Once you decide on pursuing the CFA Charter, the next time is to plan your study preparation. Although the CFA curriculum is regarded as a self-study course and candidates have been found to pass the exam without any coaching classes, it is always beneficial to enrol into study centres if time and resources permit you to do so. With the right combination of regularity, dedication, and hard work, one can easily crack the CFA exam and while self-study can be a suitable option for some candidates, enrolling yourself in a coaching class can ensure that you have the right mentors and guidance to help you perform better.
Benefits of a Coaching Class for CFA Preparation
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Even though a lot of relevant material is available online in the form of articles and video lectures about the CFA curriculum, there is no alternative to pen and paper learning. Coaching centers help you understand the relevant concepts in a clear and concise manner, and the physical presence of teachers allow you to solve your doubts then and there which ensures greater understanding. Studies have shown, passive learning involving video series or other modes that aren’t interactive have less than 30% retention rates, while real interactive lectures and blackboard handwritings have a good recap click.
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Coaching is extremely useful for working professionals, who are looking to take the CFA exam but have time and availability constraints. Most of them have hectic working hours and in many cases, they delay their preparation until the last moment which is not an ideal situation. Many coaching centers have specific weekend batches catering to this issue so as to allow working professionals the chance to balance their work commitments and study requirements.
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Another advantage of attending coaching classes is that a lot of coaching institutes these days employ industry professionals as their teachers and regularly hold interactive sessions with them. Not only this can help one in gaining a practical understanding of the theoretical concepts, but it also acts as a networking opportunity to interact with people who have the required expertise, which can prove to be advantageous in nature for the candidates in the future.
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A lot of the time the planned study schedule can go haywire due to uncertainties of life, personal issues, etc. Also, a candidate may wrongly plan his study schedule due to lack of experience, which may result in the syllabus not getting finished in time. Thus coaching centres ensure that with regular classes, doubt solving sessions and fixed pattern of teaching, there remains a consistency in your study approach to ensure a high level of preparation come exam day.
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Institutes facilitate group learning which can be very useful as students can learn from the doubts of others as well. In addition to this, research has shown that people respond better to peer learning. Healthy competition can also act as a motivation for students to work hard and improve their performance.
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With the help of mock tests and subject-wise assignments, test centres can help identify weak areas and assist in exam preparation. Many coaching institutes analyse the students test performance and provide guidance and feedback. All this assistance can help you plan out your strategy and be better equipped to handle the challenges.
There are a lot of institutes claiming to be the best, but you must choose the institute that works best for you considering aspects like timings, fees, and faculty. Log on to our website studysid.com to know about the best CFA institutes in your area.
