Series 79 (FINRA Series 79 — Investment Banking Representative) — Free Online Mock Test
Reduced-scope rep license for IB analysts (full exam 75 MCQ). Securities offerings, M&A, financial restructuring. Practice set. · Official language: English.
Series 79 exam at a glance
Series 79 full-length mock tests
Attempt 50 full-length Series 79 mock tests, each a distinct question set built on the real 25-question, 60-minute pattern — with instant scoring and section-wise analysis. The first 3 are free.
Series 79 key facts & eligibility
| Conducting body | Financial Industry Regulatory Authority (FINRA) |
|---|---|
| Official website | finra.org ↗ |
| Mode | The Investment Banking Representative qualification exam: a computer-based test of 75 scored multiple-choice questions in 2.5 hours at a Prometric centre. It qualifies you to work on debt/equity offerings and mergers and acquisitions. |
| Frequency | On demand, year-round once your firm opens a testing window. |
| Scoring & marking | You need 73% to pass the 75 scored questions. (Unscored pretest questions may also appear and are not identified.) |
| Score validity | The qualification remains valid while you are registered; after leaving the industry it generally lapses after a set period unless maintained through FINRA’s continuing-education program. |
| Language | English. |
Who is eligible for Series 79?
You must be associated with and sponsored by a FINRA member firm (or other applicable SRO member) to register. The Securities Industry Essentials (SIE) exam is a co-requisite — both must be passed to hold the Investment Banking Representative registration.
Last verified July 2026 against FINRA — Series 79. Always confirm current details on the official website before you register.
Series 79 section breakdown
The Series 79 mock test on Wrexa Edge replicates the real exam's section structure — same names, same question count per section, same time limits. No inter-section breaks — the timer runs continuously.
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Series 79 (25 Q)
Series 79 scoring & marking scheme
Strategy: Series 79 has no negative marking. Attempt every question — blank answers cost you potential marks but cannot pull your score down.
Scale: Series 79 (pass scaled).
How Series 79 is conducted
- Mode
- Test format
- Backtracking
- Mark for review
Series 79 time strategy
With 25 questions in 60 minutes, you have about 144 seconds per question on average. Successful candidates aim for the following pacing on each section:
- Series 79 (25 Q)
Wrexa Edge's analytics show your actual time-per-question after every mock so you can spot which sections you're losing time on.
Series 79 topics covered
Across the 50 Wrexa Edge variants of Series 79, the following topics appear most often (sample distribution from one variant):
Series 79 (25 Q)
- Series 79 — M&A · 7
- Series 79 — Valuation · 6
- Series 79 — Underwriting · 4
- Series 79 — Securities Offerings · 4
- Series 79 — Due Diligence · 1
- Series 79 — Scope · 1
- Series 79 — Compliance · 1
- Series 79 — Financial Analysis · 1
Series 79 difficulty calibration
Advanced tier. Advanced-level: high-stakes exam with rigorous content depth. Expect 4-8 months of structured prep.
Reduced-scope rep license for IB analysts (full exam 75 MCQ). Securities offerings, M&A, financial restructuring. Practice set. · Official language: English.
Verified content — Wrexa Edge's Series 79 bank has been deeply curated with real exam-aligned content (estimated 100% syllabus coverage).
How Wrexa Edge prepares you for Series 79
- Real test-day interface
- 50 distinct variants
- Detailed analytics
- Spaced repetition (Notebook)
- Optional proctoring
- Free to start
Expert take: what Series 79 really tests
Series 79 qualifies Investment Banking Representatives and is a 75-question exam at 73%, but you cannot take it without firm sponsorship, and the SIE is a co-requisite. Its content is deal-focused: valuation, offerings and M&A rather than general securities.
Preparation tips
- Line up firm sponsorship and pass the SIE — both are required alongside Series 79.
- Focus on valuation methods, deal mechanics and diligence, the heart of the exam.
- Drill timed question sets to the 73% standard before your window.
Common mistakes to avoid
- Assuming you can self-register without a sponsoring FINRA member firm.
- Studying general securities content instead of the deal-focused Series 79 material.
Series 79 study plan
A phase-by-phase roadmap from your first concept to test-ready. Stretch or compress each phase to fit the time you have before your attempt.
