- CFA Exams
- General Forum
- Topic: How to Study for the CFA Exam
|Author||Topic: How to Study for the CFA Exam|
|I recently interviewed a Chartered Financial Analyst (CFA) Charter Holder to gain some insight into how to best study or prepare for a CFA exam. Here is what he told me:
1. Start early - CFA program tests are designed to test your breadth of your knowledge as opposed to the depth. Study guide provided by Chartered Financial Analyst Institute (the textbook you receive when you register) is over 2000 pages long. So, give your self good 6 months of preparation if you are currently working or going to school.
2. Get support- Create study group. Get support and motivation. Three years of dedication takes lots of patients and motivation, so get together with your fellow test takers and pull each other through this tough journey.
3. Study each book thoroughly- Every single page of it counts. No, every single paragraph counts. It seems CFA loves to test you on topics that majority of people think it is less than important. As you progress towards level II and III this principal becomes more significant.
4. Do lots of practice questions- Purchase question banks. Search online for past exams.
Just as SAT and GMAT, being smart and knowing material doesn't necessarily lead to higher score. Practice tons of questions and be a good test taker.
5. Find balance between your life and CFA preparation- Everyone knows preparation for CFA designation is extremely time consuming. I've heard people complaining that they can't find anytime for their family or leisure. Although, it is important challenge, it is never worth it if this challenge compromises quality of your life.
|just want to know something after i finished the reading of 1 book inorder not to forget the LOS is continuing practice MCQ questions the only way to retain what i learned. IF so how many hours per day for MCQ questions thanks in advance.|
|how do i start?|
CFA Discussion Topic: How to Study for the CFA Exam
I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.