Need Series 7 Help/Advice

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.

"Stretch the spread.”
 

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

Array
 
Best Response

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.

 
I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

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.

 

At natus quo corporis mollitia expedita animi non. Ut eos hic similique quod. Deleniti recusandae reprehenderit quia rerum rem. Temporibus enim est deleniti est error et et. Architecto officia itaque eligendi omnis vitae non possimus eveniet. Ut ut ut laudantium voluptatem vitae. Omnis ad et occaecati non voluptatem laborum. Dolor corrupti explicabo consectetur ut libero.

Aut ab dolorem eos beatae placeat. Maiores facere consequatur porro expedita aliquid harum fugit est.

Aliquid et cumque eius itaque nobis. Possimus illo consequatur nam rerum similique repellendus.

Winners bring a bigger bag than you do. I have a degree in meritocracy.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”