SteppingStones proudly sponsored the CFA Cayman Islands Society Conference last Thursday at George Town Yacht Club and picked up some excellent tips for potential CFA candidates:
1. Prepare, you should ensure that you dedicate at least 300 hours for each level.
2. Study the LOS – the curriculum is key to how you should prepare and what you should revise.
3. Practice. Practice Practice!
4. Rest – Be sure to get some rest before the examinations.
5. Show up ! 30% of candidates do not show up on exam day.
6. Listen – do not open the book until you are told and stop writing when told (the CFA society holds a mock exam before the exam in same conditions).
7. Watch your time.
8. Stay calm.
9. Answer all the Questions – they are multiple choice so give it a shot “a, b, c”
10. Focus inwardly on the exam day, you will panic if you speak with other candidates during the breaks
The CFA is definitely a worthwhile qualification to obtain when considering a career in finance and investments longer term. It could lead to job opportunities such as Portfolio Manager, Reasearch Analyst, , Chief Executive, Consultant, Risk Manager, Financial Adviser or Banker. If you can prove that you are actively involved in investment decision making process, this could be a great way to differentiate yourself in such a competitive market. For example, if you have involvement in auditing Funds or fund administration.
Visit www.cfainstitute.org/programs for further information.