Series 79
Series 79
The Series 79 exam — the Investment Banking Representative Exam — assesses the competency of an entry-level registered representative to perform their job as an investment banking representative.
75 Questions
2h 30m
73%
87%
Requisites
Corequisites
Topics
- Collection
- Analysis and Evaluation of Data
- Underwriting
- Types of Offerings
- Registration of Securities
- Mergers & Acquisitions
- Tender Offers
- Financial Restructuring Transactions
Retake Wait Periods
After the first or second time a candidate fails the Series 79 exam, there is a mandatory 30 day waiting period before they can take the exam again. After the third (and subsequent) fails, the waiting period increases to 180 days. Your company must re-sponsor you before you sit down for any retakes. The $395 exam fee applies each time they take the exam.
What’s Next
If you are interested in a broader range of securities supervision, the Series 24 exam is the next logical step. This would certify you as a General Securities Principal, giving you the ability to supervise a more comprehensive range of securities activities. For those with a keen interest in municipal securities, the Series 52 or Series 53 exams would be good additions.
Prep Packages
Be confident, fully prepared, and ready to pass.
The Series 79 exam requires a solid understanding of a broad range of concepts and the ability to apply them in various scenarios. You need a comprehensive prep course that will make you feel confident, fully prepared, and ready to pass.
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Virtual, Online Classes
Led by industry experts, providing students with pertinent securities exam essentials and the knowledge needed to successfully pass.
Course Material
Your Ultimate Resource
We have created the ultimate resource to help ensure you pass — the first time. Developed by experts in FINRA licensing, our coursework incorporates everything you need to know to successfully take this important step in advancing your career.
Multi-level Assessments
Includes Quick Quizzes at the topic level.
Chapter Video Lectures
Created by expert Instructors, aligned with the book’s content.
Animated Videos
Reinforcing key concepts and test-taking strategies with simulated exam questions.
Scored and Graded Assessments
Check Your Understanding, Chapter Exams, Mid-Term Exams, and Fixed Final Exams.
Clear and concise course material
Increased efficiency in learning, allowing more time for Final Practice Exams.
Intuitive & Modern User Interface
Our LMS allows you to engage easily and keep careful track of your progress, so you can focus on learning.
FAQs
Once you pass the Series 79 exam, you are licensed as an Investment Banking Representative, enabling you to advise on or facilitate debt or equity offerings through a private placement or a public offering. It’s a specialized role focusing on the investment banking sector. If you are interested in a broader range of securities supervision, the Series 24 exam is the next logical step. This would certify you as a General Securities Principal, giving you the ability to supervise a more comprehensive range of securities activities. For those with a keen interest in municipal securities, the Series 52 or Series 53 exams would be good additions. The Series 52 qualifies you as a Municipal Securities Representative, while the Series 53 licenses you as a Municipal Securities Principal. If your career aspirations involve securities trading, then considering the Series 57 exam, which licenses you as a Securities Trader, would be beneficial.
You have 2 hours and 30 minutes to complete the exam. You can take a break but the clock will continue to count down. 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.
There are 75 questions on the exam.
A score of 73% is required for passing.
Note: Your score will be rounded down to the next lowest whole number (e.g. 72.9% would be a final score of 72%--not a passing score for the Series 79 Exam).
We recommend studying 65-75 hours over a six-week period.
Additional information can be found on the FINRA website.
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. Additionally, the Series 79 exam requires a broad knowledge of the rules, regulations and industry practices that govern US capital markets and investment banking.
The 14-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.
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, 2018.