Aspiring Solicitors - Commercial Awareness Competition 2019/2020.

Discussion in 'General Discussion' started by Lumree, Sep 8, 2019.

  1. Lumree

    Lumree Distinguished Member

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    Hi everyone,

    Is anyone here taking part in the competition this year?

    Thought we could share commercial awareness tips and tricks before it starts if people wanted to!
     
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  2. Jaysen

    Jaysen Legendary Member
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  3. Ami

    Ami Standard Member
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    Hi, I am taking part in the competition for the first time this year. I’m looking forward to using it as a means to really improve my commercial awareness! I love the idea behind this thread!
     
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  4. Lumree

    Lumree Distinguished Member

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    Great!

    What I’m currently doing is reading FT articles daily to keep on top of news.

    Over the next few weeks I plan to try get my head around economic and political terms/theories which I think can also be tested.
     
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  5. VicieuxRose

    VicieuxRose New Member

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    I'm joining the competition as well. There is a lot to go through indeed!
     
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  6. Ami

    Ami Standard Member
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    Ok, I’ve been doing the same to try to keep on top of the news.

    Oh I see, I’ll have to do that also! What does the AS CAC tend to consist of?
     
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  7. Lumree

    Lumree Distinguished Member

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    This is my first year as well, but from reading the FAQ I can see it mentions political and economic as suggestions for areas to research!
     
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  8. Ami

    Ami Standard Member
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    Ok, I will definitely look into that. Thank you :)
     
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  9. KLaw125

    KLaw125 Active Member
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    Hi everyone, I am not entering the Aspiring Solicitors Commercial Awareness Competition this year, but I was top 25 finalist last year. Great Idea for reading FT articles daily, definitely got into the habit of this for months helped make understanding business and political issues more clearly.

    For general advice on learning terms, I would highly recommend The Finimize glossary for extensive list of financial terms. Additionally, The Christopher Stoakes Commercial Awareness book is a great read to gain a detailed overview of key financial markets and terms.

    My best advice for the competition overall is get a group of friends participating together, to work on building commercial awareness - I worked with 3 other students to write notes, news summaries and discussed topics together. This made going into presentations during the Semi/Grand Final more easier process because we encouraged each other to learn from one another.

    Feel free to ask any further questions, happy to help! Good luck everyone! :D
     
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  10. Lumree

    Lumree Distinguished Member

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    Thank you for this! I’ve just bought Christopher Stoakes book on the city. Have you read this and if so is it equally useful for financial terms? I haven’t had chance to look over it.
     
  11. KLaw125

    KLaw125 Active Member
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    My pleasure happy to help!

    Yes, I have read it Christopher Stoakes book, incredibly insightful read that provides a quality overview of financial terms and how the overall city works. It is worth reading as from personal experience from all the rounds competition, the questions involved are more than definitions at times. During multiple choice rounds and even the presentations in Semi Finals, understanding “how” things work and applying this to commercial issues became the focus of assessment.

    So read it gradually, make a summary of the info for yourself (because not everything is essential) and use it as guide for reading further articles in the news :)
     
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  12. George

    George Star Member
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    Hi everyone.

    I'm also participating again this year! The FT is definitely essential as in some of the later rounds they select some articles from the paper in order for participants to analyse them. I'd also suggest podcasts like Wake Up To Money and the Economist's The Intelligence. City AM and Watson's Daily (which are free!) are also a great sources to keep updated on current news stories.

    I'd second the above suggestion that talking through these issues with friends is a great way to get your head around whats going on. Jaysen's commercial classes were also a big help last year. I'd be happy to help anyone else who is doing the competition! Good luck!
     
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