FINRA Series 7 FAQ
Answers to the most common questions about the FINRA Series 7 exam.
How to get your Series 7
The first step to getting a Series 7 license is to pass the FINRA SIE Exam - or to have been grandfathered in by holding a FINRA representative-level registration on October 1, 2018. See our Achievable SIE program for more info.
The second step to getting your Series 7 license is to be sponsored by a FINRA-registered firm or a self-regulatory organization (SRO), typically your employer. After that, all you need to do is study and pass the test.
What is the Series 7 pass rate?
While the national Series 7 pass rate is not published by FINRA, it is widely accepted in the industry to be approximately 65%. Large corporations with dedicated programs typically have a higher pass rate of 75% - 80%, depending on the program.
The FINRA Series 7 Top-Off is harder than the old, pre-FINRA SIE Series 7 Exam. In the words of one of our corporate clients, it is as if they split all of the easy questions into the SIE and the more difficult questions into the Series 7 Top-Off. The good news is that the new Series 7 Top-Off is shorter, clocking in at 125 questions in 3 hours and 45 minutes.
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