Passed , 10 days of studying
3 for 3 first attempts, passing SIE ( 1 week studying), Series 7 ( 2 weeks) - 7 month break in between so I forgot a lot - Series 66 ( 10 days of studying)
New to Finance ish. Working full time. It was brutal cramming and I always regret my bad habit of procrastinating.
I will say this test was slightly harder than the 7 , even though the material felt easier to go through because there was no options math. I marked 30 questions for review because the answers were soo close or ambiguous.
I had 40 minutes to review my marked questions . Answering a majority of the questions went by quick. I think most will not run out of time to finish this exam even though it’s 110 questions (15 less then the series 7) but 1 hour 15 shorter in exam time than the series 7. For the 7, I had less than 5 minutes left to go back and review the same amount of questions marked for review that I was unsure of.
I used Kaplan to study along with other supplements. Took 4 full exams on Kaplan total, all I had time for. I didn’t even get to really use the Quizlet set and physical flashcards my coworkers gave me to study based off of STC material. I felt like the questions on the real exam were not worded like STC questions or even Kaplan, but Kaplan Q Bank questions & explanations are better worded to help you comprehend concepts .
I think the questions were most similar to the Brutal exams videos & test geek’s final . I got a 80% on the Test Geek final closed book, and I didn’t score myself on the brutal exams I just followed along for the questions .
I barely wrote anything on my scratch paper as a dump sheet for this test compared to the other two exams- where I spent my first 10 minutes just dumping info down before I started the test. I mean I had one prepared for the 66 with a lot of info but it didn’t really help for this one. I realized this as I started writing it down and just had a brain freeze ( probably from lack of sleep and over cramming) . I only put a basic options chart , slobs over bliss , yield see saw , some notes about BD IA IAR federal vs state registration requirements, and a few equations I could remember before blanking out. I did not really reference anything in the dumpsheet .
The 66 is such a conceptual and reading comprehension test.
Know : NPV, PV, IRR, IRR>RROR= +NPV
CAPM formula
Sharpe Ratio
Quick / Acid Test
Must know : state registration requirements for IA working for a FCA or state IA, and for BD agents .
Debt to equity ratio is based on total values from the finance / balance sheet NOT Market value of debt and equity. This was one of the questions where the answer could have looked correct if you didn’t pay attention to the wording .
Just so glad it’s over !
Even if it was 10 days, I still put in about 65-70 hours of studying including reading the book and doing exams.