Best FINRA Series 79 Study Guides

Becoming an investment banker requires passing the FINRA Series 79 exam, a crucial qualification test. This exam evaluates your ability to advise on public and private offerings and sales, similar to the Series 7 exam. To succeed, you’ll need dedicated study time and effective preparation.

I’ve evaluated several Series 79 prep courses to help you choose the best study guides. These courses offer various materials, such as practice exams, live content, and support options, making it easier for you to prepare thoroughly and achieve your goal of becoming a licensed investment banker.

Key Takeaways

• Passing the FINRA Series 79 exam is essential for investment banking.
• A good prep course can boost your chances of passing.
• Various study guides offer different resources like practice exams and support.

1. Securities Institute of America Series 79 Study Materials

The Securities Institute of America (SIA) Series 79 course is a comprehensive educational program designed to prepare candidates for the Investment Banking Representative Exam, administered by the Financial Industry Regulatory Authority (FINRA). This exam is a critical step for individuals seeking to enter the investment banking industry, as it validates their knowledge and skills in key areas such as mergers and acquisitions, underwriting, and financial restructuring.

Course Overview

The SIA study package typically includes a range of resources such as a detailed study guide, practice exams, and video lectures. The study guide is organized into clearly defined sections that correspond to the exam’s content outline. Practice exams mimic the actual Series 79 exam format, helping students gauge their readiness and identify areas that need further review. The video lectures provide an interactive and engaging way to understand complex concepts, with expert instructors breaking down difficult topics.

In addition to the core study materials, the SIA offers additional resources such as flashcards, a question bank, and a progress tracker. These tools reinforce learning and ensure that candidates are well-prepared for exam day.

Key Features

Comprehensive Study Guide: The guide covers all aspects of the Series 79 exam, including regulations, industry practices, and analytical methods. It is structured for easy navigation, making it simple for candidates to focus on specific topics.

Practice Exams: These exams are designed to simulate the actual test environment. They include a variety of question types found on the Series 79 exam, such as multiple-choice questions and case studies. Detailed explanations of answers help reinforce understanding.

Video Lectures: Expert-led video sessions explain complex concepts clearly and concisely. These lectures are valuable resources for visual learners and those who prefer an interactive learning experience.

Flashcards: Flashcards are a portable study tool that helps reinforce key terms and concepts. They are particularly useful for quick review sessions.

Question Bank: An extensive bank of questions allows candidates to practice as much as needed, with the ability to track performance and focus on weak areas.

Progress Tracker: This tool helps candidates monitor their study progress, set goals, and ensure they are on track to complete their studies in time for the exam.

Mobile-Friendly: The materials are accessible on various devices, allowing candidates to study on the go. The mobile-friendly format ensures that candidates can make the most of their study time, regardless of their location.

Pros and Cons of the SIA Series 79 Course

Pros

• Comprehensive Coverage: The SIA Series 79 study materials cover all the necessary topics in detail, providing a solid foundation for exam preparation.
• Practice-Oriented: With numerous practice exams and a vast question bank, candidates have ample opportunities to test their knowledge and get accustomed to the exam format.
• Expert Instruction: The video lectures are led by industry experts who break down complex topics, making them easier to understand.
• Flexibility: The materials are accessible on multiple devices, allowing for flexible study schedules. This is ideal for candidates who are balancing work and study.
• Progress Tracking: The progress tracker helps candidates stay organized and motivated, ensuring they complete their studies on time.

Cons

• Cost: The SIA study materials can be more expensive compared to other options on the market, which might be a consideration for those on a budget.
• Time-Consuming: The comprehensive nature of the materials means that it can be time-consuming to go through everything thoroughly, which might be challenging for those with limited study time.
• Heavy Reliance on Self-Discipline: The course’s flexibility requires a high level of self-discipline. Without a structured classroom environment, some candidates might struggle to stay on track.
• No Live Interaction: While the materials are comprehensive, the lack of live interaction with instructors may be a downside for those who prefer real-time feedback or need additional clarification on certain topics.
• Overwhelming for Beginners: The depth and detail of the materials might be overwhelming for those new to the investment banking field, requiring additional effort to grasp complex concepts.

2. Securities Training Corporation Series 79 Exam Prep Guide

Preparing for the Investment Banking Representative Qualification Examination (Series 79) requires a thorough and structured approach. The Securities Training Corporation (STC) offers a comprehensive Series 79 Exam Prep Guide designed to equip candidates with the knowledge and skills necessary to succeed in this critical exam. The guide is created to help aspiring investment banking professionals master the key concepts and functions required for success in their roles.

