The Series 79 Exam, also known as the Investment Banking Representative Exam, is a qualification exam administered year round by the Financial Industry Regulatory Authority or FINRA. Successful completion of this exam certifies the candidate in question to work as an Investment Banking Representative and proves them to be knowledgeable in the following areas:
Debt or Equity Offerings
Cost for the Series 79 exam is $290.00. This is a 5-hour exam that consists of 175 multiple-choice questions. To be successful a candidate must receive a score of roughly 72% or better. The reason there is no clear passing score is because there are multiple versions of the test offered at all times. One test may require a passing score of 70% while another will require up to 72%. There are no pre-requisites for this exam and it can be taken year round throughout the US.
Applying "Series 79 Exam" to Securities Exams:
The Series 79 Exam will test candidates in the following areas:
General Securities Industry Regulations
General Securities Transactions
Mergers and Acquisitions, Tender Offers and Financial Restructuring Transactions
Collection, Analysis and Evaluation of Data
Underwriting, New Financial Transactions, Types of Offerings and Registration of Securities
Also, while this test is offered year round, it cannot be taken on Sundays. This is something to consider when choosing your testing date and locations.