CFA Exam: A tough nut to crack
CFA or the Chartered Financial Analyst program is a professional program and is one of the most coveted programs in the world. The reputation of CFA is exceptionally credible and that is the reason the exam is a little difficult to excel in. The global accreditation attached to the program also adds to the high repute. A number of candidates sit for the exam but only handfuls are selected. The pass rate is extremely low and it takes about four years to complete the charter. The areas of expertise of CFA holders include investment banking, financial analysis, stocks, bonds, shares and other financial aspects. A lot of leading firms value CFA over MBA which again speaks volumes about the credibility of the program.
The pattern of the exam
The basic prerequisite of the program is an undergraduate degree from a recognised institute. Alternately, qualified work experience in a relevant finance and decision making field can be considered. The span of the exam process is about three years wherein the candidates take one exam per year. The length of the exam is tedious and can be very challenging and daunting. Only after four years of professional work experience and success at all three attempts, does a candidate receive the CFA Charter. The underlying and unwavering principle is the requirement of serious dedication and commitment to even think of giving an attempt
Tips for cracking the exam'
While it goes without saying that one must be focused and have clearly demarcated career goals, striking balance between long working hours and CFA preparation deserves accolades. The candidates are required to practice more and keep their calm at all times. Also, start early and tap the enthusiasm levels as soon as possible. Effective planning and strategising can take you a long way. Also, do not forget to work on your speed and accuracy. This is the distinguishing factor between you and other candidates.
Why buy CFA books online at Amazon
While we have just touched the tip of the iceberg by listing some generic ideas to help you nail the exam, it is always a better idea to seek professional intervention. Before you think of enrolling yourself in a coaching institute, wait a minute and explore the galaxy of resources available at Amazon. These not only save you money because of the moderate prices but also spare you the trouble of jostling between work centres and coaching classes wasting much of the valuable time. There are a number of books by charter holders that have practice questions, mock tests, formulas and methodology and also tips for successfully passing the exam. The titles can give you an inkling of what is in store for you. Wiley Study Guide for 2015 Level I CFA Exam: Complete Set, Comprehensive Formulas for the CFA Level I Exam: Volume 1, CFA Level 1: Question Bank, CFA Level 1: Practice Examinations, Ethical and Professional Standards and Quantitative Methods: Volume 1 - Level 1 - 2009 (CFA Program Curriculum).