Knopman Marks Financial Training is pleased to announce its partnership with the University of Iowa for Securities Industry Essentials (SIE) Exam preparation.

The University of Iowa SIE program was launched in January 2019 and is one of the first of its kind. The course, offered within the finance curriculum, covers detailed information about financial industry products, markets, accounts, and regulations, preparing students to pass one of the exams required by FINRA for securities industry licensing and employment. (Before October 2018, individuals could take securities licensing exams only after they were hired and sponsored by a financial firm. The new SIE Exam changes that paradigm. It can be taken by anyone age 18 or older, and if passed, a shorter, focused, “top off” exam is required after hire to complete the licensing process.)

The one credit course consists of both online lessons and in person review sessions throughout the semester. Enrollment in this SIE program includes a voucher to take the exam upon completion.

With the addition of this program, the University of Iowa is supporting students in earning a credential that can differentiate them when they apply for securities industry employment. Once the exam is passed, the qualification is valid for four years.

A New Industry Standard for Academic SIE Exam Courses

According to Brian Marks, our senior managing director, these changes offer an excellent opportunity for college students and career changers to earn an important credential that can jumpstart a career in the securities industry. “Firms benefit greatly when candidates for new jobs have this credential. They’ve proven their initiative and their ability to pass securities exams, which are not easy. These candidates spend less time in training and can contribute in their new roles sooner.”

He adds that a number of firms are requiring new associates to pass the SIE Exam before they begin summer training and expects that this trend will escalate in the next several years.

Cathy Zaharis, CFA, in charge of professional/employer development and director of the university’s Henry B. Tippie College of Business’s finance department, initiated the implementation of the Knopman Marks SIE training program, which kicked off January 14, 2019. “In reviewing materials for SIE prep, I found that the Knopman Marks material was thorough and clearly understood. I also appreciated their high pass rates for exams.”

Before incorporating the program at U of I, Cathy successfully studied for and passed the SIE Exam. “I utilized the Knopman Marks materials in my own preparation, and I felt I was prepared for success. And I passed, which I attribute to the study materials and process they provide.”

A sample SIE Exam is available for free at https://knopman.com/securities-industry-essentials-sie-exam/

Info re: IA course catalog: http://catalog.registrar.uiowa.edu/tippie-business/finance/#coursestext

Start an SIE Course at Your College or University

Knopman Marks offers an agile SIE college program and can help you build a curriculum for your school. Contact us today for more information.

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Written by Marcia Larson
Marcia Larson is Vice President, Faculty, at Knopman Marks Financial Training, New York, NY. She has extensive experience in financial licensing and regulatory training, having authored, developed and presented courseware for numerous securities and insurance exam preparation and continuing education and compliance programs. Before joining Knopman Marks, Marcia was Director of Annuity Products and Business Development at CUNA Mutual Group, where she developed and marketed industry-leading annuity products and retirement solutions and implemented distribution relationships. She was previously VP, Securities Products for Kaplan Financial, managing securities training products and subsequently, international training and businesses development. Marcia has trained thousands of financial industry exam candidates throughout their careers, and also college students as an adjunct professor. Marcia was a summa cum laude graduate of Wartburg College with degrees in Business Administration and Piano Performance. Marcia also holds the designations of Chartered Financial Consultant® (ChFC®), Chartered Life Underwriter (CLU®), Certified Employee Benefit Specialist (CEBS), and Fellow Life Management Institute™ (FLMI®). She currently teaches the SIE, Series 6, 7, 24, 50, 52, 63, 65, and 66 exams.