[1][2] The Series 7 exam ensures a baseline level of proficiency for individuals starting their careers in the financial industry.
[3] It is particularly important for newly hired personnel who may lack prior exposure to finance-related subjects during their university education.
[5] Covered activities and products include: The corequisite is the Securities Industry Essentials (SIE) exam, a change FINRA enacted in 2018.
In order to take the exam, an individual must be sponsored by a member firm of either FINRA or a self-regulatory organization (SRO).
[9] Average study time is between 80 and 150 hours depending on current financial knowledge.