Don’t Kill your Brain Cells post CFA Exams, take these 3 Tips instead!

After spending hundreds of hours to clear a high-stake, globally recognized CFA exam, you might find a big relief. But the relief makes sense only if you have cleared all three levels of CFA exams. Completing just one or two of the total 3 levels would make you grumble about the forthcoming level(s). However, completing one level is itself an achievement and you deserve a treat! But make sure that your party does not conquer your brain cells as the information that you learned at every level adds value by giving you a great kick-start in preparing for the next level.

Start your preparations early

CFA level 2 is one of the most difficult parts of the 3-level CFA exam. Level 2 CFA syllabus deals mostly with quantitative analysis and is a critical part of your future level 3 exams. Since the pass rate for CFA level 2 stays at 43%, preparations will take a long time. CFA level 2 is something very unique as it descends from the general CFA level 1 to particular level 2 where it mainly focuses on investment and asset valuation. You would also learn about investment tools whose practical applications can be realized in Level 3 exams. Since the level 2 CFA exam consists of two parts of 4.5 hours together, you need a tight study schedule as level 2 needs time.

Exercise before CFA level 1

One of the smartest approaches to ace the dreadful CFA exam is to subscribe to the Schweser-Miles Original CFA Study package. A highlighting feature of the original study package is that it has concise summaries and notes designed by leading world-class industry experts to help you retain what you tested on core concepts. Masterclasses and online sessions by experts would also help you progress logically and follow a sequential learning methodology so that you do not miss out on concepts while advancing to the next level. The package also includes practice questions, an exam planner, and mock exams to help you retain information for a longer time. One of the flaws that students at this stage tend to do is to procrastinate rather than prepare well ahead of time. CFA level 2 needs at least- months of prior preparation and those who don’t try to download or photocopy substandard CFA materials online which ultimately results in failure or low scores. Hence to increase the chance of passing the difficult CFA exam and progress your levels, you need to have updated and well-informed study material.

Every Level Matters

As soon as you complete the exam of Level 1 CFA, do not discard your study materials as in the case of CFA exams every level of materials are key to progress ahead. Every level of information is a building block for the next level. Since review and revision are two strong secrets to passing CFA exams, previous level study materials become a great deal. It is highly recommended that you study the previous level material before or in the middle of the course of your next level. Taking a lot of reading and writing as Level 2 comprises vignette questions that demand more analytical and judgmental qualities. Group study is also recommended in the interval time between your levels to keep you on track so that you can efficiently crack the next level more confidently.

CFA exams are not easy to crack unless you are prepared. A smart piece of advice is to join the best CFA course in India to get informed leading experts and practitioners in the field. Expert sessions are more valuable as they can help you with sound preparation techniques and tools along with the original study package guidance during the inter-exam period to keep your motivational levels up! A structured exam plan ahead of your exams is always the bottom line.

Miles Education in an exclusive collaboration with Kaplan Schweser is now offering the Best CFA Program study package. Be exam-ready with Schweser online test bank and considerably increase your chances of passing the CFA Level I, II & III exams on the first attempt.