SIE Exam Prep

by Jordan Fabel | Last Updated: October 16, 2021

If you’re trying to enter a career in the securities industry, you’ll need to pass the FINRA Securities Industry Essentials (SIE) Exam. This is the first step you will need to take. While you don’t need to work for a member firm to take the exam, you do need to be prepared. It won’t be easy, but the right SIE Exam prep course will help you get ready for this big exam.

It wasn’t long ago that you would have needed to be sponsored or have a contingent job offer to sit for the necessary financial exams. However, the SIE exam came along, and now, you can use this exam to make sure the securities industry is for you.

The right prep materials will go a long way in preparing you. When you’re searching for SIE Exam prep materials, you want to choose the right option for you. Let’s look at some of the top courses to help you choose.

SIE Exam Prep

Top 6 SIE Exam Prep Courses

1. Solomon Exam Prep

Offering many different options for all types of budgets and learning styles, Solomon Exam Prep is a top choice. You can get everything you need, including live classes. Whether you want to work at your own pace or follow a lesson plan, this is a great option for you.

Solomon Exam Prep offers all their materials separately or bundled into packages. Choose from four different packages including:

If you don’t want a package, you can buy any of the options individually. The pricing for individual options includes:

You can also add a live three-hour class to any package or buy one separately for $149.95.

Solomon Exam Prep gives you pass probability technology, too. This AI technology will measure how ready you are for the SIE Exam. After taking the five practice exams, you can see your probability in the Solomon Pass Probability tool.

2. Kaplan Test Prep

If you want to get fully prepared for the SIE exam, Kaplan test prep is a good choice. You can choose from two self-study options and one live or online option. The packages from Kaplan include:

Kaplan is a very well-known name in test prep. When it comes to SIE Exam prep, you can certainly get plenty of value with a package from Kaplan.

3. ExamFX

With three packages to choose from, you can decide which type of test prep you want. ExamFX offers SIE exam prep with the following options:

If you use ExamFX and you score at least an 80% on their guarantee exam, but fail the SIE exam within three days, you get a full refund.

4. Securities Training Corporation

Another top choice for your SIE Exam prep comes from Securities Training Corporation. You will get the STC Pass Guarantee with every package, along with everything you need to properly prepare for the SIE Exam. Choose from the following three options:

Securities Training Corporation also offers virtual classes for $199. You can purchase just the flashcards for $65, the supplemental exams for $49, or the on-demand lectures for $145, as well.

5. Knopman Marks

Offering a unique option, Knopman Marks has seen 99% of their students that pass their benchmark SIE exam will pass the actual exam, too. They offer a single package with 14+ hours of video lectures, a training center, digital flashcards, an online question bank, and much more.

The SIE Exam prep from Knopman Marks comes in at a cost of $250. You can add the SIE All Access Pass for an additional $225, as well. This will give you access to instructor-led live classes.

The All Access Pass gives you access to group onboarding calls, reviews sessions, and blended classes. If you prefer to learn with an instructor, this is a great option for you.

6. Securities Institute of America, Inc.

Offering a 90% pass rate, Securities Institute of America has been a trusted expert for more than 25 years. They give you a pass guarantee and plenty of features within each package they offer. Choose from three different packages including:

All three packages include phone, email, and chat support. You will also get the Greenlight pass your exam or get your money back guarantee with each package.

Frequently Asked Questions About SIE Exam Prep

How long will I need to study for the SIE Exam?

You will likely need many hours of study time to fully prepare for the exam. Most students will take several weeks or months to prepare. It’s recommended that you study for at least 50 hours before taking the exam. If you don’t have a strong financial background, you will likely need even more time.

What is the current pass rate for the SIE Exam?

The SIE exam pass rate was 82% as of August 31st, 2019. Those taking it the first time had a passing rate of 74%, according to

What is the cost to take the SIE Exam?

The cost to take the SIE Exam is $60.

How much will an SIE Exam Prep course cost me?

You can choose from a variety of options for your SIE Exam prep. They start at $50 for a very basic option. If you want a more complete package, expect to spend between $100 and $300. Many of the lower-cost options are self-guided prep courses.

How many questions are on the SIE Exam?

The exam will consist of 75 total questions. you will have one hour and 45 minutes to complete the exam. A passing grade of 70% is necessary or you will have to retake the exam.

What will the SIE Exam cover?

The SIE Exam is an introductory level exam. It will cover four sections with the following topics:

You can find out more about the topics and how they break down by visiting FINRA.

What happens if I fail the SIE Exam?

If you fail the SIE Exam, you will need to wait 30 days before you can take it again. After the third failed attempt you will have to wait 180-days. Any additional failures will also incur a 180-day waiting period before you can retake the exam.

When you want to go into a career in the securities industry, you will need to pass the SIE Exam. With the right preparation, you can pass it on the first attempt. Choosing one of the top six SIE Exam prep options above will help to ensure you’re better prepared for the exam.

Jordan Fabel

Jordan Fabel

Covering different 'paths' that people's lives can take. Creative, foster parent, ticket dismissal, you get the idea. Exploring the requirements, certifications, exams, and obviously, approved courses along each path. I, personally, am the high school dropout son of two teacher parents. So how did I get here? That story is coming soon!