As the winter break wraps up, finance students everywhere are heading back to university, gearing up for lectures, assignments, and of course, exams. Whether you’re feeling refreshed or still shaking off the holiday cobwebs, this transitional period is a great time to refocus and prepare for success.
Exams can be daunting, but with the right strategies, you can ace them while staying confident and stress-free. Here are some practical tips tailored specifically for finance students to hit the ground running as you return to campus.
1. Revisit Your Course Materials
Before diving into new content, take some time to review what you learned last semester. Finance courses often build on foundational knowledge, so solidifying key concepts—like time value of money, financial statement analysis, or risk management—will make advanced topics much easier to grasp.
Pro Tip: Create a one-page summary of formulas, ratios, and key theories from last term. This “cheat sheet” will save time when you start revising.
2. Create a Study Plan
A well-organized study schedule can make a world of difference during exam season. Break down your syllabus into manageable chunks and assign specific topics to each day. For finance courses, be sure to allocate extra time for practicing calculations and working through case studies.
Pro Tip: Use color-coded planners or apps like Notion or Google Calendar to keep your plan visually clear and easy to follow.
3. Practice With Past Papers
Finance exams often test problem-solving and application skills. Past papers are your best resource for understanding the format, types of questions, and level of difficulty. Practice answering them under timed conditions to simulate the real exam.
Pro Tip: Pay attention to recurring question types, such as NPV (Net Present Value) calculations or portfolio optimization problems, and refine your techniques accordingly.
4. Master Your Calculator and Tools
Finance exams often require heavy use of financial calculators or software. Make sure you’re familiar with all the functions of your calculator, whether it’s a basic financial model like the TI BA II Plus or a graphing calculator. If your course uses tools like Excel, Bloomberg Terminal, or R, brush up on shortcuts and essential commands.
Pro Tip: Bookmark online tutorials for your calculator or software—they’re lifesavers if you get stuck.
5. Join Study Groups
Finance concepts can be complex, but discussing them with peers can clarify doubts and deepen understanding. A study group allows you to share resources, tackle challenging problems together, and keep each other accountable.
Pro Tip: Limit group sizes to 3-4 people to stay focused and productive. Use platforms like Zoom or Microsoft Teams if you can’t meet in person.
6. Stay Updated on Real-World Events
Finance is a dynamic field, and understanding real-world trends can give you an edge. Follow news about markets, interest rates, and economic policy, as these can often be integrated into case studies or essay questions.
Pro Tip: Apps like Bloomberg, The Economist, or Morningstar are great for staying informed without overwhelming yourself.