Studying and preparing for the exam will vary depending on the time you can dedicate to it. Home study courses given by American Investment Training recommend a plan of 6-8 weeksconsisting of 2 hours daily. The course will cover each subject in depth and give you plenty of chapter questions and answers. The Series 7 course is designed to get you to pass the exam on the first try.
There will also be several final exams that simulate the actual test content and you might wantto use a computer testing program as well. A computer testing program can give you good visual studying because the real exam will be very similar to the computer testing program.
The SERIES 7 spreads out the different subjects throughout the test. You will be given a calculator to use at the center. Applicants are not permitted to bring their own. Scrap paper will be given to you as well for you to use during the test. Once the test officially starts you can write down anything you want (Formulas, Rules etc.). The computer also offers the student the ability to change their answers at the end of the first or second part of the test.
Meaning, if you wish to change an answer to a question in the first half, you will have to wait until the end of the first half to do it. Once the second half starts, you will be unable to view your first half. Basically, you are taking 2 different 125question exams. Even if you are unsure what the correct answer to a question is, you must enter something before the next question is shown.
Your grade is given immediately on your screen at the conclusion of the test and a print out will be given to you. Your sponsoring Firm will receive a copy as well. The national first time passing rate for the SERIES 7 is around 60% but if you use a top training company, the rate is more like 80%. Now, we don’t like to think about anything negative but if you do fail the test, you will have to wait 30 days to re-take it. Should you fail the test 3 times, and then there is a mandatory 6 month wait for re-applying. As long as you study consistently and pass your practice exams, you should pass your exam on the first try.
Visit Global Career Schools for more Series 7 info and Home Study Course Options at the link to follow. SERIES 7 STUDY
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