Series 7 Exam.....Kaplan??? | TigerDroppings.com

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Jizzamo311
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Member since Dec 2008
1536 posts

Series 7 Exam.....Kaplan???


Anyone here used the Kaplan study system while preparing for the Series 7???

I have a few weeks left until the exam....Been studying since early April....Took the 4 day class a few weeks ago...

Thought I was making good progress, but a few of the comprehensive online tests have been quite difficult...And I'm starting to get a little worried that I am not retaining the info...

Anyone have any experience with using Kaplan or study tips for the 7???








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BennyAndTheInkJets
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Member since Nov 2010
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re: Series 7 Exam.....Kaplan???


Know options and municipals backwards and forewards. Have a pretty good idea of the other stuff.

If you read through the Kaplan book, do the problems at the end of each section, and do the online problems you should be fine. The Series 7 isn't that bad.






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Jizzamo311
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Member since Dec 2008
1536 posts

re: Series 7 Exam.....Kaplan???


Yeah. It's all new to me. I've been the insurance industry for years, P&C, and NO finance experience.

When going unit by unit, I feel pretty good about it, but when I do a comprehensive online test, they seem to be really damn difficult. Maybe I am just psyching myself out.






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BennyAndTheInkJets
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re: Series 7 Exam.....Kaplan???


It depends on the test for Kaplan. For the 7 and 66, the Kaplan tests are harder. For the CFA, they're really about equal in my experience.





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Kreg Jennings
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Parts Unknown
Member since Aug 2007
1499 posts

re: Series 7 Exam.....Kaplan???


quote:

Know options and municipals backwards and forewards. Have a pretty good idea of the other stuff.


This....lots of options

quote:

The Series 7 isn't really that bad



Not true....it's a diffiult test...most in the industry will tell you one of, if not THE toughest they've ever taken. Take it seriously.






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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
2269 posts

re: Series 7 Exam.....Kaplan???


quote:

BennyAndTheInkJets, CFA


Just had to throw the CFA out there, didn't ya Benny.

FIFY

I kid.


EDIT: And for what it's worth, the Series 7 is really not that difficult. Like he said... options & munis, and I'd also get pretty comfortable with the exchange markets. Every test is different, and each one usually has a concentration of one of the chapters. (Mine had a good bit of annuity questions)



This post was edited on 5/3 at 12:17 pm


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BennyAndTheInkJets
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re: Series 7 Exam.....Kaplan???


quote:

Not true....it's a diffiult test...most in the industry will tell you one of, if not THE toughest they've ever taken. Take it seriously.

Absolutely take it seriously, but it is definitely not the hardest test in the industry. The Series 66, Series 3, and even the CFA are all harder than the Series 7.






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BennyAndTheInkJets
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Member since Nov 2010
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re: Series 7 Exam.....Kaplan???


quote:

Just had to throw the CFA out there, didn't ya Benny.

Actually studying for the CFA 2 now, got a long way to go to get those 3 letters.

Passed all 3 of the CMT for fun but I haven't applied for membership status yet so I don't have those letters either. Guess I'm just lazy.






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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
2269 posts

re: Series 7 Exam.....Kaplan???


Well good luck to you sir... in June, I beleive?

I'm looking to wrap up my CFP this year, and start on LVL1 in '14.






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Kreg Jennings
LSU Fan
Parts Unknown
Member since Aug 2007
1499 posts

re: Series 7 Exam.....Kaplan???


quote:

The Series 66, Series 3, and even the CFA are all harder than the Series 7.


I've only taken the 6, 7 and 66.

I thought the 7 was by far the hardest...harder than the 66.

It wasn't that the content was confusing...it was just so much info that was fair game on the test.

Either way....it doesn't matter if you get a 70 or a 90....just pass. My boss asked me what I got when I passed mine (10 years or so ago) and I said "81" with a dissapointed look (I had done much better on the simulated tests)...he made me feel much better when he "No, you got a One Hundred and One! Doesn't matter...you passed!"






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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
2269 posts

re: Series 7 Exam.....Kaplan???


quote:

it doesn't matter if you get a 70 or a 90


Passing score is a 72 now, if I'm not mistaken.






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BennyAndTheInkJets
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re: Series 7 Exam.....Kaplan???


quote:

I thought the 7 was by far the hardest...harder than the 66.

I hated the 66 with every fiber of my being.
quote:

Either way....it doesn't matter if you get a 70 or a 90....just pass. My boss asked me what I got when I passed mine (10 years or so ago) and I said "81" with a dissapointed look (I had done much better on the simulated tests)...he made me feel much better when he "No, you got a One Hundred and One! Doesn't matter...you passed!"

I had a similar story, most of my managers are very by the book and said "good job" but the ones that are laid back asked what I got. When I said an 85 they said "You studied way too hard, way to waste your time kid".






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roguetiger15
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Member since Jan 2013
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re: Series 7 Exam.....Kaplan???


i took the 7 a few weeks ago, my firm provided me the STC study material. Like the other guys said, know your options, munis, for sure. i had more margin, annuity, and packaged product questions than i expected.
everyone i spoke to said whatever you make on practice exam expect 10 percent less on real test and they were pretty accurate, ended up making 80 on it.

now im studying the 66, its more painful than watching a les miles lsu offense.



This post was edited on 5/3 at 12:58 pm


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BennyAndTheInkJets
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re: Series 7 Exam.....Kaplan???


quote:

now im studying the 66, its more painful than watching a les miles lsu offense.

God that test sucks.






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roguetiger15
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Member since Jan 2013
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re: Series 7 Exam.....Kaplan???


im making good scores on my 66 practice exams but its just boring.





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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
2269 posts

re: Series 7 Exam.....Kaplan???


Rogue,

Who are you working for that supplied the STC?






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roguetiger15
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re: Series 7 Exam.....Kaplan???


ms





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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
2269 posts

re: Series 7 Exam.....Kaplan???



Ah. My firm used it as well. Not too many do. But hell... I passed with an 81/88 series 7 and 66 respectively.






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roguetiger15
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Member since Jan 2013
3595 posts
 Online 

re: Series 7 Exam.....Kaplan???


yea i really like STC especially the practice tests, even though for the 7 i may have taken 1500 practice questions which could burn you out quickly but it had me prepared for sure. im studying the 66 now and making like 95s on my practice exams





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Kreg Jennings
LSU Fan
Parts Unknown
Member since Aug 2007
1499 posts

re: Series 7 Exam.....Kaplan???


quote:

. im studying the 66 now and making like 95s on my practice exams


Quit wasting your time and just take it....doesn't matter how high you score.






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