More suggestions...
Fingers crossed that one of those helps you.
Series 7... is doing the practice exams enough? (Originally Posted: 05/11/2016)
I know this has been beaten to death but I wanted to get a more updated response from some of you guys who have recently taken the exam. I will be working for a boutique after graduation and will need to take the 7, 63, and 79 over the summer and into next fall.
Will taking the practice exams over and over again be sufficient? Or should I read through the entire textbook while taking notes, etc... I heard the exam is not hard at all but I want to make sure I nail this.
Any advice is appreciated.
How many exams do you have? Two exams won't cover enough breadth and will leave dangerous gaps. I would shoot for 8-10 exams if you are going that route, and make sure you read the explanations and don't just memorize the answers (the exam questions are longer and sometimes asked in strange ways). Personally I read the book, but you don't have to if you don't want to.
Read the book. Take notes and highlight the book. Do all the questions. Skim the Book. Take the Exams. Review all the questions. Retake the exams. Review the questions. Take the exams for a third time. The 7 covers a shit ton of material. Being able pass requires knowing 5 different functional areas across 17 "Knowledge Statements" and 43 "Rule Sets" that are weighted 30/30/20/10/10. For example, Rule Set 26 only has two rules you need to know, while Rule Set 39 has ~60. Likewise, Knowledge Statement 4 has 9 Subsets while Knowledge Statement 13 has 6 Subsets that comprise of 32 separate functional areas. Yeah, that's a lot of info. Just read the damn book first.
Q Bank Series 7 (Originally Posted: 05/13/2016)
I am studying for the Series 7. I am using mostly Kaplans Q bank and I am currently getting high 60's on practice exams. How long did it take everyone to do in the high 70's/ 80's and how many exams were you doing a day? Thanks
Most of the people on this forum will have taken the 79, not the 7. For the 79, I used Knopman. After I read through the entire book, I scored in the low 70s on the test and then in the high 70s/low 80s on my second run through the tests. I cannot remember what I scored on the actual test, but I passed with flying colors.
Depending on how often you study, should take 1-2 months to get in the high-70's after you've done the reading. Could be quicker if you're studying a lot at work.
Series 7 License (Originally Posted: 11/20/2009)
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I thought you had to pass the 7 before the 63....I have both and to be honest it makes no sense to take the 63 before the 7 (if you can).
That's kind of bullshit that they won't sponsor you. I got sponsored by an IB that was going to possibly offer me a job (I got mine during UG).
Series 7 review notes (Originally Posted: 07/05/2011)
Anyone has any that I can borrow? Like a summary of the book or something. Please pm me.
pmd you
PM me too please.
UFO> Any chance you could PM me as well? Would greatly appreciate it.
Can you please PM me as well? Thanks!
me too pls. 3
Red Baron what company r u working for?
I've got a CD-ROM with a question bank and mock exams that I'm looking to unload
Didn't your guys' firms send you to a program?
My firm told me to ask you.
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