FINRA Series 50: Municipal Advisor Representative Examination

The Series 50 Exam is required by the MSRB for representatives who will engage advising municipal entities on behalf of municipal advisory firms.

Number of Questions: 100 questions (plus 10 unscored experimental questions).
Exam Structure: 1 session covering all topics. All questions are multiple choice.
Prerequisites: None
Time to Complete: 3 hours
Passing Score: 71%; 71 questions correct
Recommended Study Time: 50-70 hours

Package Contents

All Knopman Marks packages include:
  • Series 50 License Exam Manual
  • Question Bank for online exams, including 800 practice questions
  • Various Supplements
  • Access to an instructor
  • Access to My Knopman

Click here to view the Exam Content Outline

Select Your Course Packages

Select the packages you would like to purchase and enter the quantity of each item. When you are finished, click the "Add To Cart" button at the bottom of the form.

On-Demand Training Package

  • Over 4 hours of training
  • Streaming On-Demand PowerPoint presentations
  • Instant access to online instruction

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Basic Package

  • Series 50 License Exam Manual
  • Online Question Bank
  • Access to an instructor
  • Material and Exams ONLY package
  • Training NOT included

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Video Lectures Only

  • Material & Exams are NOT included with this purchase
  • Instant access to online instruction
  • Over 4 hours of training
  • Streaming On-Demand powerpoint presentations

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The Series 50 examination is organized under the following major functions:

Topic Description Number of Questions
1 Understanding SEC and MSRB Rules Regarding Municipal Advisors 12
2 Understanding Municipal Finance 35
3 Performing Issuer?s Credit Analysis and Due Diligence 12
4 Structuring, Pricing and Executing Municipal Debt Products 31
5 Understanding Requirements Related to the Issuance of Municipal Debt 10
Total 100

No Exam Info

  • Knopman Marks students have unlimited access to classes for 1 year.
  • If these dates do not fit your schedule, instruction can also be provided on a private basis.