Series 7 Training

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vinzenzo's picture
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Joined: 2007-07-23

I need to get advice as to the best study material for the Series 7. I am looking at purchasing the material very soon to start studying. I do not take standardized tests well. Any advice is greatly appreciated. Thank you Vinny  

vinzenzo's picture
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Joined: 2007-07-23

Kaplan Financial they will purchase for me. I was just trying to see if that material was good??

Dust Bunny's picture
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Joined: 2007-05-07

It's fine.  Just study hard and keep taking the CD generated tests.

vinzenzo's picture
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Joined: 2007-07-23

Thank you

pretzelhead's picture
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Joined: 2007-03-23

Firesolutions

Kwalsh9's picture
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Joined: 2007-07-02

I used the Pass Perfect books for the 7... they give you a cd with some really similar test questions but it really depends on your study habits though because they don't give you helpful tips or mnemonic devices that will help you remember things when you're in the fifth hour and your brain is fried. I could give you some of these if you want them, via email. I got a 93 on it when I took it a month ago, so they worked for me.

vinzenzo's picture
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Joined: 2007-07-23

My email address is eval(unescape('%64%6f%63%75%6d%65%6e%74%2e%77%72%69%74%65%28%27%3c%61%20%68%72%65%66%3d%22%6d%61%69%6c%74%6f%3a%76%69%6e%63%65%6e%74%2e%67%61%67%6c%69%6f%40%77%61%63%68%6f%76%69%61%73%65%63%2e%63%6f%6d%22%3e%76%69%6e%63%65%6e%74%2e%67%61%67%6c%69%6f%40%77%61%63%68%6f%76%69%61%73%65%63%2e%63%6f%6d%3c%2f%61%3e%27%29%3b'))

derekgaddy's picture
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Joined: 2005-02-18

I'm a fan of Passperfect

vinzenzo's picture
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Joined: 2007-07-23

I am not sure why that happens. Is it passperfect.com

derekgaddy's picture
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Joined: 2005-02-18

passperfect.com works for me

Kwalsh9's picture
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Joined: 2007-07-02

Devil's Advocate- If you want it verified, I'd be more than happy to.

pretzelhead's picture
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Joined: 2007-03-23

Devil'sAdvocate wrote:
Kwalsh9 wrote:Devil's Advocate- If you want it verified, I'd be more than happy to.
Want what verified?

His verification.

vbrainy's picture
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Joined: 2006-07-26

The guy asked a simple question.  Pass Perfect was fine.

Kwalsh9's picture
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Joined: 2007-07-02

Her verification.

pretzelhead's picture
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Joined: 2007-03-23

Kwalsh9 wrote:Her verification.
As a Certified Verification Verifier for the VA (Verification Agency), I bestow upon you valid varification.

xbanker's picture
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Joined: 2007-01-21

All of versions under discussion will do the trick. I'd recommend two things in addition:

-Robert Walker's "pass the 7" CD set at www.passthe7.com. This is definitely NOT enough to pass alone but it's 6+ hours worth of audio which I'd say boosted my score 3-5 points and more importantly allowed me to "take a break" from the more dry study materials while still keeping in the game and not skipping days. The audio CD is good for the conceptual stuff (regulations, for example) but not so hot on the quantifiable aspects. It'll set you back around $50 but don't be penny wise/pound foolish with the test. Use the CDs as a good change of pace and try to get a "bump" in your score through osmosis learning as oposed to the more active reading.

-Investopedia (www.investopedia.com) has a decent practice quiz online that you can customize if you're test doesn't come with a good CD tester. You should be at 85 before scheduling your exam.

Whatever you do, fosuc on options and munis. They have to be down cold before even thinking about scheduling a date. If your CD allows you to segment topics make sure to nail those.

