FSA Exams in UK?
starting on the analyst programme next month and have FSA exams coming up, literally got instructions today. Those who've done it in past, how much work required?
Pretty gutted as I was planning of a holiday before I start but not sure if I should go ahead with these coming up?
Hey. I passed mine a week ago.
Generally, FSA time prep depends on whether your bank is paying for the course with 7city or BPP or not.
If you will be on the course (3 day Unit 02 Securities with 7 city) and you are a finance major, then I would say only minimum preparation is needed (just read through the book once)
Whilst you are on the course during these 3 days, do as many mocks as you can (I did 3 every day - that's - 300 questions). Plus pay A LOT of Attention to Latest Additional Revision Questions - a big chunk of them will be in the exam.
Now Unit 01 Regulations. This is a much harder paper, and you are likely to have only one-day course with 7city for that one. It is definitely not enough. So I would pay much more attention to that course.
I did some .doc summaries of useful facts whilst preparing for these two exams - pm me with your email if interested and I can forward these to you.
Which bank are you with?
Most people who fail, fail on the regulation bit. The finance part is easy.
I would not underestimate how specific the questions are for the regs. If you take a course you should be in good shape. The tutors are allowed to sit the test once a year, so if you are lucky (like me) the tutor will have sat the test within a month of your test because they are constantly changing the questions. What the tutors do is memorise the questions and then come out of the test centre and write them all out for course participants. I would say 50% of the questions were identical.
Hello Puzich.
I would like to have some advice. I am french; i would like to go and work to London. I have passed some interviews for sales job. During my interviews, they told me, that because i don't have the FSA, it is a disadvantage for me because i will need a minimum of 1 month to learn and get it. So il would be very interested by your courses about the regulation parts if you are OK. i can send you my mail by PM if you agree;
In addition, do you really think 1 month of learning is a minimum. In fact, I have the CFA level 1 exam at the beginning of December. So working during 1 month for the FSA will be very hard for me.
So if you have any advice for me...
Thanks in advance for your help
FSA Exams (Originally Posted: 07/23/2012)
What papers do I need to do in the CISI to become FSA approved? (I know my employer has to register me).
At our firm we have to do the Unit 02 Securities Paper (sat the exam today) and the Unit 01 Financial Regulations Paper. I don't know how it works at your firm but we received everything well in advance and had/have classroom training for each of the exams. Our firm also set up an online portal with ALL the info so that effectively we didn't have to have any hardcopies.
Please note that this is for IBD Analyst - S&T and others may have to do different certifications. PM me for more specific questions.
I am interested in this as well. For anyone based in London, please can you shed some light on this process. Its not clear to me how to manage taking the exams while also managing the heavy workload of a first year IBD analyst. Do you have a period during which you need to sit and pass the exams (i.e. perhaps during the first year of employment)?
you'll do them through training. not hard, just learn the stuff, no intelligence required.
bear in mind that actually, you often don't need these exams to be regulated, its your bank covering its arse.
Usually you will have two weeks before you start your actual training in which you will only do the prep courses for these exams. Some banks me require you to do them before you start or within a certain time frame of starting, others don't make you do them until you become an Associate (IBD).
Thank you both, much appreciated. I need to sit Regulations, Securities, and Derivatives. I am doing the courses through 7city. If you guys have taken any of these, and also did the courses, how much time did you allow to study by yourself before taking the exams?
Yeah...7City sucks. Can't say anything good about them. Any chance you can get into the Kaplan courses?
Sorry guys - one more question. Given the course availability, I am going to take the exams out of order (Unit 2 - Securities before Unit 1 - Regulation). I think this should be fine, assuming there is virtually no overlap between the two but wanted to see whether you had any thoughts (particularly negative) in doing it this way. Many thanks again for your insights
wouldn't take regulation too lightly though. It doesn't require brain but is a bitch to learn if you still need to work full-time...
I've done all three. My advise is to study 7city 's annotated chapter notes, and do all 5 mock papers (they are very very similair to the real exam questions, numbers are just tweaked/ workds rephrased). Reading every chapter of the manual is a HUGE waste of time. They are fairly basic and if you work efficiantly are too time consuming. PM is you have any questions, I still have some material on my personal computer if that inrerests anyone.
Thank you all, much appreciated. @"IMFUTURE", I got all the materials from my bank so should all set, but thank you.
FSA Exam London (Originally Posted: 04/11/2012)
Cram short and hard and you'll prosper, not difficult.
Don't you mean CISI?
Oreos - you done them before?
FSA exams for UK IB (Originally Posted: 03/14/2012)
Hi everyone,
I will be starting as an MBA associate at bulge bracket UK bank in September and would like to take my FSA exams early. I was told by my bank that I need to take regs and securities but when I log on to www.sii.org.uk to register, they have a bunch of different exams all with similar names. Does anyone know what the difference is/which ones are the ones IB associates need to take?
Regulations:
FSA Regulation and Professional Integrity (IAD) Unit 01 – FSA Financial Regulation (Certificates) Unit 02 – FSA Financial Regulation Unit 06 – Principles of Financial Regulation (Certificates) Unit 07 – Principles of Financial Regulation
Securities:
Global Securities Securities (IAD) Unit 02 – Securities Unit 06 – Global Securities Operations
Thanks in advance!
hey! I'm an undergrad and want to work as a trader at a BB next year. i actually have the same question as above.
The sii.org.uk website won't work - Im not sure how you managed to log in. They changed their name to CISI and they run the exams. I did call them and they kept giving me different numbers for the exam helpline but am still trying to get through.
It may be worth calling the places that help prepare you (7city/BPP/Kaplan) - thats what my friend said. Tbh I did call one of them but they didn't seem to have much idea. lol
Please do let me know if you find anything out.
Yeah you're right, its CISI now, I pasted the wrong link! Will keep you posted if I hear anything.
Can anyone else who has taken these help?
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