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