Assigning yourself Series 7 homework is not always easy. Figuring out what to study from one week to the next is daunting for most people. In today’s post, I discuss some best practices to create structure for yourself.
Series 7 Homework: Start At the Beginning
We recommend starting with two full practice exams. What this Series 7 homework will ultimately do is give you a general sense of your strengths and weaknesses. To determine this, reference the performance tracker on Kaplan. Kaplan’s Performance Tracker will give you an excellent breakdown of not only the different chapters where you score well, but it will also tell you the subsections where your weaknesses lie.
Next, we recommend you take a look at the heaviest weighted sections. Find where your weaknesses are in large focus areas and start studying there.
Heavy Weighted Sections…What Are They?
The sections that you want to prioritize are those that are most likely to show up on the exam. The ones that are most likely to show up on the exam are the following:
Options
Suitability
Municipal Securities
Investment Companies
New Issues
Margin
It’s important to notice that within those large sections there are subsections that are disproportionately larger than others. We would also highly recommend that you focus on those subsections as opposed to subsections that may only have 5 or 10 questions – generally, Kaplan does an excellent job prioritizing larger weighted sections.
Overall, if you’re looking for homework for yourself for the Series 7 Exam, we recommend alternating between doing drills on specific subsections on a few days of your studying, and then a full exam on other days. The “drills” can be 15-20 questions in size. Don’t mix and match sections. In other words do a full 15 questions on one specific section such as 16.4 (“Extension of Credit” or Margin), not a 15 practice question exam on all of Unit 16. The full practice exams (100 questions from all sections at a minimum) will help you get sections covered that you may not be able to cover with enough time on your subsection drills. If you have any follow-up questions, feel free to reach out! Good luck!