Hi Guys,
I recently received prep materials from my firm to prepare for the FCA Exams (Financial Regulation & Corporate Finance). While the corporate finance part seems mostly redundant with interview training, the financial regulation part seems very painful to digest (350 pages ebook ! although the explanation videos provided by Fitch look a bit less painful).
How did you prepare and how much time did you allocate to this?
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Most banks give you a week for each exam
I think I actually just have 1 week, but wanted to know how long to prepare for before the start of analyst training pgm?
Bump
Just cram the mock exams they give you - questions are recycled year after year. There's also an example exam on the FCA website which you should memorise back to back.
Hate to say it but actually learning the content is inefficient
Thank you!
Hi there - thanks for this. I am doing the 5 mocks but I can see that the questions are very different with each other in the mocks so just wanted to check as you mentioned that they recycle the questions that this was still the case? Would there be different questions in the exam?
Literally just do the tests and memorise them do them all at least 3-4 times. Do the end of chapter qns at least 3-4 times. go over the material once ie read it - if there is anything you dont understand, make brief notes on it and read again. Prioritise qns though and you need to learn them all off by heart.
Hi there - thanks for this. I am doing the 5 mocks but I can see that the questions are very different with each other in the mocks so just wanted to check as you mentioned that they recycle the questions that this was still the case? Would there be different questions in the exam?
Don't worry about it too much. I have not looked into the PDF once. The most important part are the training sessions with Fitch during which they will prepare you very well for the most relevant topics and will also hand out a condense summary deck that covers everything relevant.
Your bank is also likely to host 2 training days per exam with a Fitch instructor where they cover the entire material from the slides/videos + a little extra details. Watch the Fitch videos beforehand if you want to feel more comfortable. Do not read the book. I repeat, do not read the book, it is a waste of your time. Drill questions/mocks (one time around each is fine) and you'll be set. Do the Final Study Questions if nothing else, they're the least obvious.
It's pretty hard to fail tbh.
Hi there - thanks for this. I am doing the 5 mocks but I can see that the questions are very different with each other in the mocks so just wanted to check as you mentioned that they recycle the questions that this was still the case? Would there be different questions in the exam?
I never said anything about repeated questions that was someone else. The Fitch mocks/questions are NOT necessarily representative of the exam. Fitch will explain this to you. Some questions they have are old exam questions or very close to current exam questions but some they just make up. The closest thing to the current exam is the FCA mock but there is only one for each module. Definitely worth doing as I had several questions from it come up in my actual exams.
If you follow what I said above, you will pass. It's that simple tbh. You can do all of the above in probably 3 weeks of light studying for Regs + Securities exams.
how important do you think the fitch learning sessions are? Would prefer to avoid 4 full days of lectures if I can, but obviously can’t afford to be underprepared.
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