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Prepare for data analysis, valuation, underwriting, new financing transactions, securities registration, M&A, tender offers, restructuring, deal documents, and 80-question exam-day pacing.
Series 79 is FINRA's Investment Banking Representative Exam. Candidates have 2 hours and 30 minutes for 75 scored questions plus 5 unscored pretest items, and the passing score is 73%. HiraEdu maps preparation to FINRA's three investment banking job functions and the deal activities tied to the registration.
Series 79 is narrower than Series 7 but deeper on investment banking workflows. Most scored questions sit in data collection, analysis, and evaluation.
Series 79 assesses entry-level competency for Investment Banking Representatives.
The exam has 75 scored multiple-choice questions plus 5 unidentified pretest items, for 80 total questions.
Candidates have 2 hours and 30 minutes and need a 73% passing score.
Candidates need FINRA member or applicable SRO sponsorship, and SIE is a corequisite for Investment Banking Representative registration.
FINRA assigns 37 scored items to collection, analysis, and evaluation of data. Candidates should be ready for financial statement analysis, valuation methods, due diligence, company and industry information, capital structure, transaction rationale, projections, comparable companies, precedent transactions, and regulatory context.
The underwriting and new financing function includes public and private offerings, registration of securities, exemptions, deal participants, underwriting commitments, selling restrictions, disclosure documents, marketing materials, filing requirements, distribution rules, and transaction timelines.
Series 79 candidates should understand mergers and acquisitions, tender offers, financial restructurings, asset sales, divestitures, business combinations, fairness opinions, deal consideration, approvals, disclosure, and closing mechanics as workflows rather than isolated definitions.
Use this FINRA Series 79 (Investment Banking Representative) exam help page for exam-specific context, then compare the broader online exam help services page or contact HiraEdu if you need a direct handoff. This page stays focused on FINRA Series 79 (Investment Banking Representative) while the linked service pages cover broader exam support options.
The Series 79, Investment Banking Representative Exam, assesses whether an entry-level investment banking representative can advise on or facilitate debt and equity offerings, private placements, public offerings, mergers and acquisitions, tender offers, financial restructurings, asset sales, divestitures, and business combinations. FINRA lists 75 scored multiple-choice items, 2 hours and 30 minutes of testing time, a 73% passing score, a $395 fee, and SIE as a corequisite. The current content outline adds 5 unidentified pretest items, so candidates see 80 total questions. Candidates must be associated with and sponsored by a FINRA member firm or other applicable SRO member firm to be eligible. FINRA's outline allocates 37 scored items to collection, analysis, and evaluation of data, 20 to underwriting/new financing transactions, types of offerings, and registration of securities, and 18 to M&A, tender offers, and financial restructuring transactions. HiraEdu builds Series 79 preparation around valuation, financial statements, due diligence, capital structure, registration exemptions, securities offerings, underwriting process, deal documents, fairness opinions, tender offer rules, M&A process, restructuring concepts, and Prometric scheduling readiness.
Series 79 is the Investment Banking Representative Exam for candidates who advise on or facilitate investment banking transactions.
The current exam has 75 scored multiple-choice questions and 5 unidentified pretest items, for 80 total questions.
Candidates have 2 hours and 30 minutes to complete the exam.
FINRA lists the Series 79 passing score as 73%.
Yes. FINRA states that candidates must be associated with and sponsored by a FINRA member firm or other applicable SRO member firm, and SIE is a corequisite.
Use FINRA's 37, 20, and 18 item allocations to plan study time for analysis, underwriting and offerings, and M&A or restructuring transactions.
Practice valuation ratios, enterprise value, equity value, accretion and dilution, debt capacity, cost of capital, IRR, NPV, and comparable company or precedent transaction logic.
Connect registration statements, offering memoranda, engagement letters, fairness opinions, underwriting agreements, tender offer materials, and disclosure obligations to the correct deal stage.
Run 80-question timed practice in 150 minutes and review misses by function so analysis weaknesses do not hide inside deal-process questions.
Use the guide to self-serve, or talk to a coordinator if you need help mapping timelines, official requirements, or troubleshooting day-of logistics.
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