Award-Winning CFA Test Prep in Phoenix, AZ

If you are interested in taking the CFA, you may want to reach out to Varsity Tutors to sign up for Phoenix CFA prep. The CFA, or Chartered Financial Analyst, is a credential granted by the CFA Institute. The credential indicates that you have a strong understanding of advanced investment analysis and portfolio management skills. There are 3 different levels of the CFA, and each must be passed in order to take the next. You must have a bachelor's degree or have four years of work experience in an investment setting to qualify to take the first exam. The CFA covers a lot of concepts in the investment industry, so completing a review of these concepts can be helpful as you prepare for the exam. If you could use extra assistance with this review process, you should sign up for Phoenix CFA prep.

What concepts can be reviewed during Phoenix CFA prep?

The Level 1 exam contains 240 multiple choice questions and you will have a total of 6 hours to complete it. The Level 2 exam has 120 multiple choice questions, 18 vignettes with 6 questions each, and 3 vignettes with 4 questions each. Finally, the Level 3 CFA contains between 8 and 12 essay questions and 11 vignettes. The curriculum is updated for every exam cycle, but all three levels of the CFA focus on financial reporting and analysis, ethical and professional standards, and equity investments, among other concepts.

Reviewing concepts for the exam plays an important part in preparing for the CFA, but it can also be useful to develop strong test-taking strategies. One strategy involves time management. This skill can ensure you move quickly enough to answer every question while also ensuring you aren't moving so fast you make mistakes. It can be wise to skip the more difficult questions and come back to them later. This can help with managing your time by eliminating incorrect answers quickly. This can help with time management while also giving you a better chance of guessing correctly on questions you don't know.

As the CFA contains different types of questions, it may be worthwhile to use several different study methods. The way you prepare for multiple choice questions may not be the way you want to prepare for short answer or essay questions.

What are the advantages of the different types of Phoenix CFA prep?

There are two types of CFA prep: a Phoenix CFA prep class and private instruction. Many students choose one option, but there are students who choose both. Whichever option you choose, you can receive guidance from a knowledgeable instructor.

If you prefer studying with other students, you may want to sign up for a Phoenix CFA prep course. CFA prep courses are similar to traditional courses because you can work with an instructor and other students. Your instructor can review relevant concepts with you and you can break into groups with your classmates to hold discussions. Class discussions can provide insight into how your peers approach studying and investment. This could be especially helpful on the short answer and essay questions because you can go over different ways of viewing various concepts. Additionally, if you are confused about a topic, you can request to meet with your instructor after class to ask questions.

If you prefer personalized studying, you might want to connect with a Phoenix CFA tutor. Private instruction can give you more flexibility in regards to the concepts you focus on. So if you are having trouble with quantitative methods, you can spend more time studying that topic and less time studying topics you already know. Your instructor can also adapt the way they teach to fit with your learning style. For example, if you are a visual learner, they can provide diagrams. If applicable, your instructor might also go over strategies for writing the essay questions on the Level 3 exam.

How can I get set up with Phoenix CFA preparation?

Whether you are a student at the University of Arizona or Ottawa University-Phoenix or are already a working professional, you likely have a hectic schedule. You may have school, work, or other responsibilities that take up much of your time. But Phoenix CFA prep can help because it is available online. You never have to worry about commuting to your session because you can attend it from wherever you have an internet connection. If you could use some assistance as you prepare for the CFA, you should contact Varsity Tutors today.