Location: California
Age: 32
Profession: Financial Consultant, Assistant to two CFPs
Score: Not sure, but she passed!
College major: Marketing, currently working on a master's degree in financial planning
Holds Series 6 and 63 and California insurance licenses.

Study Method
Vicki used study guides and met twice a week for three to four hours in a classroom setting. Vicki studied for about two months prior to the exam. She was scared going into the test, as several competent people from her firm had previously failed on their first attempt!

Exam Question Recall
While Vicki could not remember any specific questions on the exam, she did recall that it was very tough. She had the most difficult time with the legal specifics. In addition, she felt that the exam covered much of the USA very particularly and concluded that it would be a good idea to read the entire USA itself. [Note from author: the USA is roughly 180 pages and is really not complicated reading. If you have time to plow through the act, it is probably a good idea to do so. The one problem is that the act's text makes many references to other securities acts (requiring you to read the other acts as well), which complicates reading the USA.]

Vicki felt that the materials she used were very accurate, although nothing in the materials was on the test word for word.

If She Could Turn Back Time...
She would have taken more quizzes and listened to audio tapes!

Final Words of Advice
Study the test topics and go through the quizzes in the book. Do not read the book from front to back, just study highlights, and then do the practice quizzes at the end of the sections. She was doing well on the practice quizzes, 80%, as she recalls.

She also says, "Most people don't study enough because they think it's easy."



Jason

Related Articles
  1. Financial Advisor

    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.
  2. Personal Finance

    How to Ace the CFA Level I Exam

    Prepare to ace the CFA Level 1 exam by studying systematically.
  3. Personal Finance

    Prepare For Your CFA Exams

    Find out how to get yourself ready for these lengthy and often daunting exams.
  4. Personal Finance

    What To Do If You Failed Your CFA Exam

    Follow these steps to increase your odds of passing your next CFA exam.
  5. Financial Advisor

    Succeeding At The Series 63 Exam

    Your career as a securities agent begins with this test. We'll show you how to score high.
  6. Investing

    CPA Exam Tips

    Tips for the CPA exam - how to approach it, what to expect, and the time it takes to complete.
  7. Personal Finance

    Studying For The CFP Exam

    Learn the tips and tricks of the trade before heading into this test.
  8. Financial Advisor

    Sell-Side Analysts Need Series 86/87 Exams

    Though these tests are not particularly difficult or comprehensive, passing them is mandatory to work as a sell-side analyst.
  9. Financial Advisor

    Series 7 Exam Prep: Options

    One of the most challenging topics in the series 7 exam is options. Find out what you need to know before you take the test.
  10. Financial Advisor

    A Look at 6 Leading Female Value Investors

    In an industry still largely predominated by men, we look at 6 leading female value investors working today.
Frequently Asked Questions
  1. What is the formula for calculating compound annual growth rate (CAGR) in Excel?

    The concept of CAGR is relatively straightforward and requires only three primary inputs: an investments beginning value, ...
  2. How do you calculate return on equity (ROE)?

    Return on equity (ROE) is a ratio that provides investors with insight into how efficiently a company (or more specifically, ...
  3. What is the difference between Communism and Socialism?

    Learn how some countries are incorporating socialist methods into capitalism.
  4. What's the difference between a stop and a limit order?

    A limit order is an order that sets the maximum or minimum at which you are willing to buy or sell a particular stock. With ...
Trading Center