Award-Winning CFA Test Prep in Newark, NJ

If you are looking for CFA test prep services to help you prepare for the requirements needed to acquire a CFA (Chartered Financial Analyst) certification, look no further than Varsity Tutors. The purpose of a CFA certification is to provide you with a strong understanding of advanced investment analysis and real-world portfolio management skills. A CFA class can provide you with services and support you need to get ready for this exam. If you've ever searching for "CFA help near me" online, then you may already know how impactful working with a CFA test prep expert can be during your study sessions. Continue reading to learn more about how CFA test prep help can supplement your learning plan.

Why Take A CFA Exam?

The CFA is an increasingly sought after certification because of its importance in the investment industry. Individuals who earn their CFA certification make themselves a more attractive candidate for employment in a variety of jobs within this field. If you earn this certification, then you've also signified to your future clients that you're very qualified to help them pursue their investment goals. In short, most candidates who decide to seek a CFA certification do so because of the potential it has to help them pursue their career goals.

CFA Exam Series Requirements

Before you begin the CFA test prep plan of your choice, it's a good idea to spend some time researching whether or not you meet all of the necessary requirements to take a CFA exam. This can save you the problematic scenario of working through an in-depth CFA test prep course only to find out later that you weren't actually eligible to take the exam at all. Below, you'll read more about what requirements there are when signing up to take a CFA exam.

Before you can take a CFA exam you must meet one of a few different standards for satisfying the certification education requirement. The first way you can satisfy this requirement is by completing four years of professional work experience in the investment industry. If you've done this, then you don't need to worry about meeting any of the other test requirements. You would be able to sign up for your test or your CFA test prep plan right away.

Another option of satisfying this requirement is earning a bachelor's degree or being in the final year of a bachelor's degree program in a relevant field. Or, you can satisfy the requirement through a combination of work experience and relevant educational experience that equates to at least four years in total.

A qualified candidate must also have an international passport, be able to complete the CFA assessments in English, meet professional conduct admission criteria, and live in a participating country. Clearly, then, there are a significant number of requirements in place that you must satisfy before you become eligible to even take the CFA exam. You can get help navigating the CFA certification requirements by signing up for a CFA test prep course with Varsity Tutors.

Breaking Down the CFA Exam Series

The final exam consists of three separate tests. Services and support provided through CFA classes help to expand your understanding of the content found on the exam through one-on-one attention focused on thorough preparation. Continue reading for a more thorough overview of what you'll encounter while taking each of these tests.

On the first exam, you'll be asked to show a basic understanding of topics like financial analysis and reporting, equity investments, economics, quantitative methods, and ethics and professional standards. You'll also need to demonstrate an ability to use investment analytical skills. Level one of the CFA exam series is actually the most difficult to pass, as only 46% of test-takers passed this exam in 2016. The test has 240 questions, which are all in a multiple-choice format.

The second CFA examination focuses primarily on asset valuation and properly applying investment tools. On this test, you'll be asked to read a case study and then answer a series of multiple-choice questions based on the content of that study. This exam is split into a morning and afternoon session so you will get a break while taking the test.

Here are a few exam considerations and helpful tips that CFA prep services provide and can cover in-depth for the Level 1 and Level 2 exams:

Level 1 Exam Considerations

• Be sure to know how to use calculator features needed for LOS (learning outcome statements)
• Be familiar with the IFRS (International Financial Reporting Standards)
• All questions must be answered

Level 2 Exam Considerations

• Most questions are in reference to FRA (Financial Reporting Analysis)
• It is not required to show work, but you can use the exam book to mark important information and work out problems.

The exam considerations listed previously for Level 1 and Level 2 exams referenced the content found on each one. CFA test prep services will help you prepare for each test by reviewing and going over considerations such as FRA and the specifics of it or providing support as you come to understand all of the calculator features needed for learning outcome statements.

The third level of the CFA examination series is focused on assessing whether candidates can demonstrate a mastery of all of the content areas they answered questions on when taking their previous two CFA tests. You'll be asked to show that you can apply this information to the planning and management of portfolios. Unlike the other two tests in the series, this exam has 8 to 12 essay questions that you'll need to answer. Similar to the other two tests, it also has a series of multiple-choice questions. You can get help preparing for each exam level with CFA test prep help from Varsity Tutors.

