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Everything You Need to Know About the Series 24

February 28, 2024

Embarking on the journey to obtain a Series 24 license is a significant step in the world of securities, marking a transition into higher-level management and oversight roles. This comprehensive blog post is your go-to resource for everything you need to know about the Series 24 license – from what it entails and how to use it, to mastering the exam and excelling in your financial career. 



What Is a Series 24 License? 

The Series 24 license is a qualification granted by the Financial Industry Regulatory Authority (FINRA) that allows an individual to supervise and manage a member firm's investment banking or securities business, qualifying them as a General Securities Principal. 

What Can You Do with a Series 24 License? 

With a Series 24 license, you can supervise and manage various aspects of a FINRA member firm's investment banking or securities business, including overseeing trading and market-making activities, investment banking, and other broker-dealer functions. Obtaining this license is beneficial as it signifies advanced knowledge and credibility, opening doors to higher-level management and supervisory roles within the financial industry. 


Series 24 Exam Cost 

The cost of the Series 24 exam is $175.  


In addition to passing the S24, candidates must also pass the SIE and one of the following representative-level qualification exams: Series 7,   Series 57, Series 79,  Series 8, Series 86 and 87, or the Series 16. 


How Hard is the Series 24 Exam? 

The Series 24 exam is generally considered challenging due to its comprehensive coverage of regulatory and supervisory topics within the financial industry. It requires a deep understanding of rules and regulations, demanding significant study and preparation to pass successfully. 


Refer to our blog post, How Hard is the Series 24 Exam? for more details. 


How Long is the Series 24 Exam? 

The Series 24 exam consists of 150 multiple-choice questions. Candidates are given 3 hours and 45 minutes to complete the exam. 


How to Study for Series 24 Exam? 

To study for the Series 24 exam, it's advisable to follow a structured plan that includes using study guides and practice exams, and allocating regular, focused study time. For a detailed approach, refer to our blog post, How to Study for the Series 24 Exam. 


Series 24 Pass Rate 

Candidates must achieve a 70% to pass the Series 24 exam. Although there are no official pass rates published for the Series 24, it’s considered very difficult compared to the prerequisite exams. Extensive studying and preparation is recommended for success. 


Series 24 Exam Tips 

For success in the Series 24 exam, focus on mastering regulatory guidelines, understanding compliance issues, and taking practice exams to familiarize yourself with the format and types of questions. It's also crucial to allocate sufficient study time and utilize reliable study materials and courses, such as those offered by ExamFX. This preparation will build confidence and in-depth knowledge, key to passing the exam.  

The ExamFX Series 24 Exam Prep Training Study Materials include:  

Learn more about our Series 24 Exam Prep Training Course & Study Materials here.