Series 86 Exam — Mock Exams & Practice Tests

The Series 86 is Part I of FINRA’s Research Analyst Qualification Exams (Series 86 and 87). Series 86 focuses on the analyst’s core technical work: information/data collection, fundamental analysis, forecasting, and valuation.

Key points:

• Sponsorship required: you must be associated with a FINRA member firm (or other applicable SRO member firm) to sit for Series 86.
• Corequisite: SIE.
• Research Analyst registration: you generally must pass SIE + Series 86 + Series 87 to obtain the Research Analyst registration.
• Possible exemption: candidates who passed CFA Level I & II or CMT Level I & II may request an exemption from Series 86 (per FINRA eligibility rules).

Use this hub as your study flow:

• Overview : exam format, timing, score, and what’s tested
• Syllabus : blueprint → functions → learning objectives (practice links included)
• Cheatsheet : modeling + valuation toolkit + common traps
• Practice : timed mocks + targeted drills
• FAQ : eligibility, exemptions, Series 86 vs Series 87, and study strategy
• Resources : official FINRA links and the content outline PDF
• Updates : content changes and syllabus mapping updates

In this section

• Series 86 Mock Exams & Practice Exam Questions | FINRA Research Analyst (Part 1)
  Series 86 mock exams and practice exam questions for FINRA Research Analyst (Part 1). Timed practice sets and detailed explanations in the FINRA Exam Prep app (web, iOS, Android).