Interviews - Jamie

Location: Oregon
Age: Late 20s
Profession: Insurance professional
Score: 77
College major: Business

Study Method
Jamie said that his studying was rushed because his company needed him to acquire his Series 63 license quickly. As a result, all of his studying was done within 30 days of the exam. He studied by himself for one week and then took a four-day seminar. Then he studied with a few people from his firm for the remainder of the time. Jamie thought the class he took was outstanding and did not feel that he would have passed the test without it. He mentioned that the instructor outlined how to pass the exam and what subjects to study the most.

Exam Question Recall
Jamie felt 40-50% of the test related directly to the Uniform Securities Act and law.

In addition, he mentioned that there were some questions on the exam that were not in his study materials. However, they were mostly common sense questions. As he recalls, the mystery questions had to do with investment companies.

He said, "There's going to be stuff on the test that you will not see in the study materials. However, with a little common sense, the questions are easily passable."

Most importantly, Jamie mentioned that time matters. "It's extremely important to budget your time on the exam and constantly watch the clock."

Jamie also related a negative experience. He mentioned that he readily used the "flag" function to mark questions for review. He marked five for review, but when he came to the end of the exam, and went back to review his flagged question, the computer came back with 12, although he only recalled marking five. He thinks the program mistakenly marked several extra questions.

After the exam, Jamie spoke to a friend who related the same experience. Both did not report the problem, as they were afraid they would have to retake the exam. If this is truly a problem, it could still exist.

Author Comments:
If the "flagging" problem does exist, there is a simple solution. As you work through the test and flag questions for review, remember to check your flagged questions as you mark new ones. By this I mean, use the review function, which you should have access to at any point during the exam to ensure that the number of questions you flagged for review truly to add up to the same amount the computer is tallying. More than likely, this was human error; Jamie may have unknowingly flagged several questions, thus causing the discrepancy. If you check the tally of flagged questions while you work through the exam and suddenly find an additional flagged question, you can record the problem and make specific note of it at the end of the exam. Moreover, by doing so, you will help save future exam participants from the same headache. Call it good test karma.

Final Words of Advice
Take a class. The problem with using only a study guide is that you do not know what matters the most. Jamie looked at several study guides and felt overwhelmed by the amount of material to cover. In other words, he felt like there was so much material in the study guides that he didn't even know where to start. This is a likely scenario for many test participants. While the material certainly is not complicated, there is quite a bit of it. It is important at this stage to take a step back, take a deep breath and just try to bite off small pieces at a time.

Hector


Related Articles
  1. Professionals

    Johathan

    FINRA/NASAA Series 63: Section 6 Johathan. Take the exam as quickly as you can after taking the Series 6 or 7. For details see this section.
  2. Professionals

    Pass Your CFA Exams on the First Try

    Become one of the elite who pass these exams by using these simple study methods.
  3. Professionals

    Introduction

    FINRA/NASAA Series 63: Section 6 Interviews. See this section for advice and candidate interviews.
  4. Professionals

    Jeremy

    FINRA/NASAA Series 63: Section 6 Jeremy. Do not psyche yourself out of the exam. See this section for details.
  5. Career Education & Resources

    How Hard are the CFA Exams?

    Learn about the difficulty of the CFA exams with a description of the tests, some statistics on pass rates and suggestions that can help you pass the exams.
  6. Financial Advisors

    Tips on Passing the CFA Level I on Your First Attempt

    Obtain valuable tips and helpful study instructions that can help you pass the Level 1 Chartered Financial Analyst exam on your first attempt.
  7. Professionals

    The Key To CFP Exam Success

    Up to 60 of the questions on this test are case studies. Are you up for the challenge?
  8. Professionals

    How to Prepare for the CFA Exams

    To pass the CFA exam, get organized, develop an effective study program and review.
  9. Professionals

    How to Ace the CFA Level I Exam

    Prepare to ace the CFA Level 1 exam by studying systematically.
  10. Professionals

    Final Words

    FINRA/NASAA Series 66 - Final Words. Some final words of advice before the exam.
RELATED TERMS
  1. Series 86/87

    An exam administered by the Financial Industry Regulatory Authority ...
  2. Series 34

    An exam required for individuals seeking to engage in off-exchange ...
  3. Graduate Management Admission Test ...

    A standardized test intended to measure a test taker's aptitude ...
  4. Series 23

    An exam offered by the Financial Industry Regulatory Authority ...
  5. Series 26

    A securities license entitling the holder to register as a limited ...
  6. Series 66

    An exam administered by the Financial Industry Regulatory Authority ...
RELATED FAQS
  1. I gave an answer on the test from my study guide that was scored wrong on the Series ...

    Learn more about potential causes of differences between the Series 63 exam and study guide questions. Find out how new questions ... Read Answer >>
  2. How is the Series 63 exam set up?

    Find out how the Series 63 exam is structured and how new test bank questions are written. Learn more about how to study ... Read Answer >>
  3. Does NASAA or anyone else give out the series 63 exam questions?

    Find out about studying for the Series 63 exam and how new exam questions are developed by finance professionals. Learn about ... Read Answer >>
  4. My scores on the Series 63 average a passing grade, but the testing center said I ...

    Learn more about the Series 63 exam. Discover how the exam is graded, what factors might cause an unexpected result and who ... Read Answer >>
  5. How long is the Series 63 exam?

    Find out more information about the Series 63 exam questions and how much time is provided during the test. Learn more about ... Read Answer >>
  6. How many people fail the series 63 exam every year?

    How many stock brokers failed the Series 63 exam before they passed successfully? Here is what you need to know before taking ... Read Answer >>
Hot Definitions
  1. Return On Invested Capital - ROIC

    A calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. ...
  2. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  3. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  4. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  5. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  6. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
Trading Center