So leave some time to breath and just think. It can be difficult if you do not study. I'd do 4-5 tests and skim the book. The test isn't too difficult and if you study you should be fine. I've heard fail rates are higher on the 63 than the 7 for this very reason (underestimating the test), but I could be totally wrong here as I have no supporting stats. Is hooking up with a Co-Worker EVER worth it? A lot of it is common sense. The goal is to pass. Huge waste of money?? No, you either didn't put in the time or studied the wrong material. by niceguy0914. Taking it later today so I'm cramming as much as I can. I used Kaplan for the 7 but heard they are no good for the 63. Am I doing something wrong? I can personally tell you that as a banker that just strikes me as odd and doesn't signal any additional value on your resume. My question is how difficult do you think it will be for him this time around? ? A class WOULD be a huge waste of money. The Series 63 is hard? Compensation is not commensurate with education. The 63 is honestly a joke. I have my s.24/s.7/s.65 was making high 80s on the practice exams from STC and on the investopedia site. 11 thoughts to get you started, Suck it up: 8 Steps to Getting through 100+ Hour Weeks as an IB Analyst, Podcast: TE140: Doug Foley The Breakout Blueprint - 11/24, Podcast: E141: Chris Hutchins (Wealthfront) - Automating your financial life - 12/8, Podcast: E143: Eoghan McCabe (Intercom) - Insecurities and ego in business - 12/22, Podcast: E144: Kate Miller (Miss Grass) - Building a cannabis brand - 1/5, Podcast: E145: Ross Richmond (Arrive Outdoor) - The future of the sharing economy - 1/19, Time - when doing practice exams make sure to time yourself, Vocabulary - while practicing it is important to look up any words you don't know, Complex question structure - when practicing watch out for the double negative structures, 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF, Elite instructors from top BB investment banks and private equity megafunds, Includes Company DB + Video Library Access (1 year). But I did it to both challenge myself mentally and to add to my resume. Pray for me now and at the hour of my death, which I hope is soon. (Originally Posted: 03/14/2013), i have been preparing for series 63 using kaplan for the past 2 weeks and have been able to score 80+ on practice tests . Here's how to make it through. Honestly, I am not trying to sound boastful, but I only spent two nights studying for the exam. My advice: let your husband do his thing. GL. This was the thinnest book of the series exams and the easiest. He is now getting back into the financial world and has to take this exam again. The test is notorious for tripping up people that just took the 79. Just do the 66 as the above guy recommended. At the FINRA 2019 annual conference, it was announced that from October 1, 2018 to March 31, 2019, 10,542 individuals sat for the exam, and the Series 7 pass rate for that period was 71 percent. Taking it on Saturday so I'll let you know how it goes. OP, study and you'll do fine. 1st Year Analyst in Investment Banking - Generalist">, How Much Money is Enough - Two Ways to Figure it Out. The right strategy is to read through it all once and take a practice test. While there is a no official pass / fail rate released, a previous study suggested that around 14% of candidates fail the exam on their first attempt. Also at an advance age, learning does not come as easy as it did many years ago. I have my 7, 66 and CRPC. EDIT: mixed up the 66 and the 63. WSO depends on everyone being able to pitch in when they know something. Now studying for my CFP. Walmart shopper, even though you wrote this review in 2014 you must have taken the Series 63 many years ago. Also I failed the 66 the first time. I overlooked what the insurance instructors were saying about hurrying to take it, and the office personnel the same thing. It really isn't even debatable. This is all based on the assumption that you are interested in banking, which if you aren't then that's totally fine, but then the whole exercise is pointless because the 63 won't make you any better off for wealth management than if you just showed up. if you know anything about the markets you will be fine. Good luck, Good advice above. In reply to Hahaha the 63 is laughable. ? I plan on one, maybe 2 nights of studying for the 63. 2 birds with 1 stone. It was a lot easier than I expected, mostly common sense. All Rights Reserved. With that in mind - our users shared their studying experiences: User @ai215", an asset management associate, shared their study method: User @SuccessfulEfforts", a private equity associate, noted that they: The WSO Series 7 is the only thing you need to study for and pass the FINRA Series 7. Probably not that difficult, considering he passed it before and will likely remember a lot of the material. 63 is a weeks worth of studying if that... can't speak to the others. Rather than taking the 63 and 65, why didn't you take the 66? 80s on SEC licensing exams are solid scores... Why are you even taking the 63 and who is sponsoring you to take it? I also did these two back to back. The 7 is a lot harder than the 66, but that really has to do with the length of the exam. Hahaha the 63 is laughable. Most bankers dread the licensing exams, not because of difficulty, but because of how arcane the test material is. A key difference in the SIE vs Series 7 is that the content goes much deeper for the Series 7. How are you taking this if you're not working? http://www.wallstreetutopia.com, "For I am a sinner in the hands of an angry God. When getting my bachelors degree, I was on the personal financial planning track which had me complete the education requirement. tons of people pass the 79 and fail the 63 because they underestimate it. I have my 7 and will be taking my 63 either end of the year or early next year. The time limit for the exam is 150 minutes. However, this improvement was just a few percentage points and factors in a 74 percent rate for the SIE alone. 63 is much more memorization, and the ethical questions really are that easy on the test. Full database access + industry reports: IB, PE, HF, Consulting, 25k Interviews, 39k Salaries, 11k Reviews, IB, PE, HF Data by Firm (+ more industries), All-access Pass: All Interview Courses & WSO Services. Certified Financial Planner Board of Standards, Inc. (CFP Board) owns the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, and the CFP® certification mark (with plaque design) logo in the United States, which it authorizes use of by individuals who successfully complete CFP Board’s initial and ongoing certification requirements. ? Hello I am looking to take the 63, what book would y'all recommend reading? Press J to jump to the feed. New comments cannot be posted and votes cannot be cast. It mainly covers the USA, uniform securities act, blue sky laws, and several other forms of intrastate securities law.
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