Ultimate Guide to Preparing for Series 63 and Series 79 Exams

Preparing for the Series 63 and Series 79 exams requires a structured approach due to the diverse topics they cover in the securities industry. Both exams are designed to test your knowledge of key securities regulations and practices. To help you pass with flying colors, this article will guide you through effective preparation strategies.

Series 63 Exam Preparation

The Series 63 exam, a 60-question multiple-choice test, is a key requirement for individuals seeking to become securities agents or representatives. Here’s how to approach your Series 63 exam preparation effectively:

Understanding the Exam Structure

Consists of 60 multiple-choice questions Pass mark is 72%

Study Materials

Use FINRA-approved study guides and materials such as Kaplan Wiley or ExamFX Focus on key areas: state securities regulations, ethical practices, and broker-dealer responsibilities

Create a Study Schedule

Allocate specific times each week for studying Break down the material into manageable sections and set milestones

Practice Questions

Take practice exams to familiarize yourself with the question format and timing Review explanations for both correct and incorrect answers

Join Study Groups

Consider joining study groups or forums to discuss challenging concepts and share resources

Series 79 Exam Preparation

The Series 79 exam, a 175-question multiple-choice test, is a more advanced examination that covers investment banking, mergers and acquisitions, public offerings, and financial analysis. Here’s how to prepare for the Series 79 effectively:

Understand the Exam Structure

Consists of 175 multiple-choice questions Pass mark is 73%

Focus on Key Topics

Cover investment banking including valuation methods, regulatory requirements, and the role of underwriters

Study Materials

Utilize study guides from reputable providers such as Kaplan Wiley, Bloomberg Exam Prep, or Chestnut Hill Consider using online courses or webinars for interactive learning

Practice Problems

Work through practice questions and full-length practice exams to build confidence Analyze case studies to apply theoretical knowledge to practical scenarios

Time Management

Practice managing your time during exams as the Series 79 is lengthy Simulate exam conditions by timing yourself while taking practice tests

Review and Revise

Regularly review and revise key concepts to reinforce your memory Focused on areas where you feel less confident

General Tips

Stay Informed

Keep current with real-world financial news and trends to enrich your understanding

Healthy Study Habits

Eat well, exercise, and get enough sleep to maintain focus and retention

Exam Day Preparation

Familiarize yourself with the exam location, materials allowed, and the check-in process to reduce anxiety on the day of the exam

By following these steps and maintaining a disciplined study routine, you can maximize your chances of success on both the Series 63 and Series 79 exams. Good luck with your preparation!