Hi everyone....its been quite sometime since i posted in this thread.....
I cudnt get to post on this thread for long. The exam was terrible...it was just one of those esoteric kinds of exams where u find yourself completely unfamiliar with what you are reading. Whatever amount of practice you put in it....the exam's just gonna be a googly. I dont think that the exam was conceptually too testing... it was the manner in which the questions were asked that was dreadful
. Seriously there were questions that were like.....the "x" ratio and the "y" ratio means the following.....
The options included four choices having answers to the two questions. In effect you were being tested on two concepts for a mere 1 mark. That was not the end of it....the answer choices were a wierd mix of various permutations and combinations. This made life a lot more difficult.
What i understand out of this was...the institute wants the candidate to be absolutely clear about the concepts. The questions are also logic based...which means that mugging up anything just doesnt work.
The worst was ethics....it included 60% GIPS and corporate governance (both were new topics in 2006....GIPS was introduced in 2005). I didnt expect them to have such a weightage at all. Also, the professional code n conduct statements must be just crystal clear. I mean just the practice notes is not enough...the handbook must be read. It is like law....every clause is important. There could be various possibilities....each n everything is important. Unfortunately i didnt realise it
....until the exam day that is.
One important Tip: Ethics may really decide your result in the exam.
Debt, derivatives, Alternative Investments, Equity, PM every topic takes its turn to try to screw you. Believe me....no topic spares you. Debt is particularly difficult for me atleast ( lot many things to study for very few marks). You have to have a clear understanding in each topic. If I say that the exam was dreadfull, the results were equally dangerous. The passing rate this time is 40%, marginally higher than the last time. Many people i know have not cleared even after joining classes. Its a real tough game here. The stakes are very high. The exam duration too short. The exam atmosphere very tense and the expectations too great. Its not a simple game.....I am not rying to frighten anyone here....just cautioning people...enter the game only if you are serious. With this i think i should wrap up my sermon
(though unintended) and thank the people who helped me on this thread. Thanks everyone. And ya...I passed the exam
.
