Another series 7 question

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23456's picture
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Joined: 2007-06-24

I have the exam next week.  I was wondering how different it will be than the STC practice exams.  Will the questions be similar in structure and difficulty?  I'm consistently scoring in the high 80's on the practices, but I'm not feeling too great about the real exam!

FreeLunch's picture
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Joined: 2007-06-16

It will be the same frieking thing.  I was scoring in the high 80s too - was nervous about the exam, but finished in an hour and a half with a score of 85.
It's the exact same thing as the STC practice exam - you'll be fine, just read the questions carefully.
good Luck
 

12345's picture
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Joined: 2006-12-04

Freelunch is exactly right, its not that difficult. I was scoring low 80's on both the Kaplan and STC and ended up with a 94 in an hour and a half. The best advice I received on here as well as in the office was to take the day before the test off and go do something you enjoy like playing golf and then go and get yourself a good dinner. Be relaxed and you'll do fine.

FreeLunch's picture
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Joined: 2007-06-16

Now I thought the 66 was real tough.  Don't take that one lightly

bondo's picture
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Joined: 2007-04-15

FreeLunch wrote:Now I thought the 66 was real tough.  Don't take that one lightly
I am one of the few people who thought the 66 was much easier than the 7. 
The advice is correct about taking the day off before.  You are scoring fine so don't worry.

troll's picture
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Joined: 2004-11-29

23456 wrote:I have the exam next week.  I was wondering how different it will be than the STC practice exams.  Will the questions be similar in structure and difficulty?  I'm consistently scoring in the high 80's on the practices, but I'm not feeling too great about the real exam!
It's all essay questions. THey provide the blue book.

23456's picture
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Joined: 2007-06-24

Great, thanks everyone. I'm really looking forward to production; just have to get through these exams first! I can't wait to start building up the book. Good luck everyone.

FreeLunch's picture
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Joined: 2007-06-16

The test is the easy part.

troll's picture
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Joined: 2004-11-29

FreeLunch wrote:The test is the easy part.So true!

23456's picture
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Joined: 2007-06-24

joedabrkr wrote:
FreeLunch wrote:The test is the easy part.So true!Haha.  I'm aware of that; and I also realize the difficulties I will be facing with my age (very young).  I'm not too worried, as I feel extremely prepared.  Anything charts in particular I should commit to memory?  I only write down all of the different options charts

unc2006's picture
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Joined: 2007-06-19

23456 wrote:
joedabrkr wrote:
FreeLunch wrote:The test is the easy part.So true!Haha.  I'm aware of that; and I also realize the difficulties I will be facing with my age (very young).  I'm not too worried, as I feel extremely prepared.  Anything charts in particular I should commit to memory?  I only write down all of the different options chartsIf you really think about the option chart, you can apply that strategy to other areas of the S7.  Try to tie it all together.You might want to know the premium/par/discount chart for yields on bonds if its hard for you to keep that straight.Other than that, if you've taken a few practice exams, and hit in the mid 80s, you'll ace it.

23456's picture
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Joined: 2007-06-24

Thanks for the advice.  Yeah, I have the options chart memorized, the premium/par/discount yield thing, most of the equations, and a few little things memorized.  I just don't know what to expect.  They hired a trainee that passed the exam recently and he's telling me that nothing on the series 7 was what he studied and that it was all new stuff.  Guess he's trying to psych me out.  haha.

23456's picture
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Joined: 2007-06-24

I have all the margin equations memorized, but I always seem to score high  70's low 80's on those.  Pisses me off

BullBroker's picture
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Joined: 2006-12-26

Know all of the Muni-bond; regulations, and how to use them.  I didn't have that much on options when I took it.  Seems like people really study up on options and no one ever has that many questions on them. 

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