Series 66 is tough...and I am discouraged
So, for the second time, I failed the Series 66. The first time, I scored a 66 (got cocky after scoring a 82% on my Series 7)....then, on my last opportunity, I scored a 73. I was told I only needed a 71 (nobody at our firm knew the requirements had changed). I was pretty discouraged walking out of the test center. Anyway, I was using the 2007 version of the Pass Perfect books...do you think that made a difference? I thought I knew the material in the books well and there was a lot of stuff on the new 66 that the book hadn't really discussed.
I just ordered Robert Walkers "Pass the 66" package. I hope this helps me get over the hurdle. I was so so so embarassed walking into the office after not passing a second time. It was also April fools so people thought I was pulling their chains...what an awful day.
Can anyone give me any advice on what to look for or use for supplemental materials? I have the pass this time or I think I need to find another career.
I think Kaplan has a course you can take... 2 all day class room courses in major cities, friend used them to pass his 24 second time...
Don't beat yourself up. I just passed the 7 with an 89 then took the 66 and passed with an 83, but on the 66 I pretty much guessed at over half of the questions and felt lost through the entire test. It was very hard for me to remain positive while taking the exam.
I prepared with the newest Pass Perfect material and did well on all of the practice tests, but when I got into the exam I felt as though I was taking a test I had never prepared for. Eliminating answers on hunches, and just accepting that I did not know the majority of material they were asking me about enabled me to pass.
A friend I work with used the same material to study, was much better prepared, did 4x the amount of practice tests I did, and then made a 74. The 66 is a hard test, and in my opinion, you will have to be good at eliminating answers and guessing the likely right answer to pass. I don't know if there is a Series 66 for Dummies book, but the Series 7 for Dummies has some great material on how to eliminate answers and basic test taking strategy.
Thanks a lot--appreciate the positive words. I don't know why the word "co*ky" was blocked out...that is the word I used when describing how I felt about taking the 66. I did buy the 7 for Dummies book but found Robert Walkers book much better at discussing the tests ins and outs.
Oddly enough, I felt good when I hit the submit button for the test--thought I had passed no problem. When I saw 73, I was pretty pleased...then I saw the word, "fail" and I had no idea what was going on. I had to ask the testing center why 73% wasn't passing...they said as of January 1, the new score you needed to pass was 75%.
I just passed the 66 this past week. I have to say I'm not really a fan of the Pass Perfect material. I didn't like the way their Series 7 material was organized. Thank Goodness I took the Kaplan course in addition and got an 89 on it.
I stuck with the Pass Perfect materials for the 66, and in the month between taking the 7 and my first crack at the 66, my daughter was born and my grandmother died, so I didn't study as well as I probably should have. My own fault completely. Got a 74 on the test and wished it was a 40. I probably would have felt better about it.
I went back to the Pass Perfect material and got it up to a 78 this past week. Not the greatest, but a pass is a pass. Still, when I take the 31 coming up here pretty soon I'm just going straight to the Kaplan materials.
"...Anyway, I was using the 2007 version of the Pass Perfect books...do you think that made a difference? I thought I knew the material in the books well and there was a lot of stuff on the new 66 that the book hadn't really discussed..."
Yes, it did make a difference. Starting 1 January the composition of the test changed significantly. Presently the test is 50% legal/ethics and 50% analysis. Prior to that it was 80% legal/ethics and 20% analysis. The Pass Perfect practice tests were designed around that. By using three year old materials, you were under prepared for the analysis part.
While the Pass Perfect suite worked for me, I supplemented it with other training materials. Investopedia.com has free online lesson plans and practice tests too.
Pass Perfect has a money back guarantee. If you pass a certain amount of their practice final exams and fail the actual test, they will pay for the re-take. But in order to cash in on that you needed to have their textbook and internet package. I presume you did not...
I just took the 66. I had originally taken this test back in 06 but lost the license due to a cheap BD not holding the license. I used STC study materials only. I spent 9 days cramming and passed w a 78%. The test was easier than I remembered but I've been in the industry for years so that could have attributed to it. I felt way over prepared. It was a lot of situational questions, 3 on fundamental theory, and several on investment vehicles. I'd recommend taking all the practice exams and reading the explanations and you should be fine. The need for multiple study courses is unnecessary