With the number of prep providers increasing, candidates are often left with a bewildering array of choices. We’ve put this guide together to give you a heads-up on the factors you should be considering when choosing which CFA Program prep course is the best fit for you.
Recommendations of Friends and Colleagues
Do you know people who have successfully studied for the CFA CFA Prep material examinations? Your first port of call should be to speak to these people. Ask them about the CFA Program study material they used, and how they felt it prepared them for exam day. If you don’t know anyone personally, check with your local CFA Society to see if any of their members would be willing to share their experiences.
History of the CFA Program Prep Provider
Some prep providers have been producing CFA Study Notes and question banks for decades, while others have only just entered the market. Experience for a prep provider is essential, as it ensures that their products are tightly honed through the years to be the most effective for exam preparation. A full understanding of the CFA Institute examination process only comes with years of experience. You don’t want to be studying with a provider who is still learning themselves.
Number of Faculty Members Who Hold the CFA Charter
Check to see if the authors of the materials actually hold the CFA designation. Believe it or not, some vendors rely on authors who have not actually sat for the exams. This goes for the people leading your classes, too. You want your materials and instructors to have successfully navigated the exams themselves. You can’t rely on somebody who has not actually mastered the exams themselves to advise you how to pass.
Ineffective study practices are the source of a lot of candidate failure. This is often due to candidates reverting back to university study habits, namely reading and note-taking. Learning science tells us that these methods are very ineffective ways to study for the CFA Program examinations. Look for a provider who incorporates the insights from learning science into their products. When you hear 300 hours of study are required per level, remember that it needs to be effective study.
CFA Question Practice
Learning methodology takes us nicely to point five, which is the availability of practice questions and practice examinations. Learning science shows us that the most effective study technique, by some margin, is question practice. You must ensure that your chosen provider can offer you plenty of question practice.
CFA Program Mock Examinations
Mock examinations provide what learning scientists call interleaved learning. Put simply, interleaved learning means testing yourself on all areas of the curriculum, rather than just focusing on one at a time. This is shown to significantly aid in retention. One of the greatest challenges of the CFA in Middle East Program is covering the volume of material effectively.
Classroom CFA Charter Education vs. Online Education
Many candidates like to use online courses. They speed up technical understanding and ensure you remain on track with your studies. If you keep up with the class, you should be properly prepared with time to focus on practice exams. Other candidates feel they learn best in a traditional, structured classroom environment.
Volume of Study CFA in Saudi Arabia Candidates
The number of candidates using a particular prep provider can be a significant indicator of quality. More candidates means more feedback for the CFA Program prep provider to develop and refine their study products. Additionally, some providers allow you to compare your practice exam results online to everyone who has taken that exam. More candidates means more data, and more accurate comparisons.
Hard Copy vs. Electronic CFA Program Study Materials
Some providers only provide their study materials in an electronic format. You need to ask yourself, “Do I really see myself studying 300 hours or more looking at a computer screen, especially if I am staring at one at work all day?” Look for a provider that offers the flexibility of both hard copy and online materials so you can choose the blend that fits your study preferences.