What skills one should possess before enrolling into CFA program?

Chartered Financial Analyst examination is considered to be one of the most prestigious and reputed designations in the field of finance. To become a CFA, one needs to clear all three levels of CFA examination. This post graduate program is offered by CFA Institute, California. The CFA institute accommodates more than 150,000 charter holders which are spread across 163 countries.

What it takes to become a CFA-

Passing the CFA exam needs a lot of preparation and self study. Clearing the examination isn’t a cake walk. It is challenging but like every other challenging thing in the world, it is totally worth the efforts. As per CFA Institute, the CFA charter is the most honorable and reputed investment management designation in the world.

If you wish to earn this batch of respect, then some common questions must have crossed your mind such as “What skills should one possess before enrolling into CFA program?”

To become a CFA, one must possess the following skills-

• Discipline-

It is usually seen that individuals are keenly interested in giving the CFA examination without paying heed to the level of discipline required to clear it. One requires a minimum of 22 months to pass CFA exam. The discipline required by a CFA aspirant can be seen through their daily schedule and lifestyle. It demands them to say ”no” to certain opportunities and hobbies. Finding such a strong discipline is rare in individuals.

• Time management-

Time management plays a crucial role in the life of a CFA aspirant. A student who wishes to pass the CFA exam needs a minimum of 300 hours per level as a part of his/her self study and preparation. Besides, maintaining a balance between personal and professional life becomes tough as one is unable to give proper time to friends, family and self study. Efficient time management is obligatory for an individual to earn the CFA charter.

• Diligence-

There are no shortcuts to become a CFA charter holder. One needs a lot of diligence and practice to clear CFA exam. Making a proper schedule, getting in touch with one of the best CFA exam prep providers, giving abundant revision tests and mock exams, being acquainted with the CFA syllabus is essential to have proper knowledge of every critical and fundamental concept related to CFA examination.

• Focus-

We all are bound by distractions in this world. Therefore, keeping the right amount of focus and dedication is important to become a CFA charter holder. Once an individual gains the right amount of focus, he/she can succeed in clearing the CFA program.

• Integrity-

To become a CFA charter holder, one must maintain a set of ethics and integrity. A Chartered Financial Analyst is believed to complete a thorough analysis without any sort of personal preference or bias. Upholding the respect and ethics of a CFA charter is of utmost importance here.

To know more about the skills and expertise required before enrolling into CFA program, click here.