If you are considering a Series 79 prep course to help build your study skills, Varsity Tutors offers private Series 79 classes that could be a good fit for you. Series 79 is the Investment Banking Representative Qualification Examination (IB), a standardized test administered by the Financial Industry Regulatory Authority (FINRA) to determine whether or not a financial professional has the requisite knowledge to act as an investment banker. Some of the topics covered include buyouts, mergers, acquisitions, public investment banking, and refinancing. If you feel that you could use help studying these topics, a Series 79 course could be the academic edge you have been searching for!
Most Series 79 prep courses begin by helping students develop a familiarity with the structure and formatting of the test. The exam is computer-based and administered at Prometric Testing Centers nationwide. If you aren't comfortable with this setup, you might want to discuss it with your instructor in a Series 79 prep class for more information. The chart below provides some additional information about the test:
Series 79 Exam Format
|Question Format||# Questions||Time Allowed||Passing Score||Corequisite|
|Multiple-Choice||75||150 Minutes||73%||SIE Exam|
Answering 75 question in two-and-a-half hours may seem simple at first glance, but remember that this is a FINRA test. FINRA is notorious for deceptive questions that try to trick financial professionals into using their practical work experience rather than the academic concepts the exam is looking for. Many students choose to take practice exams during their Series 79 prep classes so they know how questions might try to trick them on exam day.
Once you are comfortable with the structure of the exam, your Series 79 class might start concentrating on specific content areas. The following list reveals some of the concepts you may wish to review:
Series 79 Topics (Non-Comprehensive)
- Collection of transaction data from various market databases
- Valuation metrics
- Collection cycles and receivables turnover
- Types of organizational structures (C Corp, S Corp, LLCs, etc.)
- Due diligence process of buy-side transactions
- Securities Act of 1933
- Knowledge of syndicate agreements
- Suitability assessments of customers
- Resales of securities by control persons
- Stock versus asset sale
- Tax-free reorganization
- Prospectus disclosures
- Tender offer regulations
- Financial restructuring and bankruptcy
If that seems like a lot, it kind of is. However, a private Series 79 course allows you to go over everything at your own pace. If you understand the difference between stock and asset sales but have a harder time with the modern impact of the Securities Act of 1933, your Series 79 class can concentrate on historical legislation until you give the go-ahead to move on.
Private Series 79 courses also allow you to receive personalized attention. Your instructor may be able to incorporate your passions into your test prep to make study sessions more engaging. Likewise, all of your work can receive prompt feedback since your teacher doesn't have to grade 30 assignments before returning them. If you need to correct a mistake, it is often beneficial to do so while the material remains fresh in your mind.
Varsity Tutors also tries to make standardized test prep as convenient as possible. All students get to work on a Live Learning Platform that facilitates digital study sessions, providing the benefits of face-to-face instruction without the headache of trying to arrange an in-person meetup. We also try to match every client with a knowledgeable instructor who suits your scheduling needs to mitigate scheduling conflicts. Taking a Series 79 class should be something that fits into your life, not the other way around!
If you would like to learn more about our Series 79 prep courses, please contact Varsity Tutors today. Expert Educational Directors are standing by to help you in any way they can!
Warren: Series 79 course instructor
I have enjoyed and prospered for 40 years in the security industry. If I can help another person have the same success then I have truly accomplished something. I attended the University of Illinois but my life education is from experience running brokerage and registered in vestment advisory firms. My approach to training starts with an understanding of the individuals needs from there we can structure an approach around the unique needs of each individual.
Education & Certification
- college off financial planning - Associate in Arts, Financial Planning
- Series 79
- Series 7
- Series 63
- Professional Certifications
- +14 subjects
Mary: Series 79 course instructor
...derivatives career with O'Connor & Associates, the Chicago-based pioneer of options trading and risk management becoming a floor member of the Philadelphia Stock Exchange trading single stock options and futures. My training began in the trading pit, side by side senior traders for whom I would be responsible for tracking delta positions, hedging trades, communicating with the partners, and learning options theory to prepare for a three-week intensive in house options course in Chicago with...
Kevin: Series 79 course instructor
...member, CPA (Certified Public Accountant), MBA and inventive Patent Holder with the US Patent Office, I know that learning is a great investment. My passion for teaching comes from a life long passion for learning. Im a Masters Degree graduate of Washington University in St. Louis (Olin School of Business: Finance emphasis) and also received my Bachelor of Science in Accounting from Truman State University. Both students and parents say that I help students succeed...
Education & Certification
- University of Michigan-Ann Arbor - Bachelor of Science, Economics
- Series 79
- Middle School Math
- College Physics
- AP Statistics
- +51 subjects