How to Choose the Right CFA Prep Institute

If you wish to become a certified CFA, you should pass the central examination that is specialized for those who are interested in investment management and wealth management areas. Although you may find several online resources and YouTube videos related to the concepts asked in the test, they will not help you in a way that a professional trainer like Walter Morales can help. To get the assistance of such finance teachers before your final test, it is mandatory to join a CFA prep institute or a university offering finance and investment courses. With proper training and useful materials, you can prepare well and can clear the final test at ease. You can easily find such an institute in your locality or online as there is heavy competition among the providers. But it is necessary to choose the best one out there. You can do the following to choose such an institute.

Go with referrals

If someone refers you to an institute of finance out of their experience, it is better to consider it. Instead of joining the course with an unknown institute, these referrals can be meaningful as a person of your known circle might have passed the test training with that entity. Usually, any of your friends or family members may refer to such an institute. Sometimes, your colleagues or professors can also do so.

Check the reviews

If the institute is offering training services for the CFA test, several students would have gone through them and would have something to share with others who are about to join the same. You can find such reviews and opinions online through blogs, forums, communities, and other resources. If people are giving more positive reviews for the training process, you can consider joining the institute.

Consider the experience

For every educational institute, the experience will bring some value. You can find a drastic difference between the preparation capabilities of a five-year-old institute and a new institute. So, you should check the number of years of service of the training center and decide accordingly.

Check the qualifications of the trainers

If someone is teaching you finance and related concepts, they must master those concepts personally. Hence, you should be confident in joining an institute where professionally trained and certified trainers alone are conducting the prep sessions. You can check the credentials of these trainers on the website of the institute or by simply inquiring about it.

Check the offered materials

Preparation will not happen if there are not enough materials. So, you should look at the range of finance materials and CFA-related elements included in the training program before joining the institute. You should also know the entire structure of the program to be assured that all the necessary concepts are covered.

Consider the fee structure

It is not advisable to go to a training program that asks for a huge payment in the name of the fee. There will be an optimal fee structure standardized for such institutes and you should look for it.

Factors to Consider While Choosing a CFA Prep Provider

CFA stands for Chartered Financial Analyst and the official CFA course is a financial assessment test that is necessary for a person to take to showcase his knowledge in financial management, investment portfolio management, and wealth management. If you are interested in winning the course, you would have to learn the basic and advanced concepts in finance with an esteemed institute that offers preparation. Since the demand for CFA training is high, there are numerous prep providers out there. It is necessary to study in an institute where professional experts of finance like Walter Morales are helping the students to understand the concepts. If you are looking for a CFA prep provider, you should consider the following factors.


As you may not know about the quality of training offered by the institutes, it is better to consider the referrals of your family members or friends. There could be any finance person in your circle who might also have gone to any such institution. So, their referrals can guide you to a range of institutes to choose from. Some students may have contacts with professors who are experts in finance and management. If you have any, you can ask for their suggestions also.

Online resources

The next factor to consider to choose the CFA institute will be the online resources. You can easily find several course-reviewing sites that operate to guide students in the right way. Also, some finance websites or blogs will help you with the various institutes and their information. You can find vital details like the course curriculum, prep materials available, training structure, course fee, and many more on these sites. Some YouTube channels will also guide you in this.


It is necessary to check the experience of the prep provider in serving the finance students. For instance, an institute training for several years will have the necessary knowledge about the structure of the examination and the factors to go through to succeed in it. A newbie training institute will not have that much expertise in financial training. Because of the institute’s inexperience, you should not miss your opportunity. So, it is advisable to consider an experienced institute for the process.

Prep materials offered

The major things to consider before joining an institute are the number and type of preparation materials offered by the institute. A university may offer a complete course to get the entire knowledge necessary for the examination. However, an institute may not cover the course completely. So, it is necessary for them to at least provide the required prep materials to the students.

Number of students enrolled

You can say that an institute is reliable and of high quality if the number of students dependent on that institute is greater. So, you can consider the size of the students or trainees enrolled for the course.

Fee structure

You should not pay more fee for a course than the maximum fee asked by most institutes. It is better to consider the fee structure and compare it with other institutes.