Know Here Important Tips For Cfa Exam

By Author: Tanvi Wadhwa
Total Articles: 30
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CFA, Chartered Financial Analyst, is a professional credential offered by CFA institute to investment and financial professionals. Once you complete the program you will be awarded a “CFA charter” and you will become “The CFA charter-holder.” The CFA charter is a qualification for financial analyst and investment professionals.

Earning a CFA charter isn’t an easy task mainly because of three reasons:

- It is a time consuming process.

- It requires a lot of hard work and in-depth knowledge.

- It is also a very costly and expensive test. It requires a lot of investment.

The main hurdles in the way of successful completion of CFA are:

- Preparation: If you aren’t properly prepared for the exams then there are no chances of passing it. It is said that a very less percentage of students pass the exam. It is only about 30-40%. Re-taking an exam is expensive and time consuming.

- Motivation: CFA involves a lot of motivation. If you don’t work really hard for the exams then you are essentially going to waste your money and time. If you are not motivated and determined ...
... to work hard and perform then you are sure to fail in the CFA exams.

Thus, clearing the CFA exams isn’t a child’s play. It requires a lot of determination and motivation to clear an exam like CFA. Unless you are a highly motivated and seriously determined individual with a firm base in finance, your application for CFA is a complete waste of time and money.

Apart from preparing for the exam, there are certain personal requirements also. These requirements are:

- Analyze the CFA Program: Although the CFA curriculum is designed for self-study yet it is your choice to decide whether to rely on yourself or take the aid of a tutor or the study course. According to the CFA institute, it takes around four years for a candidate to clear CFA. A candidate requires at least 6 months of serious preparation before the exam with an average 15-16 hours of study per week.

- Take Instructions: Although people have passed exams by only self-study yet it is undoubtedly very difficult job to do so especially if you are not diligent enough for studying. Also, the amount of information that is required to be digested is so much that it becomes almost impossible to do so alone. Moreover, students tend to become more relaxed and liberal with themselves when studying on their own, and this is just what can ruin your CFA exam.

- Study Plan: You must design a study plan balancing the needs of the exam like time management, skill assessment and preparation for the exam by practicing enough. Enough practice will not only help you in fostering your confidence but also help you in determining which section needs greater focus and which section is your strength. It also helps you to manage time during exam. You must also take mock tests periodically.

- Seek Guidance: If it is possible then you must take guidance from some CFA charter holders who have already appeared in the exam. They might help you to gain some marginal points in the exam.

Clearing the CFA levels isn’t a child’s play. But it isn’t impossible also. With proper training and hard work one can easily achieve success.

Looking at the complexity of this course, EduKart.com, in association with KESDEE, has come up with an online preparatory course for CFA level 1 exam.

For more course details, visit EduKart.com course in CFA (Part 1) Preparation

Tanvi Wadhwa is a graduate in commerce and holder of Post Graduate diploma in Business Journalism and Corporate Communication, from the University of Delhi. Tanvi Wadhwa loves to write on the Online Education domain and has written many articles on Online Education in India. Ritika Pradhan is now associated with Edukart.com, which is one of the leading Online Education Portal in India offering various Online Courses which includes Online Career Enhancement & Skills Courses, Online Retail Management Courses, Online Project Management Courses, Online Financial Management Courses, Online Digital Marketing Courses and recently launched Online MBA Degree Courses.