Question - What does the SIE allow you to do?

Answered by: Anne Henderson  |  Category: General  |  Last Updated: 16-06-2022  |  Views: 698  |  Total Questions: 14

The Securities Industry Essentials (SIE) Exam is a new, introductory-level FINRA exam for prospective industry professionals. Its purpose is to assess a candidate's basic knowledge of securities industry topics fundamental to working in the industry. As of October 1, 2018, if you're 18 or older you can boost your qualifications by passing the Securities Industry Essentials (SIE) Exam. College Students An undergrad exploring finance. A sophomore or junior seeking a financial internship. A business major without solid job plans. To take the SIE: Create an account. Enroll for the SIE, paying with credit card or ACH, or by redeeming a voucher. Schedule your exam at a Prometric test center. 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. SIE Exam Passing Rate. You need a score of 70% or better to pass the SIE. As of August 31, 2019, the overall passing rate of the SIE exam was 82% out of 67, 445 exams administered. Of the 58, 264 candidates who were taking it for the first time, the pass rate was 74%.

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https://news.efinancialcareers.com/uk-en/3000407/seven-things-you-need-to-know-about-the-new-series-

The new Series 7 is harder, kind of The exam no longer includes all the simpler questions that now make up the SIE, yet the passing score is still the same: 72%.

https://solomonexamprep.com/news/finra/faqs-for-the-securities-industry-essentials-exam-sie/

Yes, if you fail the SIE, you will be permitted to retake it, but you will have to wait 30 days. FINRA is maintaining its 30/30/180 day rule with respect to the SIE. This means that if you fail the SIE you must wait 30 days to retest.

https://www.abtrainingcenter.com/how-long-to-study-for-your-finra-securities-license.asp

For the SIE exam, you should plan to spend between 100-150 hours with the materials prior to attending the Live Classroom Review to maximize your learning. For the Series 6 Top-Off exam, candidates should plan to spend approximately 80 hours with their materials.

https://blog.achievable.me/what-is-the-sie-exam/

You can take the SIE as many times as you want, but there are restrictions on how long you must wait between failed attempts. The FINRA SIE follows the same waiting period requirements as all other FINRA exams: After the first failed attempt, you must wait 30 days before taking the SIE again.

https://www.investopedia.com/securities-industry-essentials-sie-exam-overview-4692828

The SIE dramatically altered the structure of the various existing qualification exams. You do not need to be affiliated with a FINRA member firm in order to take the SIE. If you already passed one of the FINRA exams and are registered as a representative you do not need to take the SIE.

https://www.stcusa.com/resource-center/sie-exam/tips-for-passing-the-sie-exam-on-the-first-attempt/

Before taking the SIE, you should carefully consider the following five tips for exam success. Know the Terminology. SIE Exam questions require an understanding of securities industry language. Know Which Terms Have Multiple Meanings. Know the Essential Formulas. Be Ready to Apply Key Concepts. Prepare, prepare, prepare.

https://www.kaplanfinancial.com/resources/industry-updates/securities-industry-essentials-exam-frequ

The SIE exam fee is $60, and the exam fee for the new Series 7 top-off exam will be the balance ($245) of the current fee.

https://knopman.com/blog/2019/06/12/how-to-pass-new-series-6-top-off-exam/

You will recognize many Series 6 subjects in your study of the SIE materials. While you'll be expected to master more detail for Series 6 questions, the concepts will be familiar. Some candidates think the SIE Exam is harder than the Series 6 because it covers such a broad range of topics.

https://www.finra.org/registration-exams-ce/qualification-exams/sie-and-exam-restructuring-faq

The passing score for the SIE will be 70 (on a scale of 0 to 100). This test score is placed on a common scale with all other candidate test scores for that exam and statistical adjustments are made to the score to account for slight variations in the difficulty that may exist among different sets of exam questions.

https://www.dummies.com/test-prep/securities-industry-essentials-exam-format-and-details/

The SIE exam is a computerized, closed book (in other words, no book), one-hour and 45-minute exam. The exam consists of 85 multiple-choice questions (although only 75 of them count toward your score — see the next section).

https://www.stcusa.com/resource-center/tools/what-is-the-securities-industry-essentials/

What Is the Securities Industry Essentials Exam (SIE)? The Securities Industry Essentials (SIE) Exam is a new, introductory-level FINRA exam for prospective industry professionals. Its purpose is to assess a candidate's basic knowledge of securities industry topics fundamental to working in the industry.

https://www.efficientlearning.com/securities/resources/how-to-register-for-sie-exam/

All you have to do is: Enroll on FINRA's website. Pay the $60 exam fee. Schedule your exam date at a Prometric test center near you.

https://www.efficientlearning.com/securities/resources/sie-exam-dates/

SIE Exam Dates Enroll/Register at finra. org/industry/enroll-for-sie. Pay the exam fee of $60. 00. Schedule an exam date in a location closest to you at prometric. com/finra. Exam scores are released 72 hours after the exam date.

https://www.kaplanfinancial.com/resources/getting-started/what-is-the-sie-exam

The Securities Industry Essentials (SIE) exam is a new qualifications exam administered by FINRA, and it has changed the way individuals earn many of the most popular securities licenses available.