CHEAT SHEET · SERIES 79

Series 79 Cheat Sheet.
The night-before summary, built like the exam.

Weighted to the 2026 outline·15-minute scan·Verified 2026
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Series 79 Cheat Sheet — Investment Banking Representative Exam

Fast-reference facts, rules, and study reminders. Bold = must-memorize.

Exam Logistics (memorize these)

  • 75 scored questions
  • 150 minutes (2 hours 30 minutes)
  • Passing score: 73%
  • Fee: $395

Quick Math to Have Ready

  • At 73% passing on 75 scored questions, you need roughly 55 correct (0.73 × 75 ≈ 54.75) — aim for a margin above this.
  • 150 min ÷ 75 questions = 2 minutes per question as your pacing benchmark. Flag-and-return on anything that eats more time.
  • The exam may also contain unscored pretest questions in addition to the 75 scored — treat every question as if it counts.

Test-Day Rules of Thumb

  • The 73% threshold leaves little room for error — banking on ~55 correct means you can miss ~20 and still pass, so triage aggressively rather than getting stuck.
  • Budget the first pass at under 2 min/question to bank time for flagged items on a second pass.

Content Areas (typical Series 79 scope)

  • Collection, analysis, and evaluation of data
  • Underwriting / new financings (debt & equity offerings)
  • Mergers, acquisitions, tender offers, and financial restructurings

Confirm the current content outline and question weighting against FINRA's official Series 79 page before your exam.