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During the session we discussed exam practice and revision techniques for those looking to undertake professional qualifications. Our Investment Managers, along with a number of further colleagues have achieved Chartered status with CISI, demonstrating a high standard of commitment to the industry.
We have outlined a summary of the top tips for success when it comes to undertaking professional exams:
1. Fundamentals
To pass any exam, you need knowledge, good exam technique and confidence. Ensure that you have given yourself enough time to study before selecting a date for your exam. It can be difficult to balance work and studying, so make sure to plan ahead and manage your time in advance.
2. Revision
Every individual will have their own key revision techniques, and it is essential to understand which methods work for you. Speed reading can be beneficial, whilst others may gain from methodical note taking each chapter. Many industry bodies offer courses, or Q&A sessions where you can reach out for further guidance and support – if you feel as though you would benefit from a course it’s important to reach out in advance so that you have time to follow up with any further questions and embed the knowledge.
Previous papers are a great way to understand the phrasing of questions, and the likely topics you will face in the real exam. A knowledge of industry issues can also really benefit your understanding of various subjects as topical subjects can often feature.
Alongside past papers, you may also have access to examiner comments, which can provide a big clue on the topics you will be expected to answer and aspects they are seeking.
3. The Exam
It’s important to carefully assess the question and understand the number of requirements being asked. A short plan at the start of an essay question not only helps you to brain dump relevant information, but you can refer to it – it’s also pleasing to the examiner!
Not all exams will require an essay response, and you may be able to provide a list to answer the question and save time for other sections of the paper.
Don’t forget to work out how much time you have for each question – figure out how much time you have for each section of the exam and stay on track. There’s nothing worse than running out of time for the final section, particularly when there are questions that you are familiar with and could stand to gain a lot of marks.
Remember that exams rarely have negative marks, if you’re not sure on the answer – pull together a credible response to the best of your ability. Don’t leave a question blank. Try to work through the exam and flag the questions which you would like to revisit should time allow.
4. You
It’s important to bring your best self to an exam. Be confident in your ability and ensure that you take care of yourself with plenty of sleep and the right nutrition beforehand. Don’t forget to schedule some downtime to relax too!
“The CISI champions lifelong learning and integrity. It provides globally recognised qualifications with over 40,000 exams being sat in more than 80 countries each year. These can provide you with the foundation from which to start a career across the world. But most importantly these exams, alongside the continual professional development courses, help to ensure we can continue to provide our clients with the highest level of service.” – Chris Ronan, Investment Manager at EFG Harris Allday
Professional development is an integral part of EFG Harris Allday. Taking responsibility for continued learning has helped to enhance the confidence, skills, and knowledge of our growing teams. Many of our colleagues have also achieved qualifications with other professional bodies such as the Chartered Management Institute (CMI) and Chartered Financial Analyst Institute (CFA), continuing to expand their credibility and professional expertise.