Table of Contents
Where do you take the SIE exam?
The SIE, S6 and S7 can be taken at a test center or online. Any candidate interested in taking other FINRA exams online must complete and submit the FINRA Online Exam Administration Request Form before scheduling an exam appointment.
How often is the SIE exam offered?
How often is the SIE Exam offered? SIE Exam test dates are year-round. If you choose to take the SIE Exam remotely, you can schedule it whenever you like. If you’d rather go to one of the FINRA testing centers, which operate through Prometric, you’ll need to enroll before you can look at specific SIE test dates.
Can I take the SIE exam on my own?
Enrollment Options Students, individuals considering a securities-industry career, and formerly registered individuals who do not have SIE credit can enroll themselves for the SIE.
How long should you study for SIE?
Studying for the SIE Exam Achievable Blog recommends studying for 20 to 50 hours and for approximately two months. However, if you have experience in the field, you can expect your study time to be less than that. Review the FINRA content outline to get a full understanding of the test’s structure and content.
How long is sie good for?
four years
The SIE will be valid for four years from the date that you pass the exam. This means that if you become employed by a broker-dealer during the four-year period and need to become registered as a general securities representative, you will not need to take the SIE again.
What is the SIE pass rate?
74%
After enrolling, FINRA provides candidates with 120 days to schedule and take the exam. The SIE Exam’s current pass rate is 74% for first-timers and 82% overall. These numbers are largely unchanged from the pass rates that FINRA previously released in January 2019.
Does the SIE look good on a resume?
Individuals who are able to add the SIE to their resume and, more importantly, demonstrate general industry knowledge, will stand out to potential employers during job interviews and within post-hire training programs.
Can I use a calculator on the SIE?
The SIE Exam cost is $60 and is paid directly to the testing center. You cannot bring in anything with you—pen, pencil, calculator, cell phone, smart watch, paper—everything is prohibited.
Can I pass the SIE exam without studying?
The SIE is technically a co-requisite for other FINRA exams such as the series 6, series 7, etc. Most people view it as a prerequisite, though. It is a basic exam that should not be too difficult to pass but you still have to study.
Do you need both Series 6 and 7?
If I Have a Series 7 Exam, Do I Need a Series 6 Exam? If you already have a Series 7 license, you might not need a Series 6 license depending on the products you want to sell. You likely do not need a Series 6 license if you have a Series 7 license and do not plan on selling life insurance.
How many hours should you study for SIE?
20 to 50 hours
Studying for the SIE Exam Achievable Blog recommends studying for 20 to 50 hours and for approximately two months. However, if you have experience in the field, you can expect your study time to be less than that. Review the FINRA content outline to get a full understanding of the test’s structure and content.
How many people have Sie license?
As of August 31, 2019, there were 67,445 candidates who took the SIE exam and 58,264 of them were first-time candidates. The discrepancy between the total SIE enrollment (90,516) and number of test takers (67,445) reflects the fact some candidates have enrolled but have not yet taken the exam.
Will Sie help me get a job?
If you’re interested in a career on Wall Street, the Securities Industry Essentials (SIE) exam is a must-pass. This “big daddy” of securities exams is tough and not to be taken lightly. Passing the SIE will open up a host of opportunities for jobs in the industry.
Is getting Sie worth it?
The SIE will give you points for initiative and will prove to an employer that you’re serious about making a career change. It also shows your potential for success in passing exams, which is required for many financial careers.
Do you get Sie results immediately?
FINRA will post your official results with the Central Registration Depository (Web CRD) or report it to your regulator within three business days following your exam. Your exam results are final – no adjustments or special considerations will be made to your score.
What is the series 56 exam?
The Series 56 was first required in 2011, and was created by the self-regulating organizations mentioned above. The exam covers topics such as securities markets and how they operate, trading products, fraud prevention, investment strategies, and trading and reporting practices.
What is the difference between series 56 and Series 7?
A Series 7 license is considered to supersede the Series 56, and if a trader holds an active Series 7 a waiver may be granted by the CBOE and the trader will not have to pass the Series 56 exam.
How do I schedule an appointment at a test center?
An appointment can be scheduled at a test center either through Prometric’s scheduling page or by calling their Contact Center toll free at (800) 578-6273 during core hours including Monday through Friday 8 a.m. – 8 p.m. Eastern Time and Saturday through Sunday 10 a.m. – 4 p.m. Eastern Time, excluding federal holidays.