A chartered financial analyst exam is a globally accepted and recognized certification granted by the CFA Institute. Passing the CFA exam enables the individual to become a highly acclaimed finance and investment banking expert. It consists of three levels covering various aspects of economics, accounting, security analytics, money management, and ethics.
To start your career as a chartered financial analyst, applicants must pass all three levels of the CFA. It is a well-designed tool to measure the professional acumen and analytical skills crucial to becoming a financial analyst. After passing an exam, the students have high chances to enjoy bright career prospects and new financial positions. However, it is not an easy task to ace the CFA exam. It is essential to show devotion and toil to get through one of the toughest exams of accounting and finance. To make that happen, one needs to be well prepared and, most of all, know when and where to start.
We have noted down some CFA prep courses to help students with their CFA exam prep. Here are some courses you can choose from to help you prepare for the CFA exam efficiently and effectively.
Wiley Efficient Learning
Wiley Efficient Learning provides students with various packages with different pricing depending upon the quantity of the study material that the students need access to. The introductory self-study course includes practice questions and mock exams and costs around $645.
Wiley CFA exam prep offerings are the latest and updated and do not contain questions not included in the curriculum. It also gives online or video format instructions, flashcards, and the right to access and email questions to an instructor. Students can opt to take 14 days of free access to get started and judge if it is the best choice of a learning platform to help them with their CFA prep.
Kaplan/Schweser
Kaplan/Schweser offers different study packages for different prices depending upon the student’s preference. The basic package is based on self-study and includes notes, planning tools, and practice exams. It can cost around $699. The highest-paid package is worth $999 and gives OnDemand instructions and review workshop access. Kaplan/Schweser also offers weekend and week-long review packages.
Bloomberg CFA Exam Prep
Bloomberg CFA exam prep is a platform that offers artificial intelligence-enabled learning that helps target and improve the weak areas in your exam preparation. Its self-study package includes “micro-lessons” and costs around $700. The basic package consists of seven full-length exams and 10,000+ questions. In addition, a student can also reach out to the instructor and ask 20 questions. Students can get access to instructors and practice questions for additional costs.
Salt Solutions
Salt Solutions’ packages include small manageable chunks of study materials that are easy to grab and absorb in 10 to 30 minutes. It keeps the students well-organized and flexible during their learning journey by offering a scheduler to set weekly goals and stay on track and monitor their performance.
Salt Solutions offers downloadable videos and assignment questions. It also has a user-friendly interface for controlling the light and dark mode of the screen for giving students comfort and ease during the study.
FinQuiz
FinQuiz enables the students to use a study plan, chapter notes, smart summaries, formula sheets, an online question bank, and six mock exams. It offers a variety of options to choose from while focusing on the nature of questions expected to appear in an exam.
The basic package of FinQuiz is priced at $299, including mock exams and questions. The premium package can cost around $599, and it provides access to an active study plan with detailed summaries of the study materials.
The Princeton Review CFA
The Princeton Review CFA offers preparation courses for levels I and II, including practice questions, video lectures, mock exams, flashcards, formula sheets, and study material slides. It enables students to pay separately for each level course, and it can cost around $599 and $499 complete payment after discount.
Fitch Learning
A basic Fitch learning self-study package costs $695. It also can add various add-ons at different prices and purchase them separately. For instance, it's $195 for questions, $60 for mock exams, and $475 for review courses. You can also use additional material such as online, live, or on-demand classes and pay their cost separately.
My Guru
MyGuru is a platform that features CFA charter holders as instructors, whether in-house or online learning. Students choose to optimize their learning experience based on timing and a learning method that suits their needs by purchasing sessions.
The cost of tutoring sessions varies, but students can generally choose the lessons they need instruction for and get individualized attention to address their specific concerns.
MyGuru is a well-suited study platform for those students who are not good at self-study and need constant attention to stay on track. An individual tutor can guide them to stay more focused and improve their underprepared topics and concepts by giving them customized study plans.
Analyst Prep CFA
The basic packages of the Analyst Prep CFA offer a practice program including mock exams, a question bank, and a performance tracker. It does not provide any study material, including videos and interactive lessons. You can pay $149 for this practice package. The unlimited package can only offer you access to study material of level I and the practice package of all three levels at the cost of $499.
Conclusion
It is always better to conduct proper research and choose the CFA review course that meets all your demands, including study needs, learning methods, and cost-effectiveness. You are responsible for your good or lousy preparation, so choose wisely by considering all the factors. To succeed with your CFA prep, keep in mind to choose a course that can help you prepare well and help you ace your exams.
