Series 7 Pass Rate - How hard is the FINRA Series 7 Exam? (2024)

FAQs

How hard is the Series 7 pass rate? ›

The Financial Industry Regulatory Authority (FINRA) does not report on a Series 7 exam pass rate, but the Series 7 pass rate is estimated to be around 65%. With 3 hours and 45 minutes to complete 125 questions at a required score of 72%, the Series 7 exam doesn't offer a large margin for error.

The Series 7 exam has approximately a 70% pass rate.

You will have 3 hours and 45 minutes to complete the exam and must correctly answer 72% (90 questions) of the 125 scorable questions to pass. The Series 7 exam, like other FINRA exams, is presented in a bell curve.

To pass the exam, you need to get at least 72% of the questions correct.

Conclusion. With a passing rate of 65%, you'll want to increase your chances by studying as early and often as you possibly can. It's worth investing in Series 7 study materials, and most students pass their Series 7 the first time that study with exam prep courses.

For most registered representatives and investment adviser representatives, the Series 66 and Series 7 exams are the hardest required exams.

Series 7 Questions About Options

Although this exam covers a broad array of financial topics, questions about options tend to be the most challenging.

Is the Series 7 exam 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.

How Long To Study For Series 7 Licensing: Recommended Study Time To Pass Your Series 7 Exam: You should plan to spend between 100-150 hours in preparing for both the SIE and Top-Off exams.

How many times can you fail the Series 7? ›

The Financial Industry Regulatory Authority (FINRA) administers the exam. The organization has not placed any limits on the number of times you can attempt to pass the Series 7 exam, and there is no specific education required to take the exam.

For exams taken at the test center, you will see your results on the computer and receive a printed copy of your pass/fail report immediately after you finish the exam. Candidates must wait 30 days after a first failed exam attempt and 30 days after a second failed attempt before retaking the exam.

Know the Words, Not the Numbers. On the FINRA Series 7 Exam, you can expect addition, subtraction, multiplication, and division. For almost everyone that we encounter, it's not the math that is the problem. Ultimately it's deciphering what formulas to use, and what math to apply given the wording of the question.

As a result, the Series 66 exam is considered by most to be an easier test. Like the Series 65 exam, it qualifies the individual to act as an IAR and fulfills the requirements for state registration. There are exam fees for these exams that must be paid before taking them.

What Is the Pass Rate of the Series 7 Exam? Though FINRA doesn't publish a pass rate for the Series 7 exams, it is widely accepted to be around 65%.

Is the Series 7 exam 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.

NASAA assembled a committee of securities industry experts to avoid overlap with the Series 7 exam. This helped eliminated duplicate questions between the two tests. As a result, the Series 66 exam is considered by most to be an easier test.