IMC - Investment Management Certificate? Any Advice

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Old Aug 6, 2007, 9:47am   #1
 
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Joined Aug 2007
IMC - Investment Management Certificate? Any Advice

Hi Everyone, just registered today - I've been reading the boards for a while but never posted - so hello!

Has anyone ever done the IMC Investment Management Certificate, I'm looking at taking it and paying out of my own pocket, the exams seem pretty reasonably priced but the coursebook is £100 as well - anyone know where I can download it for free?

If anyone else has taken this exam, how useful was it to your career? I'm looking at appluing for middle office, trade administration / settlements roles - is there any other qualifications that would be of use? - SII maybe?

Any advice would be gratefully received - cheers, James.
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Old Oct 12, 2007, 7:48pm   #2
 
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Joined Oct 2007
Apply for IMC

Can you tell me please where should I go to apply for the IMC exam? I want to do it now but my company wont pay for it yet.
I can't find the website... only ones like 7city learning. I just want to apply for the exam, I'll do all the study by myself.

Many thanks
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Old Oct 12, 2007, 8:13pm   #3
 
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Quote:
Originally Posted by roxi View Post
Can you tell me please where should I go to apply for the IMC exam? I want to do it now but my company wont pay for it yet.
I can't find the website... only ones like 7city learning. I just want to apply for the exam, I'll do all the study by myself.

Many thanks
This is the exam login site

http://www.uksip.org/examlogin.html

Charlton
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Old Jan 14, 2008, 12:06pm   #4
 
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IMC advice?

I've just started the distance-learning IMC with BPP Financial. The study notes reckon it takes around 100 hours of study. Of course, this dependes on how much effort you put in to those 100 hours.
I have no background in finance and am finding some of the terminology a bit tough going. I reckon that after immersing myself in it, then it'll become clearer. Kind of like learning the basics of a foreign language. If Fabio can do it...

Can anyone let me know how fluid the industry is? Is it possible to move between jobs and firms quite easily?
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Old Jan 15, 2009, 11:28pm   #5
 
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Hi I recently purchased the IMC unit 2 distance learning from BPP and have had a change of heart to studying towards this, i have the new syllabus 7 for Jan 09-July 09 and looking for a buyer, I purchased this for a total of £305.00 and happy to sell for £250.00 or nearest offer, the books and question bank are brand new and I have not even read from them yet, if you or if you know anyone interested please email me at bobstse@hotmail.com.
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Old Jan 18, 2009, 3:02pm   #6
Joined May 2008
Its not that difficult, I finished it in September last year, it will take a lot less than the reccomended study hours. Also I read, there were concerns about no finance background, I study IT at uni, and I still didnt find it that difficult, the books from BPP are very good.
I have applied to quite a few investment mgmt companies, I struggled to get interviews. Ithink thats more to do with the current climate.
Anyway best of luck with IMC.
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Old Feb 10, 2009, 2:03pm   #7
Joined Aug 2008
its easy, i spent the whole day and night before the exam and easily passed the regulation part.

investment practice part looks even easier !
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Old Feb 12, 2009, 11:47pm   #8
 
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I sat the IMC about 8 years ago now when I was relatively new to the fund management industry. If that is your desired industry then I'd say the IMC is an absolute must, a minimum in fact as almost everybody has it from senior people down to p.a.'s and secretaries. Its basically the industry minimum standard and you'll fine it hard to get any decent job without it. Of course, skills and experience more than outweigh having the IMC, but its a box-ticking exercise many focus on. It certainly did me no harm and I always encourage my staff to take it for their own development.

Its not difficult and even for people with limited experience I'd say 30-50 hours will get you through. Its mostly factual information that needs to be retained (FSA rules, regulations, ethics etc) with some entry level maths (pricing a stock, bond etc). Its challenge is that its quite a broad syllabus without going into anything in any real depth.

I think now you can sit it in two stages if you want to break up the study. All computer based and multiple choice with extensive practice questions available through your training provider (7-city etc). Many people comment that there are only a finite number of exam questions out there and so many of the questions you'll practice with will come up in the exam.

Once you have got your IMC done there is a wealth of options for more serious and career advancing qualifications if you wish but depends on your path. If you want to hit the heights in the front office then the CFA exams will prove a tough test, but are considered the gateway to running money as a portfolio manager or analyst. Other exist too, and a popular one at the moment is the CFA equivalent for alternative investments (CIAI i think) focusing on hedge funds, private equity etc (generally where the industry is moving towards)

Hope that helps.

p.s. would not recommend home study if you are new to it. The training companies have 95% pass rates for training with them and their services are great, podcasts, download class notes onto your ipod etc. Quite high-tech learning, online webinars etc.
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