What is the difference between series 7 and series 79

Advising on or facilitating mergers and acquisitions, tender offers, financial restructurings, asset sales, divestitures or other corporate reorganizations or business combination transactions, including, but not limited to rendering a fairness, solvency or similar opinion. A Series 79 license qualifies an individual to advise on or facilitate debt or equity offerings through a private placement or public offering or to advise or facilitate mergers or acquisitions, tender offers, financial restructurings, asset sales, divestitures or other corporate reorganizations or business combination transactions.

You will also be required to take the Securities Industry Essentials SIE exam, unless you have passed certain other licensing exams such as the Series 7 prior to October 1st, The questions on the Series 79 exam are drawn from three different subject areas that FINRA deems to represent the major job functions of entry-level investment bankers:. The questions are presented randomly; in other words, the exam itself is not divided into three sections.

Questions from each section appear throughout the exam. The exam is 2 hours and 30 minutes long. There is no penalty for wrong answers, so if you run short of time, try to answer every question, even if you have to guess. Note: Your score will be rounded down to the next lowest whole number e. The member FINRA Series 79 exam committee meets regularly and they work hard to keep the questions fresh, accurate and relevant. You should assume that the 79 exam will test current laws and practices.

Solomon Exam Prep customers who have passed the Series 79 exam say that it is a difficult exam, particularly for test-takers who do not have education and work experience in accounting and finance. A score of 72 or better is considered passing. Sixty percent of the exam will cover State Securities Acts and related rules and regulations.

Forty percent of the exam will cover ethics and fiduciary obligations. It does not allow a professional to sell securities, but rather, to offer investment advice. The three-hour long exam consists of multiple-choice questions. A score of 72 is required to pass the test. Although each is independent of the other, the general industry consensus is that a representative with a Series 7 license who wants to work investment banking should earn the Series 79 license. Officially listed as Investment Banking Limited Representatives by FINRA, Series 79 license holders are usually associates at an investment bank, investment banking analysts, or investment bankers.

If you earn this license, you will most likely work in an investment firm or bank. Earning a Series 79 license involves four key steps:. FINRA is the governing body that ensures that anyone who sells securities products is qualified and tested. You should take the Series 79 top-off exam if you want to be licensed to sell investment banking products. Fortunately, most firms that hire or train you will have a mandatory Series 79 licensing program included in their training package. There are no education requirements to sit for the Series 79 exam, although most candidates have a college degree in a finance-related field, and many choose to complete a Series 79 exam prep package before sitting for the exam.

Of course, you have to pass both to earn your Series 79 license. It depends. You might not need the Series 79 if you have a Series 7 license, and you want to sell a broader range of securities than those associated with investment banking. However, Series 7 license holders usually earn their Series 79 licenses if they plan to focus investment banking as registered representatives. You should consult with your firm before deciding whether you need a license or not.

Like all other securities qualification exams, the Series 79 exam is administered by computer at a Prometric testing center. The date of the Series 79 exam is a day window that is opened when a candidate enrolls for the exam. Used the STC materials for the 79 and 63, and I thought both taught what needed to be taught. Private Equity Interviews. Thank you very much!

Toughest PE Interview Questions. Thank you! Financial Modeling Courses. I probably spent around hours on material for 79 practice tests are long because the real test is long , Make sure you go through as many practice tests as you can for both exams.

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Is it just to make sure you know the rules? View 4 replies. Also how hard are these? Thanks and would appreciate advice. View 2 replies. Leave this field blank. Investment Banking Interview Case Samples.

Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Related Content See more. Series 79 and Series Want to Vote on this Content?! No WSO Credits? Sorry, you need to login or sign up in order to vote. As a new user, you get over WSO Credits free, so you can reward or punish any content you deem worthy right away. See you on the other side! Join Us Already a member? What are your predictions? Associate big baller Anyone have experience doing IB with a long distance gf?

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