How Much Does the Series 7 Exam Cost?
- April 1, 2025
- Posted by: 'FINRA Exam Mastery'
- Category: Finance
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The Series 7 exam, officially known as the General Securities Representative Exam, is a comprehensive test administered by the Financial Industry Regulatory Authority (FINRA). It assesses the competency of entry-level registered representatives to perform their job as general securities representatives.Investopedia+2FINRA+2Wikipedia+2
💰 Cost of the Series 7 Exam
- Exam Fee: $300
- Corequisite Exam: The Securities Industry Essentials (SIE) Exam is a prerequisite and costs $80. Tutors+3FINRA+3FINRA+3
- Total Cost: Approximately $380 for both exams.
📝 Additional Costs to Consider
- Study Materials: Costs can range from $50 to $300, depending on whether you choose self-study materials or enroll in a prep course. Tutors
- Private Tutoring: If you opt for one-on-one tutoring, fees typically range from $50 to $100 per hour.
- Registration Fees: Your sponsoring firm is responsible for submitting a Form U4 (Uniform Application for Securities Industry Registration or Transfer), which includes a $125 registration fee. Wikipedia+7Tutors+7Investopedia+7
📅 Exam Details
- Duration: 3 hours and 45 minutesFINRA+5SmartAsset+5FINRA+5
- Number of Questions: 125 multiple-choice questionsTutors+2Investopedia+2studyguidezone.com+2
- Passing Score: 72%
- Format: Computer-based, administered at Prometric test centersWikipedia+4FINRA+4studyguidezone.com+4
✅ Registration Process
- Obtain Sponsorship: Secure employment with a FINRA-member firm, which will sponsor you.FINRA+9Tutors+9FINRA+9
- Complete Form U4: Your sponsoring firm will file this form on your behalf.studyguidezone.com+2Tutors+2Investopedia+2
- Schedule the Exam: Once authorized, schedule your exam through FINRA’s system.Tutors
- Prepare for the Exam: Utilize study materials and practice tests to prepare.Tutors+1Investopedia+1
- Take the Exam: Attend the exam at a designated Prometric test center.FINRA+1Tutors+1
📌 Additional Information
- Exam Validity: The Series 7 license remains active as long as you are employed with a FINRA-member firm.studyguidezone.com+11Tutors+11FINRA+11
- Requalification: If you leave the industry for two years or more, you may need to requalify by retaking the exam.
- Preparation Time: It’s recommended to dedicate 80 to 150 hours of study time, depending on your background and familiarity with the material.Wikipedia
For more detailed information and resources, you can visit the official FINRA website: FINRA Series 7 Exam Overview.