The Level 3 exam considerations can appear vague, but this is where your true understanding of the exam questions and content will be tested. Here are a couple of considerations for the Level 3 test:

Level 3 Exam Considerations

• One type of answer page is an unlined page, clearly labeled for that question part.
• Another type of answer page has a structured set of boxes. These boxes are labeled for that question part and provide a visual guide you in your responses.

CFA test prep services can utilize the considerations listed above and work that into the topic understanding you may have. There is no limit put upon CFA preparation services as you are given the ability to study or review content and utilize included support, such as CFA tutoring, at a time that best fits into your schedule. CFA tutors can provide a private assessment on the areas or topics you may or may not feel confident with and cater support to helping develop your understanding of them.

Varsity Tutors Can Help You Prepare

When you sign up for CFA test prep assistance with Varsity Tutors, you'll have a few options to consider. The CFA prep plan that you choose should be based on your preferred learning style, scheduling requirements, and CFA test preparation goals. If you need help determining which CFA prep style would be the best match for you, then you can reach out to us today to get more information. Or, read on for a detailed look at the CFA prep options you can choose from.

The first CFA prep option you may consider signing up for is CFA tutoring. CFA tutoring gives you the chance to work directly with CFA tutors through a series of one-on-one CFA test preparation sessions. This style of CFA prep may be the best fit for you if you've previously placed a premium on getting personalized feedback throughout your study sessions.

This type of CFA prep is also flexible. Varsity Tutors makes every effort to set you up with CFA tutors who can meet with you at a time that fits into your existing schedule. That means that you can get the CFA prep help you've been searching for without having to rearrange the other important parts of your life. Therefore, private CFA prep may also be right for you if you have a busy schedule and need to have a flexible CFA preparation option.

Alternatively, you may also consider signing up for CFA courses that take place in a small group environment. CFA courses in this style may be right for you if you've previously had success in the traditional classroom learning environment. That's because they feature an expert CFA class instructor and a group of peers to learn alongside of. Learning in a group-based CFA class provides all of the benefits of traditional CFA classes with the convenience of online learning. In other words, you can sign up for CFA classes without having to leave the comfort of your home to do so. These CFA courses even provide the option of working with your CFA course educator in a one-on-one setting when you need extra help with a particularly challenging topic.

Enrolling in either CFA test preparation service can help you feel more confident and prepared in a multitude of ways. A CFA course has the ability to help you develop time-management strategies that can allow you to feel and see what each test might be like. CFA courses can also help you develop study plans built around the areas or topics that you may want a little more support or focus with. Topics such as economics or alternative investments can be reviewed or studied with as much detail as you would like. The objective of CFA prep services is to help you prepare for each test and the content each may contain through services catered to your needs, hopefully helping you feel more confident taking your upcoming exam. Rather than looking up "CFA help near me" online, you can easily get started with the study plan of your choice by contacting Varsity Tutors today.

You can even get help with developing your general test-taking skills when you sign up for the CFA courses of your choice. For example, test anxiety is a common occurrence for test-takers who are getting ready to take comprehensive, important examinations like the CFA series of tests. Unfortunately, test anxiety can make it hard to focus while taking your test and may even make it difficult to remember what you studied during your CFA preparation plan. Your CFA course educator can show you techniques to deal with test anxiety if you've ever experienced it in the past. Thus, you can get a well-rounded learning experience when you sign up for test preparation assistance with Varsity Tutors.

Who Takes A CFA Exam?

The CFA exam series is growing in popularity thanks to its widespread recognition in the investment industry. In fact, a record number of individuals signed up to take a CFA exam in the year 2018. Over 225,000 candidates signed up to take the test that year. On average, these candidates will spend about 300 hours studying over 2,000 pages of content for their test.

However, the CFA exam series is notoriously difficult. Only about 1 in 5 of the individuals who initially sign up to take a CFA test will ultimately pass all three test levels. This is a process that can take four years or longer to complete. That's why, if you sign up to take a CFA test, it's vital that you take your CFA preparation process seriously. Instead of looking up "CFA tutoring near me" online, you can easily find the right test prep program for you by contacting Varsity Tutors.

Starting Your Own Ideal Test Preparation Plan

Often, test candidates spend time online looking up "CFA help near me" when they decide they want to work with an expert while preparing for their upcoming exam. However, signing up for CFA prep services can be quick and simple when you work with Varsity Tutors. Educational Directors are standing by online or by phone to help walk you through the signup process or to answer any further questions you may have regarding CFA test prep and the services it includes. Help yourself prepare in the best way possible and sign up for CFA prep services with the help of Varsity Tutors today.