The Series 7 exam is required to become a licensed stockbroker in the U.S. The Series 66 license is an entry-level license for financial advisors, who specialize in retirement planning and provide general financial advice.
The average salary for series 7 and 66 is $71,000.
Average salary for series 7 and 66
The Series 7 exam is a computer based test that is approximately two hours and fifteen minutes long. The Series 66 exam is a computer based test that is approximately five hours in length.
Over $100,000 annually is quite good. Even the people at the bottom of the ladder can likely expect to make over $50,000 per year. The closer to 6 or 7 exams you are, the higher your salary will be.
Although I imagine in the future as more and more individuals enter into finance as well as the number of registrations increase that this may be possible, currently this is a good approximation to take. You can get your exam information directly from the NFA.
The Series 7 exams are fairly rigorous, and you can expect to spend between five or six weeks studying if you intend to pass on your first attempt. It’s advisable to enroll in an actual course, but self-study materials from reliable academic sources can be helpful too. Practice questions will also help sharpen your license exam skills.
