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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. 

Visit FINRA for more info

75 Questions

Multiple Choice

2h 30m

Duration

73%

Min Passing Score

87%

Average Passing Rate

Requisites

Corequisites

  • SIE

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.

Pass Plus Pro

Want to supplement your studies? Get a few helpful extras, like on-demand instructional videos.

$

399

Course access is for 7 months from the date of purchase

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Features

Pass Plus

If you thrive as an independent learner, this self-study package has the essentials you need.

$

285

Course access is for 7 months from the date of purchase

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Features

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Retention Over Memorization

We’ll provide you with in-depth content and practice questions that mimic the actual test — so there are no surprises come exam day.

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Virtual, Online Classes

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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.

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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.