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

Is the Securities, Insurance or Real Estate Industry Better? Comparing Incomes amongst Finance Industries

March 22, 2022

Securities and Banking  According to statistics on the Internet and our experience, in Hong Kong, even for some common junior or middle-level positions in the financial/ securities industry, such as risk analyst, research analyst, and compliance officer, the average base salary is between HK$20,000 and 30,000 per month. Many people who have sufficient work experience…

What is updated in 2022 in IIQE Paper 1 Insurance Exam Study Manual? Is the 2017 or older version sufficient for the upcoming exams?

March 18, 2022

The 2021 version of IIQE Paper 1 was officially applicable to exams in 2022 Insurance Authority has taken over the supervision of the insurance industry for more than two years. The IIQE Paper 1 (Insurance Intermediary Qualification Examination) finally put the new regulatory structure in the study manual, and the new study manual can be…

5 Reasons You Should Not Study Only the IIQE note

March 7, 2022

Students who are taking the IIQE or took it before would know that the study note is a several-hundred pages exam coverage full of long paragraphs. Not to mention the length of the texts, the expression of ideas requires the readers a lot of concentration to understand. Thus, some candidates think only studying the mock…

Can’t Earn a Lot with Low Educational Background? 3 Major Industries You Can Make a Fortune in

February 28, 2022

In today’s society, because of education inflation, having only a college degree may not help you get a job with a high salary. While there are many people who don’t actually have a particular career path inclination, as long as the salary is good enough, people choose that path. In fact, there are three major…

10 Tips for Preparing the HKSI LE Securities Exam

February 21, 2022

Many people think that the coverage of the HKSI LE securities exam is broad, and we are here to help you. The following are 10 small tips to improve the efficiency of revision and enhance the understanding of concepts! Improve Studying Efficiency Question Answering Skills How can we help? 2CExam provides HKSI LE, IIQE, EAQE…

How to change the game by passing the IIQE exam even with a low educational background?

January 31, 2022

You do not need a strong educational background to be successful in the insurance industry Always feel that your salary is low, and you cannot be promoted due to a low educational background? Do you want to have higher achievements and a faster and more professional career path? In fact, education is not the main…

9 Easy Secrets for Preparing the HKSI LE Licensing Examination

January 26, 2022

  Before taking the HKSI LE securities exam, students need to do some preparations:   1. Registration Students need to register for the exam on HKSI’s website first.   2. Download the study manual Students can download it for free after registration.   3. Search 2CExam’s free video courses Our senior tutors has navigated the…

5 Reasons You Should Not Study Only the HKSI LE manual

January 24, 2022

  Students who are taking the HKSI LE or took it before would know that the study manual is a several-hundred pages exam coverage full of long paragraphs. Not to mention the length of the texts, the expression of ideas requires the readers a lot of concentration to understand. Thus, some candidates think only studying…

5 Key Points Mainlander Candidate Must Know When Partaking in the HKSI LE Exam

January 17, 2022

  What is the HKSI LE exam? The full name of the exam is called the Licensing Examination, or LE for short. The organizer of the exam is not the Securities and Futures Commission (SFC), but a non-government organization named Hong Kong Securities and Investment Institute, or HKSI for short. Generally speaking, this exam is…

Why do people still buy materials from 2CExam while PEAK provides free study notes?

January 10, 2022

  In addition to organizing IIQE exams, VTC PEAK Academy will also provide students who take the IIQE exam with the exam coverage called the Study Note. It depicts what is covered in the exam with hundreds of pages and full of paragraphs. It is lengthy and contains a lot of datas and examples that…