The Securities Industry Essentials (SIE) Exam is a new introductory exam administered by the Financial Industry Regulatory Authority (FINRA) for anyone seeking to enter or re-enter the securities industry. Launched on Oct. 1, 2018 with FINRA’s restructuring of its representative-level exams, the SIE Exam covers the foundational concepts that lead into qualification, or “top-off,” exams such as the Series 6 or Series 7.
Who Should Take the SIE Exam?
Anyone looking to pursue a career in securities, including students, will now start with the SIE Exam as the first stepping stone. The purpose of the SIE Exam is to provide an entry point for the industry and minimize overlap in the qualification exams. While qualification exams require association with a FINRA member firm, the SIE Exam does not.
Keep in mind, however, that you will eventually need a sponsor in order to sit for one of the subsequent qualification exams. Passing the SIE Exam alone will not qualify you to join a firm and practice in the business.
If you are already a registered representative, you do not need to take the SIE Exam to maintain your current registration or to add a new registration.
SIE Exam Registration in Three Steps
Registering for the SIE Exam is fast and easy. All you have to do is:
- Enroll on FINRA’s website.
- Pay the $60 exam fee.
- Schedule your exam date at a Prometric test center near you.
Prepare to Pass
While registering for the SIE Exam is simple, studying, of course, takes a little more time and effort. Create an exam plan in seconds and cover every concept on the SIE Exam in bite-sized lessons with Wiley’s 2019 SIE Exam Review Course. Start your free trial today.