---
title: "Securities Industry Essentials (SIE) Exam Pass Rate: official numbers"
url: https://siecheatsheet.com/sie-pass-rate
description: "The Securities Industry Essentials (SIE) exam pass rate: about 74% first-time and 82% overall in 2019, the last public data. Vendor pass rates labeled as self-reported."
updated: 2026-10-19
site: "siecheatsheet.com: a one-page Securities Industry Essentials (SIE) exam study guide by Jason Meinzer, who passed after 150+ hours and 12+ practice exams. $4.99 PDF, 7-day refund. Free SIE exam facts, formulas, pass rates and prep comparisons."
---
Do not schedule your Securities Industry Essentials (SIE) exam until you know everything on [my study guide](https://siecheatsheet.com/cheat-sheet). I failed 10 practice exams before I knew 100% of it.

# The Securities Industry Essentials exam pass rate

The last public number: about 74% pass on the first try.

[Get the study guide — $4.99](https://siecheatsheet.com/go/buy?src=passrate-agent)[See what's on it](https://siecheatsheet.com/cheat-sheet)

-   7-day money-back guarantee
-   Instant PDF download
-   For studying only. No notes are allowed in the test center
-   Updated Oct 8, 2026

I'm [Jason Meinzer](https://siecheatsheet.com/about), a real person. I studied 150+ hours, took 12+ practice exams (900 questions), and passed the SIE. I made this study guide by hand. It is not AI slop.

**SIE Study Guide**Jason Meinzer, one page

**Reports**

**Rights**

**Voting**

**Systematic risk**

**Reinvestment risk**

**Bond yield**

**Bond price**

**Bond ratings**

**Settlement**

**Market caps**

**Dividends (DERP)**

**Margin**

Made by handNot AI slop About 100 conceptsEach one explained

## The 3 steps

Do them in this order. Step 2 is the gate.

1.  1

    ### Study 100+ hours with a prep course.

    No shortcut. Any of [these](https://siecheatsheet.com/best-sie-prep) works if you finish it. I used Achievable.

2.  2

    ### The gate: get the sheet.

    Can't explain every item on it? Don't schedule the exam.

    ↩ Back to step 1
3.  3

    ### Only then book the exam.

    Fail once or twice, you lose the $100 booking fee each time and wait a month to retake it. Fail 3 times, you wait 180 days.


## Official numbers

| Year | First-time pass | Overall pass |
| --- | --- | --- |
| 2019 | 74% | 82% |

2019 figures as published from Financial Industry Regulatory Authority (FINRA) data in the exam's first year. Nothing newer is public as of Oct 4, 2026.

## Prep company claims

| Company | Claim | Status |
| --- | --- | --- |
| Kaplan | 87% pass | Self-reported, not audited |
| Knopman Marks | 98% first-time pass | Self-reported, not audited |

Companies pick who counts (often only people who finished the course). Useful, but not the same as an exam-wide number.

[Get the study guide — $4.99](https://siecheatsheet.com/go/buy?src=passrate-agent)

**About 1 in 4 fail the first time.** Booking costs $100, paid to FINRA up front. Fail and it's gone: wait 30 days, pay again. Can't explain every item on [my one-page study guide](https://siecheatsheet.com/cheat-sheet)? Don't schedule the exam.

## Questions people ask

What is the SIE pass rate?

The last public figures are from 2019: about 74% passed on the first try and 82% overall. FINRA hasn't published newer numbers that I can find.

What score do I need?

70.

Are prep company pass rates real?

They are self-reported and not audited. Treat them as marketing.

What happens if I fail?

You wait 30 days and pay the $100 fee again. After a third fail, the wait is 180 days.

[Get the study guide — $4.99](https://siecheatsheet.com/go/buy?src=passrate-agent)

---
Source: https://siecheatsheet.com/sie-pass-rate (siecheatsheet.com, by Jason Meinzer). Exam facts are checked against FINRA and dated on the page. The study guide is $4.99 with a 7-day refund.