Taking the FINRA SIE as a Freshman?
Hey all lovely Apes and Monkeys,
I'm a prospective college freshman looking to get into financial services (end-goal isPEor VC) coming from a non-target school who unfortunately had their summer internship canceled :(. I was wondering if studying the base SIE test this summer would be a good way to leverage my time to show employers and recruiters I am very serious about pursuing this path and show I am and goal-driven while also learning some barebones fluency in the field. I noticed on the FINRA site I only need to be 18 and need no sponsorship, so I'm interested at the very least.
My main questions are:
1. Would it even be feasible for me to study for it from scratch (I would consider myself a bright student) with no related classes solely using resources like Kaplan?
2. Do you think it's a good way to leverage my time? Obviously, whenever a thread is made like this, people say have fun and join clubs, but I already have that covered, I'm enjoying myself in college :)
The end goal is to get an analyst internship position in my second year. Right now this summer it looks like I will have to go with my backup of handling finances for a school department. Thank you lovely peeps, and stay healthy out there!
Comments (18)
Horrible idea. Test only lasts for 4 years, so by the time you graduate you would need to take it again.
Freshman Summer
3 years???
Array
Waste of your time - most banks will pay for you to take it when you startFTand it isn't required at an intern level. You'd be better off learning python, networking, studying technicals, or studying for theCFA. The middle two would be the best use of your time.
Thanks for the advice. If it's not too much trouble, how should I get started learning technicals?
I would suggest theWSOinterview guides or something similar. I used breaking into Wall Street for my prep and it covered what I needed to know. Make sure to read the guides in depth and learn the stuff - don't just memorize the vault 50.
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I actually did do this and managed to pass my freshman year, so yes it is feasible. If you decide to go through feel free to DM.
Array
@quantgrunt, it is impressive you passed SIE freshman year. Can you share more details on how studying or passing the test helped you in interviews and landing internship offers?
My # of bananas and username is deceiving. There is a reason why I'm not certified lol (I'm a lot younger than most realize). In other words pretty much every temp role I've gotten so far was due to simply doing well in behavioral/fit questions. I think next year when I recruit for a criticalFO实习将发挥作用。我不ink anyone will be like "Oh wow this kid passed the SIE he's a finance genius !??!" because everyone knows that's not true lol. However I definitely can demonstrate work ethic, attention to detail (lot of grunt details on the exam), and interest in finance which is what I am going to use it for.
If you are interviewing for a specificFOrole it's better to get a specialized guide on that specific role. The SIE is an overview of a lot of different divisions and has oddly specific details that sometimes miss the relevant points about a topic.
Array
The information in that stuff is completely archaic and is for purpose of being able to legally do the job - it's mostly regulatory spiel and like others have mentioned lasts only 4 years if you don't land sponsorship- it's not like taking theCFAor GMAT. Learn a coding language - vba
Thirding that it's not worth it. Network
Array
I took it and passed over Winter Break Sophomore year, wasn't helpful at all for getting in the door anywhere.
SIE is the same difficulty as the final in my Intro to Finance course I took (4 semester-hours at my Non-Target) and I was finished with all the questions in about 25 mins. Not hard at all.
Used Knopman for training and start to finish took me two weeks, mainly studying after getting home from my 9-5 job.
Nobody will sponsor you at this stage for the 7/66 so I'd just wait a year. Spend this year networking HARD for a Sophomore internship, as that will help much more.
ObliqueI would saytaking the FINRA SIEas a freshman is too early (Anon mentioned the timing element and they're totally right). However, taking theFINRA SIEas an undergrad, either a junior or a senior, is a reasonable thing to do that will show you're serious about a finance career on your resume. I'd say it's worth it.
TheFINRA SIE alsoisn't too tough - most can pass it in 50 hours of studying, and I'd say 100 hours tops. Of course, your mileage may vary, especially if you study for it over a long period of time.
Good luck!
Nerd
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