10 Tips for Taking the CFA Exams
CFA (Chartered Financial Analyst) is one of the most respected designations in the finance. To enroll in this program, you must hold a bachelor’s degree, and must have four years of financial carrier/investment experience. There are three levels of exams to pass such as accounting, economics, ethics, money management, and security analysis. A financial analyst’s competence and integrity is measured by the CFA institute. There are three levels of exams offered by CFA institute.
Here are some tips to assure success:
1. A good study plan
Success is correlated with your devotion to the study. This exam is very stressful for the candidates because the pass rate is not that high. So, if you sit for CFA level 1 exam you are advised to study enormously. You must collect the CFA notes that will be the good sources of your problems. On this point you can follow the concise and effective curriculum guide from Analyst prep. You have to do between 300 and 400 hours of studying. A study planner is offered by analyst prep that can help you to improve. You must work on the additional problems with reputed preparation providers.
2. Have a good plan to manage your time
It’s very important for a student. Because good use of time and CFA notes brings good result. Each time has to be used carefully. It’s difficult to manage but still to pass the exam you must give priority to this option. You have to prevent yourself from neglecting study time. Each time is precious in this exam. Because six month is huge for a student and any student can fall behind schedule easily. So make a sound schedule for you study.
3. Find a good method studying
You have to find your own way basing on your plan to study. Practice and revision technique is an inevitable part of study. Somebody likes to go to the library; somebody studies the CFA notes at home. You have to find out what you like. You can take lessons from online based tutorial analystprep.com. You can have benefit by building short meditation practice. It will help you to be heedful to your study.
4. Give importance to the exam
You might feel that you have already covered most of the subjects on the curriculum but it will make you regret. This exam is not going to be easy. It’s a common mistake but avoid it. Even if you have already covered the subjects you might forget the details in your CFA notes. So, you have to get yourself attached with your studies. Just don’t think of it like, oh I read it or I already know it or it’s easy. Don’t underestimate the exam.
5. Practice helps to achieve goals
It’s very essential that you must be able to respond to the questions to pass the exam. So, you have to be practicing attentively. You can’t waste your time.
6. Stay motivated
You must perceive your intention to sit for CFA exam and the values of earning your CFA charter. You have to know about your ability and enthusiasm. Do you have enough patience to be on the table sticking yourself with the books or CFA notes? All your efforts will go in vain if you don’t even realize the importance of this designation.
7. Use the calculator that is approved
The ability to answer the question in a short period of time in CFA exams is a big challenge. So, practice with the approved calculator you are going to use on the exam day. It will allow you achieve efficiency.
8. Maintain a healthy lifestyle
There is no doubt that it’s one of the toughest exams for the candidates. But still you have to manage some time to keep you healthy and sound. You must eat healthy food and be disciplined, sleep well and stay away intoxicants. Work out every day, remember being healthy allows a person to concentrate and reduces the stress level before the exam.
9. Review your progress
This is very important part for a candidate. It won’t be good if you take this lightly. You must finish covering all materials. To assess your preparations and weaknesses practice online preparation exams and try to replicate actual exam environment. This will make you more efficient during the exams. Reviews have to be done at least one month before the exam.
10. The day before the exam
Just relax and don’t worry or even talk to anyone about your exam. Feel confident and keep all your necessities ready, so you don’t end up wasting time during the exam. Play some video games or have a relaxed evening before the exam.
So if you are planning to register CFA program you must organize your material. As a candidate of CFA you better make your plan sticking with Analyst prep and achieve your goal using the materials.Our study notes and guides are designed to teach you the curriculum. We have a comprehensive question bank and mock exams what include high quality content. It helps to replicate the difficulty of actual exam. Where upon practicing this, you will feel more easy in the exam hall.
Therefore, stick with AnalystPrep to pass the exam. Just visit www.analystprep.com to learn more about your CFA exam plan in order to succeed and you can register for free.