A Guide To The Series 6 License

The actual exam consists of 100 questions. All of these questions are multiple choice. The content of the test focuses on securities types. Some examples of the subjects covered in this test are corporate and government securities, taxation, customer accounts, common and preferred stock, SEC/NASD rules, annuities, mutual funds and variable insurance products.

In order to sit the exam, students must be registered and approved. Those who are can attend selected testing centers where they will complete the test on a computer. People who are interested in sitting the test should be well-prepared. Unlike other exams, the pass mark for the series 6 license is 70%. Test takers will be notified of their pass or fail once the computer exam has finished. It is important to note that a company must sponsor all test takers. Usually test takers are hired as trainees and sent to this exam by their employer.

People who want to pass the series 6 exam should study for at least 4 to 6 weeks beforehand. Students need to be aware that if they fail they exam they will need to wait 30 days until they can take it again. The key to passing this exam is studying each section of the test and taking the chapter exams after each section. The last two weeks of studying should be spent on taking practice exams. Ideally, students will achieve 80% on their practice tests. While 70% is the passing grade, students should give themselves room to make mistakes.

When the test is over, students should take the time to review their answer choices. Some students find marking questions they are unsure of useful. At the end of the Series 6 exam they can take a second look at the question and see if want to change it.

The series 6 license test is not a hard test. However, it does require some study to pass it. Many employers will not require their employees to sit this test. Those that do will usually pay for employees to take it. If an employee gets an opportunity to sit this test, they should not waste it. Having a series 6 license is beneficial for anybody who works in investments. Current employers will value employees who have this qualification. This could result in promotions and pay raises. Employees can also add this to their resume. This qualification will make job seekers more attractive to employers.

In terms of cost, employees should not have to pay anything for the test. Generally the employer will fork out the fees. Some employers will even compensate their employees for study time, food and transport costs. Those who are unsure about the financing of their exam should bring up the subject with their HR department or superior.