Series 24 Exam Trends: Pass Rate by Attempt Number
- April 1, 2025
- Posted by: 'FINRA Exam Mastery'
- Category: Finance
The Series 24 exam, officially known as the General Securities Principal Qualification Examination, is recognized for its challenging nature. While FINRA does not publish official pass rates, industry sources estimate the pass rate to be approximately 60%, indicating a significant level of difficulty compared to other securities exams .ExamFX Blog+2FINRA+2acquire.fi+2acquire.fi
📊 Series 24 Exam Overview
- Total Questions: 150 scored questions plus 10 unscored pretest questions, totaling 160 questions.
- Time Allotted: 3 hours and 45 minutes.
- Passing Score: 70% (i.e., 105 correct answers out of 150 scored questions).
- Prerequisites: Candidates must be associated with and sponsored by a FINRA member firm. Typically, candidates have passed the Series 7 exam prior to attempting the Series 24 .knopman.com+4acquire.fi+4securitiesce.com+4InvestopediaReddit+3FINRA+3innreg.com+3
📈 Exam Difficulty and Retake Considerations
The Series 24 exam is considered one of the more challenging FINRA exams due to its comprehensive coverage of supervisory responsibilities, including compliance, trading, and regulatory aspects. Candidates often find the material dense and the questions complex, requiring a deep understanding of the subject matter .Investopedia
While specific pass rates by attempt number are not publicly available, anecdotal evidence suggests that candidates who do not pass on their first attempt often improve their scores on subsequent tries by adjusting their study strategies and focusing on weaker areas.
🧠 Preparation Tips
- Study Duration: Allocate sufficient time for study, with many candidates recommending 80–100 hours of preparation.
- Study Materials: Utilize reputable study guides, practice exams, and courses to reinforce understanding.
- Practice Exams: Regularly take full-length practice exams to build stamina and identify areas needing improvement.
- Focus Areas: Pay special attention to topics such as supervision of trading, market making, and investment banking activities, as these are heavily tested .Reddit+3securitiesce.com+3ExamFX Blog+3
By committing to a structured study plan and thoroughly understanding the exam content, candidates can enhance their chances of passing the Series 24 exam.