IFC EXAM from CSI FEEDBACK - Exam Passed Feb 2017
I just sat and passed the exam in February 2017 and I wanted to warn all those who might not focus on the quantitative aspects of the course. I did the same and was in for a surprise during the exam as it had questions which were way harder than those on the Practice Tests and also many of quantitative nature. The practice tests were simpler in that they mostly depended on a simple understanding of the facts presented in the course. However, the questions on the actual exam were more complex in nature and one could really answer them if one had a solid and thorough understanding of the topics. Many were based on short cases and I think there's less practice for those questions anywhere on the CSI website course materials.
I would highly recommend that you buy the Practice Tests on the CSI website and/or download a free copy from somewhere on some torrent site and do them. But, note that in the exam, you would also need to keep another 15 minutes extra for filling the 100 bubbles correctly on the bubble sheet. So, in the actual exam, you get less than 1.8 minutes per question.
I would highly recommend watching the relevant videos on the "Mark Meldrum" channel on Youtube - he was a savior in many ways and thanks to his exposition, I managed to get through the exam and pass it.
I would also recommend that you focus on all the maths in the Retirement and Taxation chapter as that seems to be a favorite with the examiners. Also, DO NOT skip Alternative Managed Products as there were more than just 3 questions on the exam from that chapter.
Also, please do memorize the formulas and work through the maths as it will really come in handy.
I read the comment below and was not really prepared for the exam till the last week when I realized that just as an insurance mechanism I should really revise the maths and formula and that saved me from failing in the exam.
1. DO PLACE SIGNIFICANT EMPHASIS on the MATHS and the FORMULA - I can't stress this enough!
2. DO watch the videos by Mark Meldrum on Youtube (he makes the videos for the CSC exam and so you don't need to watch all of them, but the relevant ones) - the book for IFC is not well written and so the videos act as a really good way to get a deeper understanding of the topics without having to re-read the book several times and hitting your head against the wall.
3. Do not miss the chapter on Alternative managed products
ALL THE BEST!