6 Things You Need to Know Before Your CFA Exam [Updated in 2024]

CFA is accepted in 180+ countries and can land you a job across top finance firms. This course is considered the gold standard of finance for all the right reasons. The role of a Chartered Financial Analyst is gaining more popularity than ever before. While this popularity has led us to some lesser-known facts we weren’t aware of earlier, there are still some facts that are yet to be discovered. If you are planning to embark on a journey towards becoming a Chartered Financial Analyst, these interesting facts are sure to leave you feeling astounded. Wondering what they are? Here’s a list you shouldn’t miss.

Read on to find out the six interesting facts you didn’t know about the Chartered Financial Analyst qualification.

1. The CFA exam is no cake-walk

The CFA exam is one of the most challenging exams in the world. However, the key to clearing this particular exam is a lot of practice and conceptual clarity. You may have heard some rumours regarding the Chartered Financial Analyst course being a comparatively easier course because the level 1 exams are easier. But the truth is, CFA exams are difficult to crack right from the start.

These exams test your understanding of each concept and your ability to apply these concepts and solve real-world problems through them. 

2. Developing a study plan will take you a long way

While practice is important when it comes to the CFA examination, making sure that your practice is going in the right direction is also equally important. Create a study plan which includes attending coaching lectures, practising through the end of the chapter questions, and taking breaks in between to freshen up your mind.

3. The CFA exams are now fully computerised

Gone are the days of writing your exam on paper for hours together. The CFA exams are now fully computerised. The importance of being extremely familiar with your calculator cannot be understated.

Now, it is extremely essential to be familiar with the exam environment and hence it is always advisable to practise on similar systems. To get hands-on experience of working on these systems, you can get enrolled with training institutes Zell Education that extensively coach you for the exam environment and not just the curriculum.

4. You need to keep your calculators handy 

The Chartered Financial Analyst course does include some mathematical subjects. However, the good news is that most of these concepts just require basic maths with an understanding of statistics and algebra. So before appearing for your CFA exams, you must keep your calculator handy beforehand. And to avoid last-moment mishaps ensure that you carry extra calculator batteries with you, in case the power runs out just when you need it.

5. The CFA institute’s learning material is quite dry

Most students who have already enrolled for the Chartered Financial Analyst course will agree that the study material provided by the institute can be quite boring. That’s why you need a coaching institute like Zell Education that offers its own learning material curated by industry experts that understand the real-world challenges and have solutions to them. Moreover, Zell also delivers its lectures through case studies and relevant examples. This makes it easier for you to prepare for your CFA exams and ace all three levels.

6. You can complete CFA in just 18 months

We know it’s a little hard to believe, but it’s true. The average duration of a Chartered Financial Analyst course ranges from two to three years. But you have the option of speeding up your learning and examination process to achieve the degree much earlier.

Contrary to belief, the CFA course can be completed in 18 months. The institute requires you to keep a minimum of 6 months between each exam. If you are someone who has time on your hands to practice thoroughly, you can complete the course within 18 months! 

CFA 2023 Exam Dates

CFA Level 1 Exam Dates 2024

CFA Level 2 Exam Dates 2023

CFA Level 3 Exam Dates 2023

CFA Exam Checklist

The Chartered Financial Analyst course is the most well-recognized financial course in the world and is often considered to be the gateway into investment banking and other finance domains.

This course is globally accepted in well over 180+ countries and can land you a job across all top finance companies. CFA is often considered the gold standard of finance and covers absolutely everything you need to know to create a career in finance.

We know that becoming a Chartered Financial Analyst requires a lot of hard work and dedication, but if you’ve made your choice, we assure you, you’re going places with this highly prestigious degree on your resume. So keep these facts in mind as you make your final decision. If you have recently completed your graduation or are appearing for your final semester, you may be eligible to become a CFA. To know more about the Chartered Financial Analyst course click on the WhatsApp icon at the side of this blog and get in touch with our experts directly.

FAQ

How do I start preparing for CFA?
Since CFA is a tough course to clear, you’ll need a coaching institute like Zell Education that will help you with the preparation for your CFA exams. Once you’ve enrolled for the right coaching program, practice and persistence are key to passing the exams.

Is the CFA course worth pursuing?
CFA is one of the toughest accounting courses to crack, but it is also an in-demand profession with high earning potential.

Why is the CFA programme so hard?
CFA requires time commitment, patience and hard work which can often get difficult for those who want to fast-track their career.

Which level of CFA is the toughest?
As per several CFA charter holders, Level 3 of the CFA exam is considered to be the toughest.

Partham Barot is an ACCA-certified professional. showcasing his expertise in finance and accountancy. he’s revolutionising education by focusing on practical, real-world skills. Partham’s achievements underscore his commitment to elevating educational standards and empowering the next generation of professionals.