1: series 79 exam definition
2: how series 79 exam works
3: series 79 vs series 8 exam
4: example of series 79
Opening information:
Series 79 exam sentence breaks into three words series, 79, and exam. Series means any part of the whole event, 79 would be used to represent something, exam means a test to qualify for one thing.
Series 79 exam is a test to qualify for one part of a skill to become one representative, so now let’s have a look at what is a series 79 exam, how the series 79 exam works in the stock market, and what is the difference between the series 79 and series 8 exam, finally one clear example of series 79.
1: series 79 exam definition
Whenever someone wants to make a deal between a buyer and seller, the determined person won’t need to write any exam in real estate or any other simpler commission market dealers.
But when comes to the public market, the human who willing to become
Middle men like stock brokers or Investment brokers, just need to write and qualify through certain exams to become licensed brokers or dealers.
The Investment bank is the one that acts as a dealer between Corporations and stock Investors, where they help Industries raise billions of dollars for their business and make money through the spread.
Therefore anyone without becoming an Investment representative, no one couldn’t be involved in the activities of investment banking.
So these investment representatives are selected and qualified through the test, this Investment banking representative test is called as series 79 exam, now let’s dive into how it works in the public market.
2: how series 79 exam works
The series 79 exam is the one that represents the Investment banking representative, therefore the person who wants to become an Investment banking representative needs to attend the series 79 exam.
Moreover, the series 79 exam is not a starting fundamental exam about Securities, instead, it’s advanced level education about the practice of Securities in the public market.
So anyone who needs to take Series 79 must required to take and pass the Security Industry Essential (SIE) exam, if the person who couldn’t able to pass SIE will not sponsored to attend any advanced level test such as Series 79.
The series 79 exam candidate who passes and gets the license to act on behalf of investment banking activities would have the authority involved in registering and offering Corporate securities in the initial public offering.
Moreover, investment bank representatives also influenced the activities of mergers and acquisitions by dealing with spread.
On the other hand, this series 79 exam nearly contains the research and collecting data from the business Corporations, underwriting and registration matters, market rules of investment banks, and their responsibility.
The Investment Banking Representative Series 79 exam occupies 75 multiple questions with four options of choice, this exam is also normally conducted for 2 hours and 30 minutes.
Once the series 79 exam questions rules change in the future, then the time frame of the series 79 exam might have a chance to change in the future too.
The candidate must answer at least 55 questions correctly based on the FINRA rules to possess your score as a pass mark to get a required license from an Investment bank representative.
Most people are confused about the series 79 and series 8 exams, so let’s jump into the key differences between them.
3: series 79 vs series 8 exam
The difference between the series 79 and series 8 exams is, that series 79 is the exam in the public market which is authorized by the FINRA to license certain humans as Investment representatives.
But the series 8 exam is the one which used to become a qualified person in a General Securities Sales Supervisor exam, where it doesn’t have any kind of relation to any other relation to the series 79 exams.
Series 8 exam helps to work as a person part of one Investment banking. To make you more clear about series 79, let’s look into one clear example below anyway.
4: example of series 79
Say Mr. John is a person who is willing to become a top sales supervisor and on the other hand Mr. Mike looks to start Investment banking with a huge amount of investment in the public market.
Mr. Mike is the one who wrote an exam completely related to becoming an Investment representative and other side John wrote an exam for selling general securities supervisor, here Mike’s written exam only is called series 79.
The John written securities exam is only quantifiable for the supervisor of selling general public shares.