How much study for Series 7?
How much study time does the Series 7 exam require on average?
Ask I was offered a position with MetLife a while back and start date proposed was 30 days. Now to meet that date I had to pass- Series 7, 66 and 63. Also, sell $4000 worth of commisions before the 30 days.
I did not take the job primarily because the recruiter never mentioned the $4000 buy in commision before hand (not till the end of the fourth and final interview) and I found it misleading.
Let me say the whole MetLife interview happened with out much planning on my part as attended a career night and was asked for interview next day. Just was looking into the field and green to say the least.
No matter, to get back on track thinking that I would have had a heck of a time working full time, studying for the tests and finding time to let one of thier managers terrorize family and friends.
Thus, what seems to be average amount of time you folks studied for the Series 7?
[quote=logan]
<>
Thus, what seems to be average amount of time you folks studied for the Series 7?</>[/quote]
You’re crazy to ask that on this forum of ego driven kids who all boast
that they blew through the test in an average of three questions a
minute after studying for a few days.
There are 17,000 questions in a database in Rockville Maryland.
When you log onto the computer to take your test 260 of them will be
chosen just for you. There will be 60 bond questions and 40
options questions. The other 160 will come from all of the other
topics.
PIck up a set of study material–you’ll find that it’s between 750 and 1,000 pages of college level discussions.
The exam is very difficult–filled with industry jargon and suitability
issues. The most common comment is, "I had no idea that that
particular topic could be asked in so many different ways…"
It is generally advised that 100 hours be set aside to prepare for the
exam–approximately 40 of them to read the material and another 60 or
so to do sample questions.
There are two vendors of study material that is considered to be
superb–STC and Dearborn–and another, Pass Perfect, that is best known
for its meandering style and sample questions that look very little
like the real test in that they’re much more difficult.
Preparing with Pass Perfect can be frustrating because your practice
sessions will result in low scores, but you will be “over prepared” if
you do all of the Pass Perfect sample questions. But when you go
take the test you’ll see questions that, while easier, look nothing
like what you’ve been working on.
By comparision if you use STC or Dearborn you’re going to find that the real questions look a lot like what you’d been studying.
The STC program has thirteen 125 question sample final exams. That is
1,625 sample questions. If you figure it will take you two
minutes per question you’re going to need about 3,300 minutes or
roughly 55 hours to do them.
It is not possible to go somewhere and cram for sixteen hours a day for
three or four days because your brain cannot stay focused for that many
hours.
Ideally you would do an hour or two a day for a month to six
weeks. The problem is how do you find an hour or two in your day
if you’re working and "have a life."
Recently there have been posts made on this forum about the fact that
about 65% of those who take the test in any given period pass it.
That includes those have taken it at least once before. The first time
ratio is somewhere south of 50% but is a statistic the NASD will not
release.
To answer your question. The NYSE requires rookies at their
member firms to prepare for the exam for at least 90 days so that they
can learn all that is needed to be known.
Years ago the average score at a wirehouse was close to 90%. These days
it’s less than 80%. The test has not gotten harder, the people being
hired have gotten dumber and less willing to make the effort to do
things right.
If you’re working full time you cannot find enough time to study for, and pass, Series 7 in a month.
Regardless of what the fools who will now respond to this have to say.
I studied and passed in 5 weeks.
I also attended a one week prep course taught by Harvey Knopman.
[quote=Dewey Cheatham]
I studied and passed in 5 weeks.
I also attended a one week prep course taught by Harvey Knopman.
[/quote]Those crash courses are an excellent way to cut down on the time necessary to prepare to do sample questions--but they can't really cut down on the sample questions.
Who does Harvery Knopman teach for? Where?
[quote=Put Trader] [quote=Dewey Cheatham]
I studied and passed in 5 weeks.
I also attended a one week prep course taught by Harvey Knopman.
[/quote]
Those crash courses are an excellent way to cut down on the time necessary to prepare to do sample questions--but they can't really cut down on the sample questions.
Who does Harvery Knopman teach for? Where?
[/quote]
Harvey is the former head of trading training at CSFB. He now runs his own financial training school. Check the inside flap of a Dearborn book. He co-authored the book.
http://www.knopman.com/about.htm
"Both Dearborn and Financial Training Services have extensive experience training and licensing registered representatives and principals, said Mr. Fiorillo. The project will be staffed by Harvey Knopman, President of Financial Training Services, who formerly managed the sales and trading training for CS First Boston, Janet Wiley, Vice President, Product Development at FTS, previously a product specialist in the MBS department at Morgan Stanley & Co., Incorporated, and Mark Emmons, Vice President at Dearborn, he added. "
First of all, look outside of metlife. It is hard to get in this business, so if you need to use them as a stepping stone... go ahead. A better bet would be to get hired as a sales assitant somewhere reputable... if your male ego will allow you to do that. Then you could get licesensed, understand the business, be under less stress and possibly hook up with a senior broker.
