Commitment trumps everything
Are you committed to pass the June 2016 CFA level 1 test? If so, you might want to have a look at the FEA Elite class of June 2016, a progress group of like-minded candidates committed to hold each other up to a higher standard than the average candidate and pass the test.
This is the first in a series of 3 key steps that serve as the foundation for creating a successful study plan to pass the June 2016 CFA level 1 test.<read more>
Study harder than average
The second big question that you need to answer in order to create an effective CFA level I study plan is how much time are you able to commit to your studies? The CFA institute publishes a number indicating the average number of hours used by candidates in the program. As we covered in step 1. This is not a program that rewards average performance. More than half of the candidates that sit each test fail, and less than 10% of candidates pass all three tests in their first attempt. When faced with these odds it should be obvious that you need to put forward more than an average effort to have a good chance of passing the test.
There is really only three ways to get an edge on the competition: (1) study harder, (2) study smarter and/or (3) be more qualified to begin with. <read more>
Study smarter than average
Now, in the 3rd and final article of our 3 piece series, it is time to discuss exactly what to do with your time to increase your chances of success.
There are a couple of very simple steps that if implemented will make a massive difference in your performance: (1) consider using a study guide (2) focus on ethics (3) create flashcards (4) revise EOC questions in detail (5) create a weekly study plan and make sure you don’t slip behind. <read more>