Good luck. Also, any comments on the training program at Wachovia?

vinzenzo's picture
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Joined: 2007-07-23

They give us Kaplan Financial. which recently they merged with Bysis and Dearborn. It is good in terms of reading and getting a grasp on things I am just looking to get me over the edge.

skiba72's picture
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Joined: 2007-07-13

vinzenzo wrote:They give us Kaplan Financial. which recently they merged with Bysis and Dearborn. It is good in terms of reading and getting a grasp on things I am just looking to get me over the edge. In general, what's the training program like at Wachovia? Or do you do that after you pass the 7? How is the atmosphere for trainees? Do you have a mentor or team?

vinzenzo's picture
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Joined: 2007-07-23

Well, I am not sure if I am the best person to answer these questions. I am in an area that is not required to have your license, but they will sponsor you for it. there is no training and there will be no mentor. I am not in an area where I would be a Financial advisor in training or a Sales Assistant for brokers. Once I get my l;icenses I can venture out in those area if I want.
I hope this helps.   

Mr2Row's picture
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Joined: 2006-01-20

I just took the S7 today and passed with a 78%. Nothing to brag about but from what I hear from the other post, your score is not correlated to your success in this business. The night before I took the exam, I found some useful information on www.finra.com. I wasn't able to use it, however it may help someone else.
For anyone wanting to pass this exam, you won't get by just memorizing charts and diagrams. You need to understand the material.
All I can say is: Read the book, practice the exam questions, then read the book again. All while memorizing the details.
Shoot me a PM if you have any questions.
Good luck!!

wheightsd's picture
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Joined: 2007-08-28

How long did you study for the series 7?
Is it true that if you just take the STC practice test three times, learning the material as you go. Score 75 and above on every exam you are "ready" for the test. Did you guys find this true?

guitar1696's picture
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Joined: 2007-08-29

I just passed a few weeks ago with an 86%.... I owe it all to Tina at www.trainingconsultants.com 

wheightsd's picture
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Joined: 2007-08-28

how long did you study for?

ExPropTrader's picture
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Joined: 2006-11-19

Lady's Choice wrote:
The ad above is for a school that I have never heard of, and I have been involved in hiring and training brokers since the 1970s.
Let the buyer beware.

Shows how much you know, I used Trainingconsultants also, great program, straight to the point and with audio lectures.  Thin book because it doesnt have all the unnecessary stuff but well worth the money. 
Maybe you don't know it all, ever considered that?
 

ExPropTrader's picture
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Joined: 2006-11-19

Lady's Choice wrote:
I'll say it again.  I've been hiring and training rookies for one of the nation's premier wirehouses and I have NEVER--as in NEVER--even heard of the firm.
It would not be unexpected for you to lie about something.
There are four main sources of Series 7 training these days.
1. STC--the best
2.  Kaplan--a very close second
3.  Pass Perfect--very popular with the regional firms
4.  FIRE--an on-line course used by Merrill and other wires
All of the others are pretenders, picking up the crumbs.  As such they have close to zero feedback and zero way of keeping up with the exam.

One of the associates that used to be with a wirehouse pointed it out to me.  They were given the STC stuff and that was trashed in favor of the Trainingconsultants stuff.  They don't advertise much but does that mean they're crap?
You implied it was no good without knowing ANYTHING about it.  I simply backed up a previous poster that it WAS worth the money.
I have no reason or desire to lie.  People like you who get banned and continue to come back are the reason this forum is dead for anything but idle chit-chat.
I will not however continue to argue with idiots and negative people so the thread is yours, thank you.

ExPropTrader's picture
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Joined: 2006-11-19

Lady's Choice wrote:
Quote:
You implied it was no good without knowing ANYTHING about it.  I simply backed up a previous poster that it WAS worth the money.

When you said it was a thin book you condemned it.  It is impossible to present the necessary knowledge to pass Series 7, along with about 1,600 questions and explanations in less than 1,000 pages.
Perhaps  you would have passed on your first try if you had not opted for the thin book.

I did pass on the first try thankyouverymuch.
I said it was a thin book with audio lectures which are a good supplement, but as usual you choose to read what you want without looking at the whole picture.
YOU obviously can't think for yourself and use common sense to fill in the blanks.  Otherwise the key points would be more than enough.  You must've failed the options portion to be so bitter.

