Applying to financial firms with your SIE credentials in hand is the best way to get a hand over the competition. It shows your potential employers that you already grasp the basics of the profession, and that you've taken the initiative to learn about and pass this required test. Not only that, but hiring a pre-qualified applicant also saves them the time and money of training someone without the credentials.
Which candidate do you think is stronger?
Knowledge of Capital Markets
12 questions, 16%
|The basics, laws, and regulations of the financial markets. You’ll need to know the primary and secondary markets, the regulators (SEC and FINRA), and their rules (Act of 1933, etc).|
Understanding Products and their Risks
33 questions, 44%
|The products of the financial markets, which include stocks, bonds, mutual funds, ETFs, and options. You’ll need to know what these products are, the risks of investing in them, and how they benefit investors.|
Understanding Trading, Customer Accounts and Prohibited Activities
23 questions, 31%
|How customers buy and sell securities in their accounts. You’ll need to know different types of orders and accounts, how those orders are entered into the market, and the regulations that govern these activities.|
Overview of Regulatory Framework
7 questions, 9%
|How financial professionals operate in their jobs and the rules that govern their activities. You’ll need to know FINRA and SEC rules, ethics of working with clients, and general procedures for financial professionals.|
Common top-offs include:
- Series 6: Investment Company Representative (IR)
- Series 7: General Securities Representative (GS)
- Series 22: DPP Representative (DR)
- Series 57: Securities Trader (TD)
- Series 79: Investment Banking Representative (IB)
- Series 82: Private Securities Offerings Representative (PR)
- Series 86 and 87: Research Analyst (RS)
- Series 99: Operations Professional (OS)
Anyone looking to improve their chances of getting a job on Wall Street should take the SIE. It demonstrates that you know the material and can successfully execute against it, AND that you took the initiative to research the industry and go the extra mile for your application. What recruiter doesn’t want that?
Another important trend is that the hiring profile for major financial institutions is changing. Employers are no longer just interested in finance students and spreadsheet jockeys – they know that their business is becoming people and service oriented, and are shifting their efforts towards hiring smart and driven people from those majors and industries. The clients we work with tell us that they are actively looking to hire qualified bartenders, baristas, liberal arts majors, drama majors – not only the traditional hiring profile you might have thought! Regardless of your background, passing the SIE will give you a BIG advantage by showing mastery of the subject matter versus other applicants.
Practically every role in finance requires passing the SIE.
- Research Analyst
- Wealth Management Adviser
- Investment Banker
- Investment Adviser
- Equity Trader
- Bond Trader
- Insurance Sales
- Mutual Fund Sales
- Compliance Officers
- Operations Analyst
- Financial Consultant
... just to name a few.
Achievable has adaptive, memory-tracked flashcards built into our course to ensure you'll remember all the material you've learned on test day.
We can't study for you, but the learning science behind Achievable is tremendously efficient. We track your progress through the content and schedule reviews at the optimal time to improve you retention - getting you the most out of every minute you spend studying.