Series 79: Investment Banking Representative Exam Training
Beginning October 1, 2018, candidates who do not have an open FINRA exam window for the Series 79 are required to take the new Series 79 Top-Off exam instead. Also, they may be required to take the SIE Exam as a co-requisite. Please navigate to those pages to enroll in our study programs. You should only be purchasing materials on this page if you had an open exam window for the Series 79 prior to October 1, 2018. If you are not sure, please confirm with your registration and compliance department. For more information on the exam restructuring, please click here or call our office.
The Series 79 Exam is required by FINRA for representatives who will engage in investment banking activities, including advising on or facilitating debt or equity offerings through private placements or public offerings, and advising on or facilitating mergers and acquisitions, tender offers, financial restructurings and asset sales.
- Series 79 Textbook (Physical & Electronic Versions)
- Online & Printable Practice Exams
- 11+ hrs of Video Lectures
- Digital Flashcards
- Mobile App for offline training (iPhone & iPad)
- Downloadable Class Supplements
- Final Benchmark Exam
- Personal Instructor Support
About The Series 79 Exam
Number of Questions: 175 scored questions (plus 10 ungraded experimental questions).
Exam Structure: 1 session covering all topics. All questions are multiple choice.
Time to Complete: 5 hours
Passing Score: 73%
Recommended Study Time: 100 hours
"Knopman gave me the training and guidance I needed to pass the Series 79 exam. I was taught exactly what I needed to focus on, and through the training I was able to figure out my strengths and weaknesses I needed to work on in order to stay on track to pass."
"The preparation for the Series 79 by Knopman financial was outstanding, the test covered a wide variety of material that I would not have been able to conquer on my own. The practice tests and material were all highly beneficial to my success on the exam."
"I thought the program was set up well especially in regards to having the FINRA and IPO/Regulation stuff early on in the week...Everybody I know had no experience with most of the material coming in and passed with flying colors."
There is no break during the exam. You are permitted to use the bathroom, but the clock will not stop.
You must be sponsored by a FINRA member firm in order to take the actual examination.
If you come to class having read the material you should give yourself about one week to complete practice exams after the conclusion of the program before taking the examination. If you have not read the material before coming to class you will need more time after class ends.
Time management is important on the Series 79, given that there are a number of multi-step math questions which take time to work through. Though most people are able to finish the exam, you should expect to use most of the time and might not have time to review questions marked for review.
Though it is not mandatory to read the material before coming to class, doing so will enable you to reinforce the concepts discussed in the book. If you have not read the material prior to class you will need more time after class to prepare before you take the examination.
Assuming you are working full time while preparing for the examination, you should allow yourself two to three weeks to read through the material and another two to three weeks to complete practice exams. You should attend the live class, watch the online KIT or receive private instruction one to two weeks prior to the examination. The total study time is typically four to six weeks.
The online exams are about the same level of difficulty as the actual exam, so any score in the mid-70s online is good. The diagnostic exams are the same level of difficulty as the actual exam, so you should be scoring in the mid to high 70s on those exams. The ratio of math to regulatory questions on the exam will be more similar to that of the diagnostic exams than that of the online exams.
You should plan on completing at least 1,000 practice questions, plus the four diagnostic exams and the supplemental online math questions, prior to taking the exam. If your scores are not within passing range at that point, you can work on the unit practice questions online.
There are four diagnostic exams, available online. These exams should be staggered with the Practice Exams so that for every 250 questions you complete online, you complete one diagnostic exams. The diagnostic exams are very close in difficulty to the actual exam, so they should be completed closed book in one sitting. You should not do any of the diagnostic exams until you are within two weeks or less of taking the examination. You should complete the benchmark exam 2-3 days before your scheduled exam date.