A:

Many of the candidates preparing for their upcoming CFA exam are working full time and trying to balance an adequate amount of study time with personal matters. These challenges make it tempting to find shortcuts or alternatives that might alleviate the overwhelming task of scouring through a ton of reading material. In previous years, CFA candidates were provided a list of textbooks to purchase that cost a significant amount of time and money. However, in 2007, the CFA Institute introduced their own set of six study guides that replaced the required textbook readings. Future changes can also be expected, since the CFA institute will be including their study guides and one online sample exam with registration fees for exams in 2008 and beyond. Click here for more on CFA Institute's bundled curriculum.

There are many alternative study guides and quizzer programs available to candidates from other companies that could reduce the amount of study time required. Keep in mind that your learning style, past education, and work experience will determine which mode of exam preparation is best for you. If you have a bachelor's degree in a subject other than finance or accounting, or have little experience in the financial field, you may need a longer and more intensive preparation. This is because you will have to learn the basic concepts before learning the more complex topics that are tested on CFA exams.

In determining which exam preparation method is best for you, you can also join a CFA candidate forum. In this way, you can ask CFA candidates at various levels what study materials and methods were the most helpful in their learning experience.

Additionally, there may be a CFA candidate study group in your area. Try a search on www.Google.com for CFA study groups in your city. Since the CFA program is global, you have a high chance of finding such a group that is close to you.

RELATED FAQS
  1. My scores on the Series 63 average a passing grade, but the testing center said I ...

    Learn more about the Series 63 exam. Discover how the exam is graded, what factors might cause an unexpected result and who ... Read Answer >>
  2. How much time can I expect to spend on studying for the Series 63 exam?

    Find out more information about the Series 63 exam policies. Learn how to study for the exam and where to obtain relevant ... Read Answer >>
  3. I gave an answer on the test from my study guide that was scored wrong on the Series ...

    Learn more about potential causes of differences between the Series 63 exam and study guide questions. Find out how new questions ... Read Answer >>
  4. How long is the Series 63 exam?

    Find out more information about the Series 63 exam questions and how much time is provided during the test. Learn more about ... Read Answer >>
  5. What is the best way to study for the series 63 exam?

    Learn more about the content of the series 63 exam and how candidates should prepare for the test. Find out about potential ... Read Answer >>
Related Articles
  1. Financial Advisor

    How Hard are the CFA Exams?

    Learn about the difficulty of the CFA exams with a description of the tests, some statistics on pass rates and suggestions that can help you pass the exams.
  2. Financial Advisor

    Pass Your CFA Exams on the First Try

    Become one of the elite who pass these exams by using these simple study methods.
  3. Personal Finance

    Prepare For Your CFA Exams

    Find out how to get yourself ready for these lengthy and often daunting exams.
  4. Personal Finance

    How to Ace the CFA Level I Exam

    Prepare to ace the CFA Level 1 exam by studying systematically.
  5. Personal Finance

    What To Do If You Failed Your CFA Exam

    Follow these steps to increase your odds of passing your next CFA exam.
  6. Financial Advisor

    Tips on Passing the CFA Level I on Your First Attempt

    Obtain valuable tips and helpful study instructions that can help you pass the Level 1 Chartered Financial Analyst exam on your first attempt.
  7. Personal Finance

    Becoming A Chartered Market Technician

    The CMT certification involves three tough exams. Find out what you need to do in order to pass.
  8. Financial Advisor

    Tips For Passing The Series 6 Exam

    Find out what you can do during the test to make sure you get a passing score.
  9. Financial Advisor

    The Best Training Programs For CFP Exams

    The competition to become a financial planner is hot, and growing hotter. Find out the best way to preparing to land the CFP designation.
  10. Personal Finance

    What To Expect On The CFA Level I Exam

    Becoming a chartered financial analyst requires the passing of three grueling exams covering an array of topics.
RELATED TERMS
  1. Series 66

    An exam administered by the Financial Industry Regulatory Authority ...
  2. Chartered Financial Analyst - CFA

    A professional designation given by the CFA Institute (formerly ...
  3. Series 7

    A general securities registered representative license administered ...
  4. Series 26

    A securities license entitling the holder to register as a limited ...
  5. Series 34

    An exam required for individuals seeking to engage in off-exchange ...
  6. Series 63

    A securities license entitling the holder to solicit orders for ...
Trading Center