Second, it is going to be very difficult to generate $4000 in commissions in 30 days unless you put your friends and family in their less than par "products". Make sure you generate commisions in reputable fund families. Read other posts to get an idea of what these might be.
I recently had to take the series 7 for the second time in my career. The first time I took it I was 22, and it took me 3 solid months to study.I got a 76%
A few weeks ago, I took it after about 2 weeks of solid craming. Granted, I have been in the industry for 13 + years, but I am no book whiz (moderate intelligence and attended a well know private university). So, you could say I am your average "joe", or "jane" if you will.
Anyway, I got an 80%....but I thought it was a very arduous task. And I took the entire time to finish my test, unlike the many superstars you will read about on this forum. What helped me the most was the 600 to 700 flash cards I made. I actually bought an outline from freeseries7.com... and did not read the book. Memorization was my key to success.
Dearborn has a series 7 test disk that is excellent. It helped me allocate my time efficiently, because it identifed the areas I was week in. You don't really have to buy the book, because the explanations are pretty thorough. Hope this helps.
P.S. memorize the option formulas and then right when you get in the test, put them on the scratch paper for a reference. This was another great "trick" that is perfectly legal.
You can pm me and I will try to fax you my option memory chart.
Good luck!
P.S. excuse my spelling, I don't have time to correct. it
Thank you kindly all.
Thinking I will take my P &C test next then take my time and study for the Series 7.
Moneymon, I did not take the MetLife job as it really irked me the way they held back on telling me about the buyin. Much of our interviews were based on honesty and thier little "oh by the way" did not sit well with me at all.
[quote=Put Trader] [quote=logan] <>
Thus, what seems to be average amount of time you folks studied for the Series 7?[/quote]
You're crazy to ask that on this forum of ego driven kids who all boast that they blew through the test in an average of three questions a minute after studying for a few days.
There are 17,000 questions in a database in Rockville Maryland. When you log onto the computer to take your test 260 of them will be chosen just for you. There will be 60 bond questions and 40 options questions. The other 160 will come from all of the other topics.
PIck up a set of study material--you'll find that it's between 750 and 1,000 pages of college level discussions.
The exam is very difficult--filled with industry jargon and suitability issues. The most common comment is, "I had no idea that that particular topic could be asked in so many different ways....."
It is generally advised that 100 hours be set aside to prepare for the exam--approximately 40 of them to read the material and another 60 or so to do sample questions.
There are two vendors of study material that is considered to be superb--STC and Dearborn--and another, Pass Perfect, that is best known for its meandering style and sample questions that look very little like the real test in that they're much more difficult.
Preparing with Pass Perfect can be frustrating because your practice sessions will result in low scores, but you will be "over prepared" if you do all of the Pass Perfect sample questions. But when you go take the test you'll see questions that, while easier, look nothing like what you've been working on.
By comparision if you use STC or Dearborn you're going to find that the real questions look a lot like what you'd been studying.
The STC program has thirteen 125 question sample final exams. That is 1,625 sample questions. If you figure it will take you two minutes per question you're going to need about 3,300 minutes or roughly 55 hours to do them.
It is not possible to go somewhere and cram for sixteen hours a day for three or four days because your brain cannot stay focused for that many hours.
Ideally you would do an hour or two a day for a month to six weeks. The problem is how do you find an hour or two in your day if you're working and "have a life."
Recently there have been posts made on this forum about the fact that about 65% of those who take the test in any given period pass it. That includes those have taken it at least once before. The first time ratio is somewhere south of 50% but is a statistic the NASD will not release.
To answer your question. The NYSE requires rookies at their member firms to prepare for the exam for at least 90 days so that they can learn all that is needed to be known.
Years ago the average score at a wirehouse was close to 90%. These days it's less than 80%. The test has not gotten harder, the people being hired have gotten dumber and less willing to make the effort to do things right.
If you're working full time you cannot find enough time to study for, and pass, Series 7 in a month.
Regardless of what the fools who will now respond to this have to say.
[/quote]
OK Put, I'm soliciting your opinion on this one....
I am moving from NY(where the 66 is not required for IAR/RIA business) to another state, so I must take the ser 66 exam in just a few weeks. How many hours should I set aside. I'm s7 registered for 14 yrs, above-average intelligence-though I'm sure you will scoff at that. How many hours must I set aside to get at least a 75-80 on the test?
[quote=joedabrkr]
OK Put, I'm soliciting your opinion on this one....
I am moving from NY(where the 66 is not required for IAR/RIA business) to another state, so I must take the ser 66 exam in just a few weeks. How many hours should I set aside. I'm s7 registered for 14 yrs, above-average intelligence-though I'm sure you will scoff at that. How many hours must I set aside to get at least a 75-80 on the test?
