Series 7 FAQ (Frequently Asked Questions)

How many questions are on the Series 7 exam?

How long is the Series 7 exam?

How is the Series 7 exam set up?

How much time can I expect to spend with the Series 7 training material?

Do I need a Series 7 class?

Where do I take the Series 7 examination?

How often is the Series 7 exam administered?

Is there a fee for the Series 7 examination?

If I fail, how long do I have to wait before I can re-sit for the Series 7 examination?

Am I allowed to take a calculator into the Series 7 examination center?

Will I be allowed to take paper into the Series 7 exam center?

Do I have to be sponsored to take the Series 7 examination?

What is the required pass rate for the Series 7 examination?

How many questions are on the Series 7 exam? The Series 7 exam is comprised of 250 questions. Broken down into two 3-hour segments of a 125 question each.

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How long is the Series 7 exam? 6 hours (two 3-hour sessions)

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How is the Series 7 exam set up? You should expect the Series 7 examination to be in a “bell-curve” format. Which means, each 3-hour session will start out with easier level questions. As you progress through the sessions, approaching the middle of each session, test questions will become more difficult. Near the end of each session exam questions will again become easier.

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How much time can I expect to spend on studies? You should plan on spending approximately 220 to 240 hours in study including the final exams. Keir Educational Resources strongly recommends you complete the Series 7 study between three weeks and 5 months. Click here for a list of study schedules.

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Do I need a Series 7 class? With accurate study materials and strong study habits, Keir will get you through. Our pass rates soar as high as 94% for first time test takers…without class! Many students do participate in a Series 7 class or Series 7 online review; see Series 7 class locations available through Keir.

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Where do I take the Series 7 examination? The Series 7 examination is a proctored exam and must be taken at a qualified exam center. To locate the one nearest you, please see www.prometric.com.

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How often is the Series 7 exam administered? Each testing center offers the exam at various dates.

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Is there a fee for the Series 7 examination? Yes, $250.

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If I fail, how long do I have to wait before I can re-sit for the Series 7 exam? You must wait 30-days to re-test; however, if you fail more than three times, you MUST wait 6 months before you are eligible again.

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Am I allowed to take a calculator into the Series 7 examination center? No, however, the exam center will provide a calculator upon request.

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Will I be allowed to take paper into the Series 7 examination center? No, however, the exam center will provide scratch paper upon request.

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Do I have to be sponsored to take the Series 7 examination? Contact the FINRA for information at www.nasdr.com or 202-728-8000.

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What is the required pass rate for the Series 7 examination? The required pass rate for the Series 7 exam is 70%.

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