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Quick Answer: How much does it cost to take Sie?

SIE Exam at a Glance

Duration 105 Minutes
Number of questions 75 (+ an additional 10 unscored but randomly mixed in)
Question Format Multiple choice
Exam Location Prometric Testing Centers; Exam Administered on Computer
Cost $60

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How much does the SIE test cost?

8. What is the cost of the SIE exam? The cost of the SIE exam is $60.

Is the SIE exam worth taking?

The SIE is a great investment for professional and personal reasons if you have the time. You’ll never regret what you learn in the process and the credential that goes with it.

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.

How long should you study for the Sie?

As the springboard to your financial industry career, it’s very important to study efficiently 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.

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Is Sie harder than Series 7?

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.

How hard is it to pass the SIE exam?

The passing SIE exam score is 70, and the results are valid for four years. 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 you cheat on the SIE exam?

The SIE Exam is taken on a computer at the testing center. You must take the SIE Exam at a FINRA-approved testing center. FINRA takes cheating seriously (and rightfully so), so DO NOT CHEAT. You could be permanently barred from the securities industry if you are caught cheating.

Can you get a job with an Sie?

Remember, the SIE Exam can be taken without any affiliation with a brokerage firm, but passing the exam doesn’t qualify you for a particular job. On the other hand, the qualification exams require member firm sponsorship, are specialized, and are more demanding.

Can you take 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.

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Do I need to be sponsored to take Sie?

The SIE exam requirements are simple and straightforward: anyone 18 years of age or older can sit for the exam. You do not need to be sponsored by a member firm to take the SIE. However, to take representative level qualification exams you must be sponsored by a member firm.

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 the SIE considered a FINRA license?

The Securities Industry Essentials® (SIE®) Exam is a FINRA exam for prospective securities industry professionals.

What if I fail the 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.

What is the most difficult FINRA exam?

The Series 7 exam is by far the longest and most difficult of all the securities exams. It lasts for 225 minutes and covers all aspects of stock and bond quotes and trading; put and call options; spreads and straddles; ethics; margin, and other account holder requirements; and other pertinent regulations.

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