Series 79 Everything You Need to Know

Are you interested in a career in investment banking or securities sales? If so, it’s essential to familiarize yourself with the Series 79 exam. The Series 79, also known as the Investment Banking Representative Qualification Examination, is a crucial requirement for professionals involved in investment banking activities. In this comprehensive guide, we will delve into the details of the Series 79 exam, its purpose, preparation strategies, and its significance in the finance industry.

Introduction: Understanding the Series 79 Exam

The Series 79 exam is a qualification examination administered by the Financial Industry Regulatory Authority (FINRA). Its primary purpose is to assess the knowledge and competency of individuals engaged in investment banking activities. The exam evaluates various aspects, including securities offerings, mergers and acquisitions, financial restructuring, and more. By passing the Serie 79 exam, professionals demonstrate their understanding of the industry’s rules and regulations, ethical practices, and relevant financial concepts.

Eligibility Criteria for the Series 79 Exam

To take the Series 79 exam, candidates must meet specific eligibility requirements. The exam is designed for individuals involved in investment banking activities, including:

  • Individuals involved in structuring or participating in securities offerings
  • Professionals engaged in mergers, acquisitions, and financial restructuring
  • Employees of broker-dealers and investment banks engaged in investment banking activities
  • Individuals providing corporate finance services, such as private placements and underwriting

Meeting these eligibility criteria is crucial to ensure you are qualified to sit for the Serie 79 exam and pursue a career in investment banking.

Importance of the Series 79 Exam

The Serie 79 exam holds immense importance in the field of investment banking. Passing this exam is a prerequisite for professionals engaged in activities like underwriting, mergers and acquisitions, and securities offerings. It ensures that individuals possess the necessary knowledge and expertise to carry out these responsibilities diligently and ethically.

Exam Structure and Content

The Serie 79 exam consists of 175 multiple-choice questions, and candidates are given a total of 225 minutes to complete the exam. The questions cover a wide range of topics, including:

  • Offering and underwriting new securities
  • Mergers, acquisitions, and restructuring transactions
  • Buy-side and sell-side transactions
  • Tender offers and proxy solicitations
  • Fairness opinions and valuations
  • Industry rules and regulations

It is essential to have a solid grasp of these topics to succeed in the Serie 79 exam.

Series 79 Exam Preparation Tips

Preparing for the Serie 79 exam requires a structured approach. Here are some tips to help you ace the exam:

a) Understand the Exam Content: Familiarize yourself with the exam content outline provided by FINRA. This will give you a clear understanding of the topics covered in the exam.

b) Develop a Study Plan: Create a study plan that outlines the topics you need to cover and sets specific goals for each study session. A well-organized study plan will keep you focused and on track.

c) Utilize Study Resources: Make use of study materials, textbooks, practice exams, and online resources specifically designed for the Series 79 exam. These resources will help you gain a deeper understanding of the exam content and provide opportunities for practice.

d) Take Practice Exams: Practice exams are invaluable tools for exam preparation. They simulate the actual exam experience and help you identify areas where you need to improve.

e) Seek Professional Guidance: Consider enrolling in a Serie 79 exam preparation course or working with a qualified tutor who can provide expert guidance and assistance.

Study Materials for the Series 79 Exam

To prepare effectively for the Series 79 exam, it’s crucial to have access to high-quality study materials. Here are some recommended resources:

  • Seris 79 Exam Prep Books: There are several comprehensive study guides available in the market specifically tailored for the Serie 79 exam. These books cover all the exam topics in detail and provide practice questions to reinforce your understanding.
  • Online Practice Exams: Utilize online platforms that offer Serie 79 practice exams. These exams simulate the actual testing environment and help you gauge your readiness for the exam.
  • Study Courses: Consider enrolling in an online or in-person Serie 79 exam preparation course. These courses provide structured lessons, practice quizzes, and expert guidance to enhance your chances of success.

Taking the Series 79 Exam: What to Expect

On the day of the Serie 79 exam, it’s important to be well-prepared and understand what to expect. Here are a few key points to keep in mind:

  • Arrive Early: Reach the exam center well in advance to avoid any unnecessary stress or delays.
  • Required Identification: Bring valid identification documents as per the guidelines provided by FINRA.
  • Exam Format: Familiarize yourself with the exam format and instructions before starting the test.
  • Time Management: Manage your time wisely during the exam. Pace yourself and allocate sufficient time to each question.
  • Answering Strategies: Use educated guesses if you’re unsure about certain questions. It’s better to make an educated guess than to leave questions unanswered.

Passing the Series 79 Exam: Strategies for Success

Passing the Serie 79 exam requires a combination of knowledge, preparation, and effective strategies. Here are some tips to increase your chances of success:

  • Focus on Key Topics: Identify the key topics with a higher weightage in the exam and allocate more study time to mastering them.
  • Review and Revise: Regularly review and revise the exam content to reinforce your understanding and retain important information.
  • Practice Time Management: Take timed practice exams to improve your speed and accuracy in answering questions within the given timeframe.
  • Learn from Mistakes: Analyze your practice exam results and learn from your mistakes. Understand the areas where you need improvement and focus your efforts accordingly.

Benefits of Series 79 Certification

Obtaining Series 79 certification opens up numerous benefits and opportunities in the finance industry. Some key benefits include:

  • Enhanced Career Prospects: Series 79 certification showcases your expertise and commitment to investment banking activities, making you a desirable candidate for career advancement opportunities.
  • Expanded Knowledge Base: The process of preparing for the Serie 79 exam equips you with comprehensive knowledge about investment banking practices, regulations, and ethical considerations.
  • Credibility and Trust: Holding Serie 79 certification enhances your professional credibility and instills trust among clients, colleagues, and employers.

Career Opportunities with Series 79 Certification

Series 79 certification paves the way for a variety of rewarding career opportunities. Some potential career paths include:

  • Investment Banking Analyst
  • Corporate Finance Associate
  • Mergers and Acquisitions Specialist
  • Equity Research Analyst
  • Financial Advisor
  • Venture Capitalist

Renewing and Maintaining Series 79 Certification

Serie 79 certification is valid for three years. To maintain your certification, you must fulfill continuing education requirements as specified by FINRA. Staying updated with industry developments through seminars, workshops, and additional certifications will contribute to your professional growth.

Frequently Asked Questions (FAQs)

Q: How many questions are there in the Series 79 exam?

A: The Series 79 exam consists of 175 multiple-choice questions.

Q: What is the passing score for the Series 79 exam?

A: The passing score for the Series 79 exam is 73%.

Q: Can I retake the Series 79 exam if I don’t pass?

A: Yes, you can retake the exam, but there are specific waiting periods and restrictions.

Q: Is work experience required to take the Series 79 exam?

A: Work experience is not a mandatory requirement for taking the Series 79 exam, but it is necessary for registration as an Investment Banking Representative.

Q: How long does it take to prepare for the Series 79 exam?

A: The preparation time varies depending on individual circumstances and prior knowledge. It is recommended to allocate a few months for comprehensive preparation.


The Series 79 exam is an essential step for professionals pursuing a career in investment banking and securities sales. By obtaining Serie 79 certification, you demonstrate your expertise in investment banking activities, opening doors to exciting opportunities within the finance industry. With thorough preparation, dedication, and the right study resources, you can confidently tackle the Serie 79 exam and embark on a successful career in the world of investment banking.

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