From the perspective of exam difficulty, private equity is less difficult than public equity. The basic knowledge of securities investment funds involves more basic investment knowledge, with more icons, formulas and calculations, and the overall content is more scientific in nature. Although private equity also has some formulas and calculations, the overall content contains more laws and regulations, and the overall content is more liberal arts in nature.

From the perspective of application scope, public offerings are far larger than private offerings. Those who have passed the public offering subject can engage in all types of fund business, while those who have taken the private placement subject are employees of private equity fund managers, those who are engaged in publicity and promotion of funds in fund sales agencies, and personnel who operate and maintain the fund sales information management platform system.

Practition of public fund managers, fund custodians, securities and futures asset management institutions, fund service institutions (including fund sales, share registration, valuation, investment consulting, evaluation, information technology system services, etc.) Personnel cannot engage in private placement subjects, but they can engage in public placement subjects.