Series 7 Training
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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?
I just passed a few weeks ago with an 86%… I owe it all to Tina at www.trainingconsultants.com
[quote=Lady’s Choice]
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.
[/quote]
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?
[quote=Lady’s Choice]
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.
[/quote]
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.
[quote=Lady’s Choice]
[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.
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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.
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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.
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)
[quote=YHWY]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) [/quote]
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.
[quote=Lady’s Choice]
[quote]
I did pass on the first try thankyouverymuch.
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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.
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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.
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.
[quote=Lady’s Choice]
[quote]
According to my test paperwork, 65% of the people who take it pass. The other 35% apparently go into management.
[/quote]
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.
[/quote]
Just because you could NEVER pass it doesn't mean the rest of us can't on the first try.
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.
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
Where did you come from? Let me guess a teacher, waitress, bus driver or cafeteria worker. I know, that’s who jones recruits.
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