Many times I hear people claiming they have joined the best class available in the city for CFA preparation. And his teacher said he will definitely pass this year if follow the class material. And what backing they have got for it is nothing but CFA level 2 passed candidates teaching in the class, and material generated using different material already available in the market. SO what course material provider one should ask or should he join a class room teaching course so as to increase the probability of passing? Simple answer for it comes from CFA institute itself No course provide appear for exam on your behalf so any material they provide will be best if only candidate use it honestly.
Now coming back to the subject of which material to select, CFA institute states that their survey has indicated average candidates passing the exam needs to put 300 hours of study for every level. So what does this study comprises of? CFA prides calling itself a self study program, and provides every required material along with the course fees. So why one should join a tuition or pay for additional material from external service providers? It i simple because it is personal choice, some people need explicit motivation for studying, these class fit the requirement perfectly. These classes create a peer pressure group which enables a candidate to study hard after a long day in the office. Os for those who needs to have peer pressure group should pursue class room programs. But these program may tend to affect negatively as well, if for some reason a candidate misses large chunk of classes or gets left behind in the study race, he starts feeling negative incentive. He start thinking what is the meaning in studying next one month hard, my friends are already ahead I cannot catch them Even if work hard. this feeling would stop them from making last few efforts which could have been very helpful.
So be careful when selecting a coaching institute, it should match your natural pace of studying. If you can get time only on weekends but cannot concentrate for more than 3-4 hours then better look for very long duration class which provides plenty of months spread for study. And then as it is said the coaching class can take you till well, but you need to drink the water.
For choosing external course material what one should look at. First thing is what is the natural tendency of studying for a particular person. If the tendency is reading for long hours with god habits of studying then probably external service provider is not needed as CFA curriculum is something which will provide every detail needed for the exam. But if you think the syllabus is very large and too repetitive and descriptive then shift to any service provider courses.these books finish fast and frees lot of extra time for practicing the question. But one should be clear that CFA institute never refers to these course providers for preparing the ea papers. So any level of difficulty they may have please select only that material which provides all levels of difficulty.
For level 1, question bank or list may be very useful as it helps to keep the memory of read articles very fresh and re callable. By this way a candidate can be relived from the feeling of reading it first time syndrome while revising.
Level 2 needs more of item set type of questions to make candidate comfortable with the format. By the way of solving more of practice paper sets, the familiarity increases.
We will discuss pros and cons of each of the materials and classes available on the basis of question asked.
Now coming back to the subject of which material to select, CFA institute states that their survey has indicated average candidates passing the exam needs to put 300 hours of study for every level. So what does this study comprises of? CFA prides calling itself a self study program, and provides every required material along with the course fees. So why one should join a tuition or pay for additional material from external service providers? It i simple because it is personal choice, some people need explicit motivation for studying, these class fit the requirement perfectly. These classes create a peer pressure group which enables a candidate to study hard after a long day in the office. Os for those who needs to have peer pressure group should pursue class room programs. But these program may tend to affect negatively as well, if for some reason a candidate misses large chunk of classes or gets left behind in the study race, he starts feeling negative incentive. He start thinking what is the meaning in studying next one month hard, my friends are already ahead I cannot catch them Even if work hard. this feeling would stop them from making last few efforts which could have been very helpful.
So be careful when selecting a coaching institute, it should match your natural pace of studying. If you can get time only on weekends but cannot concentrate for more than 3-4 hours then better look for very long duration class which provides plenty of months spread for study. And then as it is said the coaching class can take you till well, but you need to drink the water.
For choosing external course material what one should look at. First thing is what is the natural tendency of studying for a particular person. If the tendency is reading for long hours with god habits of studying then probably external service provider is not needed as CFA curriculum is something which will provide every detail needed for the exam. But if you think the syllabus is very large and too repetitive and descriptive then shift to any service provider courses.these books finish fast and frees lot of extra time for practicing the question. But one should be clear that CFA institute never refers to these course providers for preparing the ea papers. So any level of difficulty they may have please select only that material which provides all levels of difficulty.
For level 1, question bank or list may be very useful as it helps to keep the memory of read articles very fresh and re callable. By this way a candidate can be relived from the feeling of reading it first time syndrome while revising.
Level 2 needs more of item set type of questions to make candidate comfortable with the format. By the way of solving more of practice paper sets, the familiarity increases.
We will discuss pros and cons of each of the materials and classes available on the basis of question asked.
Great Post! CFA course is an important career option for finance aspirants that is why Best CFA coaching in Mumbai must focus on conceptual clarity.
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