Series 86 Study Guide + Question Bank

Series 86 Study Guide + Question Bank (Online)

Prep for the Series 86 - Research Analyst Qualification Exam (Part I) with online study lessons plus 635 exam-style practice questions across 10 chapters, 2 mini exams, and 3 full-length 85-question practice exams. Self-paced online prep focused on economics, industry analysis, financial statements, ratios, projections, and valuation.

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Instant digital access • Mobile + desktop friendly • Progress tracking • Built for exam-style testing

What you get with the Series 86 Study Guide

  • Online study lessons covering the full Series 86 outline - economics, industry analysis, financial statements, earnings quality, ratios, projections, and valuation
  • 635 exam-style practice questions across 10 chapters mapped to the FINRA Series 86 content outline
  • 30 chapter quizzes - Learn (10 Qs), Apply (10 Qs), and Master (10 Qs) for every chapter
  • 2 Mini Exams (40 questions each) for timed practice
  • 3 full-length Practice Exams (85 questions each) matching the real Series 86 scored exam length exactly
  • Heavy coverage of reading the economy, sector analysis, fundamental analysis, earnings quality and accounting choices, profitability ratios, building projections, and valuation models (DCF, multiples, comparables)
  • Progress tracking by chapter and difficulty to target weak areas fast
  • Clear explanations focused on what FINRA actually tests on the analysis half of the Research Analyst exam
  • Built specifically for the equity research analyst role
  • 6-month online access from purchase date

What you'll study

Organized around the FINRA Series 86 content outline - information and data collection, data verification and analysis, and valuation and forecasting. The 10 chapters in the study guide map directly to these functions.

Information & Data Collection (21%)

Information & Data Collection (21%)

  • The research analyst role and how the Series 86 exam is structured
  • Reading the economy - indicators, monetary and fiscal policy, and macro trends
  • Analyzing the industry sector and competitive dynamics
  • Gathering and organizing company, industry, and economic data

Data Verification & Analysis (33%)

Data Verification & Analysis (33%)

  • Financial statements and fundamental analysis
  • Earnings quality, accounting choices, and corporate actions
  • Key ratios and profitability metrics
  • Verifying data and testing the reasonableness of reported results

Valuation & Forecasting (46%)

Valuation & Forecasting (46%)

  • Building financial projections and models
  • Valuation metrics and models - DCF, multiples, and comparables
  • Forecasting, catalysts, and forming recommendations
  • Synthesizing analysis into a supported investment view

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Series 86 Study Guide + Question Bank

$99.99

  • Includes: online study lessons + 635-question bank + 2 mini exams + 3 full-length 85-question practice exams + chapter quizzes
  • Access: 6 month access to the study guide and question bank
  • Start studying immediately after purchase - no waiting.
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Frequently asked questions

  • You'll have access for 6 months starting immediately after purchase.

About the Series 86 - Research Analyst Qualification Exam (Part I)

Exam format (official, accurate as of June 2026):

  • 85 scored multiple-choice questions
  • 4 hours 30 minutes
  • Passing score: 73%
  • Corequisite: SIE (SIE + Series 86 + Series 87 are required for the Research Analyst registration)
  • Developed and administered by FINRA

The Series 86 is the securities-analysis half of the Research Analyst Qualification Exam, covering data collection, data verification and analysis, and valuation and forecasting. For the official exam outline, scheduling, and registration details, see the FINRA Series 86 and 87 exam page.

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