Top CFA Exam Preparation Tips

The CFA test, like any other professional exam, is designed to determine a candidate's commitment to becoming a CFA charter holder.

The CFA program's 3 examinations are all structured as a self-study curriculum, but you have the choice to do it by yourself or enroll in a CFA coaching or study course.

You will face some challenges while pursuing the CFA course, and candidates should be prepared to face them while studying for exams.

So here are a few tips to overcome those challenges.

Start early and, most importantly, start right.

The best time to begin your preparations is around 6 months before your scheduled exam date since this will give you plenty of time to prepare and study. Schedule it properly and keep a target of 300 hours of study over 6 months.

Having a study plan gives you a significant advantage, especially if you are a working professional and are pursuing CFA exams. Additionally, if you enroll in online training from a CFA institute, it will be beneficial.

Talk about your CFA plan with everyone who is important to you.

As previously mentioned, clearing CFA exams is not as easy as it sounds. It requires an immense amount of dedication, substantial preparation, and great willpower.

So it is obvious that while preparing for exams, you are bound to go through stress and possibly be frustrated at times. If this is not handled properly, it will hamper your studies and put you in a mess.

You need a support system in the form of great family and friends. Make them aware of your routine, timelines, and difficulties so they are there when you need them.

Practice:

The most prevalent issues candidates encounter are recall and retention. Take practice exams and mock tests to improve that. Taking practice tests frequently will be beneficial, especially if you are doing CFA online training.

Summarize:

A study material summary is usually beneficial when preparing for the CFA exams, as it works best in the final days of preparation. Make an attempt to summarise all of the studied material. It will also aid in speedy revisions.

Take a study course:

Self-study can be a tedious process, so the advice is to enroll in the best CFA training classes or online training programs.

There are numerous institutes and CFA coaching centers offering various courses, from weekend classes to short-term programs in CFA certification. It will help you develop discipline, create a routine and you will be more focused.

The above methods are tried and tested and, most of the time, proven to work best for most candidates, so if you want to crack CFA exams, please follow the same.