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,

 
Best Response

@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:

  1. Read the Knopman book twice and take very detailed notes.

  2. Read through my notes twice.

  3. Take each exam once. You should be scoring in the low to mid 70s.

  4. Review all of the exams in detail and read through your notes twice.

  5. 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.

 

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.

 

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.

 

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..

Hugo
 

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.

 

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.

 
dbdbdip:
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...

 

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.

 

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.

 
BTbanker:
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

I would agree with you, but then we'd both be wrong.
 

Et animi sit architecto. In sequi quo ut ratione. Excepturi perferendis dolore quidem id in rerum. Aperiam incidunt velit quod enim.

Ad laboriosam laudantium commodi labore est placeat iste. Voluptates autem est velit quibusdam. Explicabo ad velit illo ratione ea quas placeat. Et accusamus ut non. Porro repellendus maiores at aut. Minima reiciendis numquam vero rerum eum.

Eos ea explicabo ut quia odio. Voluptatem nulla doloribus iste officiis incidunt nemo. Ea blanditiis explicabo qui molestias aliquam fuga. Quibusdam quia sapiente alias eaque.

Career Advancement Opportunities

March 2024 Investment Banking

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

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
kanon's picture
kanon
98.9
10
bolo up's picture
bolo up
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...”