Better Ways to Prepare: CFA Practice Exams

December 20, 2016
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Ever though why there are only a handful of certified CFA professional across the world? To be more precise here; here are only 120,000 certified CFA professionals in the world! Well, the reason is simple; CFA course is itself a challenging course and the aspiring CFA candidates often fail to get proper or required guidance to prepare for CFA practice exams.

Reports clearly say that only a handful of the candidates finally end up with their dreams of becoming a certified CFA professional. But then, the main question still remains unanswered; is CFA really so hard to crack?

Well, if you look closely, you might feel the same, but the reality is entirely different! CFA is undoubtedly a tough course, but if you do your CFA prep well, you can crack it easily. Let’s have a detailed look on CFA exams and how you should prepare yourself effectively for the exam.

 

 

  • Rules and Guidelines to Fulfil While Applying for CFA Exams:

Candidates appearing for CFA exams must fulfil certain conditions to enroll them with the CFA Institute. Here are the four mandatory conditions you should follow while preparing for the CFA level 1 exam:

  1. You must a prior work experience or 48 months (4 years) while applying for CFA exams. To note here, this work experience will be validated by the CFA Institute.
  2. You must clear all the CFA exams in sequence without missing any of them.
  3. Before applying for CFA exams, you must become a member of the CFA Institute and apply for a membership in the CFA Society.
  4. CFA Institute decides all the rules and guidelines that must be followed compulsorily. This includes CFA Institute Code of Ethics and Standard of Professional Court.

 

  • Levels in CFA Program:

The CFA program can be completed by passing the three levels. These levels include:

  1. CFA Level 1
  2. CFA Level 2
  3. CFA Level 3

All these levels are conducted annually one after the other and can be appeared sequentially. Candidates aspiring to become certified CFA professional must not miss any of these levels. However, while preparing for the CFA practice exams, candidates should keep in mind that CFA Level 1 can give them the most challenging time! Since this stage brings in several unknown aspects, CFA Level 1 should be taken seriously.

 

  • Why CFA Level 1 is Considered Tough?

While preparing for CFA Level 1 exams, every candidate gets introduced with some of the newest or unknown topics. Preparing them might sound easy, but once you get introduced to them, you get to know the real challenges. Some of the topics that are covered in CFA Level 1 includes:

  1. Financial Reporting and Analysis
  2. Portfolio Management
  3. Fixed Income
  4. Derivatives
  5. Alternative Investments

 

  • Is there Any Easy and Better Ways to Prepare for CFA Exams?

Yes, there are a plenitude of ways to prepare for CFA practice exams and crack the finals with flying colors. In case, you are searching for the easy and better ways to complete your CFA preparation, you must opt for trusted and reliable guides like AnalystPrep. With their various exams package, you can carry out your CFA preps in the most effective ways.

Here are some of the attractive and result-oriented features offered by analystprpe.com:

 

  1. Practice exams

Analystprep.com boasts of being one of the most reliable and trusted guides for CFA practice exams. Their experts provide you with effective mock exams that are usually prepared after years of research and study. With these CFA practice exams, you will get a clear idea and in-depth knowledge about what kind of inquiries will be asked in the actual CFA level 1 exam.

 

  1. QBank:

On availing the question bank provided by analystprep.com, you would get the insights about what could be the probable questions in the exam! These practie questions are prepared by finance experts throughout the world and they concentrate mainly on the previously asked questions and the best topics to be followed in the following years.

 

  1. Guarantee Policy:

Unlike other CFA guides, analystprep.com assures you total value for your money and time. Once you sign-up for their Premium package, you qualify for a premium status that enables you to take the advantages of their various programs until you clear your CFA exams!