7 down 63 to go

9 replies [Last post]
the.ronin's picture
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Joined: 2005-06-21

Well, after studying all day yesterday I somehow managed to eek out
exactly 70% on this God forsaken exam.  Ask me if I even know what
a bearish put call straddle somersault is ... now ask me if I care.

Don't get me wrong, if I actually was in sales or trading, I would have
taken this very seriously.  But I am in a sellside advisory
firm.  Then again, since when did anything worth while in life
really make sense?

Next up, the 63.

maybeeeeeeee's picture
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Joined: 2005-02-24

Good Deal.  Watch out for the 63.  don't take it for granted.
How long did you study for the 7?
 

derekgaddy's picture
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Joined: 2005-02-18

I took it back in March and put in about 3 months. Unfortunately I studied on my own and didn't have peers or a class to lean on. I just hit the books hard every week and barely escaped that damn test - 72 but i passed

richardmlake's picture
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Joined: 2005-03-31

Go for the 66 instead, you will thankful later on.  It is not much harder than the 63.  Both are laws and client suitability tests.

executivejock's picture
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Joined: 2005-06-29

How much in advance did you register for the 7? two weeks?

the.ronin's picture
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Joined: 2005-06-21

I registered about 2 weeks for the 7 but I kept putting it off partly
because of my massive workload.  I skimmed through the material
sporadically and 95% of my studying was done the day and night before
(9am - 10pm) while at work.  I concentrated on munis and
options.  I memorized the key tables and formulas (max loss, max
gain, hedging strats, etc) and wrote them down as soon as I got to the
exam.  I consistently scored just below 50% on practice exams.

I was so sure I was going to fail that I jammed through the exam in
about 3 hours (not incl 30 min for lunch).  I was very surprised I
passed and I probably did not deserve to pass.  I would never
recommend to do what I did - it was stupid.

I am an associate in investment banking (M&A, corp fin) so I think
I am forced to take the 63 and have no option.  I will be taking
this exam very very seriously unlike the 7.

JCadieux's picture
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Joined: 2005-01-23

Congratulations!  And good luck on your 63.

derekgaddy's picture
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Joined: 2005-02-18

Ronin you're my HERO

maybeeeeeeee's picture
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Joined: 2005-02-24

Good feedback.  Good luck

the.ronin's picture
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Joined: 2005-06-21

derekgaddy wrote:Ronin you're my HERO

A buddy of mine whose in IB at Merrill studied for the 7 in one day,
took the test the next day, studied for the 63 after taking the 7 and
took the 63 the following day.  Got exactly a 70% on both.  He's my
hero.

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