Series 24
Series 24
The Series 24 exam — the General Securities Principal Qualification exam (GP) — covers five major job functions with a focus on supervision of general broker-dealer activities.
150 Questions
3h 45m
70%
70% - 75%
Topics
- Supervision of registration
- Investment banking
- Trading
- Customer accounts
- General broker-dealer activities
Retake Wait Periods
After the first or second time you fail the Series 24, there is a mandatory 30-day waiting period before you can take the exam again. After the third (and subsequent) fails, the waiting period increases to 6 months. The $235 exam fee applies each time you take the exam.
What’s Next
For potential managers, principles, and directors, the Series 24 exam is a great way to further your career. Depending on the path you choose, you’ll also be required to pass a co-requisite exam, such as Series 57, Series 79, Series 82 and Series 86/87, or Series 16 for specialized principal roles.
Prep Packages
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Even for solid test-takers, Series 24 — like many exams — will try to stump you on the question language or format. You need prep that will leave you confident, ready, and prepared 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
The Series 24 exam does not expire unless you leave the employ of the member firm. There is a 2-year grace period — after the 2-year employment lapse, you must retake both pre-requisite and Series 24 exams.
After passing the Series 24 exam, you can assume a managerial role within a financial services firm. For potential managers, principles, and directors, the Series 24 exam is a great way to further your career. Depending on the path you choose, you’ll also be required to pass a co-requisite exam, such as Series 57, Series 79, Series 82 and Series 86/87, or Series 16 for specialized principal roles.
Not everyone can take the Series 24 — sponsorship from a FINRA member firm is required, meaning a candidate must first be hired by a FINRA member firm.
Yes, passing the SIE and the appropriate representative license, which is typically Series 7. Co-requesites include: Series 57, Series 79, Series 82 and Series 86/87, or Series 16 for specialized principal roles.
Yes, you are able to use a calculator on the Series 24 exam. Although this exam is not math-heavy, the testing center will provide students with a calculator, if needed.
You cannot bring in anything with you to take the Series 24 exam. No pen, pencil, calculator, cell phone, smart watch, or paper. Everything is prohibited.
You may take the Series 24 exam as many times as it takes to pass. Note there is a 30 day waiting period after your first and second failed attempt, and a 6-month waiting period after the third failed attempt and beyond.
After the first or second time you fail the Series 24, there is a mandatory 30-day waiting period before you can take the exam again. After the third (and subsequent) fails, the waiting period increases to 6 months. The $120 exam fee applies each time you take the exam.
Visit Finra.org to enroll for the Series 24 exam. The exam fee is $120, and a sponsoring firm must complete the required paperwork.
Yes. The Series 24 is much harder due to the complexity of the material.
The Series 24 exam has an industry pass rate of approximately 70%.
The minimum passing score for the Series 24 exam is 70%.
The Series 24 exam consists of 150 multiple choice questions.
You will have 3 Hours and 45 Minutes to complete the Series 24 exam.
When preparing to take the Series 24 exam, you should plan to study for 70-80 hours. Typically, candidates study over the course of 3-4 weeks. The time you need to spend preparing for the exam varies depending on your familiarity with the material. Our adaptive preparation provides extra help where needed to make sure you spend your study time wisely and take the test with confidence.