e-Learning Programme Cuts Study Time for SFA exam

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The exam, taken by 13,000 people last year, is the benchmark qualification for those giving advice in private client stockbroking, instituional sales or equities or bonds and fixed Interest markets in the UK.

Advancer Training Solution combines classroom tuition with e-learning. The key factor is that students complete the e-learning element, which tests them as they go along, before they enter the classroom. Only once they pass a hurdle exam are they eligible for the classroom training. This is then limited to just two days per exam module, compared to the standard seven days.

Trials of the new course, developed by the Securities Institute's training arm in conjunction with e-learning specialists Wide Learning, have shown pass rates of 88%, compared with the current average of 63%. Students from Nomura, CSFB and Morgan Stanley Dean Witter took part in pilot courses.

It could save City of London employers 117m (€203.6m) a year, by cutting out-of-office time for employees, according to the Securities Institute.