Series 54 — MSRB Municipal Advisor Principal Qualification Examination

The MSRB Municipal Advisor Principal Qualification Exam (Series 54) qualifies you to manage, direct, and supervise municipal advisory activities. These activities include advising a municipality regarding issuing municipal securities, such as the structure, timing, or terms of an issue. Soliciting municipal securities business from municipalities on behalf of a third party is also a form of municipal advising. To become qualified as a municipal advisor principal, you must also pass the Series 50. Read more Series 54 FAQs.

Solomon Exam Prep’s innovative study system has helped thousands pass their securities exams. Explore Solomon’s Series 54 study materials below and get started on your path to becoming a Municipal Advisor Principal!

QUICK LOOK:

  • RECOMMENDED STUDY TIME: 40 hours
  • EXAM LENGTH: 110 questions
  • EXAM TIME: 3 hours & 30 minutes
  • PASSING SCORE: 70%
  • TAKING EXAM: Testing is done via Prometric
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Study Guide
ONLINE STUDY GUIDE

“The Solomon Exam Prep Guide to the Series 54” offers a comprehensive guide to the MSRB Series 54 Municipal Advisor Principal Qualification Examination. 

To view a sample click here.

The Solomon Exam Prep Guide to the Series 54 offers a comprehensive guide to the MSRB Series 54 Municipal Advisor Principal Qualification Examination.

Municipal advisor principals—those who engage in the management, direction or supervision of the municipal advisory activities of the municipal advisor and its associated persons—must pass the Series 50 exam prior to taking the Series 54 exam.  

Written in clear English and offering practice questions with detailed explanations, stimulating exercises, and visual aids sprinkled throughout the text, the Solomon Exam Prep Guide will get you on track to learning the content necessary to pass the Series 54 exam.

The Solomon Series 54 exam study guide is available as an online digital manual via your online student dashboard (requires Internet connection/not downloadable).

Please note: the digital guide and hard copy guide contain the same content, however, this image is a PDF of the hard copy guide and the digital guide is not a PDF and it does not look exactly the same as this PDF of the hard copy.  If you want this exact look, you must purchase the hard copy upgrade

To view a sample click here.
Exam Simulator
EXAM SIMULATOR

The Series 54 Online Exam Simulator is the industry-leading, online testing solution for the MSRB Series 54 Municipal Advisor Principal Qualification Exam! 

Sample a free demo of our Series 54 Online Exam Simulator here!

The Series 54 Online Exam Simulator is the industry-leading, online testing solution for the Series 54 - MSRB Municipal Advisor Principal Qualification Examination! The 180-day subscription includes:

• Over 750 original Series 54 practice questions with robust rationales which clearly explain why a specific answer is correct

• Questions updated continually to keep up with regulatory and industry changes

• Self-assessment tools that helps you identify areas that require more study

• An unlimited number of 10-question quizzes based on the FINRA exam sections  

• An unlimited number of 100-question untimed practice exams with immediate answer feedback

Exam simulator subscriptions are limited to one individual.

Sample a free demo of our Series 54 Online Exam Simulator here!
Video Lectures
VIDEO LECTURE

Having trouble nailing down the most important concepts for the MSRB Series 54 Exam? Our professor takes you through the most essential topics in this online Video Lecture.

Having trouble nailing down the most important concepts for the MSRB Series 54 Exam? Our professor takes you through the most essential topics in this online Video Lecture.

The Video Lecture includes explanations and problem-solving exercises, along with frequent example questions similar to what you may see on the exam.

This 2.5-hour video lecture goes over basic knowledge you will encounter on the exam. The videos can be watched on-demand for 180 days.

The Series 54 Video Lecture is viewed through our website and can be accessed via computer, tablet, or mobile device.

Audiobook
AUDIOBOOK

This three-hour audio recording of "The Solomon Exam Prep Guide to the Series 54" will give you the content of this invaluable and enjoyable study guide in an audio format.

To listen to a sample click here.

