Series 24 First-Time vs Repeat Pass Rates
- April 1, 2025
- Posted by: 'FINRA Exam Mastery'
- Category: Finance
The Series 24 – General Securities Principal Exam is recognized for its rigor and comprehensive coverage of supervisory responsibilities in the securities industry. While FINRA does not publish official pass rates, insights from industry professionals and educational providers offer valuable perspectives on the exam’s difficulty and success rates.FINRA+1Investopedia+1
📊 Series 24 Pass Rates: Insights from the Industry
- Official Statistics: FINRA does not release pass rate data for the Series 24 exam.
- Industry Estimates: Educational providers and industry professionals often estimate the pass rate to be around 70%, though this can vary based on preparation and experience levels.
- Educational Provider Data: Some training companies, such as Knopman Marks, report higher pass rates among their students. For instance, Knopman Marks has cited a 94% pass rate for their Series 24 candidates, attributing success to comprehensive study programs and resources .knopman.com+1knopman.com+1
🔍 First-Time vs. Repeat Candidates
While specific data on first-time versus repeat pass rates for the Series 24 is not publicly available, general trends from other professional exams suggest:
- First-Time Candidates: Tend to have higher pass rates, potentially due to more rigorous initial preparation.
- Repeat Candidates: May face challenges due to factors like test anxiety or gaps in foundational knowledge.
These trends underscore the importance of thorough preparation before the first attempt.
📝 Exam Overview
- Format: 150 multiple-choice questions, plus 10 unscored pretest questions.
- Duration: 3 hours and 45 minutes.knopman.com+1FINRA+1
- Passing Score: 70% .
- Corequisites: Candidates must have passed the SIE and one of the following: Series 7, 57, 79, 82, 86/87, or 16.Investopedia+2FINRA+2knopman.com+2
📚 Preparation Tips
- Study Hours: Allocate approximately 100 hours of study time, focusing on understanding regulatory frameworks and supervisory practices .
- Practice Exams: Utilize practice questions and mock exams to identify weak areas and build test-taking stamina.
- Study Materials: Consider reputable study programs that offer comprehensive materials and support.PatentPC
Given the complexity of the Series 24 exam, it’s crucial to approach preparation methodically. Utilizing quality study resources and dedicating sufficient time to understand the material can significantly enhance the likelihood of passing on the first attempt.