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Series 52 Exam Details

The MSRB® Series 52, Municipal Securities Representative Qualification Examination is designed to measure a candidate's qualification and competency to engage in the municipal securities business. The exam includes questions on municipal securities, the municipal market, economic activity, government policy, factors affecting interest rates, and applicable federal securities laws and regulations.


Securities Industry Essentials (SIE) exam

75 multiple-choice questions

2 hours, 30 minutes

Outline of Topics Covered

  • Municipal Securities: 60%
  • Economic Activity, Government Policy and the Behavior of Interest Rates: 14%
  • Securities Laws and Regulations: 26%


Best Practices Guide

Kaplan has prepared a Best Practices Guide to help you pass the first time! This guide includes recommended study hours, how to use your study materials effectively, and test-taking tips. Access the guide and other free materials here.


Additional Details

For more exam details, including fees and passing score, please visit FINRA.


Attention Colorado Students

Kaplan Financial Education is approved and regulated by the Colorado Department of Higher Education, Private Occupational School Board (DPOS). View the Colorado College Bulletin.

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