This three-hour audio recording of "The Solomon Exam Prep Guide to the Series 54" will give you the content of this invaluable and enjoyable study guide in an audio format. After hearing the book’s well-written content, you will be even more prepared to tackle the Series 54 exam with confidence!

The Series 54 Audiobook is a great companion to the Series 54 Online Exam Simulator, the industry-leading online testing program that ensures you are learning and retaining the information. 

  Available in the following formats:

  • Streaming Audio + Instant MP3 download

The MP3 files are compatible with all major MP3 players, including but not limited to: iPods, iTunes, Zune, Sony, MP3 CD Players, MP3 Walkman, Windows Media Player and QuickTime.

(Note for iPod, iPhone, and iPad users: MP3 files must be downloaded to a computer and added to iTunes before being transferred to your device.)

To listen to a sample click here.
WHAT CUSTOMERS SAY ABOUT SOLOMON'S MSRB MUNICIPAL ADVISOR PRINCIPAL QUALIFICATION EXAMINATION

The Solomon material was invaluable in helping me pass this exam. The organization of the content, the tests, the video and lecture material, were all exactly on point. Thank you! (Series 54)

Mark Melio, Melio & Company, LLC. Northfield, IL

ADDITIONAL FEATURES
STRENGTH BREAKDOWNS
Refine your Exam Simulator practice with detailed exam results. Solomon reports analyze which topics you’re strong in and which require more study so that you can focus your attention on the subjects that need your attention the most.
ASK THE PROFESSOR
Solomon students can click the Ask the Professor button and get:

  • A speedy response
  • Direct access to Solomon professors
  • Personalized help

"The Ask the Professor and live chat features were excellent!"

Carol G, New York
STUDY SCHEDULES
Interactive online study schedules help you master the exam study material with maximum efficiency. Choose a study schedule based on your timeline and expected exam date. You can edit, delete, and check off completed items or create custom items. You’ll find detailed instructions for what to do every step of the way.
INTERACTIVE REVIEW
This Exam Simulator feature makes it easy to review the questions you’ve gotten wrong on quizzes and exams. The interactive review is untimed, ungraded and you receive immediate feedback on your answers.
FREQUENTLY ASKED QUESTIONS ABOUT THE SERIES 54
  • What does a Series 54 license allow me to do?

    A Series 54 license qualifies individuals to manage, direct, and supervise municipal advisory activities such as:

    • Providing advice about municipal financial products
    • Providing advice about the issuance of municipal securities
    • Soliciting municipal entities to invest in financial products
    • Soliciting municipal entities to issue municipal securities


  • How long should I prepare for the Series 54 exam?

    We recommend studying 40 hours over a 3-week period.

  • How should I prepare for the Series 54 exam?

    Solomon offers a complete Series 54 study program, which includes digital Study Guide, Exam Simulator, Video Lecture, and Audiobook. Visit the Solomon Series 54 page to learn more.

  • How do I enroll to take the Series 54 exam?

    If you are associated with a municipal advisor firm that is not a FINRA member, you will need to use FINRA’s Test Enrollment Services System (TESS) to enroll to take the Series 54 exam.

    If you are associated with a municipal advisor firm that is also a FINRA member, you will need to have your firm enroll you to take the Series 54 exam by amending your Form U4. 

    Once your exam enrollment request has been processed by FINRA, you will receive an email notification, allowing you to schedule an appointment with a Prometric testing center. You must schedule a time to take the Series 54 exam within your 120–calendar day enrollment period. 

SERIES 54 PRODUCT SAMPLES

STUDY GUIDE

Guide Sample

EXAM SIMULATOR

Number of Questions10
Time DurationUntimed
Answer Feedback
Instant validation and rationale
Percentage required to pass70%

AUDIOBOOK

Thank you for listening to our audio samples. Purchase this audiobook to unlock all of the tracks.
Track Title Bookmark Length Download
3 Introduction 0:00 10:42
5 Chapter Two 0:00 37:32

VIDEO LECTURE

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