12 Pass Your CFA Exams On The First Try

Handling the CFA (Chartered Financial Analyst) position is a daunting task, and the chances of achieving success from beginning to end is very low; less than 20% people reach the end.

There is no secret language to regulate the CFA program and clearing the test, but a disciplined and organized approach can assist you in clearing the different levels of entrance and ultimately take you to the goal.

The CFA Program

Before proceeding for CFA preparation, it is important to get complete information about the program and its scope. CFA program consists of three levels: The first exam is conducted in both late fall or spring while the level 2 and level 3 are administered in the late spring. After clearing the all 3 levels, the CFA candidate with 4 years of working experience can work as Chartered Financial Analyst in the financial field.

Below are some tips that can help you to clear the CFA exams in first try:

1.    Get organized

• It is estimated that a candidate should study for at least 250 hours to clear the exam. CFA preparation help in Mumbai can be easily obtained with the guidance of professional experts. If the candidate is starting preparation 6 months prior to exam, he should spend 12 hours per week in studying.
  
  
• Once you register for each level, you will be provided with complete curriculum of the exam. Read it thoroughly to get familiar with each topic.
  
  

2.    Develop and effective Study program

An effective strategy will enhance your knowledge and learning skills. To develop an effective program, follow the following tips:

• The CFA Institute explains LOS as “abilities, skills, and knowledge that you should be capable of applying after reading an extract and all linked problems and exercises. If you want to master the LOS, take CFA preparation help in Mumbai from professional experts.
  
  
• One can use homemade flash cards for effective learning procedure. These cards are lightweight and portable. You can carry entire curriculum of CFA on them and quickly review it whenever you want.
  
  
• Use mnemonic devices to recite and practice the words easily, these devices store each word with conceptual meaning.
  
  
• When you practice the quantitative material, emphasizing on problems is an important task. First, study the concept carefully, solve it and do at least 10 questions of the same type. Once you understand the concept of a problem move further. Read qualitative subjects like behavioral finance and ethics prior to solve any questions.