The CFA exam refers to the Chartered Financial Analyst and is a qualification to prove that you are a globally recognized financial expert.
The exams require a wide range of knowledge including stocks, fixed income, derivatives, economics, accounting, quantities, portfolio management and alternatives.
I knew CFA when I was a student and knew from the beginning that it was a qualification for those who are supposed to be number one in the financial world. The CFA exam is divided into three levels, and each level has thousands of pages of textbooks, but each course has well-developed content that allows you to study finance systematically and improve your English proficiency.
It is a valuable learning opportunity to actively participate in the activities of the CFA Association, to interact with respected CFA holders and to participate in the activities of the Association to promote CFA to the world.
It is required to pass the Level 1 to Level 3 examination before qualifying and it is said that only one in five will pass the final examination.
I think it is different for each person, but the amount of research required to find level 2 is much larger than level 1. Level 1 exams have questions in question-and-answer format, so if you understand 60% knowledge, you can solve 60% questions.
On the other hand, the Level 2 exam is presented as an opportunity to collect 5 to 6 questions, so even if you have 60% knowledge, you may not be able to solve the series of questions due to lack of knowledge in a particular field. Level 2 requires a wide range of knowledge in preparing a wide range of possible questions. I purchased the CFA Level 2 test series as research materials.
First, I read through the notebook to get an overall view of the exam contents, but only those who have already started reading are allowed such careful study.
There are 7 notebooks alone and I read them properly. What I read in the beginning may not be the level of knowledge to solve the problem accurately.
If you want to understand it carefully, start reading with plenty of time. If you do not really have time, you are more likely to pass the exam if you complete the exercises even if you do not understand the reason.
After reading through the tips, practice solving the problem in the CFA Level 2 test series.
What I really felt after completing the exam was that it is good not only to understand how to solve the problem, but also to develop the habit of knowing what knowledge the problem is trying to ask.
This is a big difference between solving an organized question book or repeating questions and actually solving exam questions. It is not polite to say that the actual exam questions came from this field. Therefore, it is necessary to determine which knowledge to get from the wide selection range during the exam.
I have summarized my response to CFA Level 2 and how to study it next time. The CFA exam is expensive and takes at least three years to pass Level 3, which is a very difficult choice.
Let’s aim to pass together.