What is the difference between the SIE and Series 6?

With the SIE exam being structured to assess general securities industry knowledge, the restructured Series 6 representative-level exam will have fewer questions and a more in-depth focus on the four main job functions as an investment company and variable contract products representative.

What is the Series 6 pass rate?

The pass rates for the most common Top-Off Exams are: Series 6 Top-Off Pass Rate: 59% Series 7 Top-Off Pass Rate: 71% Series 79 Top-Off Pass Rate: 87%

Can I take Sie before Series 6?

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.

Is the Series 7 harder than the SIE?

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 SIE exam difficult?

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.

What is the passing rate for the Sie?

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.

How do you pass Sie?

5 Steps to Pass the SIE Exam
  1. Find an SIE class and/or tutor. …
  2. Devote consistent time to study. …
  3. Watch SIE prep videos. …
  4. Understand how financial concepts apply in the real world.

What is the hardest series 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.

How long should I study for SIE?

20 to 50 hours
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.

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 long does it take to pass Sie?

Others say 100-150 hours. Kaplan advises no less than 50 hours, and you should add more hours if you don’t have a financial background.

Why do people fail the SIE?

Unfortunately, many people do fail the SIE Exam and listed below are some of the typical reasons: Not studying. Not studying the right material. Not completing practice tests.