Failed the 79

Hi all - I failed the 79 about 2 days ago. It was my fault, I definitely underprepared and was way too overconfident going into it. There were a ton of regulations that I just hadn't memorized. Is my reputation in my group already done before I hit the desk? I feel like my whole group will think I'm an idiot. I can retake it in a month but it's just an awful feeling knowing I did this to myself. If anyone has any experience with this, pls lmk

EDIT: Thanks for the reassurance guys. It seems like I'll be fine - I'll just actually study a lot harder in a month lol

Comments (17)

Aug 13, 2021 - 8:01am

It happens. Just study more and get it done on the next attempt 

Money can purchase freedom, if you have the guts to buy it

  • Intern in IB - Gen
Aug 13, 2021 - 8:38am

Yeah shit happens. Honestly, thought I failed when I submitted my attempt and heard very similar amongst almost all my colleagues. Knopman Marks is great and all you really need to do is Qbanks. Good luck!

Aug 13, 2021 - 10:09am

I failed my first attempt and did not want to go back to work, but had to. Just hold your head high, one of the best bankers in my group failed his first time as well. Make sure to learn the concepts instead of taking so many practice tests. I also had a tutoring session- I didn't really get that much out of it concept wise, but I felt like it made my self-confidence increase. Definitely worth it to me. Just keep grinding away and learn the concepts

Most Helpful
Aug 13, 2021 - 10:37am

The same way the written exam covering laws and regulations you take to get a drivers license doesn't reflect your driving ability, the series exams don't reflect your abilities/potential as a banker. It sucks not to pass but don't sweat it. I guarantee you're much more concerned about it than people in your group are.

Aug 13, 2021 - 11:11am

What did you do after you failed? Could you just not let your team know you failed and retake it in a month

  • Analyst 2 in IB - Cov
Aug 13, 2021 - 11:13am

People may give you shit for a day, but then after that nobody cares. As long as you pass on the retake there won't be any issues.

  • Analyst 2 in IB - Cov
Aug 13, 2021 - 12:53pm

Take this as a lesson that this isn't school anymore and you need to treat things more seriously or you won't last long. I would tell as few people as possible and re-take it as soon as you are allowed. The Series exams are tough in that nobody cares or thinks better of you if you pass - it's expected, but if you fail, it's not a great start. your first 6 months on the desk are your reputation for the rest of your analyst stint. Put your head down and grind extra hard if you want to make it right.

  • Associate 3 in IB-M&A
Aug 15, 2021 - 5:31pm

They give you 3 attempts before you have to wait 6 months (most BBs have a deadline of 6 months), so OP can likely fail 1 more time. Don't though

Aug 13, 2021 - 9:07pm

I wouldn't tell anyone in the group except your boss and compliance/HR. Nobody is going to think better of you for failing. They will either not care, or think you're dumb/underprepared. One chick failed the 63 in our group and told everyone. Now lots of people think she's not solid enough. 

  • Incoming Analyst in IB - Gen
Aug 15, 2021 - 7:22pm

You'll be fine. I wouldn't broadcast the fact that you failed. However, I do know that Knopman was sending the diagnostic and benchmark scores to my bank. Hopefully you did those and did the 500-800 recommended questions because otherwise you'll have a reputation of not listening, not being able to follow directions, and being overconfident.

  • Analyst 1 in IB - Cov
Aug 15, 2021 - 8:37pm

I actually failed last year and it was the best thing that could have happened to me. While my friends immediately were thrown on deals, I got a one month vacation of bullshit intro decks for MDs. I equated it to starting the job a month later, which means I'll burn out one month later.

  • Intern in IB - Gen
Aug 16, 2021 - 4:07pm

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