The Series 7 Test requires many hours of study. It is common to spend between 220-240 hours studying for the Series 7 Test. There are many ways to prepare for the Series 7 Test. One way is to take a Series 7 Test preparation course. There are also online courses available.
If you are the kind of person who prefers self-study, there are many printed materials available as well as software and video test preparation materials.
- These classes and materials can give you practice exam questions as well as specific details of the subject matter for which you must demonstrate mastery. They also offer valuable test taking strategies.
- FINRA also offers a complete content outline of the Series 7 Test that is useful for studying.
The Series 7 Test covers a broad range of topics.
- For example, some of the Series 7 test topics include general economic theory, the business cycle, and the regulations and rules of the Securities and Exchange Commission.
- You will also need to have a good grasp of the stock market, interest rates and the affects they have on the stock market, along with ethics and insider trading regulations.
It is important to understand government securities, corporate and municipal bonds, indexes, options, mutual funds. You should have knowledge about the proper way to gain customers and handle their accounts as well as the fiduciary responsibilities one has as a broker or dealer. These are just a few of the many topics tested in the Series 7 Test.
The important thing to do is to choose a way to study that suits your individual learning style and needs as you think of your time schedule. Make sure that when you take the Series 7 Test, you are as prepared as you can be.