[/quote]First be sure it's the 66 you need and not the 65. It has been my understanding that the 66 is for people who don't already have a 63, while the 65 is taken by "veterans" who already have a 63. In any case check with your registration department.
Both of the exams are filled with schidt such as how many clients do you have to have before you have to register as an RIA with your state and how many before you have to register at the national level and they're not the same. In other words, grunt memory work.
They also have a bit of analysis, that can be learned.
We have found that this is an area where the firm known as Pass Perfect excels. Their 7 isn't very good but when we had a string of failures at 65 or 66 we gave Pass Perfect a try and sure enough the passing ratio improved dramatically. It could be because it was a bunch of repeaters--but in debriefing them we did hear that the Pass Perfect questions were more like the real thing that what we had been using.
Time? However long it takes to do the sample questions--referring to the textbook for more information than the sample question explanations provide. Probably ten to twelve hours--a lost weekend if you can arrange one.
[quote=Put Trader] [quote=joedabrkr]
OK Put, I'm soliciting your opinion on this one....
I am moving from NY(where the 66 is not required for IAR/RIA business) to another state, so I must take the ser 66 exam in just a few weeks. How many hours should I set aside. I'm s7 registered for 14 yrs, above-average intelligence-though I'm sure you will scoff at that. How many hours must I set aside to get at least a 75-80 on the test?
[/quote]
First be sure it's the 66 you need and not the 65. It has been my understanding that the 66 is for people who don't already have a 63, while the 65 is taken by "veterans" who already have a 63. In any case check with your registration department.
Both of the exams are filled with schidt such as how many clients do you have to have before you have to register as an RIA with your state and how many before you have to register at the national level and they're not the same. In other words, grunt memory work.
They also have a bit of analysis, that can be learned.
We have found that this is an area where the firm known as Pass Perfect excels. Their 7 isn't very good but when we had a string of failures at 65 or 66 we gave Pass Perfect a try and sure enough the passing ratio improved dramatically. It could be because it was a bunch of repeaters--but in debriefing them we did hear that the Pass Perfect questions were more like the real thing that what we had been using.
Time? However long it takes to do the sample questions--referring to the textbook for more information than the sample question explanations provide. Probably ten to twelve hours--a lost weekend if you can arrange one.
[/quote]
Thx for the input. Every weekend is lost right now, but all for good reasons!
While I find some of your views on other issues to be rather abhorrent, I sense that you have a pretty solid handle on this issue.
I'll make sure to post it for you when I score a 90+!
[quote=joedabrkr]
I’ll make sure to post it for you when I score a 90+!
[/quote]It will be a disappointment if you don’t score at least 90, but I worry
that you won’t because you don’t grasp the gravity of leaving the city
so nice they named it twice.
[quote=Put Trader] [quote=joedabrkr]
I'll make sure to post it for you when I score a 90+!
[/quote]
It will be a disappointment if you don't score at least 90, but I worry that you won't because you don't grasp the gravity of leaving the city so nice they named it twice.
[/quote]
You mean Bora Bora or Pago Pago?
[quote=Put Trader] [quote=joedabrkr]
OK Put, I'm soliciting your opinion on this one....
I am moving from NY(where the 66 is not required for IAR/RIA business) to another state, so I must take the ser 66 exam in just a few weeks. How many hours should I set aside. I'm s7 registered for 14 yrs, above-average intelligence-though I'm sure you will scoff at that. How many hours must I set aside to get at least a 75-80 on the test?
[/quote]
First be sure it's the 66 you need and not the 65. It has been my understanding that the 66 is for people who don't already have a 63, while the 65 is taken by "veterans" who already have a 63. In any case check with your registration department.
Both of the exams are filled with schidt such as how many clients do you have to have before you have to register as an RIA with your state and how many before you have to register at the national level and they're not the same. In other words, grunt memory work.
They also have a bit of analysis, that can be learned.
We have found that this is an area where the firm known as Pass Perfect excels. Their 7 isn't very good but when we had a string of failures at 65 or 66 we gave Pass Perfect a try and sure enough the passing ratio improved dramatically. It could be because it was a bunch of repeaters--but in debriefing them we did hear that the Pass Perfect questions were more like the real thing that what we had been using.
Time? However long it takes to do the sample questions--referring to the textbook for more information than the sample question explanations provide. Probably ten to twelve hours--a lost weekend if you can arrange one.
[/quote]
It was suggested to me, by the way, that the 66 would be 'easier' because the 7 is a prerequisite. Not that I'm looking to skate, but I have to consider these thinsg because I have a full plate right now....
Study time depends on how quick of a reader you are and how quickly you can absorb the material. If you have a financial background and/or education you should be going thru the information more quickly. Our company uses the Pass Perfect system. I worked in the financial field AND I have an MBA in Finance and Economics.
