Are you a CFA aspirant planning to appear for CFA 2023? Worried about how to complete the extensive curriculum of CFA? Want some effective tips on CFA? So, here we are with some useful guides and helpful tips for your CFA preparation.
What is CFA?
CFA or Chartered Financial Analyst is a professional credential bestowed by the CFA institute to financial or investment professionals who prepare, take the test, and successfully pass the CFA exam.
The CFA exam is divided into three levels, Level I, II, and III. This is considered to be one of the most difficult exams in the world and so the aspirants should take their CFA level 1 prep 1 very seriously and with complete dedication.
The CFA institute designs the curriculum based on contemporary financial tools and topics to prepare the candidates for professional financial challenges. The syllabus of the CFA is an extensive one with so much to cover and learn to perform well in the examination.
The 2023 Curriculum:
Although the curriculum topics for CFA level I, II, and III remains the same, the syllabus approach has witnessed some significant changes. Most CFA level 1 prep providers have also updated their course structure based on the latest changes for 2023.
It is already the beginning of 2023, and the CFA institute has updated the latest adaptation and modifications for the CFA 2023 curriculum. The major and most impressive change that they have adapted for CFA 2023 is the change in the preparation effectiveness of the candidates. CFA has transitioned their Readings into Learning Modules which will be now available in digestible bite-sized lesson structures which will be easier to read and prepare.
These changes will be helpful for candidates as they can now complete one module in an evening session of studying. The breaking of the modules is focused on effective learning experiences. Read further to find out about the notable changes:
- The CFA level 1 study materials will now be available in learning modules that will include visual content, spreadsheets, and other relevant practical content.
- For the year 2023, Alternative Investments and Derivatives will be the only topic that will be transitioned into the learning module structure.
- In Corporate Issuers and Economics, you can expect three new readings that CFA Institute added this year.
- In addition, the topic of Portfolio Management has also undergone some considerable content updates.
So, if a comparison is made based on the 2022 curriculum, aspirants will find 73 learning modules in 2023 compared to 60 Readings in 2022. For a more insightful overview, you can look at the updates as:
- None of the readings from 2022 was removed from the curriculum, they are renamed, replaced, or changed to learning modules.
- 3 Learning Modules are added to the curriculum, 1 in Economics and 2 in Corporate Issuers.
- A total of 6 Learning Modules are updated in Corporate Issuers.
This was all about the relevant changes in the 2023 CFA curriculum.
The CFA institute had already released the updated curriculum and the dates for the CFA exams for the year 2023. With the registration window already open and the dates released, it is time that aspirants should dedicate these upcoming months to the preparation of CFA.
In 2023, the exams are announced for February, May, and August. Most candidates have already registered themselves and the ones left, hurry up as the registration window closes soon.
This is the time that aspirants should dedicate completely to their preparation, revision, and practice to perform well in the final examination. As already mentioned, CFA is a tough exam and one needs to be very concentrated and focused to gain success on the first attempt itself.
If you are prepared for the CFA level 1 prep 1 you should invest at least 300 hours in serious study to be able to perform well. The key to success in the CFA exam is to prepare dedicated, revise religiously, practice effectively, and perform confidently. However, the latter three depend entirely on how much you are investing in your preparation.
And here investment means, investing your time, energy, and dedication to the preparation. The better you study, the more chance that you perform well. Although there is no alternative to self-study, getting into an online course for CFA can be hugely beneficial. It will not only help you understand better but will also give access to practice papers and other concept-based visual content.
If you are planning to appear for the May or August 2023 exams, it is time that you start your preparation and get yourself registered for a CFA course. Get yourself acquainted with the relevant curriculum and the content and start your preparation to perform well.
These are some of the relevant information about the CFA 2023 that could be helpful for the aspirants. Contact the CFA level 1 prep providers and get yourself an online course and start preparing for the 2023 exam and perform well.