How many hours did you spend studying for the SIE and what is the best study guide? WSO has an SIE that looks great but I was interested in hearing more about the exam as well. Is it hard for someone who graduated with a finance degree? Is it just a lot of terms/vocabulary to memorize? The pass rate seems to be 80% or so but I was curious about what anyone else thought as well.
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I used the securities training corporation SIE study package. It came with a booklet, 20 online lecture videos, and unlimited practice exams. Highly recommend using it. In terms of difficulty, it’s not that bad. The practice exams from STC package are very similar to questions on the exam. The exam is laid out in three main sections that all have different number of questions. I believe it says what they are on the SIE website. I probably spent 45 hours total studying - 25 hours on lecture videos and 20 hours doing practice exams. I am still in undergrad and had no issue with it last summer, so you should be good. Good luck
I actually have an unopened Knopman Marks SIE book. I’ll mail it to you for $10 + shipping if you want it. It’s the newest version. My new firm’s compliance department accidentally ordered me books for the SIE, 63, 79, and 7 but I already passed all of those years ago.
What the chance, my firm did the same to me except all materials are with Kaplan. I am selling them now too, $10 as well.
Can you PM me? I’ll buy them.
Hey I'm interested in your Knopman books if you still have them. For some reason I can't PM you.
I’ll PM you
Finance majors shouldn’t need more than a week of FT studying. SIE is just basic knowledge about finance with some nuanced memorization about regulation. If you’re a finance major you just need to review the basics (securities, debt, equity , options, rights , warrants , munis, mutual funds, intermediaries, IPOs, private placements, econ, biz cycle,fed etc.) and learn about some laws(rule 144, Securities acts 1933, 1934) regulators( Finra, SEC, Congress) and topics you may not have encountered in school( laundering, IRA, pension plans, 529, trusts , accounts, record keeping, suitability).
I read through Kaplan for a few days and did the practice questions and online practice test. Kept scoring 80s and passed when I took it last week online.
Agreed; just hoping to get a jump on all series exams before FT and the timer starts. I'm more worried about the Series 79 and 63. Did you feel you were given adequate time by your firm to study and pass once you started FT or do you recommend getting a jump on these beforehand?
Probably better to get the SIE out of the way bc you don’t need to be sponsored and it’s one less thing on your plate. Just make sure to review that material periodically bc it does come up on the 7. Firms differ in how much time they give. My firm gives time during onboarding and training before real work kicks in.
For the other exams - I would recommend to start studying closer (within a month) of start date so that you’re ready to take one of the exams within a week of FT start. That said every person is different in how they prepare.
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