Shocking! 90% Get HKSI, SFC Licenses Wrong? 🤯 Must-Read for HK Newbies! 💼📚

August 22, 2024

Hi everyone! I’m a student at 2CEXAM, and today I’m here to chat about some common misconceptions in Hong Kong’s financial industry. As a newbie, I was once confused about these concepts, but thanks to the professional instructors at 2CEXAM, I’ve finally got it all figured out! Let’s see how many of these you’ve fallen for~

1. SFC membership? Doesn’t exist! 🙅‍♀️

❌ Misconception: SFC has a membership system ✅ Fact: SFC doesn’t have members! They issue licenses, and license holders are called “licensed representatives” or “licensed corporations”

2. HKSI membership ≠ license 🤯

❌ Misconception: Becoming a Hong Kong Securities and Investment Institute (HKSI) member means you get a license ✅ Fact: HKSI membership is mainly for event discounts, it’s not related to licensing at all!

3. Exam results ≠ license 📝≠🎫

❌ Misconception: Passing the HKSI exam equals getting a license ✅ Fact: Passing the exam is just one of the conditions for applying for a license, other conditions are needed too

💡 Tip: 2CEXAM’s professional courses not only help you pass the exam but also explain the entire license application process in detail!

4. Is the certificate really just decoration? 😱

❌ Misconception: The certificate can be used to apply for a license ✅ Fact: The certificate is indeed just decoration! You need the exam pass results to apply for a license, not the certificate itself

5. Licenses aren’t permanent 🕰️

❌ Misconception: Once you get a license, it’s valid forever ✅ Fact: The validity of the license is related to your employment status; it becomes invalid when you leave your job

6. Exam results are only valid for 3 years! ⏳

❌ Misconception: Exam results are valid forever ✅ Fact: Exam pass results are only valid for 3 years as a condition for license application

🔥 Reminder: 2CEXAM’s courses are updated to follow market trends, ensuring you learn the most up-to-date and practical knowledge within the validity period!

7. Entering the industry ≠ must take the exam first 🤔

❌ Misconception: You must take the exam before entering the industry ✅ Fact: If you have resources or connections, you can enter the industry first and take the exam later

Tips 💡

  1. Consider carefully whether to enter the industry; competition is fierce, and the input-output ratio isn’t always high
  2. Resources and connections are sometimes more important than exam results
  3. 30 isn’t too late to switch careers; you can work in this industry until 70-90!
  4. Finding the right position for yourself is important, don’t blindly follow trends

Why Choose 2CEXAM? 🏆

  1. 10 years of professional experience, helping over 10,000 students successfully obtain various financial licenses
  2. Comprehensive course content, covering HKSI LE Papers 1-12 and IIQE Papers 1-5
  3. Flexible learning methods: one-on-one tutoring, small group classes, online and offline dual modes
  4. Professional instructor team from the frontline of the financial industry with rich experience
  5. Not just teaching for exams, but also imparting industry entry skills and workplace experience

I hope this article helps clear up some doubts! If you have any questions, feel free to leave a comment below~ For more information about financial exams and licenses, follow 2CEXAM now!

#HongKongFinance #CareerExperience #JobHunting #2CEXAM #FinancialExams

Please support us by leaving comments and likes if you think this article helps you!

You can scan or click on the QR codes to visit our social media.

Latest Article

Categories

過往文章

Contact US

Interesting Articles

10 Pros and Cons of Using the HKSI Official Study Notes

June 8, 2022

The HKSI LE study note has long been infamous amongst candidates. Its disadvantages include Too many words, too many typos, it takes a lot of time to read A lot of data will not actually appear in the exam The text is long, difficult to understand and dull The wording is vague and ambiguous. Some…

Numerous Celebrities, Including the Founder of KFC, Also Once Joined the Insurance Business Before Opening the Fried Chicken Shop!

June 1, 2022

Many well-known celebrities have worked in the insurance industry in their careers. Jack Ma, Asia’s richest man and chairman of the Alibaba Group, once said: “The mission of insurance is to give people a sense of security. Our lives are full of various risks and accidents, and insurance is to make people feel safe.” Let’s…

Why can’t you learn the practise questions by rote when studying for the IIQE Insurance Exam?

May 25, 2022

Students who have taken/ who are going to take the IIQE should know the study note is a several-hundred pages, paragraph form booklet illustrating the exam coverage. Not to mention the length of the text, the expression of concepts requires readers’ intense concentration. So some candidates think that doing only the practise questions should be…

Why can’t you learn the practise questions by rote when studying for the HKSI Licensing Examination (LE)?

May 18, 2022

Students who have taken/ who are going to take the HKSI LE should know the HKSI study note is a several-hundred pages, paragraph form booklet illustrating the exam coverage. Not to mention the length of the text, the expression of concepts requires readers’ intense concentration. So some candidates think that doing only the practise questions…

How to register for the IIQE Insurance Intermediary Qualifying Examination?

May 11, 2022

The IIQE exam should be registered at PEAK instead of the Insurance Regulatory Bureau. The IIQE exam places are quite sought-after. If students have an urgent need to take the exam, students should decide to register as soon as possible. The test period will be issued on a day between the 12th to 17th of…

How to register for the HKSI LE Securities and Futures Practitioner?

May 4, 2022

The HKSI LE exam must be registered at HKSI, but not the SFC. There are two methods for registration. The most popular one is online registration, followed by in-person registration. How to register for HKSI exam Register online: 1. To register for the exam, you must first register as a member of HKSI 2. Click…

Losing Friends and Family Is Inevitable Once Joined the Insurance Industry? 10 Benefits of Working in The Insurance Industry That Can Overturn Your Stereotypes

April 20, 2022

Must people in the insurance industry lose their friends and family? NO! It is not that you won’t have friends when you join the insurance industry. In fact, it depends on whether you use the correct method to sell. When you only care about commissions and don’t care about the needs of your customers, selling…

What kind of jobs can I get after I pass the IIQE Hong Kong Insurance Exam?

April 13, 2022

After passing the IIQE (Insurance Intermediary Qualifying Examination) in Hong Kong, students can start looking for jobs. What job options are there? Bank Relationship Manager (RM) / General Banking Officer (GBO) / Personal Banking Officer / Assistant Relationship Manager (ARM) Some sales positions in the bank, including Relationship Manager (RM) and their assistant – Assistant…

What job opportunities can I get in Hong Kong after passing the HKSI LE securities exam?

April 7, 2022

First, I would like to clarify that some people do not take the HKSI Licensing Examination (also known as LE exam) to find a job, but just to learn more about the financial/ securities market and equip themselves with the necessary knowledge in a compact and more organised way. This article will not cover information…

10 Benefits of Working in the Securities Industry Which Can Bring You a Whole New Perspective

March 30, 2022

Is there an insufficient supply of positions in the securities industry? There are contradictory opinions on the internet. Some say that the financial industry is in demand for talents; others say that the financial industry has burst, and there are too many monks with only a little porridge. From my experience in the recruitment industry…