The Securities Industry Essentials (SIE) exam is one of the first steps to take when starting a career in financial services. This scholarship will provide up to 15 HBCU students with $2,000 each to help prepare them to sit for and take the exam. If the recipient passes the SIE exam, an additional award of $1000 will be provided.
2023 Applications have closed but subscribe for updates on 2024 scholarships
The Financial Alliance for Racial Equity (FARE) HBCU Scholarship aims to provide current FARE HBCU students with the opportunity to receive their Securities Essential Exam (SIE) designation. This scholarship will provide 15 FARE HBCU students with $2,500.00 each to help prepare them to sit for and take the exam. If the recipient passes the SIE exam there is a bonus of $500 to $1,000. The Securities Industry Essentials (SIE) is one of the first steps to take when starting a career in financial services.
The HBCU scholarship will be awarded in 2-3 installments:
The SIE exam is FINRA’s general industry exam. It tests basic knowledge of products, risks, the structure and function of the securities industry and its regulatory agencies, and regulated and prohibited practices. Although ideal for university students and career changers, anyone can sit for the exam without prior association with a firm.
Yes! With a low exam fee ($60) and no firm sponsorship requirement, the SIE exam is ideal for university students who want to get a head start on a financial services career and, most importantly, stand out to potential employers by proving their mastery of basic industry knowledge and the ability to pass a high-stakes examination.
The SIE gives you a head start on a financial services career. Current or potential employers are more likely to notice you because you can prove you have a grasp of basic industry knowledge and the ability to pass a high-stakes examination.
The range of topics covered on the SIE exam include:
Please use the form below to apply for the 2023 Scholarship.
Use the form below to begin your application.
Full applications are due by Friday October 27, 2023 at 11:59pm ET
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