FINRA Series 86 Practice Exam 2025 – Complete Guide for Research Analyst Test Prep

Becoming a research analyst via the FINRA Series 86 exam can immensely boost your career in finance. Designed to measure a candidate's ability to analyze and interpret complex financial information, the exam is a gateway to advancing your credentials and expertise in financial analysis.

The Series 86 exam focuses on testing your knowledge and skills in financial analysis, ensuring you're equipped to make informed decisions in the dynamic world of securities and investment.

Exam Format

The Series 86 exam consists of 100 multiple-choice questions that you must complete within a four-hour time frame. The questions revolve around the core competencies of gathering, evaluating, and communicating information regarding securities and companies. You must score at least 73% to pass the exam.

The exam encapsulates the following primary areas:

• Information Gathering: Identify and assimilate relevant data for financial analysis.
• Analysis: Develop proficiency in interpreting financial statements and reports.
• Valuation and Recommendations: Use analytical abilities to evaluate company potential and make informed investment recommendations.

What to Expect on the Exam

Candidates should anticipate a challenging exam. The Series 86 is built around ensuring only those with a sophisticated understanding of financial analysis concepts and practical experience can pass. The difficulty level is high to match the demands placed on professional research analysts.

Key content areas include:

• Equity Analysis: In-depth comprehension of financial accounting and financial statements.
• Quantitative Analysis: Understanding and applying financial modeling and corporate finance.
• Economic Analysis: Grasping economic factors affecting industry and company performance.

Expect questions that require analysis of balance sheets, income statements, and cash flow statements. An adept understanding of valuation models, ratios, and market indicators is indispensable.

Tips for Excelling in Your Exam

Preparation is paramount for conquering the Series 86 exam. Here are strategies to optimize your study efforts:

• Create a Study Plan: Draft a robust study schedule that allocates sufficient time for in-depth study of each topic area. Balance your study sessions to avoid burnout.

• Leverage Study Resources from Examzify: Make use of comprehensive study guides, flashcards, and quizzes available online. These resources are designed to mimic actual exam conditions and offer real-time feedback.

• Understand the Big Picture: Focus not only on memorizing formulas but also on understanding their practical applications. Comprehend how financial concepts are interrelated, aiding in holistic learning.

• Focus on Weak Areas: Identify topics where you're weakest and allocate additional study time to these subjects. Regularly take self-assessment tests to track your progress.

• Practice Analytical Thinking: Develop your analytical skills by reviewing financial publications and conducting real-time analyses. This will enhance your ability to interpret and synthesize financial data effectively.

• Join Study Groups: Collaborate with peers to exchange knowledge and discuss complex topics. This interactive form of learning can solidify your understanding and provide diverse perspectives.

Studying effectively for the Series 86 ensures you're well-prepared to navigate the intricacies of financial analysis, setting a strong foundation for a successful career in financial markets.

Why Become a Series 86 Qualified Research Analyst?

Achieving Series 86 qualification not only demonstrates your in-depth knowledge of financial analysis but also opens doors to critical roles in finance such as equity research analysis. You'll join a field of esteemed professionals respected for their analytical insights and decision-making prowess.

The journey to becoming a FINRA Series 86-certified research analyst might be demanding, but mastering the concepts and skills will transparently reflect in your capabilities as a financial researcher. With robust preparation, focus, and dedication, passing the Series 86 exam is within your reach.