As a CFA candidate, you probably want to pass the CFA Exam as quickly and efficiently as possible. And you probably realize that passing the exam requires both smarts and a real commitment of your time. You need to do a lot of hard work, but there are ways to prepare more efficiently and effectively. Your path to the CFA Charter doesn’t have to be as complicated as you may have heard. Here are five tips to help you pass the CFA Exam:
1. All Things in Moderation
Too much work, too much studying, and too much play can all cause problems for a hopeful CFA candidate. You need to put in the effort, but you also need to step away from time to time. Overdoing any activity could bring you to the point of diminishing returns.
When preparing for your CFA exams, it is important to balance your schedule to avoid common issues like burnout or sleep deprivation while maintaining a robust study schedule and high performance at work.
Our CFA exam prep, featuring 2,000+ instructive questions covering all learning outcome statements (LOS), plus a Mock Exam, gives you everything you need to pass the Level 1 CFA® Exam within 90 days. Whether you study in spurts or take a more paced approach, we can show you what you need to cover, how much time to spend on it, and how you’re progressing toward your goal.
2. Use Spaced Repetition
There may not be “only one way” to study, but there are some methods that are better than others. For example, spaced repetition is scientifically proven to be one of the most effective ways to study, especially for the CFA Exam.
What is spaced repetition? It’s not as foreign of a concept as you might think. You have seen spaced repetition in action with study methods like flashcards or when your college professors told you to go home after class and rewrite your notes. These are just variations of spaced repetition.
The concept of spaced repetition is that our brains learn and recall information better if that information is presented to us in multiple sessions over time. Applied to the process of studying, it means that instead of cramming and memorizing facts, the human mind can learn concepts more thoroughly if it encounters the date in frequent increments over a longer period.
Our CFA study course is built around the science of spaced repetition to help you learn better, quicker, and with less effort. Our digital flashcards are the perfect way to study via spaced repetition no matter where you are – at home, at work, on the bus, anywhere.
3. Study Smarter, Not Harder
It doesn’t matter how you study if you aren’t learning the most relevant information. Our CFA Exam experts continually review and update the information in our course to ensure that every section is relevant and up to date.
Also, we designed our platform to give you precisely what you need to pass the CFA exam—nothing more, nothing less. Our in-depth explanations, paired with straightforward illustrations and images for correct and incorrect answers, give you a better understanding of difficult CFA concepts.
Our unique active-learning platform focuses on practicing instead of long video lectures and books that become quickly outdated. Study the right topics in the right proportions and avoid wasting your time!
4. Get a Support System
When you are going through a challenging journey like the CFA Exam, you are always better off with a support system around you when things get difficult. Tell your friends and family about your goals, the obstacles that lie ahead, and the support you will need from them. Let them know before you begin, so they are prepared and proactive in giving you the assistance you may need.
When you are down in the trenches, reach out when you need help. Maybe you just need a quick phone call to take a little study break, or you need a moment to vent over coffee or just some good old-fashioned fun. Whatever you need from your support system, don’t be afraid to ask for it.
5. Take Care of Yourself
You’ll need to spend a significant amount of time preparing for the CFA Exam. If you have a job, you will still need to work, but hard work does NOT mean neglecting your mental health. Try to get enough sleep. Say no to other commitments if they will overload your schedule or give you more anxiety.
Communicate with your support system as often as you need but always make time for yourself—exercise, meditate, listen to music, whatever it is that recharges your mental batteries.
After all, the whole point of earning the Charter is to better yourself, your career, and your livelihood. Again, the road to becoming a CFA Charterholder is long and arduous, but we hope that you find these five quick tips helpful to prepare for the CFA Exam efficiently.
Use these CFA Exam tips to optimize your chances of success; click here for a FREE trial of our CFA Level 1 Learning Platform.