Course Overview

The STC Series 79 Exam Prep Guide provides a comprehensive study program that includes various study materials, practice exams, and instructor support. It is all aimed at ensuring candidates are well-prepared to pass the exam. The course is structured to accommodate different learning styles and schedules, offering flexibility for self-paced study while also providing the option for more structured learning through live or on-demand classes.

Key Features

• Comprehensive Study Materials: The course includes a full set of study materials, such as textbooks, study guides, and online resources that cover all the topics outlined in the Series 79 exam content outline. These materials are updated regularly to reflect the latest industry trends and regulatory changes.
• Practice Exams and Quizzes: To help reinforce learning and gauge progress, the course offers numerous practice exams and quizzes that mimic the actual exam format. These practice tests are designed to test the candidate’s knowledge and identify areas where further study is needed.
• On-Demand and Live Classes: For those who prefer a more guided study experience, STC offers both on-demand and live classes led by experienced instructors. These classes provide in-depth explanations of complex topics, offer tips for exam success, and allow for interaction with instructors and peers.
• Instructor Support: Throughout the course, candidates have access to expert instructors who are available to answer questions, provide clarification on difficult concepts, and offer study tips and strategies.
• Flexible Learning Options: The course is available in various formats, including fully online, hybrid (online with some in-person components), and in-person classes at specific locations. This flexibility allows candidates to choose the learning method that best suits their schedule and learning preferences.
• Progress Tracking and Performance Analytics: The course platform includes tools for tracking progress, reviewing performance analytics, and customizing study plans based on individual strengths and weaknesses.
• Mobile Access: The course materials and practice exams are accessible on mobile devices, allowing candidates to study on the go.

Pros and Cons of the Series 79 Exam Prep Guide by STC

Pros

• Comprehensive Coverage: The course provides thorough coverage of all topics required for the Series 79 exam, ensuring that candidates are well-prepared.
• Flexible Learning Options: With online, hybrid, and in-person formats, candidates can choose the learning style that best fits their needs and schedules.
• High-Quality Study Materials: The study materials are well-organized, detailed, and regularly updated to reflect the latest industry standards and regulatory changes.
• Extensive Practice Tests: Numerous practice exams are available, helping candidates become familiar with the exam format and identify areas for improvement.
• Expert Instructor Support: Access to knowledgeable instructors provides additional support and guidance, which can be particularly beneficial for difficult topics.
• Performance Analytics: The platform’s progress tracking and performance analytics allow candidates to monitor their progress and adjust their study plans accordingly.

Cons

• Not Always Beginner-Friendly: For those completely new to the field of investment banking, some of the materials may be challenging to grasp without prior knowledge or experience.
• Cost: The course can be relatively expensive, which might be a consideration for individuals or firms with limited training budgets.
• Time Commitment: Although the course is comprehensive, it may require a significant time commitment, especially for those with full-time jobs or other responsibilities.
• Varied Class Experience: The quality of live classes can vary depending on the instructor, and some candidates may find that certain classes do not meet their expectations.

3. Kaplan Series 79 Course Comprehensive Review4o

The Kaplan Series 79 Course is a comprehensive and structured program. It prepares aspiring investment banking professionals with the knowledge and skills needed for the Investment Banking Representative Qualification Examination. This course helps candidates master key concepts and functions essential for success in their roles. The study materials ensure that candidates are well-prepared to tackle the challenges of the Series 79 exam.

Course Overview

The Kaplan Series 79 Course covers all essential topics needed to pass the exam, including:

1. Collection, Analysis, and Evaluation of Data: In-depth understanding of financial statements, valuation techniques, and quantitative analysis to assess a company’s financial health.
2. Underwriting/New Financing Transactions: Knowledge of the processes involved in managing public offerings and private placements, including due diligence, documentation, and regulatory requirements.
3. Mergers & Acquisitions, Tender Offers, and Financial Restructuring Transactions: This section provides insights into the legal, regulatory, and financial aspects of M&A, including deal structuring, financing, and negotiation.
4. General Industry Knowledge: Broad understanding of the financial markets, regulatory environment, and the role of investment bankers within the industry.