- Ensure the co-requisite SIE content is solid
- Learn valuation methods and financial-statement analysis
- Start Series 79 question practice
- Study offerings (debt/equity), M&A processes and due diligence
- Cover the regulatory framework for the representative role
- Drill timed question sets
- Sit full 75-question timed mocks
- Push past the 73% pass mark
- Re-drill valuation and deal-process weak spots
Where Series 79 can take you
A strong Series 79 result opens up these careers and higher-study paths:
- Investment banking registration
- Required for IB roles
- Deal-team readiness
- Finance-career credential
Best books & official prep for Series 79
- Series 79 exam-prep (e.g. Kaplan, STC, Achievable) — Various
- FINRA Series 79 content outline — FINRA
Official practice: Study the FINRA Series 79 content outline and a reputable prep course; pair it with SIE preparation since both are required, and drill valuation and deal-process questions.
Previous-year papers: FINRA does not release past exams; official content outlines plus a prep provider’s question bank are standard.
Frequently asked questions
- What is the Series 79 exam pattern?
- FINRA Series 79 — Investment Banking Representative contains 25 questions across 1 section: Series 79 (25 Q). Total duration is 60 minutes (about 144 seconds per question).
- Does Series 79 have negative marking?
- No — Series 79 has no negative marking. Each correct answer is worth 1 mark, so attempt every question.
- How is Series 79 scored?
- Scaled score range: 0 to 100. Series 79 (pass scaled).
- How can I practise Series 79 online for free?
- Wrexa Edge gives you 3 free full-length Series 79 mock tests — with instant scoring, detailed explanations and analytics — plus 47 more with Pro. Start practising in under a minute, no card required.
- What is the difficulty level of Series 79?
- Series 79 is rated Advanced difficulty on Wrexa Edge. Advanced-level: high-stakes exam with rigorous content depth. Expect 4-8 months of structured prep. Reduced-scope rep license for IB analysts (full exam 75 MCQ). Securities offerings, M&A, financial restructuring. Practice set. · Official language: English.
- How long is the Series 79 exam?
- Series 79 runs for 60 minutes total. On Wrexa Edge the timer is enforced exactly as on the real exam — including no inter-section breaks.
- What topics are covered in Series 79?
- Series 79 is split into: Series 79 (25 Q). Each section is timed and weighted separately. Reduced-scope rep license for IB analysts (full exam 75 MCQ). Securities offerings, M&A, financial restructuring. Practice set. · Official language: English.
- What tools or aids are allowed during Series 79?
- No special tools are required. Note: real exam is proctored — Wrexa Edge mirrors this with a webcam-based proctoring flow you can enable.
- Is the Series 79 test adaptive?
- No — Series 79 is a fixed-form (linear) test. Every candidate sees the same number of questions per section.
- How many Series 79 mock tests does Wrexa Edge offer?
- Wrexa Edge generates 50 distinct Series 79 variants — each with different question content, not just shuffled options — the first 3 free for everyone and 47 more with Pro. That's 1250 unique practice questions in the real test-day interface.
- Is there a free Series 79 test series 2026?
- Yes. The Wrexa Edge Series 79 test series for 2026 gives you 3 free full-length mock tests (50 in total) plus subject-wise and topic-wise tests — instant scoring and detailed analysis, no card required.
- Are Series 79 previous year question–style papers included?
- Every Series 79 mock is modelled on the official exam pattern and the style of previous years' papers — the same 25-question structure, sections and marking — so your practice mirrors the real paper you'll sit.
- Which is the best free Series 79 mock test online?
- Wrexa Edge's Series 79 mock test replicates the real exam interface, timing and marking scheme, with instant score, section-wise analysis and 50 fresh variants — a strong free choice for 2026 preparation.
- Can I take the Series 79 mock test on mobile?
- Yes. Series 79 mock tests run in any browser on mobile, tablet or desktop — no app or download needed. Start on your phone and your progress and analytics sync when you sign in.
- What is the Series 79 syllabus?
- The Series 79 syllabus maps to its 1 section: Series 79 (25 Q). Wrexa Edge's mock tests cover the complete syllabus topic by topic — see the topics-covered breakdown above — so you practise every area at real exam difficulty.
- What is the eligibility for Series 79?
- You must be associated with and sponsored by a FINRA member firm (or other applicable SRO member) to register. The Securities Industry Essentials (SIE) exam is a co-requisite — both must be passed to hold the Investment Banking Representative registration. Wrexa Edge focuses on realistic Series 79 practice: 3 free full-length mocks in the exact exam pattern, ready whenever you are.
- When is the Series 79 exam and how should I prepare?
- Official Series 79 exam dates are announced by the conducting body for each cycle — check the latest notification for the current schedule. To be ready, follow a phased study plan and take full-length timed mocks; Wrexa Edge gives you 3 free Series 79 mocks with instant scoring so you can track your readiness week by week.
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