Obtaining the CFA charter is something like hiking one of the tallest mountain ranges in the world, but it can be done only when you have the right equipment to help you achieve that destination. The first step to pass the competitive CFA exam is making the right choice of the CFA coaching institute that can give you an immersive and engaging learning experience to crack all the 3 levels of CFA in a more timely and smarter way. One of the rough roads in cracking the CFA exam is the CFA course syllabus. As the finance course covers a range of topics from asset management, wealth planning, risk management, and portfolio management, students and professionals cannot afford a run-of-the-mill approach to crack CFA exams but leveraging two key activities – Understanding and Memorizing!
Two Different Worlds
Memorization as a skill is limited to a particular learning environment – short-term or fast-paced learning courses. Memorizing skills can be a great value and asset to finance professionals and students especially cracking global certifications like CFA as it can help them decide business future through recalling key business moves and decisions!
On the other hand, comprehension skills come to the rescue when the learning setup is more long-term and transferable. Moreover, the CFA course comprises intense and challenging concepts which need deep understanding skills to connect ideas and concepts to efficiently crack the CFA exams. As premier institutes like Kaplan Schweser-Miles are upending the financial learning landscape with the original CFA study package, comprehension traits become the dire need of the hour to boost confidence while sitting for the 3-level CFA exams.
Making use of both the worlds
Active learning is one of the effective ways to crack a complex certification like CFA. In active learning, you will engage with the CFA study material more than the passive learners. This system of learning is a process that blends both memorizing and comprehension skills. Some key techniques that finance students pursuing CFA can build in their preparation journey are-
The spacing effect is one of the powerful techniques that allow you to space out study sessions on a repetitive mode on a regular basis that deepens your understanding of the CPA subjects and concepts. This method also helps you retain information for longer periods of time and help you ace your success in CFA exams.
Digital flashcards are one of the prep products offered by the best CFA training institutes in India. Leveraging these digital tools, CFA aspirants are enabled to prepare in a spaced repetition learning format where they grasp financial concepts quicker and faster. Candidates also become sound problem-solvers when challenging topics to appear more frequently by an integrated digital flashcard prep tool that not only helps them retain concepts but understand the wide picture of how and why finance works!
This approach allows CFA aspirants to prioritize relevant topics and target them. Once you categorize subjects and concepts, it helps you to solve complex problems in a more focused and timely manner which eventually broadens your comprehension capabilities without getting exhausted or burn-out and develops a strong retention ability.
Active learning is one of the top-rated participatory and engaging learning approaches for CFA aspirants to enhance subject knowledge and absorb information faster to crack CFA exams more effectively and stand out as a competent finance professional tomorrow!