Frequently asked questions for CSI WME-FP Exam 1: what to memorize, how to practice multiple-choice efficiently, and how to use the syllabus and cheat sheet.
No. It’s mostly vocabulary, process, and recognition. But you should be comfortable with basic planning math (TVM, payments, returns/yield) and the key terms used in questions.
Memorize a compact formula pack and key investment vocabulary. Use the Cheatsheet glossary section.
Do timed multiple-choice drills by weighting and write “why the distractor is wrong” notes from your misses.
Exam 1 is shortened standalone multiple-choice (60 questions in 1.5 hours) and excludes “Financial Planning” questions. Exam 2 is case-based multiple-choice and covers the full WME course. If you’re preparing for Exam 2, use WME-FP Exam 2.