I studied for 5 weeks and took the 1 week class. I passed with a score of 75. Let me know if I can provide any more information.
[quote=maybeeeeeeee]
I passed with a score of 75. Let me know if I can provide any more information.
[/quote]OK, why didn't you get a better score?
[quote=Put Trader] [quote=maybeeeeeeee]
I passed with a score of 75. Let me know if I can provide any more information.
[/quote]
OK, why didn't you get a better score?
[/quote]
And just what would it have been worth to invest the time to score 100%?
[quote=stanwbrown][quote=Put Trader] [quote=maybeeeeeeee]
I passed with a score of 75. Let me know if I can provide any more information.
[/quote]
OK, why didn't you get a better score?
[/quote]
And just what would it have been worth to invest the time to score 100%?
[/quote]Would you want to go to an oncologist who wanted to do "just enough" to get his MD?
Where is the pride in scoring low on a qualification exam?
[quote=Put Trader] [quote=stanwbrown][quote=Put Trader] [quote=maybeeeeeeee]
I passed with a score of 75. Let me know if I can provide any more information.
[/quote]
OK, why didn't you get a better score?
[/quote]
And just what would it have been worth to invest the time to score 100%?
[/quote]
Would you want to go to an oncologist who wanted to do "just enough" to get his MD?
[/quote]
You DO realize that guy's STILL called "Doctor" and STILL has the diploma. BTW, don't be a fool and suggest that the Series 7 is the be all and end all of being qualified to be a rep.
[quote=stanwbrown]
You DO realize that guy’s STILL called "Doctor"
and STILL has the diploma. BTW, don’t be a fool and suggest that the
Series 7 is the be all and end all of being qualified to be a rep.
I agree, but my question was if you would have much faith in a doctor who graduated last in his class?
Suppose you were a hiring manager at a hospital Are you going to hire the guys and gals who barely graduated?
What about pride in oneself? Do you think that self image is
important in being a successful broker? How much self pride do
you suppose there is in a guy who brags about missing at least 62
questions on a qualification exam?
Would you advise your daughter to marry a guy who bragged about scoring low on tests?
[quote=Put Trader] [quote=stanwbrown]
You DO realize that guy's STILL called "Doctor" and STILL has the diploma. BTW, don't be a fool and suggest that the Series 7 is the be all and end all of being qualified to be a rep.
[/quote]
I agree, but my question was if you would have much faith in a doctor who graduated last in his class?
[/quote]
That's the source of your problem. You think the score on the Series 7 is somehow the equivalent of the entirety of Med School, when it's more like a pop quiz in a first semester, first year class…..<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
[quote=stanwbrown]
That’s the source of your problem. You think the score on the Series 7 is somehow the equivalent of the entirety of Med School, when it’s more like a pop quiz in a first semester, first year class……<o:p></o:p>
[/quote]Not at all. What I see the Series 7 as being is an indication of one’s image of themself.
People who are proud of themselves set lofty goals–and among them is to try to get every question right on the Series 7.
Point me at a guy who scored 75% but only answered 75% of the questions
and I’ll cheer his accomplishment–but not getting a 76, 77, 78, 79,
80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97,
98, 99 or 100 shows that there is massive room for improvement.
Why are you cheering mediocrity? Could it be that you are the epitome of mediocrity yourself?
[quote=Put Trader] [quote=stanwbrown]
That's the source of your problem. You think the score on the Series 7 is somehow the equivalent of the entirety of Med School, when it's more like a pop quiz in a first semester, first year class…..
[/quote]
Not at all. What I see the Series 7 as being is an indication of one's image of themself.
People who are proud of themselves set lofty goals--and among them is to try to get every question right on the Series 7.
Point me at a guy who scored 75% but only answered 75% of the questions and I'll cheer his accomplishment--but not getting a 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 99 or 100 shows that there is massive room for improvement.
Why are you cheering mediocrity? Could it be that you are the epitome of mediocrity yourself?
[/quote]
Your problem is the criteria you use as a yardstick is faulty. The Series 7 is one small step in the qualification process. You don’t have unlimited time in this process and being wise about where you use that time is critical. I’d rather see someone pass then exam and master the REAL requirements of the biz than see him bag a 100% on the 7 and tank in reality based training….<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Then again, you consider the smaller check and the lack of freedom to be "advancement" so yours is at least a consistent problem.
[quote=stanwbrown]
Your
problem is the criteria you use as a yardstick is faulty. The Series 7
is one small step in the qualification process. You don’t have
unlimited time in this process and being wise about where you use that
time is critical. I’d rather see someone pass then exam and master the
REAL requirements of the biz than see him bag a 100% on the 7 and tank
in reality based training….<o:p></o:p>
Why do you suggest that it is not possible to score well on the Series 7 AND also learn sales techniques, etc.?
