FINRA Series 86 Research Analyst Practice Exam 2025 - Free Research Analyst Practice Questions and Study Guide

The FINRA Series 86 Research Analyst Exam is a crucial step for anyone aspiring to become a licensed research analyst in the financial industry. This exam assesses your competency in equity research analysis and requires a deep understanding of financial concepts, analytical techniques, and industry practices.

Becoming a research analyst offers a rewarding career in the finance sector, providing insights into financial data and helping businesses make informed decisions. Achieving a Series 86 license will set you apart in a competitive industry, showing your commitment to excellence and professional growth.

Exam Format

The FINRA Series 86 Exam consists of 100 multiple-choice questions, divided into two main sections: Information Collection and Analysis, and Analysis, Forecasting, and Valuation of Securities. Candidates are given four and a half hours to complete the exam, divided into two segments of 105 minutes each.

To succeed, you must possess detailed knowledge and analytical skills to interpret complex data, financial reports, and market trends. Passing this exam requires dedication and a thorough understanding of financial markets, tools, and valuation theories.

Information Collection and Analysis

This section evaluates your ability to gather information, use analytical tools, and understand data presentation. You should be comfortable with:

• Data Sources and Collection: Identify and employ different data sources effectively.
• Financial Reports Analysis: Interpret balance sheets, income statements, and cash flow statements.
• Data Quality and Integrity: Assess the veracity and reliability of data.

Analysis, Forecasting, and Valuation of Securities

This segment focuses on your skills in forecasting and valuing equities. It includes:

• Valuation Methods: Apply valuation models like DCF (Discounted Cash Flow) and financial ratios.
• Economic Conditions Impact: Predict how macroeconomic variables affect market performance.
• Investment Strategies: Develop and propose investment recommendations.

What to Expect on the Exam

Understanding the exam’s scope and structure is vital for success. The Series 86 demands not only academic comprehension but also analytical applicability. Expect questions that require:

• Critical Thinking: Ability to deduce conclusions from financial concepts.
• Problem-Solving: Tackle complex scenarios with structured solutions.
• Time Management: Allocate your time wisely to complete each section within the time limit.

Tips for Passing the Series 86 Exam

Preparation is the key to passing the Series 86 Exam with flying colors. Here are some strategic tips to boost your exam readiness:

• Develop a Study Plan: Start early, and allocate consistent study hours. Break down the curriculum into manageable units.
• Use Examzify Practice Exams: Our platform offers targeted practice exams and quizzes designed to mimic the actual test format, helping you assess your preparedness.
• Study Financial Models and Theories: Deepen your understanding of essential financial models and economic theories crucial for analysis.
• Join Study Groups: Discussing complex topics with peers can offer new insights and reinforce your understanding of difficult concepts.
• Utilize Multiple Resources: Besides textbooks, explore online resources, webinars, and industry reports to broaden your knowledge base.
• Take Care of Your Well-being: Stress management techniques such as regular exercise and adequate sleep are as important as study techniques.

Final Preparations

In the days leading up to the exam, focus on reviewing key concepts and taking timed practice exams. Keep track of areas where you require further study and allocate revision time accordingly. Ensure you understand the testing center's procedures and requirements to avoid any exam-day surprises.

Becoming a licensed research analyst opens up a world of opportunities in the financial industry, from corporate finance roles to consultancy positions. With the right preparation and mindset, you can excel in the Series 86 Exam and embark on a promising career path.

Review our comprehensive study resources and practice exams to embark on your journey with confidence and clarity. Success in the Series 86 Exam arms you with the credentials to succeed as a recognized research analyst, enabling you to offer valuable insights and recommendations in the finance world.

Stay committed, stay prepared, and let Examzify be your guide to achieving excellence in your financial career aspirations.