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

How do Chinese who don’t understand Traditional Chinese deal with the HKSI LE? How to use Simplified Chinese to partake in the exam?

January 6, 2022

  Some mainlanders will ask whether our products or real exams have Simplified Chinese. First of all, the HKSI exam conducted in Mainland China will have the option of printed in simplified characters, while the Hong Kong exam will only have traditional Chinese and English.   As for the review materials, the documents for the…

Suggested revision method – applicable to HKSI LE securities exam, IIQE insurance exam, EAQE/ SQE real estate exam

November 30, 2021

We suggest the candidate prepare for the examination by the following steps: 1. Study 1 chapter in the study manual 2. Finish the relevant topic in the Pass Paper Question Bank By spending 20-25 hours doing the revision, about 80% of our candidates can pass the exam in their first attempt.

HKSI LE Securities Exam Info For Dummies

September 23, 2021

  HKSI LE Securities Exam Info For Dummies What papers should I take   The differences between a SFC Responsible Officer (RO), HKMA Executive Officer (EO) and a Sale Representative (Rep) https://2cexam.com.hk/a1061_eng/   Which paper I should take: https://2cexam.com.hk/A1064_eng/   Waiving LE Papers 7-12: https://2cexam.com.hk/A1015_eng/   FAQ about exemption: https://2cexam.com.hk/A1018_eng/   Exam Registration   Registration…

Why do so many people choose 2CExam’s products and video classes?

September 17, 2021

2CExam is excellent at preparing candidates for professional examinations. Why do so many people choose 2CExam’s products and watch 2CExam’s video classes?     2CExam provides a large number of Youtube video classes, including HKSI LE Papers 1, 2, 6, 7, 8, 12 Chinese courses, HKSI LE Paper 1 English courses, IIQE Papers 1, 2,…

What are bibles offered by 2CExam? Are there any questions included?

September 15, 2021

Do bibles include practise questions? Bible and Pass Paper Question Bank are two separate products. “Bible” is composed by us according to HKSI’s study manual and does not consist of any mock questions. It is a study note available in Chinese only as of now. “Pass Paper Question Bank” includes questions prepared by us, with…

How are mock questions written by 2CExam? Are the questions past paper questions? What are the specialties and advantages of 2CExam’s question banks?

September 14, 2021

How are mock questions written by 2CExam? Are the questions past paper questions? Due to intellectual property issues, 2CExam mock questions are not copied from the past papers, but composed by their own editors. The questions are different from the questions you are going to see in the actual exam. If they bear any resemblance…

How Do You Get a Refund If You Bought 2CExam’s Products and Failed the Exam?

September 10, 2021

There’s a money-back guarantee for 2CExam’s products? 100% full refund? Do they really refund? Absolutely we do refund. We only make promises that we can keep. As long as candidates follow the instructions on the terms and conditions of Money-back Guarantee, we offer 100% full refund. Why are we so confident? It is because based…

What Are the Differences Between 2CExam’s Physical Version and Online Version Question Bank? Same Content? Which One Is Better?

September 9, 2021

  2CExam has been training people for the HKSI Licensing Examination (LE), IIQE, EAQE and SQE for many years. Recently, an online version of the pass paper mock question banks was released. What are the differences between the online version and physical version?   What are the differences between online and hard copy versions? Contents…

How to Use 2CExam Pass Paper / Mock Question Banks?

September 8, 2021

Do you need to take the HKSI LE securities exam / IIQE insurance exam / EAQE, SQE real estate exam? Are you upset about how to stuff the considerable knowledge into your brain? 2CExam is here to help! Our motto is “Despise Learning, Secure Passing!” Our company provides various exam related products and solutions which…

Can Top Up Degree be exempted from HKSI LE securities examination? Can I be exempted without previously studied finance?

September 7, 2021

  The Guidelines on Competence of the SFC specify that as long as students meet the specified level of academic qualifications and/or work experience, they can be exempted and do not need to take the HKSI LE Securities Examination Papers 7-12. Exempted students only need to take the HKSI LE paper 1, which saves time,…