To become a certified financial analyst, one must pass the corresponding exam. There are different levels to the exam and each takes its own unique set of preparations going into the situation.
If you want to know how to prepare for the CFA exam, it isn’t as tough as it seems. A couple of simple tips will ensure that you are on the right track from the start.
Take Breaks
While it seems like there is an infinite amount of information to take in, it is important to not cram. Cramming doesn’t help you retain information and ends up taking more time and effort than anything else.
To properly prepare for the CFA exam, breaks are necessary. Mix in a 30-60-minute break from time to time. Not only will it keep you from stressing out over the content, but it will also keep you from getting overwhelmed.
Focus on the Concepts
One of the simplest mistakes when trying to prepare for the CFA exam is solely focusing on the math components of the exam. That said, the exam is becoming more and more conceptual. Focus on the most relevant formulas and common-sense applications because these are what you will need most.
There are some formulas that you can skip outright. It’s very similar to focusing on the most relevant topics on the exam. You can trim out some of the things that you need to remember and ensure that you know the essentials.
