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Foundations of CFE Exam Old Financial Economic Theory Forum

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  #1  
Old 08-22-2012, 10:28 PM
concactu concactu is offline
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Default Textbooks sufficient?

I feel I have a strong background in the mathematical finance content and the material for this exam (i.e. from hull) should be fairly quick to review or master. The theory might take longer. I have a couple of months free to study and am considering taking the exam in november.

Are study guides essential for this? If i am looking at paying for textbooks, study manual and exam registration, i am probably better off waiting for the next exam session when I should be employed and avoid the costs.

Do you know of people who have done it with the textbooks only?
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  #2  
Old 08-22-2012, 11:10 PM
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Originally Posted by concactu View Post
I feel I have a strong background in the mathematical finance content and the material for this exam (i.e. from hull) should be fairly quick to review or master. The theory might take longer. I have a couple of months free to study and am considering taking the exam in november.

Are study guides essential for this? If i am looking at paying for textbooks, study manual and exam registration, i am probably better off waiting for the next exam session when I should be employed and avoid the costs.

Do you know of people who have done it with the textbooks only?
I'm sure there they exist, though I'd hazard a guess and say those candidates do not belong to the norm.

Is the $300 for a study manual a dealbreaker? Consider that the SOA Study Notes (not a manual, but required reading) on its own is more expensive than the manual itself. Tack on the costs of each individual textbook and the cost of the exam, and you're looking at a difference of $2K vs. $2,300 for taking this exam.

Alternatively, what about going with just a study manual for the exam?
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  #3  
Old 08-23-2012, 03:10 AM
concactu concactu is offline
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Originally Posted by wat? View Post
I'm sure there they exist, though I'd hazard a guess and say those candidates do not belong to the norm.

Is the $300 for a study manual a dealbreaker? Consider that the SOA Study Notes (not a manual, but required reading) on its own is more expensive than the manual itself. Tack on the costs of each individual textbook and the cost of the exam, and you're looking at a difference of $2K vs. $2,300 for taking this exam.

Alternatively, what about going with just a study manual for the exam?
Valid point. I had thought manuals were more expensive, but I was probably looking at the packages (including seminars etc...).
I think I'll first read the material from the textbooks (Hull and Hardy, i have from library) before deciding whether to go for it, or wait till next session.
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Old 08-23-2012, 07:46 AM
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Valid point. I had thought manuals were more expensive, but I was probably looking at the packages (including seminars etc...).
I think I'll first read the material from the textbooks (Hull and Hardy, i have from library) before deciding whether to go for it, or wait till next session.
Well, if you have access to Hull & Hardy, I think the only text you're really missing is the Corporate Finance text and the SOA Study Notes. Take that, add a manual, and you're looking at $800, plus the $1K for the exam.
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  #5  
Old 08-24-2012, 11:42 AM
Kevin C Jones Kevin C Jones is offline
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Well, if you have access to Hull & Hardy, I think the only text you're really missing is the Corporate Finance text and the SOA Study Notes. Take that, add a manual, and you're looking at $800, plus the $1K for the exam.
There's the Mergers and Acquisitions book, too. Not sure how much that is.

The first time I took an FSA exam, I used only study manuals. I did terribly. It probably has a lot to do with how I learn, but if you hand me a binder full of lists to memorize, it's just not going to sink in. My results have been way better reading the textbooks, taking notes like crazy, then treating those notes as a study guide.
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