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Series 162 Resources: Official FINRA Links for Supervisory Analyst Part II

April 23, 2026

Official Series 162 resources for FINRA Supervisory Analyst Part II, including Series 16 exam facts, content outline, CFA Level I exemption context, scoring, and study checkpoints.

On this page

Use these official resources as your source of truth.

Quick links:

Official source set

ResourceWhy it matters
Series 16 exam page (FINRA)Best starting point for current Series 16 structure, Part II context, and the CFA Level I exemption note.
Series 16 Content Outline (PDF)Best source for Part II weighting, topic scope, and sample-item style.
FINRA exam credit and validityUse only if you have a specific prior-exam or lapse issue.
FINRA exam waivers and exemptionsUse only if your firm is evaluating the CFA Level I exemption or another waiver issue.

Official fact checklist

Fact to confirmCurrent FINRA reference point
Series 16 structurePart I is Series 161; Part II is Series 162.
Series 162 exam focusValuation of securities and supervisory review of report support.
Item count50 items.
Time limit120 minutes.
Passing score74%.
Larger functionReview whether a reasonable basis exists for the analyst’s conclusions.
Exemption noteThe FINRA outline states that passing CFA Level I may exempt a candidate from Part II, subject to evidence and current processing.

What to confirm before you book

  • confirm that you need Series 162 as Part II of the supervisory analyst path
  • confirm the current item count, time limit, and passing score from the live FINRA page
  • confirm the CFA Level I exemption note directly from FINRA before assuming it applies
  • confirm firm sponsorship, Form U4 handling, and any exemption evidence through your compliance or registration team

Strongest use of the official source set

  1. Start with the FINRA Series 16 page to confirm the two-part qualification structure.
  2. Read the outline PDF and note the two Part II functions and their weight.
  3. Check the CFA Level I exemption note directly on the current FINRA page if that issue is relevant to you.
  4. Convert each FINRA task into a practical review decision: accept support, challenge a source, recalculate, request revision, or reject an unsupported conclusion.

How to read the outline efficiently

Do not read the outline as a generic valuation syllabus. Read it as a report-review workflow:

Outline areaConvert it into this question
sources, data, and calculationsAre the inputs identified, current, credible, and internally consistent?
accounting and financial statementsDo the numbers reconcile and are the adjustments explained?
valuation methodsDoes the method fit the conclusion and security type?
ratings, targets, and estimatesDoes the conclusion match the strength of the support?
economics, industry, and company analysisDoes broad context actually support the issuer-specific claim?
technical analysis and indicatorsAre indicators supporting the thesis or replacing real support?

Common weak resource habits

  • treating Series 162 like a stand-alone qualification
  • ignoring the difference between data integrity and analytical-basis review
  • assuming the CFA Level I exemption applies without checking the live FINRA wording
  • memorizing valuation terms without asking whether the report’s conclusion is defensible
Revised on Friday, May 29, 2026
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