Exam Tips

Would it be a good idea for me to take the CFA Level 1 Exam in June or December?

December! There are such countless reasons why we trust you should take your CFA Level 1 in December instead of June. The first is the most self-evident – in the event that you pass, you can quickly go for CFA Level 2 the next June. Albeit Level 2 is an alternate exam, there is some cover in subjects which will absolutely help. All the more significantly, you will as of now be in "study mode" so returning to the books will be simpler than a more extended break.

Another planning thought is what a December Exam date can mean for the period of time needed to finish every one of the three levels. Pushing it off to June for example, stretch out an opportunity to finish every one of the three levels by in any event a year. For example, on the off chance that you took the December 2019 CFA Level 1 Exam, you could hypothetically finish Level 3 (expecting you pass every one of the three the first run through) by June 2021. In any case on the off chance that you chose to push it off to June 2020, you can't take Level 2 until June 2021, and Level 3 until June 2022. A great deal of life can occur in a solitary year. Why hazard it? Complete it while you have the opportunity.

Finally, consider outside allurements at various seasons - specifically, the climate! As the December exam moves toward the climate entices applicants substantially less than it does in the spring after a long winter. Beside a minor interruption around Thanksgiving, you will not miss a lot of open-air fun (in the event that you live far enough from the equator obviously!). A pleasant warm library is an okay spot to be as you approach the December Exam.

What amount of time will it require to read for CFA Level 1?

Our understudies ordinarily take between 3 to 5 months all things considered. Regardless of whether an understudy has little account foundation, or a college degree in business/money, there are not many that fall outside of the 3 to multi month study range. You may possibly require 3 months on the off chance that you have a profound instructive foundation (E.g., MBA) regarding the matter, a connected work (E.g., Equity Research, Investment Banking, Investment Management, and so on), and adequate investigation time.

On the other side, those with a college degree in a random subject may discover they need more like 5 months (or more at times). On the off chance that you are beginning without any preparation consider giving yourself a multi month head start – particularly on the off chance that you need to learn fundamental bookkeeping and measurements (two troublesome and huge areas).

What would it be a good idea for me to read first for the CFA Exam?

At Professional Exam Tutoring, we generally encourage our understudies to begin with the most noteworthy weighted substance first. For example, for CFA Level 2 Equity is the heaviest weighted so we move that to the front of our understudies' investigation plan. We follow Equity by FR&A, Ethics, and so forth We suggest that you start with the most noteworthy weighted segments for two primary reasons.

In the first place, since they are the main, you would prefer not to "pack" these themes. Examining them when the pressing factor is low will take into consideration better fixation and retention. Second, you need to ensure you hit them early with the goal that you get the opportunity for rehashed "contacts" to the most tried material throughout a more extended timeframe. To guarantee these rehashed "contacts" one thing we work into our understudies' timetables is a mid-plan "midterm" week. If you use us, try to require seven days in late February or March to audit the entirety of the subjects you have concealed to that point. Do that again toward the beginning of April.

It's not difficult to get laser-zeroed in on attempting to overcome the entirety of the material rather than altogether learning it. The issue with this anyway is that when May moves around, what you concentrated in January is ancient history. A couple "midterm" survey weeks (or even days) can have a gigantic effect in holding the substance.