Can I take the SIE exam whenever I want?

SIE Exam dates for 2022 use open enrollment windows – essentially, that means you can take the test any time you want. FINRA exam windows refer to the 120 days you have to schedule and take your exam after you enroll. Within those 120 days, you can schedule an upcoming SIE Exam date at your convenience.

When can you take the SIE?

age 18 or older
The SIE exam tests your basic knowledge of the securities industry and is open to anyone age 18 or older. Association with a securities firm is not required — individuals may take the SIE exam prior to or after being hired by a firm.

Can I take the SIE exam online?

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. For the best experience, please use a Windows laptop or desktop.

How often can you take 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.

How long should I study for SIE?

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.

Is the SIE exam hard?

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.

Can I take the SIE without a sponsor?

No. FINRA does not require sponsorship with a firm to sit for the SIE exam. However, to become registered with FINRA and seek a representative level role with an employer, candidates must also pass a revised, specialized knowledge qualification exam (or “top-off”), applicable to their job function with the firm.

How long is sie valid 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.

Does the SIE look good on a resume?

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. They also view it as a significant benefit because they don’t need to spend the time and money to train you for the exam.

How much does the SIE cost?

SIE Exam at a Glance
Duration105 Minutes
Number of questions75 (+ an additional 10 unscored but randomly mixed in)
Question FormatMultiple choice
Exam LocationPrometric Testing Centers; Exam Administered on Computer

Do I have to take the SIE before the Series 7?

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 much does it cost to take Sie exam?

Securities Industry Essentials Exam (SIE)
Securities Industry Essentials (SIE)1 hour and 45 minutes$80

Can you cheat on SIE exam?

The concept of remote examinations may lead some to wonder, “What happens if a person is caught cheating on a FINRA-administered exam?” The answer: Regardless of the testing environment, Enforcement will pursue disciplinary action against the individual and, in most instances, seek to bar them from the broker-dealer

How do I study for SIE?

5 Ways to Prepare for the SIE Exam
  1. Online SIE Course. …
  2. Create a strict study schedule – and stick to it. …
  3. Learn the language of finance. …
  4. Understand how financial concepts apply in the real world. …
  5. Test your knowledge with practice exams.

Is the SIE a certification?

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.

Is there math on the SIE?

The SIE exam is, above all else, a reading comprehension exercise. There are very few math computations on the test. Exam writers expect students to be comfortable with the specialized language of finance, as well as common acronyms.

How long is the SIE test?

an hour and 45 minutes
The SIE exam consists of 75 multiple-choice questions plus 10 unscored questions, and you have an hour and 45 minutes to complete it. The topics and the number of questions assigned each are: Knowledge of Capital Markets: 12 (16% of the exam)

How many questions do you have to get correct to pass the SIE?

With 75 questions and a required score of 70%, the test doesn’t offer a large margin for error (in order to pass you must correctly answer at least 53 out of the 75 questions). If you have prior education or experience in the financial sector, you may already be familiar with some of these key concepts.

How long does it take to get Sie exam results?

Within three business days
Within three business days, your test results will be validated, emailed to the address provided at the time of scheduling and posted to FINRA’s systems.

Is STC good for the Sie?

If being able to talk to instructors or choose in-classroom learning is most important, STC is the best choice. Ideally, you’ll want to choose a company with a great SIE exam pass rate, a money-back guarantee, and the types of materials and course structure that resonate with you most.

What is the hardest part of the SIE exam?

SIE Exam’s Hardest Sections: Options is Front and Center

Unsurprisingly, it is my number one most requested topic to tutor for the SIE exam by far. Although few financial services professionals end up using the knowledge gained from this section, it remains a significant portion of the SIE exam.

Is Sie harder than series 6?

Overall, the Series 6 difficulty level is somewhat comparable to the SIE exam difficulty. Both tests are certainly digestible, but require enough memory work to weed out anyone not willing to put in sufficient effort. It takes most of our students about 1 to 1.5 months to study for the exam.