Key Features

• Self-Paced Online Learning: The course is designed to be flexible, allowing students to learn at their own pace. The content is available online, making it accessible from any device with an internet connection.
• Instructor-Led Classes: Kaplan offers live online classes led by experienced instructors who provide guidance, answer questions, and offer insights into exam strategies.
• Comprehensive Study Materials: Kaplan provides an extensive range of study materials, including textbooks, practice exams, quizzes, and flashcards. These materials are regularly updated to reflect the latest exam content and industry trends.
• Practice Exams: The course includes multiple practice exams that simulate the actual Series 79 exam. These practice tests help students gauge their readiness and identify areas that need further review.
• Study Calendar and Planner: Kaplan provides a study calendar and planner to help students organize their study schedules and ensure they cover all necessary topics before the exam date.
• Performance Tracking and Analytics: The course features tools that track student progress, offering insights into strengths and weaknesses. This data-driven approach helps tailor the study plan to focus on areas that need improvement.

Pros and Cons of the Kaplan Series 79 Course

Pros

• Comprehensive Content: Kaplan’s course material is thorough, covering all exam topics in detail, which helps students build a strong foundation for the Series 79 exam.
• Flexible Learning: The self-paced nature of the course allows students to study according to their own schedule, which is ideal for working professionals.
• Experienced Instructors: Kaplan’s instructors are knowledgeable and experienced in the industry, providing valuable insights and real-world examples that enhance learning.
• High-Quality Practice Exams: The practice exams closely mimic the format and difficulty of the actual Series 79 exam, providing students with a realistic test-taking experience.
• Performance Analytics: The course’s performance tracking features allow students to monitor their progress and adjust their study plan accordingly, which can improve their chances of success.

Cons

• Cost: Kaplan’s Series 79 course can be relatively expensive compared to other exam prep providers. The high cost may be a barrier for some individuals.
• Intensity of Content: While comprehensive, the depth and breadth of the content can be overwhelming for some students, particularly those with limited prior knowledge of investment banking.
• Limited Live Interaction: Although the course offers live instructor-led sessions, the opportunities for real-time interaction may be limited compared to traditional classroom settings.
• Self-Discipline Required: The self-paced nature of the course requires a high level of self-discipline and motivation. Students who struggle with self-guided study may find it challenging to keep up with the course material.

4. Knopman Marks Series 79 Overview

The Knopman Marks Series 79 Course is a meticulously designed program aimed at preparing candidates for the Investment Banking Representative Qualification Examination. This comprehensive course is tailored to equip aspiring investment banking professionals with the knowledge and skills necessary to excel in their roles. By focusing on the three major job functions of investment banking—data collection and analysis, underwriting/new financing, and mergers and acquisitions—the course ensures that candidates are thoroughly prepared for the challenges of the Series 79 exam. With a blend of interactive learning tools, expert guidance, and flexible study options, the Knopman Marks Series 79 Course stands out as a robust and effective preparation solution.

Course Overview

The Series 79 Exam is known for its complexity, covering a wide range of topics including investment banking, financial analysis, and valuation techniques. Knopman Marks has structured this course to provide a deep understanding of the material through a combination of video lectures, study materials, practice exams, and interactive resources. The course is self-paced, allowing students to tailor their study schedule according to their needs.

Key Features

• Comprehensive Video Lectures: The course includes a series of in-depth video lectures covering all the exam topics. These lectures are delivered by experienced instructors with extensive knowledge in the investment banking field.
• Interactive Study Plan: Knopman Marks provides an interactive study plan that helps students stay on track with their preparation. The plan is customizable, allowing students to adjust their study schedule according to their progress and personal commitments.
• Extensive Practice Questions and Exams: The course offers a large bank of practice questions and full-length practice exams that mirror the format and difficulty level of the actual Series 79 Exam. This feature is designed to help students assess their understanding and readiness for the exam.
• Detailed Study Guides and Supplements: In addition to video lectures, students have access to detailed study guides, textbooks, and supplements that provide thorough explanations of key concepts and exam strategies.
• Mobile Access: The course materials are accessible on multiple devices, including smartphones and tablets, allowing students to study on the go. This flexibility is ideal for professionals with busy schedules.
• Instructor Support: Knopman Marks offers ongoing support from instructors who are available to answer questions and provide additional explanations as needed. This feature ensures that students have access to expert guidance throughout their preparation.
• Performance Analytics: The course includes tools for tracking progress and identifying areas where students need further review. Performance analytics help students focus their study efforts more efficiently.

