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.
What percentage of people pass the SIE exam the first time?
74%
What is the SIE exam pass rate? The Financial Industry Regulatory Authority (FINRA) reports a 74% pass rate among 58,264 first-time test takers (as of January 2019).
Is Kaplan good for the Sie?
Kaplan is a solid, dependable company that would do a great job of helping any student prepare for their SIE exam. That being said, the values of their offerings just don’t compare with the top SIE exam prep materials currently available.
How many times can you take the SIE practice exam?
You can take the SIE Exam two times back to back. If you want to take the exam for the third time, you must wait 30 days before reapplying for another session. Taking the test for the fourth time necessitates a 180-day waiting period. This waiting period is repeated for every subsequent test attempt.
Is Series 63 harder than Sie?
Overall, this exam should not be as challenging as the SIE Exam, but don’t take it lightly. Ultimately, aim for the mid 80% range in your scores like the other FINRA exams and you should be ok! With that said, next we take a look at the components of the Series 63.
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.
Is the series 6 harder than the SIE?
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.
What is the hardest part of the SIE exam?
Another of the SIE Exam hardest sections is that of Annuities. This might also come as an unsurprising revelation. Annuities are a potential supplement to other types of retirement accounts such as IRAs, 401-Ks, etc. Annuities tend to confuse SIE test takers on a few fronts.
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.
Which is the best study material for the SIE exam?
This was also true for the Series 7 study material. The language that they use is straight forward, and easy to understand. Another nice component of Kaplan’s SIE exam study material is the company’s QBank. Kaplan provides a large supply of practice questions in this QBank.
How can I lessen the difficulty of the SIE exam?
In fact, I know some students that have walked into the exam without studying at all and passed (Note: This is a rare exception!). One way to lessen the SIE exam difficulty, is to buy the right study books. Your SIE Exam study material (see below) can be a major factor in how well you do, and how long it takes you to study.
How many hours do you need to study for 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.
What should my score be on the SIE exam?
You need to get a score of 70%, or higher, to pass. During your SIE exam prep, be honest with yourself about how much knowledge you have going in. If you have a hard time defining a “stock” or “bond” for example, then you should expect to take about two months to study on average. Very few people can pass with only a week or two of studying.
