How to Prepare for NCFM Foundation Module, Banking Fundamentals-International Exam?

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Banking Fundamentals-International Exam

When it comes to preparing for the Banking Fundamentals-International Exam, different methods of learning work for different people. Since no individual is the same, there are loads of tips and tricks to make yourself ready for this exam.

To begin with, there are three time-tested and well-researched elements for preparing yourself to take any major certification exam. These include-

  • Firstly, staying physically ready for an exam
  • Secondly, staying mentally ready for an exam
  • Thirdly, staying emotionally ready for an exam

Many candidates are naturally very good at one or two of these areas. Perhaps you may have a strong memory, or you don’t get rattled by the significance of the test. However, it takes practice to get good at all three. No matter what the reason is, it really takes practice to come close to perfection.

And, if somehow you master all three of these areas. Qualifying the Banking Fundamentals-International Exam, will not only be a much easier task for you but also you will get used to the challenges and routines of staying “on the ball” for future hurdles. Keeping that in mind, it’s time to get you started with the Banking Fundamentals-International Exam. So, first, we will begin by getting familiarized with all the exam details and the reasons to get certified.

Why Opt for NSE?

NCFM is also known as NSE Academy Certification in Financial Markets. This certification is offered by the National Stock Exchange of India (NSE). The NCFM certifications provide an extraordinary advantage to students in commerce and business management. Moreover, this is beneficial for candidates who want to have a career in banking and finance. So, here are some of the benefits:

  • First of all, this will give a steady start to your career in finance.
  • Subsequently, attaining certification from NCFM will provide steady growth as well as great earnings.
  • Moreover, candidates do get higher opportunities in banking and financial management.
  • Consequently, securities markets offer a great career in finance and commerce. Therefore, NSE Certifications and NCFM courses add an extra edge to your abilities and skills after graduating in commerce.

Every Information regarding the Banking Fundamentals-International Exam

This particular module or program is formed by Finitiatives Learning India Pvt. Ltd. (FLIP). FLIP provides the candidates with a wide range of e-learning & certification programs across Banking & Financial Services (BFS). Not to mention, both freshers and working professionals can begin with this module.

This module is designed specifically for the IT candidates. With the help of this module, candidates can lay the foundation for IT professionals engaged in BFS projects. After, qualifying the exam, the candidate will be equipped with the necessary domain knowledge. Also, they’ll be able to interact with customers confidently and understand their requirements better.

Additionally, this module covers key concepts in banking and finance. Further, these include- Interest, Financial statements, risk etc. It gives the candidate an overview of the banking business, with a specific focus on US/UK products and process. Moreover, it covers fundamental compliance and an overview of the technological aspects of banking.

The Target Audience

The course is intended for candidates with the following qualifications:

  • Firstly, Engineers/Other Graduates hoping for a BFS career in IT/KPO/BPO
  • Secondly, MBAs/Post Graduates desiring for a Business analyst role in IT/KPO
  • Subsequently, other working professionals, aspiring to move into BFS in IT/KPO

In terms of role appropriateness, this module is suitable for a candidate hoping to join the BFS vertical of a

  • IT company,
  • KPO,
  • BPO

Exam Objectives

From our previous experience, we come across so many candidates pay the least importance to the course outline. Therefore, allows us to put you on the right pathway. As an extra benefit, let’s just make you aware of the fact that half of the preparation is done the moment you’re familiar with each topic under course outline. So, we urge not to skip this part, no matter what. In the same light, let’s begin with the exam objectives. 

Banking Fundamentals-International Exam

Study Guide to Qualify in the very First Attempt

Certainly, NCFM certification is a strong factor in advancing in your current job or getting a new job elsewhere. However, remember: to obtain an NCFM certification, preparing yourself for the exam will give you the greatest chance of achievement. 

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So, the key to preparing for NCFM certification exams are obtaining all the right study tools and materials essential for your learning style. It also benefits to go through a practice test of some kind to help prepare and really drill in the memorization of the technical knowledge required.

Establish a Study Routine

Provide yourself with some structure when it comes to studying, and try to prioritize your study time. If you don’t, it’ll be way too easy to procrastinate or ignore what you need to do. 

Figure out when you can absorb new material the best. When will you have the least number of distractions? A quiet environment will help you concentrate and prepare well for the Banking Fundamentals-International Exam. 

