A Series 79 license is also called the Investment Banking Representative Examination (IB). This exam allows individuals to register with FINRA so they can provide advice or facilitate many operations. These operations include mergers, acquisitions, financial restructuring, and asset sales. The Series 79 exam allows representatives to focus only on the investment portions of a larger exam, the Series 7. There are more than 17,000 investment agencies in the United States.

Take the Exam

If you are interested in a Series 79 License, you must first take the SIE exam and pass it. This test includes fundamentals, product knowledge, practices that are acceptable and unacceptable. It is possible to take the exam while you are still in school and before you have a series 79 sponsorship. There is a window of four years to take and pass these exams.

Secure a Series 79 Sponsorship

You must have a sponsor for the exam. The sponsor must be a member of a FINRA firm or a self-regulatory organization (SRO). To be a candidate, firms must take an exam by filling out a Uniform Application for Security Industry Registration or Transfer. In addition to this, the sponsoring firm must pay an exam fee.


Once you have a Series 79 sponsorship, you have to take the Series 79 license. This is not an easy exam, and you must study by planning and being purposeful. There are some training programs in-house, or they have an agreement with a training provider. These review courses and prep can help you pass the exam the first time you take it. There are three major sections of the exam. These sections are specific to certain areas in which a representative will work. For example, there is a section dedicated to mergers and acquisitions. There is another section dedicated to evaluating data.

Pass the Exam

It is not enough to take the exam, but you also must pass it with a score of 70% or higher. You only have an hour and 30 minutes to take the test. When you pass the test, you will get your license.

If you are serious about getting a Series 79 license, you want to take the time to prep well for the exam. It will make all the difference between passing the first time and having to take it multiple times.