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It seemed an overkill for an exam that’s named “Essentials”. For example, they make you answer a single concept around debt yields slicing and dicing it in 20 different ways in a single practice exam. I also started experiencing fatigue with Pass Perfect’s very vast course coverage coupled with their countless questions in practice exams and quizzes.
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I probably spent 4–5 hours a day for about 3–4 days going through the training and covered just Equities and Debt topics. Each practice question has an explanation of the answer and some also have voice over elaborations which was pretty cool.
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I first started with reading each chapter followed by the lecture video and finished with practice exams. I liked how Pass Perfect starts with Equities as compared to Regulatory Agencies by Pass the SIE because Equities topic is less dry and more familiar so it helped me in getting used to the overall course content. In addition, just so I don’t get blindsided just by one vendor content, I also bought kindle version of Pass the SIE from Exam Zone. I also found a 20% coupon on their twitter feed, so that was sweet. Pass Perfect has what they call SMART Interactive Web Training which along with their On-Demand lecture videos fit the bill for me. I was also looking for On-Demand lectures to help with difficult topics with YouTube as backup. I was primarily looking for self-study training material, not necessarily in an e-book format as I felt that mode of content consumption would be too static for SIE. So at best, any material at this point in time would probably be an amalgamation of various legacy course materials to cover as much as of the broad FINRA’s content outline for SIE. From whatever tidbits I could gather online, it appeared that no vendor yet developed an optimal training program/content for SIE. Given the short history of SIE, there aren’t many experiences shared online but I quickly found out Pass Perfect, STC, ExamZone, Kaplan, Knopman are a few vendors in the Securities Exams space.
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My background is in Software Industry but looking to get into professional trading. As one would expect from a strategy based on “hope”, unluckily there weren’t any windfalls but also luckily not many scars as I have had a low risk appetite. I had been a passive investor in stocks with no particular strategy besides buy and hold reputable stocks and hope that they grow. In preparing to take the actual SIE exam, you should anticipate having to answer questions covering any of the content included in the SIE content outline.I passed the SIE exam a couple of days ago and wanted to capture some thoughts while it is still fresh in my mind. Overall, each SIE exam will include some, but not all, of the content covered on the SIE exam content outline. When you take the actual SIE exam, the questions you see will cover some of the same content included in the practice exam, as well as some content not tested on the practice exam. Instead, you should use this experience of taking the practice exam as an opportunity to measure your preparation level in advance of taking the actual SIE exam. Your performance on these sample questions should not be taken as an absolute prediction of your performance on the actual SIE exam. Please note that this practice test is designed to give you examples of the types of questions that will appear on the actual exam. Get feedback at the end to see what you know and what you need to review.(The practice test is not timed, but you will have 1 hour and 45 minutes to take the SIE exam.) Answer 75 multiple-choice questions that are similar to those you might find on the SIE exam.
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Get firsthand experience with a free practice test for the Security Industry Essentials ® (SIE ®) Exam.