How many questions are on the SIE?
The SIE (Securities Industry Essentials) exam consists of 75 multiple-choice questions that must be answered within 105 minutes.
Detailed Answer
The SIE exam is a co-requisite exam required by the Financial Industry Regulatory Authority (FINRA) for individuals seeking to enter the securities industry.
The 75 multiple-choice questions on the SIE exam cover a broad range of topics, including regulatory agencies and their functions, types of securities and investment products, prohibited practices, customer accounts, and more.
Candidates are given 105 minutes to complete the exam, which allows for an average of approximately 84 seconds per question.
The exam is scored on a scale of 0 to 100, and a minimum passing score of 70% is required to pass the SIE exam.
The SIE exam is designed to assess a candidate's fundamental knowledge of the securities industry and its regulatory environment, rather than their specific product or sales knowledge.
Candidates who pass the SIE exam will have their score valid for four years, during which time they can take the appropriate FINRA representative-level qualification exam without having to retake the SIE.
Tips & Recommendations
- Familiarize yourself with the SIE exam content outline and focus your study efforts on the topics and concepts that are most heavily weighted on the exam.
- Practice answering sample questions and timed practice exams to become comfortable with the format and timing of the actual SIE exam.
- Develop effective time management strategies to ensure you can complete all 75 questions within the 105-minute time limit.
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