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What classes in college should I take to help prepare for this exam?
I don't believe there's anything in college that would specifically prepare you for that exam. There may be some topics covered in some business/investment classes such as options, bond valuation, etc...but it would be such a small component of the class overall.
There's plenty of test-prep books out there (Kaplan, etc) that are geared specifically to the 7.
Also, you need a firm to carry your license once you get it...are they not giving you any guidance as to how to prepare?
From my experience, test prep books and classes can't possibly teach the average person enough information to past this exam. It seems that someone would need a bachelors in finance to be able to pass the series 7. Which is why I'm asking what college courses in finance would be most helpful in passing the exam.
The test prep book is enough to pass the exam. It was for me.
You just have to do a lot of the practice exams included with the book. Options are a huge component...you really can't pass without doing well on that section.
Like I said earlier, some of the information will also be in finance classes...but with too much extraneous information as well and it would be difficult to differentiate between what's on the exam and what's just part of the finance course.
Probably not, you'll need the sponsor you and you'll purchase the study guide(s). It is easy. it is (at least was when I took it, 70%, pass/fail). You get plenty of time if you study - basically, memorization. I self-studied, passed w/no problem on first try. Same w/ Series 6. Too bad there isn't more emphasis on self-regulation (e.g. moral and ethical issues- another thread, I'm sure). Good luck!
Probably not, you'll need the sponsor you and you'll purchase the study guide(s). It is easy. it is (at least was when I took it, 70%, pass/fail). You get plenty of time if you study - basically, memorization. I self-studied, passed w/no problem on first try. Same w/ Series 6. Too bad there isn't more emphasis on self-regulation (e.g. moral and ethical issues- another thread, I'm sure). Good luck!
This is what I did also. Got the manuals, CDs and studied every night. Looked up the questions I missed to learn why I missed them. Try to learn and undersatnd the material. Passed all of them (except for CFP) on the 1st try.
Hey, if I could pass the Series 7 and 66, anyone can do it! None of it was intuitive, and I threw the manual across the room more than once. I also wore out several highlighters over the course of several months of studying. I would recommend STC's study material; it was well organized and concise.
By the way, I failed both tests the first time I took them, but because I wasn't in a financial advisor position, I was allowed to take them again. (There are benefits to being an assistant!) I was overjoyed when I finally passed; I felt like I had my life back!
No, I don't think they would help. The Series 7 is very specific. You'll learn about underwriting, bonds, options, stocks, mutual funds, margin, etc. I think the courses you're talking about will give a very broad view. There are lots of companies that have Series 7 study material, including the practice exams, which are extremely valuable; you should go with one of those. And because they tweak the test questions every year or two, make sure you find a reputable company with the most up to date information. The last thing you want to do is study for the wrong answers!
Also, you have six hours to take it - three hours, a half hour break, and then three more hours. It's not a quick test. The questions are set up to trick you unless you read them very carefully. Sometimes more than one answer will work, so you have to pick the best choice.
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