Learn the Best Ways for CFA Preparation

Preparing for CFA can be one of the toughest things happening with you! And in case, you opt for the wrong guides and practices, your CFA prep will just go in vain! Going for a reliable and trusted medium to clear CFA exams can make you one of the CFA Institute certified professional.

Well, for the newbies, they must know CFA is considered as one of the most challenging as well as brainstorming exams in the world! And thus, at present, there are only around 120,000 certified CFA professionals around the world.

  • What is Takes to Qualify CFA Exams?

To qualify CFA exams, candidates must fulfil certain conditions and requirements as imposed by the CFA Institute. These requirements can be summarized as follows:

  1. Candidate must have a valid or qualified prior work experience of 4 years or 48 months. The work experience should also abide by the rules and guidelines of CFA Institute.
  2. Candidate must clear all the levels of CFA exams. He or she cannot miss any of the level and go the next level.
  3. Before taking up any of the CFA exams, the candidate must become a valid member of the CFA Institute and must also apply for CFA members society.
  4. Candidate seeking for CFA professional courses must abide by all the rules and guidelines imposed by CFA Institute Code of Ethics and Standard of Professional Court.

Learn the Best Ways for CFA Preparation

  • Different Levels in CFA Program:

The entire CFA program can be divided into three main parts:

  1. CFA Level 1
  2. CFA Level 2
  3. CFA Level 3

All these three exams are conducted annually and are required to qualify sequentially. Candidates skipping any of the levels are not allowed to go to the next level! Among these levels, CFA Level 1 is usually considered as the most challenging as it introduces the candidates to the financial world. CFA Level 1 should be taken more seriously as it can decide the candidates future and possibilities with the rest of the levels.

  • Explaining CFA Level 1:

To clear CFA Level 1, candidates must read the curriculum given by the CFA Institute and take up regular CFA practice exams on the following topics:

  1. Ethics.
  2. Quantitative Methods.
  3. Microeconomics.
  4. Macroeconomics.
  5. Global Economic Analysis.
  • Easy and Simple Ways to Prepare for the CFA level 1 exam:

Practice makes a man perfect! In order to prepare yourself for CFA exams, you need quite a lot of patience and the proper guide to crack the CFA Level 1. Along with a knowledgeable guide, you also require reliable and efficient study materials to prepare for CFA practice exams effectively.

And whilst talking about effective ways to prepare for CFA practice exams, https://analystprep.com can be your ideal partner! Yes, with AnalystPrep, you can achieve more than you can ever imagine and that too with the shortest span of time. Here is an overview of how they can reshape your dream of becoming a successful CFA professional:

  1. Study Notes:

AnalystPrep offers study notes that are prepared by CFA experts and qualifiers from across the globe. By keeping yourself synced with these study notes, you can study the ins and outs of CFA curriculum and prepare yourself for the upcoming CFA exam; including CFA Level 1 exams, more efficiently and effectively. The best feature of these study notes is that they are designed in a way that consumes less time and yields maximum results.

  1. Question Banks:

Experts toils themselves to collect all the previous years questions and suggests easy solutions to them. They combine all these into a Question Bank or questionnaire along with easy and simple ways to understand and remember them and prepare you for the CFA level 1 exam. Once you have done a few practice exams, you can crack the actual exam easily.

  1. Pass Guarantee:

This is the most unique offerings of AnalystPrep! This plan ensures you total protection for the amount you pay for the study materials to prepare yourself for the CFA exams. It assures you with premium membership status till you crack the CFA main course. Until then, you can take advantage of this Pass Guarantee and scheme and redeem its advantages even though you have only paid once!

Overview of the CFA Institute Exam

The CFA exam is organized by the Chartered Financial Analyst Institute every year at centers around the globe. There are three levels of exam to be completed sequentially, but one at a time. Level I can be taken twice a year while levels II and III are only offered once a year.

CFA Prep Overview

Preparation is the most important aspect of taking any exam. Every candidate for an exam knows that adequate preparation is key to success in that exam. Thus, the importance of adequate preparation before any exam cannot be overemphasized, the CFA exam not being left out.

The CFA Institute understands this great need for preparation and thus established the Approved Prep Provider Program. This program was created in order for prep providers to be able to provide better products, services and programs. There are guidelines and standards set by the CFA Institute. The various prep providers taking part in the program are obliged to follow these high standards and set rules in their communications and promotions to candidates.

Proper study of the CFA Program curriculum, studying and understanding the learning outcome statements (LOS), and taking the mock exam and topic tests, are not necessarily enough to adequately prepare a candidate to take the exams. Some candidates also gain a lot from the use of exam prep courses and/or notes of review.

CFA Institute (CNW Group/CFA Institute)

Prep Providers

There are online prep providers and in-person prep providers. Some approved in-person prep providers, by country, include:

 

Central Africa

Quartic Training

Kaplan Schweser

 

Greater China

FTMS Training Systems (HK) Limited

Chainshine Financial Training

 

Middle East

Excellence Training Centre

Capital Knowledge

 

North Africa

Morgan International

 

North America

Exam Success

BullishBear Finance

 

South America

FK Partners

 

South Asia

ICICIdirect Centre for Financial Learning

EduPristine

 

Southeast Asia

Fitch Learning

AFTC Training Consultancy and Investment Ltd.

 

Southern Africa

Financial Training Solutions

Edge Business School

 

Western Europe

CfBS Center for Business Studies

BPP Professional Education

You could also look at AnalystPrep. AnalystPrep is a CFA prep website that offers low-cost alternatives to in-person providers. To know more: https://analystprep.com

Becoming an Approved Prep Provider

Purpose

The reasons for the creation of the approved prep provider program include:

  • Improvement of the ways and methods of communication to candidates as well as potential candidates, educating them about the value and rigorous standards of the CFA exams.
  • To enable prep providers, have the latest information concerning trends of candidates and various changes, with regards to operation, in the structure of the programs.
  • To make sure that, the high standards of communication concerning the supporting role of products, offered by prep providers to prepare a candidate for an exam, is uniformly compliant.
Requirements/Eligibility

Participation in the Approved Prep Provider Program is open and voluntary. Prep providers have to create their own content and must agree to all terms and conditions of the program. Providers must also directly be in control of the content as well as related messages regarding their product.

Benefits

Purchase of candidate mailing list, analysis reports of pass rate of candidates, sample questions and Learning Outcome Statements (LOS), are all available and accessible only by prep providers participating in the Approved Prep Provider Program of the CFA Institute.

Important Notes on the CFA Prep for Candidates

It is of great importance for a candidate to find out as much information as he/she can, before making commitments to any prep provider. Here are some important pointers as made available by CFA institute:

  • Since 1995, there hasnt been any release of real level I multiple-choice question by CFA Institute. Also, the CFA Institute doesnt release actual item set questions of Level II and III.
  • The CFA Institute does not partner with any preparatory provider and does not endorse, promote, or warrant the accuracy of the products or services offered by preparatory providers.
  • Candidates are to ensure that the CFA Institute Approved Prep Provider logo is visibly present on supplemental preparatory products, for the identification of participating providers. Candidates and potential candidates should also keep in mind that the best source of information on the CFA Program is always the CFA Institute.