Which Elective Subject to be taken in CS Professional Level?
While taking decision for exam do not think about whether it is going to be useful or not. The primary objective is to pass out, hence the question should be which paper would help you score good marks. Subsequently, there are many courses conducted by ICSI for members which are much more beneficial than these elective papers. The level of knowledge in this elective papers are just basic not even working knowledge which can apply for practical purposes
I will throw some light on few subjects
The pattern for open book exam from what I observed is:
Part 1 is 50 marks – either a case study on banking frauds or related topic or practical sum (mostly on ratios & financial statement analysis) is asked
Part 2 is 50 marks out of which
20 marks – direct questions from the module are asked.one can easily find it out and copy paste in the answer sheet.
30 marks – consist of tricky questions.it difficult to find out its answer from the module as some of them are out of syllabus (module). This part consumes most of your time.
Time management is very important here as you have to find the answers from that 400+ pages module and then write it.
Subjects like banking need guidance. As you know that other subjects related to the third module are not easy (tax and drafting) and they need a lot of hard work. Hence you should not choose banking subject.
Capital Commodity and Money Market
5 Reason why most of the Students choose this subject
1.You get ample of material on the subject
2.Executive level’s security market book will be of great use too
3.The first question is practical and it is mostly asked FTFM so you get the advantage over theory subject if you are good in practical.
4. 5–15 marks paper is from direct book (scanners to be precise)
5.Fewer efforts comparatively are required
Remember one thing…
As you have already studied SEBI in executive level, people will mostly ask you to go for the capital market.Don’t fall for such things. The subject is really very hectic.
In the subjects like capital market, banking there are fewer chances to score more. Also, these subjects take more days in reading and complicated case studies are asked in the examination which is difficult to answer.
International Business or IPR
According to me International Business or IPR are easy subjects as compared to the others.If you want to score well you should go for International Business or IPR.
International business and IPR needs less hard work.This will save your time and You can concentrate on other subjects.
In IPR paper, I have observed that the case study asked are the landmark rulings passed in the field of IPR, So refer a good IPR Case law book if you want to opt this. Check the best IPR book here.
Reasons why international business or IPR is best then any other subject
- The subject is easy to understand.
- Do not demand much preparation.
- Quite scoring in comparison to other.
- A whole 50 marks case law, which might seems like risky but it’s good as you have to read and instantly answer it and you can grab good marks with little more practice!!
Important Tips for IB or IPR
For the IB paper making a glossary of all the issues covered along with page number on first reading will help you to answer the 50 marks portion other than the case study.
Answering case study is a bit tricky since there are 5 questions of 10 marks each, so one would be confused about the length of the answer. however, the answers are hidden in the 3-4 page question. You can also add more info from the module. Do not bother about the length.
However, I would suggest some tips in addition to this for any open book subject
1.Use Master index, it helps a lot (You can buy it from here)
2.Keep scanners handy as direct questions are asked from scanners.
3.For first 15 mins, you should read paper and mark page no. on question papers where answer exists
4.First, don’t start with 50 marks answer.Attempt Question 3 to 6 first as they are direct questions
5.Write in points and not paragraph
6.Your presentation matters the most, so use pencil and black pen for separating imp points and side headings.
7.Don’t panic keep calm and write the exam
8.After seeing question paper trace out answers for all questions at a time and write page numbers of the textbook with a pencil in question paper
9.Marking answers for Self-Test questions at the end of the chapter will help you to get an overall idea of the subject.
TRICK IN COPYING ANSWER FROM THE TEXTBOOK is if you find an answer don’t try to copy paste answer from the textbook as it is. Skip some lines from each paragraph. No one is reading your answer while correcting.It also saves your time to attempt all questions
Whatever subject you choose, Start preparing for it well in advance and not in last month
All the Best 🙂