Know how the exam is composed. The Series 87 portion of the exam consists of 50 multiple-choice questions and has a 90-minute time limit. The Series 86 portion of the exam is 100 multiple-choice questions done in four hours.
Become familiar with the Series 87 exam breakdown. This portion of the exam will test your knowledge regarding regulatory administration and industry best practices. The two sections include the following topics: Proper Preparation of Research Reports and Dissemination of Information.
Be aware of the National Association of Securities Dealers and the New York Stock Exchange rules and Regulations. You will be tested on them in the Series 87 portion of this exam.
Study the Securities Act of 1933 and the Securities Exchange Act of 1934. The Series 87 portion will have questions regarding these Acts.
Learn the Series 86 Exam portion breakdown. This portion of the exam will test you ability of analysis and valuation of equity securities. This portion of the exam includes the following topics: Information collection, Data collection and Analyses, Modeling and Valuation techniques.