While the vast majority of our visitors are first time CFA candidates, there is also a significant number of you who are “repeat offenders”. You know yourselves! If you are considering or preparing to retake your exam, my main question to you is:
“What Will You Be Doing Differently This Time Around?”
Don’t tell me you failed the CFA because of bad luck, because you did not put enough time or effort, that is not a good enough answer. I think it’s important to make some changes. Here are some of the things that you can modify or improve and that can make a significant difference in passing your next attempt:
-Being More Efficient (better studying location, less distractions, etc)
-Better use of the material (qbanks, mock exams, prep material)
-Overhaul Of Your Intense Period
–Strengths vs. Weaknesses (which sections caused you to fail? Did you spend enough time on them?
Don’t Overdo It
I think it’s important to remember that change for change is useless, it really is. It’s important to take the time to think about it, think about what worked, what didn’t and how you can improve. One of the reasons that “taking more time to study” is a poor way to put it is that it does not address the impact that it had (more time does not equal better preparation) or how to get it done.
Take Clear Decisions
Thinking about doing things differently is great but talk is cheap. You should be thinking about these questions and arriving at clear decisions, write them down and stick to them.
One thing that will not happen is failing the exam again for what you feel are the same reasons. When you determine what caused you to fail, be sure to