Studying alone can be challenging. While some prefer the lone wolf approach, many candidates prefer social interaction with peers to compare notes, discuss problems and motivate one another. If done right, participating in a study group can be one of the best ways to prepare for the CFA exams. Here are a few points to consider when deciding if a study group is right for you.

Reasons to Join:

Staying on schedule is one of the primary advantages cited by candidates for joining a group. The weekly meetings are scheduled to help candidates stay organized.

Diversity of experience and skill sets among candidates. Many of the more difficult concepts can be clarified by a candidate that has experience in that field.

Camaraderie and peer pressure can help you keep a positive attitude. Your anxiety level is likely to spike several times over the next few months, and a close-knit study group can provide valuable motivation and support.

Forming new relationships along with an expanded network of industry professionals are additional benefits of joining a study group.

Reasons Not to Join:

Time constraints are probably the most common reason why candidates don’t join a study group. Frequent business trips and family commitments often make study groups unfeasible. If you’re in this category, you may want to at least consider a more informal structure with a couple of candidates to help stay on track.

Self-motivated candidates that prefer to study alone. Candidates that have not had a history of successful group projects may do better flying solo.

Since your goal is to successfully pass Level I, it would be worth your while to at least speak with a group leader about whether or not a study group will meet your needs. A study group is for everyone’s benefit, and each member should commit to regular attendance and participation.

Stay positive and keep your eyes on the prize.