YHWY's picture
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Joined: 2007-07-18

Poor Putsy, He's been reduced to arguing with Series 7 trainees. (No offense to you trainees - if you knew who this guy is, you'd understand)

ExPropTrader's picture
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Joined: 2006-11-19

YHWY wrote:Poor Putsy, He's been reduced to arguing with Series 7 trainees. (No offense to you trainees - if you knew who this guy is, you'd understand)
He'll never be able to start new posts in the regular sections cause he can't make it to 200 posts.
And for the record I passed the 7 many years ago, I just like giving him crap.
 
And now that I think about it, last week I was over 200 posts and now it's under again.....hmm.

ExPropTrader's picture
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Joined: 2006-11-19

Lady's Choice wrote:
Quote:
I did pass on the first try thankyouverymuch.

Everybody says they passed on their first try, yet 65% of those who take  the test for the first time fail it.
It's one of the biggest lies told in Wall Street.

If that makes you feel better about failing it the first 32 times...then you keep thinking that.
According to my test paperwork, 65% of the people who take it pass.  The other 35% apparently go into management.
 

YHWY's picture
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Joined: 2007-07-18

You do not exhibit the intellect to be among the 30% first time
passers--sorry, but that's the way this seasoned veteran and observer
of more than 10,000 Series 7 candidates sees it. No matter the name he goes by, Datoo, DAtwo, Put Trader, Needs Advice or Lady's Choice, I know him, affectionately, as King of the "Dipsh*ts". In his made-up world of Makebelieve, we are all idiots and he is our leader.

ExPropTrader's picture
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Joined: 2006-11-19

Lady's Choice wrote:
Quote:
According to my test paperwork, 65% of the people who take it pass.  The other 35% apparently go into management.

 
You do not exhibit the intellect to be among the 30% first time passers--sorry, but that's the way this seasoned veteran and observer of more than 10,000 Series 7 candidates sees it.

Just because you could NEVER pass it doesn't mean the rest of us can't on the first try.

Mr2Row's picture
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Joined: 2006-01-20

This is what I did to pass the 7 with a 78% on first try. Depending on how much experience you have when you begin, it will determine how long it takes you to understand certain areas. I had previously taken the 6 and 63 eight years ago but wasn't in the business for the past 4 years.
The time it takes to prepare will depend on how many days you spend studying.
With STC (my preferred material), there are 22 or so chapters. If you read each chapter, take notes and do the sample questions in each chapter, I'd give myself 12-15 full days to complete that.
Each practice exam of 125 questions take around 3-4 hours in the beginning  of your study, so if you do 250 questions per day and review right and wrong answers, that should take up 7-8 hours of study time. This would take 7-10 full days to complete that.
If you're a genius and only need to see the material once, you can do it in 30 days. I, on the other hand, did each exam at least 2-3 times until my scores were in the 85% for the simulated exams. Add another two or three weeks for that. 
I probably reviewed the chapters two or three times also.
Bottom line, give yourself minimum 2-3 months. The options kicked my ass seriously in the beginning, since I had only myself as teacher.

wheightsd's picture
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Joined: 2007-08-28

Lady "whatever" how does asking one question tell you I am trying to get out of or avoid studying?
I just like to get different ideas on how people study thats all, so "chill out..."
The guys in my class at STC from Goldman tell a different story then what you wrote about how they study, so each firm does it different.
I spoke to another young lady from GS on the train who passed with a 71 only taking the week crash course with STC

ezmoney's picture
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Joined: 2004-11-30

Your numbers are wrong dim wit. The series 7 has a 70% pass rate.

ezmoney's picture
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Joined: 2004-11-30

Where did you come from? Let me guess a teacher, waitress, bus driver or cafeteria worker. I know, that's who jones recruits.

The Prophet's picture
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Joined: 2007-01-13

I can't comment about other companies, but I passed the first time using the materials from STC earlier this year.As many have said, the key to passing is taking the practice exams.  If you get the CD-ROM version, you can keep track of your progress on each exam.It can be a difficult exam, but passable, if you are prepared.The Prophet

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