Why are they mutually exclusive in your world.
Did your own father tell you to do only enough to get by? Is that advice you would give your own son or daughter?
[quote=Put Trader] [quote=stanwbrown]
Your problem is the criteria you use as a yardstick is faulty. The Series 7 is one small step in the qualification process. You don’t have unlimited time in this process and being wise about where you use that time is critical. I’d rather see someone pass then exam and master the REAL requirements of the biz than see him bag a 100% on the 7 and tank in reality based training….
[/quote]
Why do you suggest that it is not possible to score well on the Series 7 AND also learn sales techniques, etc.?
Why are they mutually exclusive in your world.
Did your own father tell you to do only enough to get by? Is that advice you would give your own son or daughter?
[/quote]
I don't believe he is saying that they are mutually exclusive. He is saying that they are separate and distinct entities. Please don't confuse the subtle, yet distinct, difference.
[quote=Dewey Cheatham][quote=Put Trader] [quote=stanwbrown]
Your problem is the criteria you use as a yardstick is faulty. The Series 7 is one small step in the qualification process. You don’t have unlimited time in this process and being wise about where you use that time is critical. I’d rather see someone pass then exam and master the REAL requirements of the biz than see him bag a 100% on the 7 and tank in reality based training….
[/quote]
Why do you suggest that it is not possible to score well on the Series 7 AND also learn sales techniques, etc.?
Why are they mutually exclusive in your world.
Did your own father tell you to do only enough to get by? Is that advice you would give your own son or daughter?
[/quote]
I don't believe he is saying that they are mutually exclusive. He is saying that they are separate and distinct entities. Please don't confuse the subtle, yet distinct, difference.
[/quote]Then why is it not possible to do two things at once?
My question was simple. Is it possible to work towards a Series 7 score in the 90 percentile while also learning about the business, how to prospect and so forth? Or are the two mutually exclusive?
[quote=Dewey Cheatham][quote=Put Trader] [quote=stanwbrown]
Your problem is the criteria you use as a yardstick is faulty. The Series 7 is one small step in the qualification process. You don’t have unlimited time in this process and being wise about where you use that time is critical. I’d rather see someone pass then exam and master the REAL requirements of the biz than see him bag a 100% on the 7 and tank in reality based training….
[/quote]
Why do you suggest that it is not possible to score well on the Series 7 AND also learn sales techniques, etc.?
Why are they mutually exclusive in your world.
Did your own father tell you to do only enough to get by? Is that advice you would give your own son or daughter?
[/quote]
I don't believe he is saying that they are mutually exclusive. He is saying that they are separate and distinct entities. Please don't confuse the subtle, yet distinct, difference.
[/quote]
He can't help himself, he's not an honest , man...
[quote=Put Trader] [quote=Dewey Cheatham][quote=Put Trader] [quote=stanwbrown]
Your problem is the criteria you use as a yardstick is faulty. The Series 7 is one small step in the qualification process. You don’t have unlimited time in this process and being wise about where you use that time is critical. I’d rather see someone pass then exam and master the REAL requirements of the biz than see him bag a 100% on the 7 and tank in reality based training….
[/quote]
Why do you suggest that it is not possible to score well on the Series 7 AND also learn sales techniques, etc.?
Why are they mutually exclusive in your world.
Did your own father tell you to do only enough to get by? Is that advice you would give your own son or daughter?
[/quote]
I don't believe he is saying that they are mutually exclusive. He is saying that they are separate and distinct entities. Please don't confuse the subtle, yet distinct, difference.
[/quote]
Then why is it not possible to do two things at once?
My question was simple. Is it possible to work towards a Series 7 score in the 90 percentile while also learning about the business, how to prospect and so forth? Or are the two mutually exclusive?
[/quote]
90? You're shooting for 90? Why that's barely and A where I come from. One point lower and you're a B. Why aim so low? What's wrong with you that you don't see 95+ as a minimum goal?
No wonder you ended up in management, you lacked the drive and dedication to earn the big check......
[quote=stanwbrown]
90? You’re shooting for 90? Why that’s barely
and A where I come from. One point lower and you’re a B. Why aim so
low? What’s wrong with you that you don’t see 95+ as a minimum goal?
No wonder you ended up in management, you lacked the drive and dedication to earn the big check......
[/quote]Nah, what I said was in the 90 percentile--where did I say 90? I think shooting for anything short of perfection is lowering your standards.
How about you Stan, do you think that it's admirable to try to be average?
[quote=Put Trader] [quote=stanwbrown]
90? You're shooting for 90? Why that's barely and A where I come from. One point lower and you're a B. Why aim so low? What's wrong with you that you don't see 95+ as a minimum goal?
No wonder you ended up in management, you lacked the drive and dedication to earn the big check......
[/quote]
Nah, what I said was in the 90 percentile--where did I say 90? I think shooting for anything short of perfection is lowering your standards.
