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Use our free SIE study guide to prepare for your Securities Industry Essentials Exam. This online study guide is divided into four sections based on FINRA’s SIE Content Outline . There is also a review quiz for each section.
- Packaged Products
Packaged Products Terminology. Investment Objective: Every...
- Debt Instruments
This page of our free SIE Study Guide covers debt...
- Investment Risk
This page of our SIE Study Guide focuses on the various...
- Offerings
This page of our SIE Study Guide covers the various types of...
- Equity Securities
Risks of Equity Securities. The risks of investing in equity...
- Market Participants
Broker-Dealers. While broker and dealer are often written...
- Options
Options Knowledge. Options Clearing Corporation (OCC):...
- Packaged Products
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How do I take the SIE exam?
Are You Ready to take the SIE exam?
Should I take the SIE practice exam?
Test Your SIE Knowledge. Get firsthand experience with a free practice test for the Security Industry Essentials ® (SIE ®) Exam. Answer 75 multiple-choice questions that are similar to those you might find on the SIE exam. Proceed at your own pace.
Enroll for the SIE, paying with credit card or ACH, or by redeeming a voucher. Schedule your exam. You have the option to test either at a Prometric test center or online. For more information, review the self-enrollment FAQ.
- Tip #1: Read The Full Question
- Tip #2: Watch For Hedge Clauses
- Tip #3: Look For Keywords and Phrases
- Tip #4: Interpret The Unfamiliar Questions
- Tip #5: Use Information from Prior Questions
- Tip #6: Define What Is Being Asked
- Tip #7: Use A Calculator
- Tip #8: Beware of Changing Answers
- Tip #9: Pace Yourself
Confidence is an important tool in your test-taking arsenal. But misplaced confidence can also cause problems when you’re sitting for the SIE exam if you’re not careful. Questions are often written to trap people who assume too much. The question may not be asking what you think it is if you don’t read it in its entirety. Read each question complet...
A hedge clause is a term like if, not, all, none, or except. In the case of if statements, the question can be answered correctly only by taking the qualifier into account. Be on the lookout for these words, and make sure you fully consider how they affect what’s actually being asked.
Certain words provide clues to the situation being presented. For example, the word prospectus gives you a clue that the question is about a new issue.
It’s likely that you will come across some questions on the SIE exam that seem unfamiliar at first glance. Don’t let it throw you off. Sometimes questions present information indirectly, making something you’re quite familiar with seem unfamiliar. It can be helpful to interpret the meaning of certain elements before you can answer the question. To ...
This is something test takers don’t always think about in the moment. But be attentive to it. Some questions need to provide you with information to set a scene and give you what you need to answer the question being asked. That information may prove valuable, providing clues to an answer on another question later in the exam.
Questions sometimes provide too much information, and not all of it is relevant. Learn to separate the story from the question to get to the heart of what’s really being asked. This is something you can practice before the exam so you’re prepared for it when you face it.
Most of the questions that require calculations on the SIE exam are written so the math involved is simple in nature and function. But in a potentially high-stress situation, you are more prone to making mistakes. Use a calculator to ensure that common math errors don’t lead to incorrect answers.
If you are not completely sure of an answer, you should trust your first hunch. Only change answers when you discover you didn’t read the question correctly, or you find additional helpful information in another question.
Keep an eye on the time remaining, which will be displayed on your computer screen. Be aware of the time you have left to complete the exam and the number of questions you have remaining. Don’t panic, but pace yourself appropriately to ensure you’re not scrambling in the end. A common way test takers maintain a pace is answering the questions they ...
This introductory-level exam assesses knowledge of basic industry information, including fundamental concepts such as types of products and their risks; the structure of the markets, regulatory agencies and their functions; and prohibited practices. The SIE is open to individuals aged 18 or older.
Jun 4, 2023 · Learn about the Securities Industry Essentials Exam (SIE), the streamlined qualification test from FINRA for people looking to get a job in the securities industry.
Jan 18, 2024 · Formerly known as the Series exams, the SIE exam has streamlined qualification tests for financial services jobs into one single test. We’re going to teach you more about this exam and outline the best prep courses available so you can be prepared come test day.
