How to Study for the Series 7 Exam: 5 Ways to Prepare - ExamFX (2024)

For over two decades,ExamFXhas helped millions of insurance and securities professionals pass challenging licensing exams. We have added immense value to the marketplace, all the while making it ”push button” easy for you. These are just a few reasons why we are considered the industry leader in online exam preparation.

How to Study for the Series 7 Exam: 5 Ways to Prepare - ExamFX (1)

We know passing the Series 7 General Securities Representative Exam is important to you. Reaching your career goals in the financial services industry depends on achieving a passing score. The good news is that ExamFX is here to support you - rest assured, your success starts here.

Here are 5 essential study tips to help you pass the challenging Series 7 exam.

1. Make a Plan & Set Goals

Mastering the material for the Series 7 exam can seem a bit overwhelming, but it doesn’t have to be. Before you jump into your studies, read throughFINRA’s Series 7 Exam Content Outline for a list of concepts you will need to know.

Once you have a firm grasp of what is covered on the exam, you can set study goals. All ExamFX courses include a Virtual Study Calendar, which will help you create a personalized study plan. A well-thought-out plan with realistic goals makes test prep less stressful and passing more likely.

2. Get Into a Routine

Developing good study habits is critical to passing theGeneral Securities Representatives Exam. Block time on your calendar and commit to your study plan. Set a schedule and stick to it!

Sometimes it is hard to get started, but once you begin, it will quickly become routine. Following your schedule will keep you on track to pass your exam.

3. Practice Self-Care

Avoid burn out before you burn out! To be at the top of your game you need to take care of yourself. Be sure to build break times into your study plan.

The best way to study is in relatively short intervals. Some experts advise working in short 20-minute blocks, while others recommend 30 to 45 minutes. Set your schedule based on your personal learning preference, but don’t neglect your mental or physical health.

4. Check Your Progress With Practice Exams

Testing regularly throughout your studies is an excellent way to measure your progress and identify problem areas. Through the industry-leading Series 7 exam prep course – ExamFX offers quizzes after each chapter to help candidates gauge their understanding of the material. Don’t skip them!

Our practice exams are designed to predict success on qualification exams. They are an integral part of our online learning program. Our securities courses include three tiers of practice exams: Simulate Your Exam, Readiness Exam, and Guarantee Exam.

ExamFX is so confident in our training program that we guarantee users who successfully complete pass their qualification exam on their first attempt!

5. Prepare for Exam Day

Work with your sponsoring FINRA member firm to schedule your exam well in advance. Choose the date, time, and location that is most convenient for you.

Don’t “cram” the night before. A good night’s sleep will do more for you than studying late into the night.

Plan on arriving at the test center early. Anything you can do to reduce stress on exam day will help you perform your best.

Be ready. Be on time. Be successful.

Our Best Piece of Advice Is To Prepare with ExamFX

For over two decades, ExamFX has been the industry leader in online licensing training. That is why Investopedia* recently rated multiple ExamFX securities courses as Best Overall, Most Comprehensive, and Best Value among competitors.

Thousands of professionals working in the financial services industry today started their careers by training with us.

At ExamFX, our goal is the same as your goal – for you to pass your exam on the first attempt. Your success starts here. Ready to begin? 

Visit us to learn more and enroll. 

*Investopedia is a financial and investor education resource website.

How to Study for the Series 7 Exam: 5 Ways to Prepare - ExamFX (2024)

FAQs

How to Study for the Series 7 Exam: 5 Ways to Prepare - ExamFX? ›

The Series 7 exam is often considered the most difficult securities licensing exam. But, if you prepare properly and utilize an online learning tool like ExamFX's Series 7 course, you can approach the test with confidence and earn your Series 7 registration.

Is ExamFX good for Series 7? ›

The Series 7 exam is often considered the most difficult securities licensing exam. But, if you prepare properly and utilize an online learning tool like ExamFX's Series 7 course, you can approach the test with confidence and earn your Series 7 registration.