How about you Stan, do you think that it's admirable to try to be average?
[/quote]
Put,
If the average score is 67 (or there abouts),as it was when I passed. Then that is 50th percentile. Most passing scores are in the 70s, probably another 35 percentile points. Anything in the 85+ range should be 90th percentile.
[quote=Dewey Cheatham]
Put,
If the average score is 67 (or there abouts),as it was when I passed. Then that is 50th percentile. Most passing scores are in the 70s, probably another 35 percentile points. Anything in the 85+ range should be 90th percentile.
[/quote]The average score on the Series 7 exam has NEVER been less than 70%, the average failing score is in the mid 60s and the average passing score is in the mid 70s.
Somebody the other day posted the information found on their score report and it said that the average score was 76, or something like that. That would tend to signal that both passing and failing scores are higher these days than they have been in the recent past.
As for your The hip bone's connected to the thigh bone nonsense--the 90th percentile means a score greater than 89% but less than 100%.
Series 7 scores are not normed, curved or adjusted in any way--other than the two extra weight questions.
[quote=Put Trader] [quote=Dewey Cheatham]
Put,
If the average score is 67 (or there abouts),as it was when I passed. Then that is 50th percentile. Most passing scores are in the 70s, probably another 35 percentile points. Anything in the 85+ range should be 90th percentile.
[/quote]
The average score on the Series 7 exam has NEVER been less than 70%, the average failing score is in the mid 60s and the average passing score is in the mid 70s.
Somebody the other day posted the information found on their score report and it said that the average score was 76, or something like that. That would tend to signal that both passing and failing scores are higher these days than they have been in the recent past.
As for your The hip bone's connected to the thigh bone nonsense--the 90th percentile means a score greater than 89% but less than 100%.
Series 7 scores are not normed, curved or adjusted in any way--other than the two extra weight questions.
[/quote]
ROFLMAO, Put!
Did they teach Prob & Stat 101 at that junior college of yours? If so, what were you doing during class? Not getting 70% would be my bet.
[quote=Starka]
ROFLMAO, Put!
Did they teach Prob & Stat 101 at that junior college of yours? If so, what were you doing during class? Not getting 70% would be my bet.
[/quote]Are you telling me what I meant when I said the 90th percentile?
Tell me something Starka, if the day arrives when everybody gets less than half the questions on an exam correct are we going to declare that those who score close to 50% are in the 90th percentile?
Is it possible for those of your ilk to set the standards too low?
I’ll yield to your firm as the authority on low standards.
[quote=Starka]I’ll yield to your firm as the authority on low standards.[/quote]
Is that what passes as clever in Starkaland?
Face it Loser, you got tangled up in your own BS yet again, and been busted yet again.
Ya bore me, Put. I'm tired of slappin' you around. You may now slink away.
[quote=Starka]
Face it Loser, you got tangled up in your own BS yet again, and been busted yet again.
Ya bore me, Put. I'm tired of slappin' you around. You may now slink away.
[/quote]You're the one who is saying that less than 90% should be considered 90%--I'm just asking you if you have low standards like that in everything you do.
Do you approach life as a challenge where doing enough to get by is all the effort you should make?
It appears that way to this old pro--and I think it's pathetic.
[quote=Starka][quote=Put Trader] [quote=Dewey Cheatham]
Put,
If the average score is 67 (or there abouts),as it was when I passed. Then that is 50th percentile. Most passing scores are in the 70s, probably another 35 percentile points. Anything in the 85+ range should be 90th percentile.
[/quote]
The average score on the Series 7 exam has NEVER been less than 70%, the average failing score is in the mid 60s and the average passing score is in the mid 70s.
Somebody the other day posted the information found on their score report and it said that the average score was 76, or something like that. That would tend to signal that both passing and failing scores are higher these days than they have been in the recent past.
As for your The hip bone's connected to the thigh bone nonsense--the 90th percentile means a score greater than 89% but less than 100%.
Series 7 scores are not normed, curved or adjusted in any way--other than the two extra weight questions.
[/quote]
ROFLMAO, Put!
Did they teach Prob & Stat 101 at that junior college of yours? If so, what were you doing during class? Not getting 70% would be my bet.
[/quote]
Put,
You are wrong. The average score is almost always a failing score. This is because the average score report takes into account ALL SCORES. Keep in mind that this includes retakers who often fail more than once. Thus, the average score (50th percentile) is almost always failing. Further, a substanially lower number of scores are passing scores. Additionally, these first time test takers typically only submit one score to pass. Usually the one time passers are in the mid 70s to mid 80s. The retakers that do eventually pass supply a passing score that usually creeps in at the 70-75 range. Consequently, you can discern that a disporportionately large number of series 7 exam scores are 85 or below. Most likely at least 90% of all scores are 85 or below!!! As such, the 90th PERCENTILE of test takers would score 85+.
