SIE EXAM
Looking for opinions on taking the SIE exam before my sophomore year starts. Finance student with some general knowledge but still a long way to go before I truly understand all concepts inside of the M&I etc…
Was thinking about taking the SIE and utilizing a class to study for it, thought it would be a good way to get a baseline finance understanding as well as gain the certification. Thought this would be good structure before digging further into more banking concepts. Thoughts ?
I did the exact same thing as a 2nd year in college. If you have the time (~2 weeks) and someone else is paying for it (parents), then I would say go for it. I think it’s a good start, but there are some caveats to it.
Truth is, no one really cares; at least when recruiting for an SA role. I found it didn’t give the impression I thought it would. The SIE is the most basic finance exam, so while receiving the certification earlier can be beneficial, it isn’t the Series 7. Taking the SIE pre-emptily definitely shows you’re serious about getting into the industry, but it’s not necessarily an indication of strong financial literacy/skill.
Another consideration: if you don’t become registered by taking the series 7 within 2 years of passing the SIE, you have to retake the SIE. Had a friend who took SIE beginning of sophomore year, and had to take another licensing exam for no reason other than to not lose his SIE
Ah, totally forgot about this. Great point.
Not worth it. It doesn’t actually teach you anything
Better off networking and learning finance another way. Read financial news, practice modeling etc
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