HOW TO CONQUER CFA
AT THE FIRST ATTEMP
Guys, Let’s focus and
get organized, follow the below effective study program to see What did you get?
And What do you need to improve your study?. GOOOOOOOOOOOO!
Key No.1: Get Organized
Start Early
The
CFA Institute estimates that at least 250 hours of independent study is
necessary to pass each exam. In other words, a candidate starting six months
before exam day should plan to spend no less than 10 hours a week studying.
Preview the Material Before Starting
After
registering for each level, you will receive a curriculum that is divided into
about 18 study sessions. Broadly preview each session to determine your
familiarity with each topic.
Develop a Specific Plan
Get out your calendar and determine which weeks you will be studying which
sections. Plot this on Excel, Outlook or a similar schedule-making program.
Schedule your studying so that you finish with all the sections at least one
month before the exam, so you can review. Also, schedule in review days as you
go along.
Key No.2: Develop an
Effective Study Program
Use Memory Techniques
Ø Flashcards
Homemade flash cards
are an effective way to master the material. Flash cards are portable, much
lighter than carrying the entire CFA curriculum with you and can be quickly
reviewed while commuting to work, during a lunch break, etc.
Ø MIND MAPS
A Mind Map is visual
map of your ideas, laid out in a radial format around a central thought. Basing
on the Mind Map, your brain actively makes links between ideas, adds
connections, puts thoughts in order and generates further creative ideas. You,
therefore, will find your ideas simply flow onto the page, making studying more
enjoyable and more fun!
Study Quantitative and Qualitative
Material Differently
When
studying quantitative material, working on problems is important. First study
the concept, then learn by doing these problems over and over again. Once you
understand how to solve a problem, return to the material for further
understanding. Read qualitative subjects, such as ethics or behavioral finance
before working on any problems. Approach these readings as if you were enjoying
a good book. Many ethical problems are scenario-based and easy to read.
Work Through as Many Practice Questions as You Can
Use
the curriculum provided by the CFA Institute to show which problems you must
work on. Enhance your studying by working on additional problems from reputable
exam preparation providers.
Use Your Approved Calculator
Part
of the challenge in passing the CFA exams is the ability to answer questions in
a short period of time. Practicing with the calculator you will use on exam day
will allow you to achieve the greatest efficiency.
Stay Motivated
Focus
on why you are earning your CFA charter and how you will reward yourself after
you take the exam.
Maintain a Healthy Lifestyle
Eat
healthy meals, sleep right, avoid excessive alcohol or caffeine, and remember
to exercise. People who are healthy are better learners.
Key No.3: Review
Finish Early
Finish
covering all materials at least one month before the exam.
Take Practice Exams
Take
these beginning on a Saturday several weeks before exam day and try to
replicate the actual testing environment as much as possible. Time yourself and
allow no interruptions. This will allow you to become used to writing two
three-hour exams in one day. You might also want to invest in a set of good ear
plugs; these will come in handy during the actual exam.
Review all by Mind Maps in the last days
Mind Map is very available to assess your strengths and
weaknesses. Spend these valuable time on looking through at the mind map,
recall the most important information. In addition, you can summarize the main
points for the huge knowledge of CFA.
Sleep Tight
Take
it easy the night before. Lightly review the material, brush up on weak spots
and eat a nice dinner. Pack a lunch for the next day to eat during your
two-hour break. Also remember to pack your calculator, pencils, erasers,
required medications, exam ticket, photo ID and ear plugs. Get to bed at a
decent time.
On Exam Day
Wake up early and eat a good breakfast. Leave
the house in plenty of time to get to the exam. Go over the main concepts in
Mind Map again (if any). And then, JUST BE CONFIDENT!
So, we can see that
MIND MAP is used so regularly from the start to the end. CFA MIND MAP is new,
in fact, but it is becoming more and more popular to CFA Candidates and helps
them get closer to one of the most challenging certificate in the world.
For the CFA candidates
getting CFA exam in general, and for ones getting exams in this December, MIND
MAP is believed to be the most useful and eligible material during your study!
To
have a full understanding about Mind Maps, please follow:
To
get FREE CFA
MIND MAPS, please follow:
And
for some MOCKS,
please follow:
Thanks and Best
Regards!
Tracy Chaplin
Financial Business
Analyst
