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I am finally an Affiliate! I Passed AFM and APM (53 and 63) on second attempt after scoring 49 in both exams in September! My general advice for anyone taking in March is 1. Cover everything! Don’t ignore any area For example Q3 of AFM was on Collars and Swaps, nothing on the more popular derivatives. Q1 in September was on Bond valuation (often ignored). 2. Demonstrate your understanding! Even when you get stuck technically a demonstration of your understanding of the scenario and basic concept will earn you marks. 3. Pick the easy marks like those available for presentation 4. Fight Fight Fight!!! Don’t despair. Even when you get stuck, make an assumption, state your assumption and move on. For example I got stuck computing the asset beta in Q2, I just estimated and stated my assumption and then proceeded! Don’t give up hope!
