Studying for the 7, and have to take after the test is revised up to 72% Pass Grade
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As I am sure you are aware, the test is changing in about a month. It is increasing the pass rate from 70%, to 72%. However, they are removing municipal securities from the exam but I do not know what they are replacing it with. The rumor I heard, was suitability.
I am studying for the 7 with the STC materials that STC says are still good for the exam because the content of what is on the test is still the same minus municipals. Unfortunately for me, I am in a NO FAIL situation. My question to those that have used STC, which chapters in the book should I highlight to really drill down on? I am 5 chapters through the material thus far and am planning on studying the chapter, then taking the topical questions after each chapter. Any guidance is appreciated.
Removing Munis?>??? That would be insane...Will new reps still be able to sell munis? My best recommendation is to buy the kaplan test bank its not that expensive...Take as many practice tests as possible until your scoring in the mid 80s...After that your good to go...I made 94% in less than 3 hours after taking about 10 full 250 question tests...the questions are much harder than the real thing so you will be very prepared for it.
Thats another curiosity, is the level of the practice tests being harder questions that the tests. I have seen some questions that are absolutely painful that I show to licensed reps and they cant even decipher it.
If your talking about calculating YTM of a bond or something that difficult then no you won't see anything like that on the actual exam. The questions on the practice test are harder to get you almost over prepared for the exam. When you sit for the exam you should actually be quite relaxed because the questions you get are so easy.
If you'd like show me a question that your're talking about, I'll let you know if there is anything even remotely the same on the exam.
Thanks for the tips. I am still struggling mightily on the types of markets, and such. Feeling very discouraged by the amount of material there is to try to remember. Thinking about buying the stc audio books to have as well. Am doing the topical exams after reading the material and am scoring anywhere from 70%-80% during those. Have yet to try to take a full practice exam.
Use Training Consultants. The woman running the company wrote for the Series 7 for over twenty years. About 1000 of the 5000 question data bank are hers.
STC is great for the 7. I thought the questions were structured similarly. I used STC almost exclusively (with a bit of fire solutions sprinkled in, which i thought was terrible) and made a 92%. If you have questions about the material, CALL the help line. They are almost always there and they will answer any questions you have.
tests 6-10 were similar in difficulty to the test. The first time I took them I think I scored from 78-84 on them, and when I retook them 3 weeks later (right before the test) I was scoring in the 91-94.5 range. Made a 92 on the test, so they are pretty good gauges.
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Use Training Consultants. The woman running the company wrote for the Series 7 for over twenty years. About 1000 of the 5000 question data bank are hers.
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I am using TC for the 66, and I do think it is good, but the amount of spamming you are doing about TC is making you look like you are getting paid to do so and is HURTING TC. Stop. They have good stuff, but you are coming off as an employee.
From what I was told by the instructor at STC, he says the test questions in STC are harder than the live exam. I am pretty much getting every question right in the 5-10 question quiz'es in the middle and end of sections, but then I use the Q&A tool and some of it looks totally foreign.
I've also been impressed with TC, and had the live session with the owner as well. I test in 3 days, so hopefully it has paid off. I was told that you will score higher on the real test than the practice tests you take in the class, so we'll see.