Pros and Cons of the Knopman Marks Series 79 Course

Pros

• Expert Instruction: The course is taught by highly experienced professionals who provide clear and insightful explanations, making complex topics easier to understand.
• Comprehensive Coverage: The course covers all aspects of the Series 79 Exam in detail, ensuring that students are well-prepared for the test.
• Flexibility: The course’s self-paced nature, along with mobile access, makes it easy for students to fit their study time around their other commitments.
• Extensive Practice Resources: The large number of practice questions and exams allows students to thoroughly test their knowledge and build confidence before the actual exam.
• Strong Support System: Instructor support and performance analytics provide additional layers of assistance, helping students address any weaknesses and stay on track with their preparation.

Cons

• Cost: The Knopman Marks Series 79 course can be expensive, which may be a consideration for individuals or firms with limited training budgets.
• Time Commitment: Although self-paced, the course requires a significant time commitment to fully absorb the material, which could be challenging for busy professionals.
• Overwhelming for Beginners: The depth and breadth of the course content may be overwhelming for those who are completely new to the field of investment banking.
• Limited Live Interaction: While instructor support is available, the course does not offer live classes or real-time interaction, which some learners might prefer for a more traditional classroom experience.

FINRA Series 79 Exam FAQs

What can you do with a Series 79 license?

With a Series 79 license, you can begin a career in investment banking as an entry-level representative. This role requires you to also pass the Securities Industry Essentials (SIE) exam for full registration in the investment field.

How long is the Series 79 exam?

The exam has 75 multiple-choice questions to be completed in 150 minutes. These questions are split into major job functions, covering topics like capital markets, SEC filings, regulations, and tender offers. Detailed information is available on FINRA’s website.

How much does the Series 79 exam cost?

Enrollment in the FINRA Series 79 exam costs $245. Remember, this fee doesn’t cover transportation or the cost of prep courses, which could push your total expenditure above $500.

What is the wait time between Series 79 exam attempts?

You need to wait 30 days before retaking the exam if you don’t pass. If you fail three consecutive times, the waiting period extends to 180 days. Each attempt requires a new payment, so it’s best to prepare well for the first try.

Exam Preparation Tips

• Pass Rate: Though specific pass rates can change, aiming for practice exam scores of 80% or higher is advised.
• Study Material: Utilize textbooks, video lectures, and practice questions to prepare. Many resources offer a comprehensive study guide to help you succeed.
• Suitability: Make sure to understand regulatory guidelines and suitability requirements, which are essential components of the exam.

Key Areas Covered

• FINRA Regulations: Understanding the rules set by FINRA for investment banking representatives.
• Capital Markets: Knowledge of different financial instruments and market operations.
• SEC Filings: Comprehension of required filings and documentation.
• Tender Offers: Processes involved in tender offers and other corporate actions.

By focusing on these areas and preparing diligently, you’ll increase your chances of passing the Series 79 exam and starting your career in investment banking.

Frequently Asked Questions

Which study guides are most recommended for passing the FINRA Series 79 exam?

From my experience, some of the most highly recommended study guides for the Series 79 exam include those from Wall Street Prep and Kaplan Financial. These guides offer detailed explanations and cover all the key topics needed for the exam.

Where can I find practice questions for the Series 79 exam?

You can find practice questions in the study materials provided by reputable providers like Wall Street Prep and Securities CE. They typically offer question banks with detailed explanations to help you understand the correct answers.

Can I download high-quality FINRA Series 79 study guides for free?

High-quality study guides for the Series 79 exam are generally available for purchase. Free versions might not offer the comprehensive coverage and effective preparation methods that paid guides do. To get the best preparation, investing in a good study guide is often worth it.

How much time is typically required to prepare adequately for Series 79?

For someone new to investment banking, it usually takes about 50-75 hours of prep time. This can stretch over 4-6 weeks if you’re working full time. If you’re already familiar with financial statements, valuation, and M&A, it might take around 40-50 hours, often spread over 2-3 weeks.

What are the known pass rates for the FINRA Series 79 exam?

The Series 79 exam has a passing score of 73%. Achieving a practice exam score of 80 or above is generally a good indicator of readiness for the actual exam.

Are there any effective strategies for studying for the Series 79 exam?

Effective strategies for studying include creating a well-structured study plan, consistently reviewing key concepts, and taking multiple practice exams. It’s also helpful to focus on understanding the exam format and the types of questions that will be asked.