Series 24 – General Securities Principal Exam
Utilize our in-depth study guides and practice tests to get ready for the Series 24 General Securities Principal Exam. Obtain the information and self-assu
Series 24 Practice Test
The Series 24 exam is a qualification exam for those who want to work as a principal at a broker-dealer. It is a 150-question exam that takes 3.5 hours to complete. A score of 105 correct answers is considered passing.
Once you’ve completed your application/enrollment for the Series 24, FINRA will provide you with a 120-day window to schedule your exam. The exam is divided into five areas representing the main job functions of a General Securities Principal.
How Hard Is the Series 24 Exam
The Series 24 exam is a licensing examination for financial professionals seeking to manage and supervise a FINRA member firm’s general securities business. Known as the General Securities Principal Qualification Examination, this test is administered by FINRA and assesses candidates’ ability to perform supervisory duties in areas such as trading, market making, and advertising.
The FINRA Series 24 exam contains 150 questions and requires up to three hours and 45 minutes to complete. The passing score is 70% (105 correct answers). Candidates must be sponsored by a FINRA member firm or another self-regulatory organization to take the exam.
The Series 24 is a difficult exam because it requires a deep understanding of the rules and statutory provisions that govern managing and supervising a broker-dealer’s general securities business. It also requires knowledge of a broad range of topics, including real estate investment trusts, investment banking, corporate securities, and brokerage operations. Having the right study materials and strategy can tip the scales in your favor, so you can pass the Series 24 exam on your first try.
General Securities Principal Jobs
If you want to be a general securities principal, you’ll need to pass the Series 24 exam. This FINRA exam measures the competence of entry-level principal candidates to carry out the critical job functions associated with the position. These include advertising, market making, trading, and underwriting. The Series 24 is a difficult exam, and you’ll need to do a lot of preparation to prepare for it.
The exam consists of 150 scored questions and 10 unscored experimental questions. Candidates are allowed three hours and 45 minutes to complete the exam, and they must score at least a 70% to pass. The exam is divided into five sections that represent the major job functions of a general securities principal.
While the Series 24 is a tough exam, it’s also an excellent opportunity to gain experience and improve your skills. With Solomon’s FINRA Series 24 Exam Prep, you can get the tools you need to succeed in your career as a general securities principal. Try a free sample exam and see how you can increase your chances of passing the Series 24.
General Securities Principal Salary
The Series 24 exam is a requirement for anyone who wants to become a general securities principal. The exam focuses on the supervisory duties of principals, such as supervision of investment banking and securities business, underwriting, trading and market making. The exam lasts three hours and consists of 150 multiple-choice questions, including 10 unscored “pretest” questions.
The exam is administered by the Financial Industry Regulatory Authority (FINRA). It is one of 33 exams that are required to work in certain positions within a broker dealer. The other exams include Series 7, Series 63, and Series 66.
The Series 24 is a tough exam, but it can pay off if you pass it. According to Payscale, a general securities principal makes an average of $82,000 a year. Moreover, the job outlook is strong. However, it’s important to prepare thoroughly for the test. The best way to prepare is to study the exam content and practice with simulated exams. You can also get a free FINRA best practices guide to help you prepare.
