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Started By
Message
Series 66
Posted on 11/2/11 at 3:03 pm
Posted on 11/2/11 at 3:03 pm
So....I just took and failed the 66 by 6 questions. Im pretty pissed and need to vent but also need some input from anyone that might be able to help. The materials I have to study stated that I would not have to worry about calculating the time value of money...or any other calculations at that. I have numerous questions that I had to calculate dealing with expected returns dealing with inflation or increases in the % price increases. I was not prepared and therefore, unless I am a hell of a guesser, missed them. Before you say there are 10 throw away questions, I had over 12 of those type questions.
Sorry, any advice on things you have encountered or heard is greatly appreciated.
Signed,
One Frustrated Mofo
Sorry, any advice on things you have encountered or heard is greatly appreciated.
Signed,
One Frustrated Mofo
3
Posted on 11/2/11 at 3:09 pm to ODoyleRulez
Keep your chin up and pick the books back up.
Posted on 11/2/11 at 3:17 pm to ODoyleRulez
I believe that for some of those questions there is only one "real" correct answer. In essence, given the conditions, only one of the answers is possible and thus has to be correct.
Kinda like if someone asked what's the absolute value of x, and your answers are -3, 5, -4, -20, -39
All answers would be incorrect except for 5.
This is only a hunch though...
Kinda like if someone asked what's the absolute value of x, and your answers are -3, 5, -4, -20, -39
All answers would be incorrect except for 5.
This is only a hunch though...
Posted on 11/2/11 at 3:27 pm to GregYoureMyBoyBlue
I can see your logic and thinking back I dont see that it would hold true. All the answers where usually within a few decimal points of each other. Although I could be wrong since I did just fail. I hope you are right and it is just that easy but I just dont see FINRA making it that easy on us.
Posted on 11/2/11 at 4:09 pm to ODoyleRulez
Might be stating the obvious but if those were the questions that you got wrong, it shouldn't be too much of a pain to learn that material? I mean we're talking about TVM questions on a securities test are we not?
Posted on 11/2/11 at 4:15 pm to kfizzle85
Yes. I agree with you. My flame was more to the fact that my study material said learn the concept of TVM and dont worry about calculating it. Not to mention most people I spoke to said they used a calculator once or not at all.
Again, I am upset about my result so take that into account when reading my rant. That is why I am looking to the MT board to find some advice.
Again, I am upset about my result so take that into account when reading my rant. That is why I am looking to the MT board to find some advice.
Posted on 11/2/11 at 4:19 pm to ODoyleRulez
Word. Just go learn the shite and take it again bro. At least its only $130 and a few hours studying. Handle biz.
Posted on 11/2/11 at 4:57 pm to ODoyleRulez
Just be glad it wasn't the Series 79. Fail that and you loose your job and have to pay back your signing bonus.
Posted on 11/2/11 at 5:27 pm to Athanatos
I guess i am just tired of studying for these standardized federal exams. The series 7 was difficult enough and i passed that 1st try. Ready to be done with this crap.
Posted on 11/2/11 at 9:57 pm to ODoyleRulez
Just nut up and study man
Posted on 11/2/11 at 10:02 pm to Athanatos
They gave the analysts who failed that another shot in two or so months at my firm. I'd say about 10% or so failed in my analyst class.
I'd imagine that rate would be lower if a first time fail = lose your job.
I'd imagine that rate would be lower if a first time fail = lose your job.
Posted on 11/2/11 at 10:19 pm to Gorgeous
How does this test relate to the CPA exam? Im studying for BEC part of the CPA exam and there is some good info on Time Value of Money (NPV,IRR, PAyback Period, WACC,ROA/I, etc)
Of course, the BEC section alone will cost you $190 and can only take it once a quarter
Of course, the BEC section alone will cost you $190 and can only take it once a quarter
Posted on 11/2/11 at 10:27 pm to GoHoGsGo06
it cost the guys who failed 79 about $30k all-in. Posted on 11/2/11 at 10:34 pm to Athanatos
Nice figure drop
Posted on 11/3/11 at 9:54 am to RedStickBR
Series 66 is pretty easy. If you passed the 7 you probably just didn't study enough. as far being 10 throw away questions that's not really true. the 10 questions are predetermined so it's not like you can miss any 10 questions and it wont hurt you.
Posted on 11/3/11 at 1:10 pm to whodatigahbait
I realize that they are predetermined. I was saying that people would probably just say that those were the 10 questions.
Posted on 11/3/11 at 5:07 pm to ODoyleRulez
I agree with KFizz - you really need to learn time value of money to work in the securities industry anyways. Look on the bright side, you learned the easy way. If you passed the test now and never learned TVM in this economic environment where securities jobs are shrinking quickly you'd probably get canned somewhere down the line in the next couple of years.
I'll bet you study your arse off and knock it out of the park on take 2
I'll bet you study your arse off and knock it out of the park on take 2
Posted on 11/3/11 at 9:00 pm to ironsides
agree on on levels. and hope I knock it out but I will be just as happy with a 75
Posted on 11/3/11 at 10:07 pm to ODoyleRulez
I've seen MDs at CS and BarCap offer $10k to the analyst with the lowest passing score on the the 79. Really ups the stakes.
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