Wow, today I found out a block 4 (last semester student before NCLEX (RN licensing exam)) failed and will therefore have to repeat block 4. This particular guy was hand picked to come talk to us block 1 noobs about how to succeed, do well here and most importantly pass. Yes, everybody has a bad day now and then, but that's not a bad day. He's a bright guy too.
In September I sat the first exam for the Society of Trust and Estate Practicioners (STEP) designation. It was the first of 5 exams to get their diploma. I have a whole bunch of professional development to do each year and these exams will ensure I get 4 years of all my CPD taken care of, and I'll have a few more initials after my last name as a bonus.
I had been sent the material in May. It sat on my desk and was completely ignored until July. I had every intention to start studying in August. Nada. September came along and we had a week long course to prepare for the exam. All of the other candidates had binders of study notes, they had highlighted up all their material and seemed to be right on top of everything. I pulled the plastic covers off the material and put it into my binders the night before the course started.
That week went well but I was really nervous that I might not do as well as I should. I have acted as a Trustee for many families and individuals for over a decade, but never bothered to get actually qualified.
The day of the exam I was a bit of a nervous wreak and was kicking myself for the lack of preparation detailed above.
We had 15 minutes to read the exam and then three hours to complete 25 multiple choice questions and then choose 3 of 5 case studies to do...like essay questions.
I made a rookie mistake when the exam started...after the 15 minutes of reading. I got hung up on 3 multiple choice questions. They were driving me NUTS. None of the answers made sense. Eventually after re reading the questions four or five times I did finally "get them" and then suddenly realised I had spent FAR too long on that section of the exam.
I looked at my watch and panic set in. I was 30 minutes over my budgeted time for the MC questions. (In reality I had forgotten the 15 minutes we had to read and was only 15 minutes behind). So I started to write. I wrote as fast as I could and dumped down as much info as I could on the first question. Feeling pretty good about that one I started hammering away at question 2, which was comprised of four separate subquestions (a) through (d). When I got down to part (c) it suddenly dawned on me that I had been writing about the wrong type of trust. Completely the wrong one. So, I simply wrote a one liner in the memo to the client "This WOULD have been the case if the desire was to have an asset protection trust. However, this case is focused on a Trust which has been established to provide income to one benficiary and then the balance to the rest" I then kicked into overdrive and finished that.
Question 3...I'll be honest. I have no idea what I wrote. I was going so fast that the entire question was a blur.
When the person who was overseeing the exam said "Stop" I had litterally finished the last sentence I intended to write.
I walked out of that exam thinking I was screwed. I thought I had made a huge mistake in even taking it and worried I was going to look really foolish to my clients if they found out.
Six weeks later and on the day the big hurricane hit us (17th Oct) I was reading my email when one popped up headed: Notification of Exam Results
I hesitated for a second but then opened it up.
Grade: A
Examination result: DISTINCTION
I only relay this because when I was out on a coffee break I was involved in a conversation with some of the other candidates. At one point one of them turned to another and said "Do you know that John Smith from XYZ company passed this exam and didn't study at all until the prep course started?" All of the people involved were shaking their heads and sucking their teeth. Little did they know that I did the same thing.
Just because someone studies alot and works hard and appears very smart doesn't make it so.