The SIE Exam is the stepping stone to
your financial services career
because it's the co-requisite to taking any of the FINRA qualification (Series) exams. … When employers see on your resume that you've already passed the SIE Exam, they will appreciate that you're serious about a financial services career.
How hard is the securities industry Essentials exam?
With
an average pass rate of 74%
, the SIE exam difficulty is very challenging. For a passing pass rate score, candidates must answer 53 out of the 75 questions correctly. Individuals who are 18 or older are eligible to take the SIE FINRA exam.
What is the SIE exam good for?
The SIE Exam is the stepping stone to
your financial services career
because it's the co-requisite to taking any of the FINRA qualification (Series) exams. … When employers see on your resume that you've already passed the SIE Exam, they will appreciate that you're serious about a financial services career.
What is the security industry exam?
The SIE Exam is
a required qualifications exam administered by FINRA
. It tests basic information including products, risks, the structure & function of the securities industry & its regulatory agencies, and knowledge of regulated & prohibited practices.
What material is on the SIE exam?
The Securities Industry Essentials (SIE) exam assesses a candidate's basic knowledge of the securities industry. The exam focuses on industry terminology,
securities products
, the structure and function of the markets, regulatory agencies and their functions, and regulated and prohibited practices.
Is Sie harder than Series 7?
The Series 7 Goes Deeper
The
Series 7 exam is essentially a much more difficult SIE exam
. It has 125 questions (plus 10 extra that don't count toward your score) vs 75 for the SIE exam. A key difference in the SIE vs Series 7 is that the content goes much deeper for the Series 7.
What if I fail the SIE exam?
Is there a waiting period if I fail the SIE? The waiting period for the SIE is the same as that for FINRA's other exams. After the first and second failed attempts, there is a
30-day waiting period
. … For any attempts after the third attempt, there is also a 180-day waiting period between each exam attempt.
What is the hardest series exam?
The Series 7 exam
is by far the longest and most difficult of all the securities exams.
How many hours should I study for the Sie exam?
In order to pass the SIE exam, you will likely need to dedicate many hours over the course of weeks (or months) to study the material. While everyone retains information a bit differently, it's recommended that you spend
at least 50 hours
seriously studying before your exam.
How long is the Series 7 GOOD FOR?
The Series 7 license is good for
the entire period that you work for a FINRA-member firm or self-regulatory organization (SRO)
. It only expires if you are terminated or leave a firm and do not find employment within two years at another FINRA-member firm or SRO.
Can I take the SIE exam on my own?
The SIE exam is FINRA's general industry exam. … Although ideal for university students and career changers,
anyone can sit for the exam without prior association with a firm
.
What does it mean to pass the SIE?
The
Securities Industry Essentials
®
(SIE
®
) Exam is a FINRA exam for prospective securities industry professionals. … In order to become registered to engage in securities business, an individual must pass the SIE and a qualification exam appropriate for the type of business the individual will engage in.
Who needs a Series 6 license?
However, a Series 6 license is all that some
financial advisors, investment advisors, and retirement planners
need. Such advisors may only need a Series 6 license if they just sell insurance, annuities, and certain types of mutual funds, not individual stocks.
Can I take the SIE exam online?
1. Which exams are available for testing online? Online test delivery is available to candidates with
open enrollment windows
for the following exams: Securities Industry Essentials (SIE)
Can I take Series 7 before Sie?
Frequently Asked Questions
SIE is a co-requisite for the Series 6 and Series 7 exams and
can be taken any time before or after the Top-Off exams
(within 4 years). We recommend, however, that you pass your SIE exam first and then prepare for Series 6 or 7 Top-Off.
How do you put sie on resume?
Tap your profile picture > View Profile. Tap the Add icon at the bottom right hand of the screen. Tap the
Background > Licenses and Certifications
from the list to add a new certification. Fill in the relevant details and tap Save on the top right corner of the screen.
