Almost every student feels pressured to pass the coveted CFA Program exam on the first try, which is understandable considering the amount of time and money invested. The exam is relatively expensive when compared to exams in India, such as those conducted by the Institute of Chartered Accountants of India, which demand exam fees in the range of Rs 2000- Rs 3000. Is the exam price the only thing that makes you nervous? The response is categorical no. Exam materials are also not released by CFA Institute, making it even more difficult for candidates to predict how the exam will feel. When you combine a large curriculum with a terrifying 6-hour exam that must be finished in one day, you're likely to be terrified.

 

 

Start studying as soon as possible; you should have nearly six months to prepare for the exam. The objective for starting so early is to familiarize yourself with the curriculum and gain a sense of what to expect throughout the first month. Start preparing by the end of November if you wish to take the exam in June. You should begin preparing by the end of May if you want to take the exam in December.

 

Prior to jumping in and making a weekly calendar for the entire six months, work backwards and create objectives for each of the four months. Because you won't be as comfortable with the subject in the first month, and the last month will be spent mostly on answering test papers or revising, the first and last months can be omitted.

 

 

It's time to become detailed and make attainable weekly goals now that you've defined your broad monthly goals. If you wish to finish high-weight subjects in the second month, what are your plans? For instance, if I want to complete FRA in 20 days, I'll need to read three times every week.

 

 

Almost all of the curriculum requires pupils to understand and know ideas. Once you understand the concepts, putting them into practice is quite simple. If you grasp the theory behind Time Value of Money, for example, answering questions about "Annuity Due" will be simple.

 

 

I had completed around 5,000 questions in preparation for my CFA LEVEL 1 exam. It isn't difficult, believe me! Even if you only finish 30 questions per day, you'll have completed 5400 questions by the time the exam comes around. Because some applicants fail the exam due to insufficient preparation, there is a good probability that you will thank me for this advice later. No prep company can guarantee you the exact content you'll need to pass, and no matter what they tell you, it's ultimately up to you. So, my recommendation is to practice almost 5400 questions while ignoring the mock exams.

 

 

When you've finished one subject and are ready to move on to the next, go back and review the prior subject with questions. This will greatly boost your confidence, and the notions will be permanently imprinted in your mind.

 

 

Begin studying Ethics about two months before the exam and stick to the original CFA material. If you read carefully enough, you'll be able to spot questions from the CFA material in the actual paper.

 

 

You will only get to this point if you have followed all of my previous seven pieces of advice. If you can complete this last step, I guarantee that you will feel confident both before and after the exam.

 

 

Remember that this exam prioritizes knowledge over application. So, till the very end, keep refining all of your notions.

 

 

Do some research on the location of your exam. Is there a good restaurant nearby? Is there a sufficient number of dining options? On exam day, there will be a lot of students around you, and you don't want to be hungry or thirsty for your second paper. For the exam, you might wish to bring some sandwiches and drinks (in addition to your calculator ).

 

 

The exam is designed to make you nervous, but the goal is to pass it. It's fine if you don't know the answer to a question; simply go on to the next one. But keep in mind that there are no negative marks, so come back at the end and give each of those questions your best shot.

 

 

Instead, than focusing on passing the exam right away, keep your emphasis on learning. The advice I just given you is predicated on the idea that you will continue to concentrate on your studies. If it's not absolutely required, don't try to memorize anything. Incorporate some real-world examples and scenarios from the investment business into your studies.