Are you ready to dive into the world of research analysis? Look no further than the FINRA Series 86/87: Research Analyst Examination Study Guide.
This comprehensive guide is your ticket to mastering the key topics and concepts necessary for success in the exam. Packed with study materials, practice questions, and mock exams, it will equip you with the tools you need to effectively prepare.
Get ready to take your research analysis skills to the next level and ace the exam with confidence.
Key Takeaways
- The FINRA Series 86/87 Research Analyst Examination assesses knowledge and skills in research analysis.
- The exam covers topics such as equity and debt securities, financial statement analysis, industry analysis, and valuation methods.
- Thorough preparation is essential to succeed in this challenging examination.
- Study materials and resources such as the official FINRA Series 86/87 Guide, additional recommended reading, online study communities, books, flashcards, and reference guides are available to aid in exam preparation.
Exam Overview and Structure
The exam overview and structure are explained in detail in this study guide.
The FINRA Series 86/87 Research Analyst Examination is a comprehensive test that assesses your knowledge and skills in the field of research analysis. The exam content covers a wide range of topics, including equity and debt securities, financial statement analysis, industry analysis, and valuation methods. It is essential to have a strong understanding of these areas to succeed in the exam.
The exam consists of two parts: the Series 86 and Series 87. The passing score for each part is 73%. To pass the exam, you need to demonstrate your ability to analyze financial information, apply research methodologies, and make informed investment recommendations.
It is crucial to study and prepare thoroughly to achieve a passing score on this challenging examination.
Key Topics and Concepts
Start by understanding the key topics and concepts in the study guide for the FINRA Series 86/87 Research Analyst Examination. This will help you grasp the fundamental analysis techniques and behavioral finance principles that are crucial for success in this exam.
Here are three important concepts to focus on:
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Financial Statement Analysis: Learn how to analyze balance sheets, income statements, and cash flow statements to assess a company’s financial health and performance.
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Equity Valuation: Understand the various valuation methods, such as discounted cash flow analysis and price-to-earnings ratios, to determine the intrinsic value of a company’s stock.
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Investment Strategies: Familiarize yourself with different investment approaches, such as growth investing and value investing, and the factors that influence investment decisions.
Study Materials and Resources
To fully prepare for the exam, make sure you have access to a variety of study materials and resources. In addition to the official FINRA Series 86/87 study guide, there are several other recommended reading materials that can enhance your understanding of the key topics and concepts. These additional resources provide different perspectives and in-depth analysis, giving you a comprehensive understanding of the material. Online study communities are another valuable resource for exam preparation. These communities allow you to connect with other individuals who are also studying for the exam, providing a platform for discussion, sharing of study materials, and asking questions. Engaging with these communities can help clarify any doubts and provide valuable insights.
Consider the following table for a visual representation of the available study materials and resources:
| Study Materials | Resources |
|---|---|
| Official FINRA Series 86/87 Guide | Additional Recommended Reading |
| Online Study Communities |
Tips for Effective Exam Preparation
Utilize a variety of study materials and resources to effectively prepare for the exam. To maximize your study time and improve your chances of success, it is crucial to implement effective time management and study strategies.
Here are three key tips to help you prepare for the FINRA Series 86/87 exam:
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Create a study schedule: Plan your study sessions in advance and allocate specific time slots for each topic. This will help you stay organized and ensure that you cover all the necessary material.
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Break it down: Rather than trying to tackle large chunks of information at once, break your study sessions into smaller, manageable segments. This will make the material more digestible and easier to retain.
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Practice with sample questions: Familiarize yourself with the exam format and content by practicing with sample questions. This will not only help you assess your knowledge but also improve your test-taking skills.
Practice Questions and Mock Exams
Make sure you take advantage of practice questions and mock exams as they can greatly enhance your exam preparation and boost your confidence. Practice questions provide an opportunity to test your knowledge and identify areas that need improvement. Mock exams simulate the actual exam environment, helping you familiarize yourself with the format and time constraints. Answer explanations provided for practice questions and mock exams allow you to understand the reasoning behind correct answers and learn from your mistakes. Time management strategies are crucial during the exam, and practicing with timed mock exams can help you develop effective strategies to allocate your time wisely. By utilizing practice questions and mock exams, you can refine your understanding of the material, improve your test-taking skills, and increase your chances of success on the FINRA Series 86/87 Research Analyst Examination.
| Practice Questions and Mock Exams | |
|---|---|
| Enhance exam preparation | Boost confidence |
| Test knowledge and identify weaknesses | Understand reasoning behind answers |
| Simulate actual exam environment | Develop time management strategies |
| Learn from mistakes | Refine understanding of material |
| Improve test-taking skills | Increase chances of success |
Frequently Asked Questions
How Long Is the FINRA Series 86/87 Exam?
The duration of the FINRA Series 86/87 exam, also known as the Research Analyst Examination, refers to the time limit you have to complete it. It is essential to understand the exam’s time constraints in order to effectively manage your preparation and test-taking strategy.
What Is the Passing Score for the FINRA Series 86/87 Exam?
Passing the FINRA Series 86/87 exam is no easy feat, but the good news is that there is a clear benchmark to aim for. The passing score for this exam is 73%, which means you need to demonstrate solid knowledge and understanding of the material.
It’s important to note that the duration of the exam is 4 hours and 30 minutes, so make sure you manage your time effectively to maximize your chances of success.
Are There Any Prerequisites or Eligibility Requirements for Taking the FINRA Series 86/87 Exam?
To take the FINRA Series 86/87 exam, you must meet certain prerequisites and eligibility requirements.
These include being associated with a FINRA member firm, completing the required training, and passing the Securities Industry Essentials (SIE) exam. Additionally, you must have a good disciplinary record and not be subject to any statutory disqualification.
These requirements ensure that individuals taking the exam have the necessary knowledge, skills, and ethical standards to become research analysts.
How Often Is the FINRA Series 86/87 Exam Offered?
The FINRA Series 86/87 exam is offered multiple times throughout the year, providing you with ample opportunities to take it.
To prepare effectively for the exam, it’s recommended to implement exam preparation strategies such as creating a study schedule, utilizing practice exams, and reviewing relevant study materials.
Passing the exam can open up job opportunities for research analysts in various financial institutions, including investment banks, asset management firms, and brokerage firms.
Can I Retake the FINRA Series 86/87 Exam if I Fail on My First Attempt?
Yes, you can definitely retake the FINRA Series 86/87 exam if you fail on your first attempt. Don’t worry, it’s not the end of the world!
Just take a moment to analyze your exam preparation strategies and identify areas where you can improve. Focus on studying the material thoroughly and practicing sample questions to boost your confidence.
Conclusion
In conclusion, the FINRA Series 86/87 Research Analyst Examination Study Guide is an essential resource for anyone preparing for this challenging exam.
With its comprehensive coverage of key topics and concepts, along with practice questions and mock exams, it provides a solid foundation for effective exam preparation.
By utilizing the study materials and resources provided, you can enhance your understanding and increase your chances of success.
So, don’t delay, grab your copy of the study guide today and dive into the world of analytical precision and data-driven success.
As they say, ‘knowledge is power!’
