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The CFA exam cannot be termed easy from any angle, it covers a wide range of material that requires thorough knowledge and wittiness. To be able to be successful in the exam.
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Summary CFA is one of the most respected and also the most challenging positions in the world, and a CFA qualification exam covers a lot of materials that cannot be studied in a short span of time. It requires both concentration and proper planning to be successful. With the 2017 CFA exam just a few months away, this guide will be handy for students, who haven’t started their CFA Level 1 preparations yet.
The Problem with Mathematics Almost 30% of those who enroll themselves for a CFA exam, struggle with Mathematics. The kind of mathematics a CFA exam contains is not very difficult. It simply tests a candidate’s ability to transform basic formulas and to solve fractions. While it may be simple, this is the section where people lose the most marks. So, it’s always better to master Mathematics, while concentrating more on mental calculation skills.
Lack of Proper Planning The most common reason of failing CFA exams is probably this one. Lack of proper planning generally confuses candidates, making it difficult for them to analyze where to start from, among the volumes of the study materials available. To cope with this dilemma, people need to understand the importance of planning and systematic study. While it is best that you start early, this guide on CFA level 1 study plan can help prepare better.
More Tips: Even if candidates plan to study from the last week of January, the very last month, right before the exam day, they should be dedicated to revisions and paper solving of as many mock papers as possible. It is best to divide the study plan for CFA level 1 into topics, depending on the CFA curriculum.
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