What is the best way to study for the Series 7? ›

For most candidates, the combination of reading the textbook, watching the Series 7 video class and taking as many practice questions are possible proves to be sufficient to successfully complete the Series 7 exam. It is recommended that the individual spend 60 to 70 hours preparing for the exam.

How many hours should I study for the Series 7 exam? ›

When preparing to take the Series 7 exam, you should plan to study for 80-90 hours. Typically, candidates study over the course of 4-6 weeks. The time you need to spend preparing for the exam varies depending on your familiarity with the material.

Is Series 7 difficult? ›

The Series 7 exam is challenging, but it's not impossible. It may actually be easier than you expect – as long as you dedicate time to learning the concepts. Knowing which concepts to focus on is half the battle, which is why it's important to enroll in a Series 7 exam prep course.

What is the pass rate for ExamFX? ›

With a 93% pass rate by ExamFX students and a money-back Guarantee Exam included in every package, ExamFX is a highly-rated course.

Is Series 7 the hardest exam? ›

So, how hard is the Series 7 Exam? The Series 7 exam is often considered the most difficult securities licensing exam. But, the answer is up to you. If you prepare properly and utilize an online learning tool like ExamFX's Series 7 course, you can approach the test with confidence and earn your Series 7 registration.

How many people pass Series 7 first try? ›

It is said that roughly 3 out of 10 applicants will fail the Series 7 exam on their first attempt. This would put the Series 7 pass rate at around 70% first time.

Can you study for the Series 7 in 2 weeks? ›

Studying for the Series 7: How to Prepare

Most financial institutions will provide new hires with Series 7 study materials and will encourage them to allocate about 1 week of dedicated study time.

Can you pass the Series 7 without reading the book? ›

No, it is not possible to obtain a Series 7 license without studying the material. The Series 7 license is a professional certification for financial professionals who wish to become licensed stockbrokers or general securities representatives.

What is the Series 7 pass rate? ›

The Series 7 license pass rate is around 65%. How hard is it to pass Series 7? Yes. The test is difficult, so you need to make sure you are fully prepared before you take it.

Can you study for the Series 7 in a week? ›

On average, people pass their Series 7 with Achievable spending 40-60 hours total over 4-8 weeks. So, it's definitely possible to pass the exam in a month if you spend 2-3 hours studying each day!

Is there a lot of math on the Series 7 exam? ›

How Many Math Questions Are on the Series 7 Exam? There are typically less than 10 math questions on the exam, but they will likely be detailed and require multiple steps. A math question may also incorporate suitability.

How many people fail the Series 7? ›

There are over 40,000 people every year who take the Financial Industry Regulatory Authority's Series 7 examination, with only two-thirds passing.

Which is harder CPA or Series 7? ›

Having taken and passed both, I can say that without a doubt the CPA exam is more difficult, and for one primary reason… breadth of subject matter. The Series 7 is 3 hours and 45 minutes, is comprised of 125 questions, and has a pass rate of approximately 70%.

Is the Series 7 harder than the bar exam? ›

The Series 7 and the bar exam are both known for their difficulty. You can't really compare the two because of the differences in content and purpose. Both exams require dedicated study and preparation.

What is the pass rate for Series 7 top-off exam? ›

The Series 7 license pass rate is around 65%. How hard is it to pass Series 7? Yes. The test is difficult, so you need to make sure you are fully prepared before you take it.

Is Series 7 easier than CFA? ›

For attempting a Series 7 exam, an individual must be sponsored by a FINRA member firm and a prerequisite to appear for several other FINRA exams. Acquiring a Series 7 license is not as complicated as earning a CFA Charter, with the latter representing much-advanced knowledge and capabilities in the financial domain.

What is the pass rate for the Series 7? ›

The Series 7 exam is considered to be of medium to hard difficulty. The Series 7 exam pass rate is 71%. Candidates must correctly answer 90 of 125 questions to achieve a passing score of 72%.

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