Chartered Financial Analyst (CFA) is a highly prestigious job that promises a rewarding career, good remunerations, and the utilization and honing of demonstrated skills. Those who are keen to build a career as a Chartered Financial Analyst are required to pass the CFA exam. Held in three phases - Level I, II and III, the CFA exams are offered annually at test centers around the world.
CFA Exam: Course Curriculum
The course curriculum of each level of exam is similar but candidates are asked different types of questions. Level I of the exam tests basic knowledge of the ethical and professional standards and consists of comprehension questions focused on investment tools. Level II, however, tests how you apply those standards to real life situations and focus on valuing assets, and level III of the CFA exam combines all the concepts and analytical methods in different applications and tests how you apply this knowledge in a portfolio management and compliance context.
CFA Exam: Preparation Tips
1. Always start your CFA exam preparations early so that you have an adequate amount of time to study and understand the concepts well and further allocate some time in reviewing the CFA Program curriculum, solving the mock exam and utilizing independent exam prep materials.
2. Make a proper study plan so that you can get sufficient time to study each subject thoroughly and jot down important terms, definitions and formulas relating to each one.
3. Students appearing in the CFA exam are required to solve the question in a short period of time.Thus, practicing with either of the two approved models of calculator (Texas Instruments BA II Plus and Hewlett-Packard 12C) will allow you to achieve the greatest efficiency.
4. Try to cover all subjects at least one month before the exam so that you get ample time to solve mock tests and other online assessment tests to assess your strengths and weaknesses.
5. When the exam approaches, make time for yourself. Stay at home, review the topics one by one and allow no interruption.
In addition to following these useful tips, you can even consider signing up for a CFA prep course offered at the Genesis Institute in Dubai. This rigorous and comprehensive program perfectly combines concepts and practices that are meant to train candidates for a rewarding career in the finance sector.
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