Respectfully,
The Resident Mensan
(98th percentile or above on a standardized intelligence test)
Whatever.
The fact is that it is possible to answer 250 out of 250 questions
correctly, and having as your goal anything less than that is the sign
of somebody who is not goal oriented.
Those who set out to be average, or to do no more than “just enough” are not the types of people that folks such as me respect.
[quote=Put Trader] [quote=stanwbrown]
90? You're shooting for 90? Why that's barely and A where I come from. One point lower and you're a B. Why aim so low? What's wrong with you that you don't see 95+ as a minimum goal?
No wonder you ended up in management, you lacked the drive and dedication to earn the big check......
[/quote]
Nah, what I said was in the 90 percentile--where did I say 90? I think shooting for anything short of perfection is lowering your standards.
[/quote]
Which is it? Are you striving for 90 percentile or perfection?
I suspect you haven't a clue....
He IS perfect, Stan.
Perfectly worthless.
[quote=Starka]
He IS perfect, Stan.
Perfectly worthless.
[/quote]Nah, I'm not perfect--just a hell of a lot closer to it than you two bozos.
Tell me boys, do you two believe striving to be average is what life is all about?
Did your own parents sit you down one day and tell you that if you could be average you should stop righ there?
It's no wonder you don't grok those of us who you see up front leading the way.
You do realize that you're arguing that it's wrong to strive to be the best you can be. Why do you do that?
I knew you'd have to rise to the bait.
Just put a quarter in the slot and play "Put Trader".
It KILLS you that you just can't get one up, doesn't it Put?
[quote=Starka]
I knew you’d have to rise to the bait.
Just put a quarter in the slot and play "Put Trader".
It KILLS you that you just can't get one up, doesn't it Put?
[/quote]I admit that I'm competitive--but I also realize that when dealing with mental nimrods such as you and Stan it is often best to simply point to your vapid response and declare victory.
Those who are reading what is left realize you're a mental pigmy--there is not much else I can accomplish beyond that.
Well except pointing at you and laughing.
LOL, yes I'm sure everyone agrees with you, Clerk Boy.
[quote=Starka]
LOL, yes I’m sure everyone agrees with you, Clerk Boy.
[/quote]See what I mean when I say you’re only capable of vapid responses.
Come on, engage me–prove me wrong, debunk what I have to say.
I have…every time out.
[quote=Starka]I have…every time out.[/quote]
Yep, you’re a regular wizard. I say that a new broker should
strive to be all he or she can be, and you say that I’m wrong.
Do you really think the boys and girls who read this stuff believe you
are any brighter than the dullest kid in their high school class?
No, you've argued that if someone doesn't achieve 100% on the series 7, he/she is an abject failure and a worthless person to boot. I say you're wrong.
[quote=Starka]
No, you’ve argued that if someone doesn’t achieve
100% on the series 7, he/she is an abject failure and a worthless
person to boot. I say you’re wrong.
[/quote]
What a ridiculous thing to say. Do you really believe that
anybody thinks that my position is that if you don’t score 100% you’re
an "abject failure and a worthless person to boot?"
Perhaps you can find where I said that?
Perhaps you can find where you haven't.
See ya later, Clerk Boy.
[quote=Starka]
Perhaps you can find where you haven’t.
See ya later, Clerk Boy.
[/quote]And the sissy boy who didn't get chosen for the team takes his bat and ball and goes home to his mommy.
Can you imagine how well this guy must cope with life?
Once again old man you are a real laugh… By the way, last time I heard someone call someone else sissy boy, I laughed so hard I fell off my dinosaur. Go back to sleep, dementia is knocking on your door…
Put Trader - I'm going to jump in here. I thought you were leaving the board. You're very annoying. My .02
[quote=derekgaddy]
Put Trader - I’m going to jump in here. I thought you were leaving the board. You’re very annoying. My .02
[/quote]
I've got an idea. Just skip what I write. I know more
about what you boys and girls do for a living than all of you put
together.
You should go to bed every night with a prayer on your lips, "Thank you God for Put Trader and all he can teach me."
I’ve got an idea. Don’t post anything else, you moron…
No…let put stay…we need a guy like put for amusement. Like a clown or a monkey on a tricyle.
I do thank God for you, Put. But for a whole 'nother reason that you’re incapable of understanding.
Tell me something Put Trader. Are you on crack? That would explain a lot.
[quote=Phlyin’ Phule]Tell me something Put Trader. Are you on crack? That would explain a lot.[/quote]
Curious question. Why in the world would I need to alter my reality?
[quote=Starka]I do thank God for you, Put. But for a whole
’nother reason that you’re incapable of understanding. [/quote]
Please tell me that you’re not another poor soul who suffers from hero
worship when you think about me. I do not want to be your role
model, regardless of how much you beg.
