7 Tips For CFA Success

The pressure is on the thousands of candidates who are preparing for the examinations at one of the three levels of the Chartered Financial Analyst (CFA) in India alone.

The pressure is all the higher as success rates are traditionally low at around 40 percent. However, it is rumored that the success rate in Germany is much better. In India, it would hardly look different. In any case, what can be done to increase the chances of success? We have compiled the best tips.

Do not commit stupidity

The CFA has strict rules on what candidates are allowed to take and what they can not. These should consider candidates. Also, make sure that the data in your registration form matches those in your passport. ID cards are not normally recognized. If necessary, change the batteries of your pocket calculator. And plan sufficient time for arrival.

1. Marathon is more promising than sprint

The CFA Institute recommends that candidates start their preparations six months before an examination and invest 300 to 400 hours. This is why the time has not come for the time to prepare for the junior examinations. Rather, candidates should have already started in December.

2. Plan carefully

The most difficult thing is to stay on the ball and six months are a long period. Candidates must find their rhythm and stay focused. This seems to be the unanimous opinion of all the successful candidates.

In order to avoid pressing yourself before the work, Columelli recommends to reserve twelve hours for the preparation in Outlook every week over six months. If there is a dinner or a meeting, the missed time should be re-entered into the calendar.

3. Find a learning concept that suits you

It's best to use a learning model that has proven itself in previous examinations. Some people work best in the morning, others in the evening. Some like to go to the library, while others work in the office or at home everyone is in his own way.

4. Use all available materials

The CFA Institute provides a lot of materials to help prepare. This includes sample exams before the actual test. You can use CFA guides Mumbai or join CFA forums in Mumbai for more help.

5. Exercise makes perfect

It is important that you answer the questions without stopping and that you understand each question quickly and under examination conditions.

6. Do not let anything out

It is important to know the smaller sections particularly well. This applies in particular to the modules of ethics and professional standards. "A bad grade can endanger the entire test if it was hard on the boundary of and failed."

7. Prepare a strategy