Hi everyone,I will be done with University later this month and joining the capital markets team of a BB in July. As part of my role I will have to clear the FCA CISI exams. The organisation will provide training and assistance from July when I join but I have the whole of June to study as well and I want to get a head-start.Just have a couple of questions regarding this -1) Any links to free material that I can use to prepare?2) What are the specifics of the exam? I did try to do some research online but I want to better understand the structure, the time limits and the marking scheme from someone who has done this before.3) Any general suggestions about what I can do to better perform in this exam. I wanna make a good impression at work.Any advice would be greatly appreciated. Thanks!
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Just to provide something here (and I did my exams a few years ago with first time passes every time; things may have changed however, and I can't be specific about number of questions or exam duration), I'd comment:
- The training materials your bank provides will be more than sufficient - these are multi-choice exams based on a relatively limited set of content
- Questions are mostly memory recall - nothing too deep or complex
- The training materials will provide plenty of practice questions - your prep should be rinse and repeat - go through the questions and practice exams as many times as you can
- I went so far as to make my own flashcards to cover questions and topics not on the practice materials. This works well for me personally
- Most people finish well within the time limit - the actual exam has ample time to finish the question set, review, etc. I'm afraid I can't remember the number of questions at all, but it felt like ~100 or so and 2 hours, but could well be wrong
- My bank required 2x exams - regulatory and securities, but this differs by bank and by team. Most people find regulatory harder (it's filled with a lot of detailed and quite aribtrary content)
Thank you so much! This was extremely helpful
As exams differ by bank, do you know if you may have to sit the "correct" exams after a lateral move from one bank to another? Hopefully not
I think the answer is yes, but:
1) I've never switched bank (I know, very old-fashioned), so my knowledge is mostly second hand (e.g. speaking to later hires at my own firm and to be honest it's not a very sexy topic of conversation)
2) I'm pretty sure there's a lot of commonality (e.g. UK regs, Securities, etc.); however
3) See (1), but I think there's more than one provider. We do CISI which I think is very common, but your mileage may vary
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