Series 7 Exam Calculator
Enter your estimated percentage correct to calculate your Series 7 score and pass/fail status. Note: This is a simplified estimation. Check FINRA.org for official results.
Understanding the Series 7 Exam
The Series 7 exam, officially known as the General Securities Representative Exam, is administered by FINRA (Financial Industry Regulatory Authority). It assesses the competency of entry-level registered representatives to perform their jobs as general securities representatives.
Exam Structure
The Series 7 exam consists of 125 multiple-choice questions covering four main functions:
- Seeks business for the broker-dealer through customers and potential customers
- Evaluates customers' financial status, investment objectives, and needs
- Provides customers with information about investments and makes recommendations
- Processes and confirms transactions
Scoring System
The Series 7 exam uses a scaled scoring system ranging from 0 to 100. The passing score is 72, meaning you need to answer approximately 72% of the questions correctly to pass. The actual number of questions needed to pass may vary slightly as some questions may be experimental and not scored.
Topics Covered
The exam covers a wide range of topics including:
- Equity securities
- Debt securities
- Options
- Investment companies
- Retirement plans
- Direct participation programs
- Customer accounts
- Securities analysis
- Taxation
For the most accurate and official information, always refer to the FINRA website.
Frequently Asked Questions
What is the passing score for the Series 7 exam?
The passing score for the Series 7 exam is 72 on a scale of 0-100.
How many questions are on the Series 7 exam?
The Series 7 exam consists of 125 multiple-choice questions.
How long do I have to complete the Series 7 exam?
You have 225 minutes (3 hours and 45 minutes) to complete the exam.
What topics are covered on the Series 7 exam?
The exam covers equity securities, debt securities, options, investment companies, retirement plans, direct participation programs, customer accounts, securities analysis, and taxation.
How is the Series 7 exam scored?
The exam uses a scaled scoring system from 0 to 100. Some questions may be experimental and not counted toward your final score.
Can I use a calculator during the Series 7 exam?
Yes, you are allowed to use a basic electronic calculator provided by the test center.
How long is my Series 7 license valid?
Your Series 7 license remains valid as long as you maintain your registration with a FINRA member firm and complete continuing education requirements.