You have to pass a very difficult and lengthy exam for each of the three levels for certification for CFA. Prep courses help you review the material that you learn on your own so that you can be better prepared to pass the exam. While the CFA does feel that the materials they supply as part of the program should be sufficient to help you master the course, they do realize that many students require some extra help in certain topics and with a full review just before the date of the exam. If you check the CFA Institute website you will find a list of CFA prep courses that are approved of by the institute.
What is involved in taking a CFA prep course?
You must make sure that you have the time to spend on the CFA prep classes. Otherwise you would just be wasting your money. It is important that you study along with taking a CFA preparation course because you will not gain all the information you need to pass the exam by relying on CFA preparation classes alone. You will have to work around your schedule in order to attend the classes.
Which CFA prep course is the best one for you?
You just can`t take it for granted that every CFA prep course is the same. Different instructors have different teaching methodologies and they often don`t work for all students. It is also important to make sure that the instructors do have the certification as financial analysts because without this qualification you can get anyone to help you with the study and review.
Tips for choosing the best CFA prep class include:
- Check out the course material. It has to match that of the material from the CFA Institute.
- Find out the times that the CFA prep classes are available. It is important that you not have to lose any other class work or take time off from your job.
- Ask about the instructor`s level of experience in teaching a CFA preparation course.