Failed Series 66 for the Third Time
I just failed the 66 for the third time (70, 74, 73). Will be let go from EDJ very soon. I studied using STC and was scoring in the 90's on all the exams. My firm would not let me use other sources such as Pass Perfect.
What are my options?
If I wanted to take the 66 again I would have to wait 120 days.
I could take the 63 or 65 but do I need sponsorship?
Could I possibly be picked up by other firms or will they pass due to my 66 exam fails?
I do like the industry and did not mind prospecting, learning the system or portfolio construction. I exceeded my prospecting goals and and was not afraid of rejection or the grind; also made some good contacts.
Where to go from here?
Your firm would not pay for other material but what stopped you from buying other material on your own? You would have to wait 180 days to take the test again. You do not need sponsorship to take the 65 and 63. You just fill out a U10. How would a firm know that you failed three times?
Thanks for you reply. Good to know I can take the 63 and 65 without sponsorship.
I do understand your point about how would they know if I bought supplementary materials. When I took the exam the first time and failed they had commented that I did not call the help line enough and did not complete the exact exams per their schedule. Also, there were diagnostic exams weekly to check my progress. If I were to use another vendor and not stay with their study schedule I would have incomplete or exams not attempted which would be flagged. It's very tightly overseen. I appears other firms give you the material and web access and let you have at it, just as long as you pass.
As far as my exam records. I thought it was easy for them to find out my attempts and scores for all FINRA exams. Unless you are saying the scores are confidential. Also, I would have to explain why I was let go to prospective employers..
You probably would have to explain why you were let go. I am not sure about future employers having access to exam records.
once youre let go, fill out a u10 form and sit for the 63 and 65. while your studying, start interviewing with industry competitors, let them know why you were let go, its actually very common for ppl to fail and be fired, so dont worry. please be sure to use trainingconsultants study material, it is spot on. stc is terrible for 65 66, believe me I know, been there done that. you might also want to try and talk to your boss after you get those 2 exams passed, because they may take you back, happened to me. good luck buddy!
Bought Training Consultants for the 63 today after filing my U10 and forking over the fee.
How many study hours should I put into the 63 and 65? I'm job hunting, interviewing, and studying for the exams at the same time.
I plan on studying 4-6 hours a day (6 days) for two weeks for the 63 and 4-6 hours a day (6 days) for three weeks for the 65.
Training Consultants is great I passed the 66 with them. You have to put a lot of time in on the 66 it is very hard and the passing grade is 75 so less room for error. I found I barely had enough time to finish the test. I put in 200 hours for this test...You need to score in the high 80's on Training consultants practice exams to pass the test. I have training materials if anyone is interested and 75 days left on subscription.
Just failed 66 69%, and I studied a lot... Very discouraged :(. English is my second language by the way; I should have requested a time extension on the the test, so I could have more comfortably complete the test. (I passed 7 for the first time). This one, the 66, is much harder. I used the STC program. I would like to get a second opinion, in other words get a different prospective on the study material and the testing other than STC's. People suggest that Kaplan or Training Consultants are better. Which one should I get?
STC for the 66 is inadequate. I JUST used Training Consultants for the 63 and easily passed. Next up is the 65 and I will be using TC. Everyone on here raves about it for good reason; they give you the bare necessities and test you on what you need to know. STC tries to get you prepared for every single scenario, with bloated/strangely laid out reading material and you wind up focusing on the wrong sections.