How well does a finance major prepare one for the Series 7?
8 RepliesJump to last post
I graduated from a fairly high-ranked business school last year with a degree in finance. I'm a great crammer/test taker which I'm sure is primarily why I graduated with honors. Now I'm in a position to be sponsored for the Series 7, and am just wondering how much the material will overlap with everything I've been studying for the last few years. Should I still spend hundreds on the self-study program from STC, or might I be able to get away with just getting some of the cheaper study guides and practice exams that can be found on Amazon? Also, how many hours/days/weeks/etc. should I plan on studying?
I understand the answers to these questions will vary greatly depending on the individual, but I'm just trying to get a general idea from people who have been in a similar position. I'm also not trying to underestimate the exam and I don't think I'm special for having a finance degree - I just truly have no idea and don't want to spend a substantial amount of money on study materials if they're just going to be talking about time value of money, bond valuation, options, margin accounts, and all the other basics that fill the pages of my finance text books.
I graduated with a degree in finance and had no trouble with the exam right after graduation. If you are a good test taker you should be able to get by with the cheaper study guides, just make sure to get the most up to date editions.
i would suggest getting the right materials - it's not worth the chance of failing & waiting 30 days to retake it. spend money to make money right?
Get pass the 7 by Robert Walker.
With a degree in finance and that book, that's all you need.
STC is good but its expensive and its vast. I spent 2 months on it.
Walker does a very nice job of explaining the concepts in laymans terms.
-PF
I think a Finance Degree gives you a good understanding of the basics, and allows you to skim some materials. That being said I would still recommend getting a combo of book & online study questions or just purchasing online study questions seperately.
I graduated with a degree much like yourself and i found the study questions to be the most effective to not only quiz you on the materials, but to give you exposure to the types of questions (and format) you will see on the 7. Goodluck
You shouldn't have much of a problem with the Series 7. I would buy some of the STC materials and give it four weeks of hard work. Spend your real money and time on the Series 66 which is the more difficult test.
Kaplin Study guides and hundreds of practice tests if you got alot of $ get the on-line classes and watch them anytime. Staff members with HS degree pass everyday. Good Luck.
Since you admitted to being a great crammer/test taker, then you would probably score well without having to spend hundreds on additional study guides. Online versions should suffice to prepare you in advanced but additional hours per day would not hurt to prepare you for the Series 7 as well as for your personal development.