I know it's been asked before
but I would still appreciate any input.
I am scheduled to take my 7 at the end of next month (Feb).
My question is, how much time should I average a day reading and working on the material? I want to get this knocked out on my first go and any other advise would be extremely useful as I truly am excited about being asuicidal for the next two years and becoming a FA. Thanks a bunch!
It depends on how fast of a learner you are. I studied at least 8 hours a day including weekends.
Hope that helps
i have heard people studying for a week and passing and others for 2 months. Pass rate on the exam is low like 60%. I would expect most people that study only a week or two get killed on it and drag down the pass rate.
i know how to study I can say that much. How fast of a learner am I? I can't grasp things in one go. I'll confidently say I have to go through something that truly confuses me at most 3 times before it's locked in my head and understood.
My problem is I get home from work around close to 6pm so, realistically, I can only spend 3-4 hours of my evening studying (i do not intend losing sleep as I don't think that will be helpful in the long run). My intention is to study anywhere between 6-8 hrs on the weekend in the mornings.
Honostly I'm really focusing on getting what I need to do to get through the book so I can spend some good time with my practice exams and cd.
I appreciate the replies guys.
How strong is your desire to pass? If it’s low, don’t study much. If it’s high, study your butt off.
You guys should forget this business. It’s virtually impossible to start these days. Choose a more promising career.
^well if everyone did that then there wouldn't be any FA's and you would be making all the money now wouldn't you :)
I have a backdoor situation. I have worked for my current firm for quite a while and have made some really good "friends". (yes, i use that term loosely).
Anyways, I am to team up with a person here who has north of 90 million in assets in his book. His problem is that his roa isn't where it needs to be and he wants me to call those assets. any new clients i bring in we split and i also get a very fair split on the commisions.
I wouldn't be doing this if it weren't for two things:
1) I knew I couldn't be great at it and
2)The circumstance wasn't right
I'd say that you'll be fine if you truly put in the time you intend to. Spend about 70% of that time on the conputer test bank and the remaining time on going through the book once and then reviewing sections that you test poorly on.