Review Topics Covered in the Exam

NCFM certification exams are highly detailed examinations. So much so that even deeply skilled professionals have failed. So, try not to take it lightly. Each and every question is designed to challenge the candidate’s knowledge. Therefore, it’s not advisable to just guess and hope for the best. 

While you can’t comprehend and understand everything. However, you can get a head start with studying if you know the objectives and sub-objectives of each exam. All these are covered in the Course Outline mentioned above. NCFM advertises the exam descriptions for all exams and lists their objectives. Nonetheless, each sub-objective will also have a set of skills that one will be tested on. So review this Official page as much as possible until you’re satisfied.

Find the RIGHT Study Materials

Always, always, always get study materials from legitimate sources that are sanctioned by NCFM. NCFM issues its companion content online, and the candidate can seek out online resources and forums from people who have previously taken the exam. 

Online Guides and Articles

There are various sources when it comes to online study guides.  These are best suitable for certification exams. These are often one of the cheapest options for study.

The product documentation also falls under this section. But, this is one of the least structured methods to follow when studying.

NCFM Classroom Training 

There are a number of students enrolling themselves into institutes for NCFM certifications. Further, these institutes offer candidates with study material and mock tests as well. Therefore, enrolling yourself into this institution will allow you to prepare well for the examination.

NCFM Online Training

While classroom training includes candidates to be physically present in the class. Whereas, online training will help candidates to sit at home enjoy all the benefits and prepare well for the exam. Moreover, this training will offer you with perfect solutions. Further, you can enrol in this training at any time of the year. In addition, you can easily access online training from any location. 

Take Notes While Studying

“If in doubt, write it out.” Write down all technical detail you notice while studying for any Microsoft Certification exam. Since NCFM exams are notoriously detailed. Hence this method can turn out to be a lifesaver. While what you write down might not be on the exam, it’s better to be safe than sorry. 

Join Online Forums/Study Groups

Online forums and study groups are a great way to prepare for the AZ-220 exam. Therefore, feel free to get in touch with other candidates through study forums or online groups to ask a question related to the topic you’re having difficulty with.

However, it’s not something you have to join. It’s just something very subjective. Not to mention, these online groups help you stay equated with the other people who are also walking through the same path as yours. Moreover, you can also ask a question related to the topic you’re having difficulty with.

Take Practice Exams

One of the most worthwhile things you can do to qualify for your certification exam is to take practise exams. Treat the practise exams like real exams so that you understand what your strategy should be when the big day comes. Expect to fail your first practice exam. Afterwards, go through each wrong answer to determine your areas of weakness. FOR MORE PRACTICE SETS, CLICK HERE!

Relax on Exam Day

When it’s time for the exam, the best thing you can do is relax. Knowing that you’ve prepared to the best of your ability. While you must take every question seriously. And, performing into the exam stressed and overwhelmed will increase your chance of failure. Perfection is not the goal; completion is. Let yourself off the hook by understanding that it’s okay to miss a question, occasionally guess or get confused by a question’s wording. You can always retake the exam if necessary. 

Finally, this marks the end of the Preparatory Guide. Hopefully, by the end of it, you have what you were looking for. A complete comprehensive guide, that will allow to work on your skills and help you qualify the exam in the very first attempt.

Strategies to qualify the Banking Fundamentals-International Exam

Now that you have the full preparatory guide. Let’s understand how-to strategies for the preparation.

  • First thing first, the candidate should not rely on mugging. But instead, effective learning will offer great results.
  • Secondly, keep in mind that certain topics have high weightage in the examination. Therefore, prepare accordingly.
  • Thirdly, make sure to practice as much as you can.
  • Fourthly, while attempting the examination understand the question and then attempt it.
  • Last but least, the candidate should manage time for better results.

Final Words

Certainly, adding certification to your resume will help you stand out and get hired. So, if you’re aspired to advance your career and motivated to follow your dream. Then, passing the Banking Fundamentals-International Exam will definitely be the last step towards being certified. 

In other words, certification exam like Banking Fundamentals-International Exam will prove that you have the skills required for the job. Further, this will also showcase your commitment to your dreams and aspirations. Certainly, training and certification do impact your profession. And, offers financial benefits too. 

So, don’t doubt your worth, buckle up!  Gear yourself up with all the resources we’ve discussed above along with proper use of your time. Most importantly, with these resources, the Banking Fundamentals-International Exam is completely achievable.

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