About the HBCU Scholarship
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
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Scholarship Eligibility Requirements
In order to apply for the FARE HBCU Scholarship, students must meet the following requirements:
- Current HBCU student with a 3.2+ GPA in good academic standing.
- Possess an unofficial transcript and active in campus/community.
- Interested in financial services and at least 18 years old.
- U.S. Permanent resident, Citizen, or active student visa with a demonstrated professional image in an application essay.
Scholarship Award
The HBCU scholarship will be awarded in 2-3 installments:
Frequently Asked Questions
What is the Securities Industry Essentials (SIE) exam?
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.
Can I take the SIE exam while I am still in college?
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.
How can I use the SIE to my advantage in my career?
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.
What topics are covered on the SIE exam?
The range of topics covered on the SIE exam include:
- Knowledge of Capital Markets
- Understanding Products and their Risks
- Understanding Trading, Customer Accounts, and Prohibited Activities
- Overview of the Regulatory Framework.
What happens after I pass the SIE exam?
FARE HBCU Scholarship Application
Please use the form below to apply for the 2023 Scholarship.
Application Guidelines:
- Essay: Create and upload an essay stating why the SIE designation is critical to your professional development and career aspirations and why this scholarship would assist you financially (maximum 500 words)
- Video: Create and upload a video URL explaining why the SIE destination would benefit your professional development and career aspirations. (maximum two minutes. Please use a platform such as YouTube, Vimeo or Dropbox to upload your video and generate a URL)
- References: Please submit two professional references with your application.
Essay
Video (Optional)
References
Subscribe for Updates on 2024 scholarships
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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