How are Online Classes Helpful for CFA Aspirants?
Believed to be one of the toughest exams in the world, CFA is a tough nut to crack. It typically requires 300+ hours of preparation to be able to pass the exam. The CFA syllabus is a vast and detailed one that comprises contemporary financial topics and tools.
Although, the conventional preparation method for CFA included getting tutored by a professor or financial expert who can provide both theoretical and technical knowledge. But the contemporary preparation is shifted more towards Online classes for cfa level 1.
The online classes are designed keeping in mind the convenience of the aspirants and are crafted to offer an informative yet systematic approach to the extensive curriculum of CFA. What remains an important part of the preparation is the hours of preparation, revision and practice that helps in building a strong base for the topics and helps you perform better.
The CFA Curriculum:
The CFA Institute has designed the CFA curriculum based on contemporary financial tools and topics and examines the aspirants based on that. The curriculum is updated according to the changes in the financial and banking industry so that the aspirants are well-versed with contemporary topics and tools.
The immediate CFA level 1 course includes the following 10 topics:
Ethical and Professional Standards with a weightage of around 15-20%,
Quantitative Methods with a weightage of 8-12%,
Economics with 8-12% weightage,
Financial Statement with 13-17% weightage,
Corporate Issuers with a weightage of around 8-12%,
Portfolio Management with a 5-8% weightage,
Equity Investment with a weightage of 10-12%,
Fixed Income with 10-12% weightage,
Derivatives with 5-8% of the total weightage, and
5-8% weightage of Alternative Investment.
The Format:
The CFA level 1 tests the aspirants on the above-mentioned ten topics. The level 1 exam has two 135 minutes of multiple choice questions. Both sessions have 90 MCQs each that the aspirants need to attempt. However, now the CFA exam is completely computer-based. If the recent notification of the CFA Institute is to be believed, for 2023, the Institute is offering the exams four times.
So, Aspirants, you can now appear for the CFA level 1 exam in February, May, August or November as per their preparation and convenience.
Online Classes for CFA:
Of late, the online courses for CFA are very popular among candidates or aspirants. Since most of the aspirants appearing for the CFA examination are either students completing their graduation or professionals already engaged with a full-time job, offline and time-specific classes become inconvenient for them.
With online classes, they get the privilege of studying at their convenience without having to compromise on anything. They can invest their free time and weekends in the preparation. In addition, they also can prepare from the comfort of their homes without having to travel long distances.
With the travelling subtracted, online classes appear to be more affordable than a normal offline course where you study along with many others and the chances of distraction are much more. Studying from the comfort of the home helps in investing more time in the preparation rather than socialising with others. Contrary to popular belief, the CFA preparation is one such phase when getting distracted or involved too much with others will not be fruitful in the long run.
The CFA preparation demands the complete attention and dedication of the aspirants. The four to six months of preparation should be void of any kind of distraction and one should concentrate fully.
The Online classes for cfa level 1 offer exactly the same. It gives you the liberty to study from the comfort of your home and provides comprehensive study material that could help you prepare well. The online classes are also designed with expert lectures that help you analyse certain financial decisions better and offer visual content that makes the topic easier and relatable.
All these courses are designed with complete expertise and with detailed insight about the curriculum so that aspirants are guided well with the vast and versatile CFA curriculum. Keeping in pace with the contemporary exam format and question pattern, they also design practice papers which are very helpful for the final tests.
However, as an aspirant, you too need to give your complete attention and concentration to the preparation, take time for revision, and engage in solving as many practice papers as possible. It is only with your dedication and hard work that an online course could help you to perform better.
Wrapping Up
Needless to say, the CFA exam is no regular test, it requires comprehensive financial knowledge to successfully pass the exam. When preparing for the CFA exam you should be completely focussed and spare a significant amount of hours to complete, revise, and practice the extensive curriculum.
However, you are not alone in this. There are thousands of candidates, who are trying their luck for a successful financial career and are opting for the CFA exams. And to support all these aspiring candidates and help them in the preparation for the CFA level 1 course, there are many trustworthy and expert online classes.
So, if you are one such aspirant, sign in with any of these online classes and start preparing today.