A Series 6 exam is required in order to sell certain financial products. The exam is designed to ensure that representatives understand the products and regulations well enough to provide their client with the right investments. According to The Financial Industry Regulatory Association, a person who passes the Series 6 is qualified “for the solicitation, purchase and/or sale of,” mutual funds, variable annuities, variable life insurance, unit investment trusts, and municipal fund securities.
About the Exam
The exam is only 50 questions long and you are given 90 minutes to complete it. All of the questions are multiple choice. A passing score is 70%, so you don’t have to ace the test to get the credentials you need.
Tools for Reducing Stress
Any test that impacts your future career can be very stressful. There are a few things you can do to help eliminate stress. As you study for you exam, be sure to leave time for sleeping, eating, and exercising. Sleeping well will help you focus and concentrate on exam day. Eating healthy food fuels your brain and wards off sickness. Exercising regularly can improve your emotional state, send oxygen to your brain, which will help it function at its best, and reduce stress and anxiety.
Test Taking Tips
Remember the test is multiple choice. You can use test strategies such as elimination to arrive at the correct answer. Always read the question thoroughly so that you can catch all of the details. Small details can make a big difference. You should also avoid adding your own details or assumptions to the question. Use only the information given to answer the questions. Investopedia suggests avoiding spending too much time on formulas. According to their article, there are only about three questions on the exam that require the use of a calculator.
Boost Your Confidence
Regular study and preparation will give you the tools you need to feel confident about taking the exam. If you are feeling anxious on the day of the exam, take deep breaths to recenter your focus on the exam and relieve some stress. The Series 6 exam can be challenging, but with study and preparation, and tools to alleviate stress you can perform your best and earn the credentials you need to do your job well.