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Choose a Detroit Series 7 exam prep course offered by Varsity Tutors, and it might provide you with a significant boost in your studying capabilities. The Series 7 exam is an important stepping stone on your way to becoming a fully licensed stockbroker in the United States. Like its prerequisite, the SIE exam, the Series 7 exam is filled with challenging concepts you'll need to understand if you want to get a passing grade. The purpose of this exam is to assess whether you're truly ready to take on a position as a professional stockbroker. As such, you'll find that many questions relate to the day-to-day activities of an average stockbroker, such as opening accounts for customers and giving recommendations about potential investments. A prep course can help you review many of these important concepts and much more. Students approaching the Series 7 come from many different educational backgrounds and walks of life. Perhaps you've taken courses at Wayne State University that have prepared you for this career path. Maybe you come from another institution, or you're a working professional who'd like to take on a new challenge. No matter what your background might be, a prep course can help you reach for your full potential as you study for the Series 7 exam.

What Might A Detroit Series 7 Exam Course Help Me Learn?

A Detroit Series 7 exam course can cover a wide range of different topics. Your instructor might start you off with a brief overview of the structure of this exam. You'll need to answer 125 multiple choice questions within a time limit of just under four hours. This will give you about two minutes to answer each question, so you'll need to move quickly to succeed in this timed exam. A passing score is 72% or higher. Once you understand that structure of the exam, you may be better equipped to tackle it with a more strategic mindset. For example, knowing how much time you should devote to each question is an important factor to have in the back of your mind as you take this exam. Your instructor can help you develop strategies to help, such as skipping questions that are taking too long.

The Series 7 breaks down the necessary attributes of a professional stockbroker into four basic skills. All 125 questions will fall under one of these categories. Seven percent of the questions revolve around seeking out business and new customers for the broker-dealer. A further nine percent of the questions are all about opening accounts for the customer and following their directions. The vast majority of the questions are based on providing the customer with information and giving recommendations about future investments. These questions make up seventy-three percent of the overall exam. Lastly, eleven percent of the exam's questions are based on completing transactions and following the customers' sales instructions. With this in mind, it's fairly obvious which skill you should be focusing on in your studies. Your instructor can help you make the most of your study time, focusing on skills and concepts that will appear the most on the Series 7 exam.

Additional topics you might cover in your Detroit Series 7 exam course include taxation, margin issues, EFTs, mutual funds, and many others.

How Might A Detroit Series 7 Exam Course Help Me Study?

There are many advantages when it comes to studying with a Detroit Series 7 exam course. First of all, your instructor will be a highly qualified expert in this industry. Each instructor must go through a vetting and interview process, which ensures you're learning from a knowledgeable individual. These instructors are also chosen for their excellent communication skills. Another benefit of these courses is the collaborative, group-based learning approach. You'll join other students in a virtual classroom, and you'll have plenty of chances to contribute to group discussions with questions and comments. Other students will also contribute with their input, and they might raise issues or ask questions that you never even considered before. Evidence tells us that this approach is beneficial, and may lead to a deeper, more enriched learning experience.

How Do I Enroll For A Detroit Series 7 Exam Class?

Choose from night classes, weekend classes, and a selection of other highly flexible scheduling options. These classes are ideal for working professionals, and you can even take a class during your lunch break. You also have the option of either a two-week or a four-week class, and new classes accept students every month. The Series 7 exam represents an important step in your career path. Give the exam the respect it deserves, and contact Varsity Tutors to sign up for a Detroit Series 7 exam class.

Contact us today to connect with a top Detroit Series 7 instructor