The end of June marks the deadline for the FAIS Examination entries. Anyone who hasn’t written by the 30th of June will be debarred from practicing in the financial services industry, on condition that they do not meet the predetermined requirements for older members of the industry (additional deadlines have been stipulated at a later stage. Here are a few study tips that will be useful to anyone planning on doing some last minute studying, whether for the FAIS exams, or those dreaded Matric exams that are right around the corner:
• It is best to review the material right after class when it's still fresh in your memory.
• Cramming usually doesn’t work. Instead, space out your studying, review class materials at least several times a week and focus on one topic at a time.
• Have all of your study material in front of you: lecture notes, course textbooks, study guides and any other relevant material.
• Find a comfortable and quiet place to study with good lighting and little distractions.
• Start out by studying the most important information.
• Learn the general concepts first, don't worry about learning the details until you have learned the main ideas.
• Take notes and write down a summary of the important ideas as you read through your study material.
• Take short breaks frequently. Your memory retains the information that you study at the beginning and the end better than what you study in the middle.
• Space out your studying, you'll learn more by studying a little every day instead of waiting to cram at the last minute. By studying every day, the material will stay in your long-term memory but if you try to study at the last moment, the material will only reside in your short-term memory that you'll easily forget.
• Make sure that you understand the material well, don't just read through the material and try to memorize everything.
• If you choose to study in a group, only study with others who are serious about the test.
• Test yourself or have someone test you on the material to find out what your weak and strong areas are.
• Listening to relaxing music such as classical or jazz on a low volume can relieve some of the boredom of studying.
• Don't study later than the time you usually go to sleep, you may fall asleep or be tempted to go to sleep, instead try studying in the afternoon or early evening. If you are a morning person try studying in the morning.
The Learn Café provides training to individuals and groups looking to become compliant with the FAIS Act. The courses and training are dedicated to getting the client ready to successfully complete the FAIS Regulatory Examination (Level 1).
To learn more about how to effectively develop skills that will aid you in becoming a Financial Advisor, visit The Learn Cafe’s dedicated FAIS Training website to sign up and focus on preparing for the Level 1 FAIS Regulatory Exam, which is designed for Key Individuals and Representatives.
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