Series 7 Retake Tips

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Jan 28, 2014 7:42 pm

Hi all,

I currently work at a broker-dealer as a Client Services Assistant.  Although I do not need to take my Series 7, I would like to take it because I would like to be able to place trades and I would eventually like to move into a higher position at the firm (or another firm).  I studied for the Series 7 on and off between August to December and took the exam on December 27.  I'm using STC material -- the manual, on demand lecture, and progress exams.  Unfortunately, I failed and took a mini "break" to clear my mind before I started studying again.  I didn't do so well on munis and making investments suggestions to clients, but I definitely aced how to open accounts since it's one of my job duties.

For those who have taken it the second time, what are your tips on studying again?  Should I reread/skim through the book again?  Should I rewatch the on demand class?  Should I retake as many progress exams?

Any help and advice would be greatly appreciated!

Jan 29, 2014 12:50 pm

I passed on the first try but I can still offer some suggestions. It does not sound like you have much investment experience. People with little or no investment experience ( on the job or academic) should read the book more than once. I typically recommend doing exams once and marking down the questions answered incorrectly or guessed on. The second time you take the exams, you should focus on this subset. It is not productive to take the exams over and over again, as some people suggest. Memorizing questions and answers is not a good strategy. The questions on the exam are going to look very different. For investment suggestions type questions, try to get some fresh questions and speak with people who make recommendations.

Good luck on the second attempt

Jan 30, 2014 8:43 pm

Thank you so much for your help! Hopefully it works out for me the second time around