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Do commercial prep course providers receive advance exam details from CFA Institute?

April 26, 2017CFA Commercial course exam Institute prep

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Do commercial prep course providers receive advance exam details from CFA Institute?

2 Answers

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No. At no time during the exam development process do either the question writers or CFA Institute staff consult with or provide exam information to prep course providers. It is important to note that prep course providers can only guess at what items will appear on the exams; very often they guess wrong. I have begun studying for the Level I exam and discovered that there are many formulas presented. Are candidates expected to memorize all these formulas? Candidates are expected to be able to perform the actions specified in the learning outcome statements (LOS). If a formula is required, then it should be committed to memory.

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No. At no time during the exam development process do either the question writers or CFA Institute staff consult with or provide exam information to prep course providers. It is important to note that prep course providers can only guess at what items will appear on the exams; very often they guess wrong.