What is the SIE Exam?

The SIE Exam is a required qualification exam administered by FINRA. Covered content includes: products, risks, the structure and function of the securities industry and its regulatory agencies, and knowledge of regulated and prohibited practices.

Because the exam is more introductory than series-specific exams, and because it may be taken without sponsorship from a brokerage, the SIE exam is often a crucial first step for university students or career changers.

Who should pursue the SIE Exam?

While the SIE is a critical stepping-stone to a lucrative career, passing the first exam alone does not qualify you for employment. Passing the SIE Exam is the first of two exams that must be passed in order to obtain a license to sell securities.

However, passing the exam before applying to firms shows your passion to pursue your career and demonstrates your dedication. This can often persuade firms to sponsor you for the additional FINRA exams.

Common SIE job titles and average salary ranges

Note: The positions listed below may require both passing the SIE Exam as well as additional FINRA exams


Also known as share brokers, registered representatives, investment brokers or trading representatives, stockbrokers buy and sell shares and securities on behalf of clients. They also analyze the performance of shares and securities on the stock market and provide recommendations to clients.

Financial Advisor

Financial advisors evaluate the financial needs of individuals and help them with decisions on investments (such as stocks and bonds), taxes and insurance. Advisors help clients plan for short- and long-term goals, including education expenses and saving for retirement through investments.

Investment Analyst

Investment analysts collect and compile information, conduct research and analyze assets, including bonds, currencies and commodities. In addition, investment analysts supply stockbrokers, fund managers and stock market traders with financial information, advice and recommendations.

Mutual Fund Manager

Mutual fund managers implement a fund’s investment strategy and manage its trading activities. They oversee mutual funds or pensions, manage analysts, conduct research and make important investment decisions that align with the fund’s mission.

Investment Banker

Investment bankers help clients raise money in capital markets by issuing debt or selling equity in the companies. They also assist clients with mergers and acquisitions (M&As) and advise them on unique investment opportunities such as derivatives.

PositionLow-end salaryAverage salaryHigh-end salary
Financial Advisor$39,000$67,192$114,000
Investment Analyst$56,000$86,375$131,000
Mutual Fund Manager$46,000$86,840$161,000
Investment Banker$102,000$157,830$244,000

Salary information provided by zippia.com

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