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Approved Prep Provider Program participants agree to the timely retirement of questions and materials that are no longer consistent with the curriculum and exam format. Ensure the question formats and structures are consistent with the current curriculum. Are the prep providers' practice exam offerings consistent with the current program curriculum and exam-question formats? Many preparatory providers' test banks are based on old material no longer included in the curriculum or exams.Ask the prep provider which readings they base their materials on, and compare that with the curriculum you receive from the CFA Institute. Is the prep provider teaching the current curriculum? The curriculum typically changes from year to year, and it’s quite a task for prep providers to keep current.Does the prep provider claim to use actual questions from previous exams? If they do, you should know the CFA Institute has not released actual Level I multiple-choice questions since 1995 and does not release actual Level II and Ill item set questions.Does the prep provider leverage only the CFA blueprint based on the LOS? Prep course providers should help you prepare for the exam, not speculate about what topics will appear on the exam.Does the prep provider employ full-time CFA charterholders to prepare their study materials? Ensure the content is written by professionals who have 'been there, done that' or at least have significant experience assisting candidates for the exams.Question the quality of the content because it will ultimately make the difference between your passing or failing. Find as much information as possible before committing to any provider.Providers participating in the Approved Prep Provider Program recognize the importance of candidates understanding the curriculum and voluntarily adhering to guidelines and high communication standards.Īpproved Prep Provider Program participants agree to reinforce the value and importance of the curriculum in effectively preparing for the exam and convey the role of their preparatory products as additional tools to complement the prescribed curriculum.

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The CFA Institute developed the Approved Prep Provider Program for providers who build their preparatory products and services, or license approved prep materials and add value through their instructors.

The Approved Prep Provider Program was launched to help improve candidate preparation for the exams and establish a set of principles considered best practices for prep course providers.

Make sure the provider is on the CFAI list of Approved Prep Providers.

Some candidates may find that prep courses and review notes help them with the learning process. Although the programs are distance learning and self-study programs, we understand that candidates have different learning styles. The Council of Examiners uses only the CFA Institute program curriculum and Learning Outcome Statements (LOS) developed for that curriculum when writing the exam questions.

Remember that the core of your study should be from the curriculum.

The “Must Haves” for Selecting a CFA Exam Prep Provider We’re here to help you navigate through the fog. With the recent explosion of online-learning tools across academia, finding who offers the best CFA study materials to fit your needs and budget can be challenging. Supplementing this content with an interactive or streamlined platform has shown to be highly beneficial. The material offered by the CFAI is good and should be leveraged, but is notoriously voluminous. The CFA Institute® (CFAI) reports that more than 75% of CFA candidates leverage a third-party CFA exam prep provider.