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.
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.
Create a free account on Achievable and we'll give you access to a free Series 7 practice exam. After you decide to upgrade to our full course, you'll get unlimited access to our extensive question banks and unlimited practice exams.
Our practice exams are carefully constructed to match what you'll see on the actual Series 7, based on over a decade of training experience. Furthermore, our math-based questions are templatized so that you see different numbers each time, ensuring that you’re learning the underlying concept and not just the right answer.