We frequently get asked by new customers: “How many Series 7 practice questions is enough before I am ready to take the exam?”
Well, there is no one great answer to this. There are however, multiple answers. In this post we will try to dissect a few of them.
How Many Series 7 Practice Questions Is Enough?
The most helpful answer is really this: You can considerable yourself done with practice questions once your scores are consistently in the mid-to-high 80% range. If you are very experienced in the financial field, such that despite even without studying, you can start out with a practice exam using Kaplan’s material scoring an 80%, then you most certainly have less work ahead of you than someone who starts out scoring 40%.
This, among others, is a little nuance that may seem like an obvious reason around why the answer to ‘how many practice questions is enough?’ is often different for everybody. While this little nuance may not be super helpful, it’s worth mentioning upfront.
The reality of course is that most people don’t come to us with a lot of experience.
If you are in this boat, then we have some different advice about how many questions are right for you.
Thousands is the Answer
Our typical student at Professional Exam Tutoring is someone in their 20s or 30s, either new to the finance field, or making a career change that requires them to get their license.
With such a student, it is very common that no less than 2,500 questions will be necessary to totally absorb the material. To make sure you totally understand how to handle each and every questions thrown at you from various angles, the more questions the better.
We highly recommend, and see the most success, with Kaplan study material for the Series 7.
They offer a little over 3,000 questions in there QBank. We should also mention that getting through all of them is not only very helpful but an excellent way to see a variety.
One of the main reasons for needing to do so many questions, is that although you may understand a complex topic like Options conceptually, you need to be able to decipher what they are asking in a question.
Tricky, Tricky
You can be sure that the exam wording is going to be purposefully tricky. So, just understanding concepts from the Municipal Bonds, Suitability, Annuities, etc. sections is not enough. It really helps to know the ways in which the exam can trick you.
For instance, after you are done reading the textbook, we recommend that you leave yourself at least three weeks of taking questions to fully prepare.
If you can average about 100 questions per day for the first two weeks, and then ramp up to about 150 questions per day towards the last week, that should put you on track to getting enough questions in order to prepare you to pass.
As mentioned above though, in the end, it all boils down to your scores.
Be sure not to repeat the same questions over, and over in order to boost your scores. That obviously won’t really help you figure things out. You need to truly understand the material.
Of course, if you need some help, we are here for you! Good luck!