Do you know there are only a handful of CFA certified professionals across the world? To be more precise here; here are only 120,000 certified CFA professionals in the world! Well, the reason is simple; The CFA course is challenging and the aspiring candidates often fail to get proper or required guidance to prepare for CFA practice exams. This article will teach you how to be one of the 120,000. How? By teaching you how to crack the CFA Exam.
Reports clearly say that only a handful of the candidates finally end up with their dreams of becoming a certified CFA professional. But then, the main question still remains unanswered; is CFA really so hard to crack?
Well, if you look closely, you might feel the same, but the reality is entirely different! CFA is undoubtedly a tough course, but if you do your CFA prep well, you can crack it easily. Let’s have a detailed look at CFA exams and how to crack the CFA Exam.
Rules and Guidelines to Fulfil While Applying for the CFA Exams
- Candidates appearing for CFA exams must fulfil certain conditions to enrol them with the CFA Institute. Here are the four mandatory conditions you should follow while preparing for the CFA level 1 exam:
- You must have prior work experience or 48 months (4 years) while applying for CFA exams. To note here, this work experience will be validated by the CFA Institute.
- You must clear all the CFA exams in sequence without missing any of them.
- Before applying for CFA exams, you must become a member of the CFA Institute and apply for membership in the CFA Society.
- CFA Institute decides all the rules and guidelines that must be followed compulsorily. This includes the CFA Institute Code of Ethics and Standard of Professional Court.
Levels in the CFA Program
One the completion of three levels i.e. I, II, and III, the CFA program is cleared.
All these levels are conducted annually one after the other and can be appeared sequentially. Candidates aspiring to become certified CFA professional must not miss any of these levels. However, while preparing for the CFA practice exams, candidates should keep in mind that CFA Level 1 can give them the most challenging time! Since this stage brings in several unknown aspects, CFA Level 1 should be taken seriously.
Why CFA Level 1 is Considered Tough?
While preparing for CFA Level 1 exams, every candidate gets introduced with some of the newest or unknown topics. Preparing them might sound easy, but once you get introduced to them, you get to know the real challenges. CFA Level 1 includes:
- Financial Reporting and Analysis
- Portfolio Management
- Fixed Income
- Derivatives
- Alternative Investments
Is There Any Easy and Better Way to Prepare for the CFA Exams?
Yes, there is a plenitude of ways to prepare for CFA practice exams and crack the finals with flying colours. In case, you are searching for easy and better ways to complete your CFA preparation, you must opt for trusted and reliable guides and books which are available in the market. With their various exams tips and patterns provided in the books, you can carry out your CFA preps in the most effective ways.
Here are some of the attractive and result-oriented features you can apply
Coaching Classes
As mentioned above, CFA is a course that needs expert guidance and reliable resources. Numerous coaching classes across India are now offering both these features for CFA aspirants at affordable fees. Through coaching classes, you are exposed to systematic study routines, trustworthy teaching methods and counselling from faculty that have several years of experience. Joining coaching classes is a smart option for students considering the above points.
Practice Exams
You can practice CFA mock tests at home. Experts prepare these tests which provide you with effective mock exams that are usually prepared after years of research and study. With these CFA practice exams, you will get a clear idea and in-depth knowledge about what kind of inquiries will be asked in the actual CFA level 1 exam.
