A private tutor may be exactly what you need to help you pass the Series 24 exam. A skilled Series 24 tutor can make a large impact on your mastery of the series 24 material in a relatively short period of time. Private tutoring is most effective when preparing for the Series 24 exam under the following scenarios:
Working one on one with a Series 24 tutor just prior to taking your Series 24 exam can make all the difference in the world. A Series 24 tutor will make sure you are focused, have mastered the Series 24 material and are confident in the application of the knowledge during your Series 24 exam. For Series 24 candidates who are getting ready to take the Series 24 exam for the first time or who have taken the Series 24 exam and missed passing the exam by 1 – 12 points, 4 – 8 hours of tutoring are usually enough to ensure you pass the Series 24 exam.
A recent Series 24 candidate who was being appointed as the manager of an OSJ for a large broker dealer had spent a significant amount of time preparing for the Series 24 exam. He was not scoring well at all on the Supervision of Trading and Market Making and Supervision of Investment Banking sections on the practice tests, and was not ready to pass the actual Series 24 exam. The vast majority of Series 24 candidates have not worked on a trading desk making markets and have not been a part of the syndicate team structuring underwritings. As a result, these are traditionally the areas that cause most people difficulty on the Series 24 exam.
One of our Series 24 instructors who has managed trading desks and who has syndicate experience reviewed the candidates exam results and noticed he was missing questions relating to customer order protection, order access, trade reporting and syndicate books and records on the practice exams. Our instructor spent a total of five hours virtually tutoring this Series 24 candidate focusing on these key areas explaining the subtle distinctions relating to order handling, syndicate books and fine tuning his test taking strategies. After five hours the Series 24 candidate had a mastered the material and easily passed the Series 24 the following week.
This Series 24 candidate is one of the few who worked on a trading desk and he aced all of the questions on the Supervision of Trading and Market Making section of the exam. However, he knew very little about the operations of a broker dealer outside of the trading department. He was making markets in several high volume stocks and was being promoted to manage other traders in the department. He scored 62% on his first attempt to pass the Series 24 exam. His promotion and increase in pay were being held up until he passed the Series 24 exam.
One of our Series 24 tutors who has experience as a Chief Compliance Officer for a regional Broker Dealer took the lead to construct a game plan for him to pass the Series 24 exam. After speaking with the candidate and evaluating his test scores this Series 24 candidate was assigned chapter readings and chapter tests to work on prior to meeting with our Series 24 tutor. As part of his comprehensive training plan phone calls were scheduled to review his chapter results and to provide the candidate with the opportunity to ask comprehensive questions. Once significant progress had been made in the assigned chapters, two four hour review sessions were then scheduled at the candidate's location and designed to ensure that he passed his Series 24 exam. The candidate took his exam several days later and passed the Series 24 exam with a score of 83% and received his promotion and his raise.
A large producer at a national firm decided to go independent and wanted his four junior partners to join him in his new firm. This Series 24 candidate was opening a new firm, managing over a billion dollars in client accounts and needed to pass the Series 24 exam all at the same time. As so often is the case with established veterans, finding the time to prepare for the Series 24 exam was one of the candidate's biggest challenges. This Series 24 candidate had to start from scratch and pass the Series 24 exam in three weeks.
We set this candidate up with our Series 24 video, online Series 24 exam software and sent him the Series 24 textbook for next day delivery. Our Series 24 tutor set his study program up to watch the video over four evenings and to read the textbook on the weekends. He was advised to focus on the Supervision of Trading and Market Making and Supervision of Investment Banking sections. Our Series 24 tutor worked closely with him during the first two weeks, speaking on the phone answering questions, reviewing his exam results and emailing back and forth. Our Series 24 tutor met with the candidate from 9AM- 5PM Monday and Tuesday of the third week conducting a comprehensive Series 24 exam review. The Series 24 tutor made sure that he had mastered the Series 24 concepts and was applying the knowledge effectively. The candidate passed the Series 24 exam the next day and opened his office two weeks later.
Series 24 tutoring needs to be a customized training solution based on the needs of the individual candidate to be effective. Each Series 24 candidate has their own areas of strength and of weakness. By identifying the weak areas, improving comprehension, and guiding the candidate though the exam process, a Series 24 tutor can help ensure that you pass the Series 24 exam.