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The Series 50 Exam is required by the MSRB for representatives who will engage advising municipal entities on behalf of municipal advisory firms.
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You must be sponsored by a FINRA member firm in order to take the Series 50. Learn more about sponsorship and consider the SIE exam if you aren't sponsored.
You should complete a minimum of 800 practice questions plus the Benchmark exam to be ready to test. Strive for an average of 75%+ before your exam date.
There are a limited number of calculations on the entire exam. While there may be a swap calculation, it’s most important to understand and apply concepts rather than calculate outcomes.
Assuming you are working full-time while preparing for the examination, you should allow yourself 4-7 weeks or 50-75 hours to read through the material and complete practice exams.
Most students are able to finish the exam within the allotted time without being rushed.