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Some Useful Tips To Prepare For The Cfa Examination
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Chartered Financial Analyst, which is shortly called as CFA is a highly responsible designation and this is why the course meant for becoming such a professional is also tougher and the examination conducted for certifying the title is also tougher. A record says out of the people trying out for this journey only 20% are succeeding. However, one out of five candidates have expressed their belief that it is highly possible to crack the course and test. Even though, there is not a secret code for clearing the test, a disciplined and organized approach can be of great help for the candidates to pass each level and in the achievement of the final goal.
Before getting into the tips, it is better to understand about the whole CFA program. This program is offered by the CFA Institute, which is a global association operating from the Charlottesville in Virgina. The program is designed for teaching investment professionals about different things like quantitative analysis, ethics, portfolio analysis, financial statement analysis, etc.….
The program consist of three levels and each of them concludes with a six-hour test. The first examination is generally conducted during the first Saturday of the months of June and December and the second and third level exams are conducted generally during the first Saturday of the month of June each year. After successful completion of all these levels, candidates with four years of professional investment experience becomes eligible to get the designation of Chartered Financial Analyst. Now, let us get into some useful tips for preparing for the different levels of this examination:
1.Get Organized: Once you are decided that you are going to sit for the forthcoming examination, you will have to begin your action plan for effective preparation. Here, make sure that you start your preparations well in advanced to avoid last minute rush. Remember that if you start your preparation six months before the test, you will have to spend at least 10 hours per week for preparation.
2.Develop an efficient study program: If you feel that you cannot prepare on your own just to lack of time or other reasons, the best thing you can do is to enroll in an institution. You can also make use of the best study materials meant for preparation to the CFA examination like those provided by Stalla and Schweser.
3.Practice examinations and review materials: Do take up as many practice examinations as possible and this will increase your level of confidence. Even, review materials from Schweser and practice materials from Stalla can be helpful in this respect.
If you are exploring how to pass CFA exam, then Analystbuddy.com is the right place. You can get efficient CFA Study Guide, CFA Study Material and Sample CFA Practice Questions which are very helpful to pass your CFA exam. For more details about CFA Notes, Please visit our website.
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