Maybe you're right.
I don't know of any drug that could help you create an alternate reality any further from, or more bizarre than your current choice.
So how are things going down at McDonalds?
[quote=Phlyin’ Phule]
Maybe you’re right.
I don't know of any drug that could help you create an alternate reality any further from, or more bizarre than your current choice.
So how are things going down at McDonalds?
[/quote]Ah, the clever repartee of the mentally handicapped.
God, please deliver me from the mental midgets and bring on somebody worthy of shining my shoes.
[quote=Put Trader][quote=Starka]I do thank God for you, Put. But for a whole 'nother reason that you're incapable of understanding. [/quote]
Please tell me that you're not another poor soul who suffers from hero worship when you think about me. I do not want to be your role model, regardless of how much you beg.
[/quote]
This from the same self-proclaimed Senior Vice President and Mensan who doesn't know that there's a difference between 90% and 90th Percentile.
No, I don't aspire to be self delusional liar, so I don't think you'll need to worry about being my role model today.
Tomorrow either.
[quote=Starka]
This from the same self-proclaimed Senior Vice President and Mensan who doesn't know that there's a difference between 90% and 90th Percentile.
No, I don't aspire to be self delusional liar, so I don't think you'll need to worry about being my role model today.
Tomorrow either.
[/quote]It's OK, Starka, lots of people gaze at me as I walk by wishing they were as interesting a person as I am. It's a role I've become accustomed to.
As for the 90th percentile drivel. I understand that you losers seek refuge in the argument that your score of 80 is higher than 90% of the population, but it's still just an 80, it still means that you missed 20%.
Somebody who scores 120 on the golf course is in the shot a better game than 99% of the people on earth--but they're not playing the game very well.
Tell me, Starka, what pride is there in not being able to do something that most people cannot do just because you're part of the majority?
When did I ever say that there's anything I can't do?
I've already proved an excellence in the military that you could never do. I didn't need a general for a father. I rose to command on my own.
Even ignoring your inferior educatio, given your mirror-kissing attitude, you could NEVER rise to my level.
[quote=Starka]
When did I ever say that there’s anything I can’t do?
I've already proved an excellence in the military that you could never do. I didn't need a general for a father. I rose to command on my own.
Even ignoring your inferior educatio, given your mirror-kissing attitude, you could NEVER rise to my level.
[/quote]The question, dear boy, was not aimed at you--that you take everything personally is indicative of a horrible lack of self pride.
What I asked was, "What pride is there in not being able to do something just because most people cannot do it" and you whine that I'm talking about you. A less tolerant guy would think that that is a sure sign of self doubt.
The putting your fingers in your ears and screaming, "Stop talking about me" response to simple questions.
It would be fun to hear how you think that I benefited from my father's career--seeing as he was a Lt. Colonel when I joined the regional staff. It is true that having a successful father tends to make the sons want to be successes too--and his three sons did just that. I'm only the second most successful, my kid brother (well he's 56 years old, so he's not really a kid) is the COO of a bank holding company.
Families of overachievers learn to live with the green eyes of envy staring at them everywhere they go--ours is no different.
Good mental health dictates that you set the hatred aside and try to figure out a way to mirror your own career on mine--or on my kid brother's--or on my fathers.
The other son is not mentioned because he's dead. Killed in a head on collision more than twenty years ago. At the time he was the owner of a string of retail outlets that were incredibly popular--my brother and I inherited them, held them for a year and sold them.
Life is good when you're a member of the Trader family. Don't you wish you were one of us?
If the question was not aimed at me, then why does it start with my name?
I repeat...I believe that you're a self-delusional liar.
[quote=Starka]
If the question was not aimed at me, then why does it start with my name?
I repeat...I believe that you're a self-delusional liar.
[/quote]I used your name because I was solciting your response. I forget that those filled with self-loathing often take things literally. I'll try again.
Starka, you are constantly saying that I am insensitive to others, and perhaps I am. However, I don't find any source of pride in being unable to accomplish something just because most people cannot accompliish it either.
Do you agree that there is no pride in being a member of a majority when the majority is failing at a goal?
And, don't forget to explain the envy you have for my brothers and me concerning our choice of a father.
Put, not sure why you come to this forum. Could you explain. Most of the posts I read from you are negative in nature.
[quote=maybeeeeeeee]Put, not sure why you come to this forum.
Could you explain. Most of the posts I read from you are negative
in nature.[/quote]
I’ll try. Could you point me to something that you consider negative?
LOL… Thanks all for the input
Could you please send me your options studying sheet?
I am taking the exam in just under 2 weeks. I have been studying for a few months, but only sporadically, since I am a working mom of three toddlers. Thanks so much!Source URL:https://www.wealthmanagement.com/forums/rookies-trainees/how-much-study-series-7