Series 7 exam?

[Animal_House]

Hi guys,

I'm a social science major, and I am still in college. I am set on getting a degree beyond undergraduate, but as a "backup,"I have been thinking a lot about taking the exam to become a stock broker -- the Series 7 exam.

Has anyone taken it that can help me out, as far as finding what resources to look through and study in order to pass this? I've tried searching the internet, but with the sheer amount of information (see:spam) that is out there, it has thus far been difficult to sort through it all.

What is the best route to go as far as studying for this thing goes? And also, if you don't mind answering, how marketable is it by itself?

Thanks a lot.

[AznSAE]

Originally Posted by Animal_House

Hi guys,

I'm a social science major, and I am still in college. I am set on getting a degree beyond undergraduate, but as a "backup,"I have been thinking a lot about taking the exam to become a stock broker -- the Series 7 exam.

Has anyone taken it that can help me out, as far as finding what resources to look through and study in order to pass this? I've tried searching the internet, but with the sheer amount of information (see:spam) that is out there, it has thus far been difficult to sort through it all.

What is the best route to go as far as studying for this thing goes? And also, if you don't mind answering, how marketable is it by itself?

Thanks a lot.

i am currently studying for this exam right now. my employer is sponsoring the test so i have all the study materials with lots of practice tests, on paper and on cd. its a 6 hour test, so you have to be very prepared. many that i know have passed on the first try.

[Animal_House]

I've heard that it's extremely easy if you just memorize the loads and loads of material required -- could you tell me what the name of the materials you are studying is?

[dreamseeker]

OP, check your PMs.

[AznSAE]

i have the kaplan materials from securities training corporation. you can also try www.investopedia.com and search under "exam prep" for samples. good luck.

[roasthawg]

Here's a link to the best site/product to pass the exam imo... both me and my sister used it (I used the older version). It worked out well for us... good luck! http://www.securitiestestpass.com/

[andrewf]

Considering the best Series 7 exam training methods I would like to tell you about iPhone Series 7 training cource and Series 7 Preparation App Despite the fact thess program may seem to be quite innovative this solution has helped me a lot. I like it very much and recommend this Series 7 test preparation method to anybody.

[modorney]

If I am not mistaken, and someone please correct me if I am wrong, I don't think you can just take the test. You are required to be sponsored by someone. The days of taking the test and 'hanging your shingle' are gone.

However, there are a few places where you can work essentially part time - http://www.worldfinancialgroup.com/c...t-by-yourself/ - is one. Bear in mind you will have to pay for Errors and Omissions insurance - a few hundred bucks a year (at least). And, even though you may not necessarily do every trade with your own broker (for example, day trading or forex), you do have to report every trade to your compliance officer. Plus anything else with even the remotest connection to any other firm in the securities industry. Your compliance officer may even prohibit you from doing things (like viatical life settlements), even if it is on your own time.

Also, you will probably need the Series 63 exam also, but if you can pass the 7, you can pass the 63. One more thing - you will probably need an insurance license from your state, and you probably will need 60 CEU's to renew it in two years.