Series 16 is a license and exam, which is also often called the New York Stock Exchange, or NYSE, Supervisory Analyst Exam. As its name implies, the test assesses an individual's ability to successfully perform the job functions of a typical supervisory analyst in a NYSE member firm. The exam is given in two separate parts. The first part has 50 multiple-choice questions, which must be completed within a one hour and thirty-minute timeframe. Individuals must get at least 72% of these questions correct in order to pass and move on to part two of the exam. The second part of the exam also has 50 multiple-choice questions. However, test-takers are given two hours to complete the test and must get at least 74% of the questions correct.
If you're a financial professional who wants to become an NYSE supervisory analyst, you'll need to first pass the Series 16 in order to meet your licensing requirements. You should begin your test preparation process by figuring out what exactly the Series 16 Exam covers. The first part of the exam goes over relevant Financial Industry Regulatory Authority rules, applicable provisions of the Securities Act of 1933, and the Securities Exchange Act of 1934, amongst other things. Conversely, the second part of the Series 16 goes covers topics like the valuation of securities, economic and technical analysis, and accounting.