MyCIMA

How to pass CIMA exams AND work in a busy finance job.

Oliver Gearing's picture

As one of CIMA's student bloggers I feel it is my mission to write about the issues facing CIMA students, and this will be the theme of my blogs over the next few months.

Over the last few years I've been asking everyone I know how to pass the exams, and have come up with a few tips. I use these, and [touch wood] have not failed any exams yet. The tips are:

  1. The sum of marginal gains
  2. Invest your dead time
  3. Plan and do
  4. Support from your company
  5. Early question practice
  6. Link what you're learning with what you're doing at work
  7. Share experience
  8. Realise that sometimes CIMA has to come first.

The sum of marginal gains

Start early, and start well. Do a little bit every day when the exams are a few months away. Ramp this up as you get closer. I try to do 30 minutes a day when the exams are 4 months away, 60 minutes when they're 3 months away. Nearer the time it turns into whole weekends and evenings.

Invest your dead time

We all have a scary amount of dead time in our lives; like travelling to work, waiting for computers to load, queuing for lunch, etc. I've bought the BPP revision cards and success CDs for my exams and make sure they're always with me.

Every job has dead time - how are you currently using yours?

Plan and do

You need a plan, but you need to do it quickly. Attractive charts and wall planners look great, but are time-consuming. My plan for these strategic exams has been to finish reading by the end of March, and then concentrate on exam question practice for April and May.

In your plan make sure that any key work commitments are included. You might need to have a lighter week during month-end for example.

Support from company

This is great if you can get it - I've been very lucky with Pentland - they've got a really strong support structure in place. If you feel your company is not doing enough, try to ask for getting AT LEAST the exam days off. These exams are equipping you to be a better accountant - your company needs to recognise your efforts.

Early question practice

The most important tip. Try and do as many exam condition questions as you can in April and May, and fully audit your answers. Then revise the area you covered in the question. Bingo - you've created a NEED for knowledge in your brain, and then you SATISFY it.

Link what you're learning with what you're doing at work

A real freebie this one. If you are studying producing a proforma income statement, and responsible for the monthly P&L then map the two together. There are so many synergies between work and studying - so any new experience you get at work should be mapped to your CIMA studies.

This is an example of how working within a finance role can really aid your studies.

Share experience

If you work with others that have completed CIMA or are part way through the process, then share their ideas. My mate Chris at my old job was one stage ahead of me and always gave me great tips for each exam I was taking. Offer the same advice to those who are newer to CIMA than you and find your knowledge and experience start to solidify!

Realise that CIMA sometimes has to come first

You have chosen a challenging path. To become a fully qualified management accountant with CIMA takes guts and hard work. Sometimes you will need to put CIMA first (i.e. ahead of work and social commitments).

So keep you chin up , don't panic, and use the opportunities mentioned above in your current revision plan. There are now 41 days left until the first exam in May - you need to be starting to practice exam questions as a priority.

Until next time - keep counting...

Preparation

Hi Oliver the guide you gave is impressive and definatly will be effective it been followed, my problem is i do reading (not the time you said but like 30-60 minutes a day) whenever i study i understand the stuffs but when it comes to apply them into 1 question i couldn't able to recollect all the topic at once and merge them into one 50 marker questions (Sorry forgot to mention i'm appearing for P3). Do you have any guide for how to remember all the topic any key notes so that in exam you can recollect everything and can give 1 nice answer for the marker.

RE:How to pass CIMA exams AND work in a busy finance job.

Oliver,

that sounds like great advice, I would also add that sometimes when one has very long days, and cannot devote a full hour or more to studying, even learning one or two concepts in 20 minutes or so can boost confidence and keep motivation levels high. Especially when one feels frustration from very long working hours. 

Hi

Hi Oli,Thanks your suggestions.I am gonning appear for Strategic in this May too.So,ALL THE BEST.

 

Regards,

Great tips

hi oli!

Thanks for sharing the great tips! Now I have a better overview and plenty of time to plan & study for the Nov 2010.

How to pass cima exam

Thanks Oliver for sharing your experience with us. I'm going to sit E3 this May sitting. I have the same problems like Shrenik Shah, just couldn't able to recollect all the topic at once and merge them into one 50 marker questions. We need your guide for how to remember all the topic any key notes, thanks....

Good ex[erience

Thanks Oliver, you shared good knowledge with us which will help us not only in CIMA but also in other foreign qualiifcations. i submitted CIMA strategic level fee but will not be able to appear this time in May 2010

Re: How to pass CIMA Exams

Hi Oliver, what you are saying is very practical.Great advice.

5.Early question practice

Hi Oliver,

 Appreciate if you can advise on which online course provider provide good online learning system. I would like to study by myself.

CIMA F1 and Level 2

Hi Oliver,

   I have a IT consulting job but here you,we have dead times .Thanks to you,I plan to use them from now on more productively as you have suggested.

 

I have cleared my E1 n P1 papers in Nov 2010.Please advise if I can appear for F1 and F2 along with E2 and P2 papers in May 2011.

 

Thanks,

Nupur

VERY HELPFUL TIPS

Hi Oliver,

The tips are great and I will be using them.

 Thanks

New Cima Student needs help!!

Hi Oliver

Thanks for you impressive posts.... 

So exited to start my new studies!!! Just need some assistance with time management, I work full time as a Bookeeper, so have to devote my evenings and weekends to cima. Opvoisly I would like to finish certificate level as soon as possible as I believe exam dates are flexible, however would you recommend taking on 2 subjects at a time? or even 3? if so what combinations is recommended?

 Also would you recommend using the text books or the online study method? Is there any online "live" classes available? (hate reading)

 Thank you in advance for your help!!

 Regards

 

Billy

handy tips

quite good & handy tips .

thanks 

Boosting my hope

Hi Oliver

after reading ur advise... it made me feel free, hopefully 2 work hard as a new student cos in knw tht sum1 did it. so y cnt i?

may ur advise reap greater profit.