The February 2019 case study marks one year since I took and passed the MCS exam, so I can vouch it’s a great time of year to take the MCS – what’s more you get 60 days of study and revision in between the pre-seen materials and the exam date itself.
From previous experience of passing the OCS and MCS exams, the one area I find difficult is giving real life examples and applying industry analysis in my case study exam answers.
In the rush and stress of an exam situation, my mind struggles to recall the relevant real life examples to supplement my answer.
Remembering the pre-seen materials and making conclusions feels more natural, so I have sort advice from students on this subject so hopefully you can “beef up” your answer with some real life industry examples when you take the MCS exam in February.
Link Likely Issues with Industry Analysis
For example, in the Feb 2018 MCS exam Nortan was based around a multi national Oil company and their shared service centre.
One of the key issues was around the environmental issues around their operations, if there was an oil spill it would have big consequences on their reputation and the financial impact of the cleanup.
And this could be illustrated by the real life example of the BP Oil Spill in 2010.
So by tagging the Industry Analysis with the Likely Issues in your revision you are killing two birds with one stone. You are thinking about the potential examinable area and already have an industry example on hand to help supplement your answer.
Furthermore, you may want to add the technical side of the syllabus you want to refer to the answer. So your revision notes when analyzing the pre-seen materials could look something like this.
ISSUE: Environmental Risks and Dangers
INDUSTRY ANALYSIS: BP Oil Spill in 2010, due to BP and their contractors cost-cutting and lack of controls in place in the industry as a whole.
TECHNICAL: P2 Risk Management TARA, how do we assess the risk and what action should the company take?
By taking this approach to your MCS revision and pre-seen analysis you should be able to produce a more coherent and balanced answer.
MCS Pass Rates
Looking back at the CIMA pass rates for the MCS exam makes for interesting reading. One thing I would stress is that students taking the MCS course should be CONFIDENT given the recent pass rates – which was 75% in August sitting!
The MCS exam has the highest pass rate among the case study exams and, in my opinion, it’s down to one thing;
- Experience of passing the OCS exam, gives students the know-how on the CIMA case study format and what’s expected.
- Experience of passing the six objective tests beforehand, gives the technical skills and confidence to MCS level students.
But that’s not to say the MCS exam is easy.
Far from it, the pass rate of the CIMA gateway students way is just 35% – so this indicates that students attempted the MCS without having the previous experience of CIMA behind them will really struggle to the pass the exam.
Despite the encouraging pass rates for the MCS exam, we mustn’t get complacent that it’s an “easy” exam to pass.
CIMA Gateway Students
As mentioned above, the CIMA gateway students are those who will beginning their CIMA journey with the MCS exam as they have exemptions from previous qualifications.
If you are reading this blog post as a CIMA Gateway student then I would suggest to read this interview we done with a gateway student who passed her MCS exam first time.
CIMA MCS: Astranti Feb 2019 Course
The full MCS course from Astranti is really packed full of resources and is available with a 40% discount until the 19th December 2018 – just use code XMAS40.
- Complete pre-seen pack (pre-seen, strategic, industry analysis and top 10 issues)
- 3 x Full tuition videos
- 2 x Study texts
- 2 x Live Masterclasses (the keys to passing and revision masterclass)
- 3 x Full Mock Exams (based on Nov 18 scenario)
- Detailed marking and feedback
- Ethics Pack
- Pass Guarantee
MCS Pre-Seen Materials: Crowncare
The official pre-seen materials from CIMA were released this week, an early Christmas present for all of you MCS students!
You can find the official document from CIMA here for the Feb 2019 MCS exam.
MCS Feb 2019 Important Dates