Why should I take the Series 7 exam?

The Series 7 General Securities Representative Exam is your professional gateway to the broader financial services industry. Candidates who pass this exam are qualified to solicit, purchase, or sell all financial securities products, such as stocks, bonds, exchange-traded funds (ETFs), and municipal securities.

What happens when you pass Series 7?

Passing the Series 7 exam allows the stockbroker to trade a variety of securities, except commodities and futures. Specifically, candidates who pass the Series 7 can trade stocks, mutual funds, options, municipal securities, and variable contracts.

Can I get a job with just a Series 7?

A Series 7 license can be the launching point for many careers in financial services. You could start as a registered representative, an entry-level position, then work your way up to being a personal financial advisor who helps people create financial plans.

Does Series 7 expire?

Also known as the General Securities Registered Representative license, the Series 7 license is administered by FINRA. It only expires if you are terminated or leave a firm and do not find employment within two years at another FINRA-member firm or SRO. You do have to maintain it with continuing education, however.

How hard is Series 7 exam?

Is the Series 7 Exam Difficult? Clocking in at 125 questions to be answered in three hours and 45 minutes, the Series 7 exam is considered the most difficult of all the securities licensing exams. The minimum passing score is 72, which may not seem that difficult.

What is the Series 7 pass rate?

around 65\%
On average, the pass rate for the Series 7 exam is around 65\%. Comparatively, about 86\% of candidates pass the Series 63 on their first attempt.

Is the new Series 7 harder?

The key to success for any candidate studying for the FINRA General Securities Representative Exam (Series 7) is strong preparation. The Series 7 is a challenging exam; the level of difficulty of the exam will depend on your current knowledge, previous work experience, and how well you prepare.

What are the requirements for Series 7?

There are no educational or citizenship requirements to sit for the Series 7 exam; there is an age requirement where you must be of “legal age” and this is established by each state — generally being 18 years.

How long is the series 7 test?

The Series 7 is a three hour and forty five minute exam. It is held in one four-hour session. There are 125 questions on the test. Candidates have to score at least 72 percent to pass.

What are the requirements for a series 7 license?

Series 7 and 63 licensing requirements are as follows: Series 7: This license is for individuals who want to sell all securities products including, but not limited to, corporate and municipal securities, options, investment company products and variable contracts.

What is series 7 securities exam?

The Series 7 is an exam and license that entitles the holder to sell all types of securities products with the exception of commodities and futures. Known formally as the General Securities Registered Representative Exam (GSRE), the Series 7 exam and its licensing is administered by the Financial Industry Regulatory Authority (FINRA).