Award-Winning CFA Test Prep in Detroit, MI

Varsity Tutors can connect you with a private Detroit CFA tutor or online course that can help you move forward on the path toward obtaining your CFA credential. CFA, which stands for Chartered Financial Analyst, is a credential granted by the CFA Institute. This credential is held by over 150,000 professionals around the world, and the charter offers a solid understanding of advanced investment analysis as well as real-world portfolio management skills. Whether you are a student at the University of Detroit Mercy or a working professional, you may be preparing to complete the CFA Program exam. Whether you decide to take a Detroit CFA prep course or seek the assistance of a private tutor, you can receive a more comprehensive review than you may be able to accomplish studying by yourself.

What concepts will be covered during Detroit CFA prep?

In order to obtain the CFA credential, one must achieve a bachelor's degree, spend four years working in a full-time professional environment that involves making decisions about investments, and also pass a series of three exams. These three exams make up the CFA Program exam. Through Levels I, II, and III, you will be involved in understanding increasingly complex content, learning focuses, and question formats. These three levels are designed to assess the test taker's knowledge of asset classes, investment tools, portfolio management and wealth planning, and knowledge of ethics and professional standards. Let's take a closer look at the different formats of the three levels.

Level I consist of 240 multiple choice style questions that are split up between two three-hour sessions. It is important to remember that there is no penalty for incorrect answers, so it doesn't hurt to guess if you need to. Level II takes place over a morning session and an afternoon session and includes 120 multiple choice questions. This section also gives no penalty for incorrect answers, so guessing is encouraged if you do not know the answer. Lastly, the Level III Exam features a morning session and an afternoon session where you will complete an essay and answer a variety of questions with different subparts. No matter which level you are studying for, some Detroit CFA prep may be a great option for you.

What are the benefits of the different types of Detroit CFA prep?

If you prefer to work and learn in a collaborative environment led by an expert instructor, a Detroit CFA prep class is likely your best option. Throughout each class, your instructor will get you working collaboratively in an engaging way that can allow you to better review and reinforce your knowledge of the material. Learning along with other aspiring professionals in this setting can be a great way to gain exposure to new perspectives and ideas, and the collaborative nature of the class can allow you to receive immediate feedback from both your classmates and your instructor. You can even request more clarifications on issues with specific topics you might be having, whether it be economics or corporate finance. Need additional help? Not a problem. Each student also has the ability to request one-on-one time with their instructor outside of class to get extra, more focused attention.

If you prefer this type of private instruction, we can help to connect you with a tutor who is right for you. When you study with a private instructor on an individual basis, you can spend your time as you see fit. So, if you already have a firm grasp of fixed income but are struggling to understand derivatives, you can let your instructor know and they will be sure to spend more time on derivatives to help fill in the knowledge gaps that you may have. Studying in a one-on-one environment like this also allows you to dictate the pace of your preparation. Your instructor will work with you to ensure you are both working at a pace optimal for your learning experience.

How can I get set up with Detroit CFA preparation?

Whether you are a student at Wayne State University or a working professional, you may be in need of some additional help on your CFA exam preparation. Luckily, we are able to set you up with your own personal tutor or CFA course that can provide the assistance you need to feel more confident when you sit down to take the exam. If you are curious about how professional Detroit CFA prep can help you, give us a call. Varsity Tutors' educational consultants will be able to answer questions and provide more information to help you make the decision that's right for you.