Anyone else in the same boat? Currently scoring in the low 60s on practice exams but it all feels like a time crunch now between finishing classes and tryna pass the exam before the end of this week :/
Would appreciate any advice that worked best for others
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I found that the book is most helpful and efficient tbh the video lectures take too long. Read a section take a quiz on it repeat until you finish the book then take some full length exams and look at the questions youre missing and study those sections
Was in your boat after around 500 Questions on Knopman marks. Keep at it and it’ll creep up. Ended up with an average of ~79% and passed.
Get Kaplan question bank. Study the sections you struggle with the most.
I was getting like 45s on my first few exams and wasted so much time watching the lectures and reading the textbook. The best thing for me was purely just doing the practice problems they provided
Anyone not started yet? Feel like 13 days should be good enough but idk.
I’ve only skimmed the book and done a few practice exams. Feel like the lectures have been way too slow so I’m just gonna go back to grinding practice problems on the tougher / more obscure chapters.
Watch the videos on 1.5 or even 2x speed. Book is also helpful if you prefer that. The question bank is where you should spend most of your time though
Also would wait until you finish classes and then spend a week grinding out SIE instead of trying to study for both finals and this.
Watch the lectures, rip 2000+ questions, pass
When it comes to SIE, 7, 63,66, and 65…my opinion is you’re better off just taking practice questions (Kaplan) then targeting what you don’t understand from the book or documents. Only do the full reading if you have absolutely 0 knowledge…otherwise you waste an hour reading about what an equity is or the difference between a put and a call. But this only applies to people with basic starting knowledge out of undergrad or previous work experience. I think this opinion is even more applicable to the SIE specially.
Read the book and do a lot of practice exams. If you really can’t get over the hump then hire a tutor. Analysts in my class hired one for exams they struggled on. Their justification was: a $2k tutor is worth the salary I’ll be paid
While that cost analysis is true, people seriously paid $2k for help with the SIE???
Finance isn't hard but god damn you'd think it was like rocket science after 20mins on this forum
Lol no. The SIE wasn't really a problem for anyone I knew. Series 63 really stumped some. Just really couldn't focus on it or care for the legal aspects, so they hired a tutor. An associate told me they used to provide free tutors in the pre-COVID, but that ended in 2020. One kid hired one for the 79TO, but he essentially HAD to pass it and didn’t get much of a break to study from his superiors.
Just to the Knopman's class summary (or whatever they call it now) and do practice questions. The trick is to do practice questions, class summary plus video lectures. Reading the textbook is a waste of time.
I think each exam has maybe 2-3 chapters in the textbook worth reading.
63 you may as well read chapters 2, 6, and 7 because they're short and make up most of the exam
Feel free to DM me for options questions. Or go to tastytrade online. Prob the best resource out there.
there is a content outline online and a mock exam put out by Finra. I found that using Finra tools always helped me feel much more prepared.
link: https://www.finra.org/registration-exams-ce/qualification-exams/securit…
Have you found the SIE to be easier than the KM training? Based on their advice and the relative ease of the FINRA-provided practice exam, I could see this being true.
I hope thats the case, usually the prep is harder than the real deal.
Only relying on questions is risky. The exams can test you on anything in that textbook. Lectures are great because they cover the main parts of the chapter, but there are lots of nuances that aren't covered.
SIE - Found the actual exam to be a little easier than knopman, just make sure you don't neglect any part of the textbook because you may get asked obscure questions.
S79 - I honestly felt like I failed this but passed. No one I know who passed felt confident about the exam
S7- Heard it's easier than s79 but it's long as fuck
S63 - Read the textbook, do 500 questions and you should be good
Do you think you could pass the SIE with ~3 days of studying?
Haha lol I am in the same boat lol. Have less than a week basically to study 13 chapters which I think should be doable?
Doable but you should study like 12+ hours a day. The SIE is not hard at all but the breadth of the material is very wide and some questions are obscure - you should at least watch all the videos.
Unless you absolutely have to do this I wouldn't recommend. Most people I know did a few hours/chapters a day, 1 practice test a day, for a week.
This also assumes high level of finance knowledge (finance major, IBD summer, some personal investing knowledge) which will allow you to skip the intro chapters. if you were an econ major or something like that don't even bother trying to do it in 3 days
Which bank is this? Which BB has a deadline of june 13th? Mine sent out an email that need to pass SIE before start date but no follow up with study material. Wondering if I missed it somehow
All my friends going to various BBs mentioned a recommended June 1st date to pass. Some BBs could be running the process differently and might distribute the training material once you begin training in July.
SIE has alot of content but is very general financial concepts. So if you studied finance in college, you should know alot of this stuff but just need to focus on details like dates, etc. 2 weeks should be more than enough. However, if you don’t have a finance background (like I did) it took about 3-4 works which is what Knopman recommended, and I didn’t feel rushed, took my time.
S79 is def the hardest exam because there is alot of minor details you gotta know like dates, numbers, percentages, etc. there were more tricky questions too. But after the SIE you have a good understanding overall so 2 weeks should be enough although my U4 took awhile so I actually had like 3 weeks study.
S63 is easy af, takes literally like 4-5 days. It’s only 5 chapters but like 80% of the test is mainly 3 chapters so no worries there.
Watch the practice videos, read the summary and memorize it, do 1-2k practice questions until you start passing. Read the book on stuff that doesn’t make sense cuz it does explain it well.
Good luck!
any idea on what the consequences are of not passing by June 1st?
Read your offer letter to confirm, but at a lot of places, the June 1st "deadline" is more of a recommendation. My OL specified I had to pass SIE, S63, S79 within 90 days of my start date.
I assume if you don't pass by then, you're at risk of getting let go
when u say start date do u think that means ur training date or ur official start date ?
Taking it after June 1st and passing is probably better than force taking it before June 1st and failing. It is a recommended deadline but some are taking it as a literal, hard deadline. As far as consequences go, I have no idea. If I had to guess, you might get an email asking how you're progressing or why you didn't take it by the recommended deadline / why you failed.
My assumption is the recommended 6/1 deadline is to get the majority of the incoming class done with the SIE, because once training begins it will be a lot to juggle IB Training, SIE, AND SERIES exams (on top of the networking and fun that comes with an in-person training program during a summer in NYC).
It's not a hard deadline at least for me (BB in NYC) they just recommend you to take it by then so that you have more time to retake in case you fail (can't retake until 30 days pass)
my june 1st isnt harsh dead line either. My offer letter just says all exams passed within 60 days of start date. do u think that means my training start date or once i hit the desk officially in august ?
Anyone with Knopman know the name of the iPhone app that has the flashcards?
Knopman Marks Mobile Training.
just took mine. wasnt too bad. most of the questions were covered in Knopman but a few seemed completely random
also used knopman and was told that a few questions would be "experimental" so they don't count. that's probably what you were stumped by if the rest were covered by knopman
I agree its possible but since we dont know which is which we have no idea. This is one of those things where you just gotta trust the process
not sure if it's really worth it for you to begin that early, the license expires after 4 years
Not worth it to do in college... the SIE is the only one you can do without a firm sponsor and it takes literally a week to get done. No benefit from having it on your resume.
If you're dying to take something in college, take the GMAT your senior year which actually takes a decent chunk of time/can help you in recruiting. the score only lasts 5 years though so don't bother until senior year as it will expire
Yall procrastinators jeez
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