CFA CFA General Just registered for the CFA Level I exam, where do I start?

Just registered for the CFA Level I exam, where do I start?

  • This topic has 4 replies, 4 voices, and was last updated Aug-18 by joebone.
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    • Pahtsan
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      Hey guys, I’m new to this forum, and I just registered for the Level I exam that’s happening in June. Can anyone answer some basic questions for me and give some basic tips?

      1) I downloaded the CFA Curriculum books for Level I, how should I approach them? There are 6 books and they are roughly 700 pages each, do I need to read them all cover to cover, or is there a more efficient study method that you guys have found?

      2) As far as I understand, there are other alternatives to the CFA Curriculum books that come with your registration. Any recommendations? Should I use them along with the books that I downloaded, or are they just better by themselves?

      I appreciate any help. Thanks!

    • hairyfairy
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      Hi @Pahtsan

      Might be worth having a look through the guides written by Christine and team: http://www.300hours.com/guides

      It’s quite common to use private prep providers like Schweser or Wiley. I used Wiley for L1 and L2 and Schweser for L3, but now there are quite a few good other providers as well. I definitely preferred them over the curriculum for L1 and L2, the curriculum however was more useful in L3. I self-studied but some like to take classes – LA should have some, otherwise you can take them online as well.

    • scarebaer
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      @Pahtsan  I recommend kaplan. PM me if you think you are going to go that route, the Q bank is a good source to see your retention. I can give you 15% off of a code i have. Makes the essentials package come out to around $550 with shipping. Personally I’m a big notecard guy. I study note cards physically and have quizlet on my phone to run through them when I am out and about.  Below I included a breakdown of my study and what I intend on scoring based on weighting and ease of points. I started with quant and then went to FA because I need to review those the most, seeing as I use note cards I wanted to give myself the most opportunities to review that material. I personally have the following breakdown: 

      Section  Focus Area Focus Area Rational  Weights Questions Target Score Contribution to Total Score
        Calc Calc Calc
      Ethics Yes High points/low time commitment  15%                  36 85% 13%
      Quantitative
      Methods
      Yes High points 12%                  29 85% 10%
      Economics Yes High points/not too difficult 10%                  24 85% 9%
      Financial
      Reporting and Analysis
      Yes High points/very low time
      commitment
      20%                  48 85% 17%
      Corporate
      Finance
      No Low points/pretty easy  7%                  17 50% 4%
      Equity
      Investments
      Yes High points 10%                  24 85% 9%
      Fixed
      Income
      Yes High points 10%                  24 85% 9%
      Derivatives No Hard material/low points  5%                  12 50% 3%
      Alternative
      Investments
      No Low points/pretty easy  4%                  10 50% 2%
      Portfolio
      Management
      No Low points/moderate difficulty 7%                  17 50% 4%
      Total     100% 240 n/a 77%

      Edit. The table doesn’t format. PM me you want the excel lol

    • Pahtsan
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      @scarebaer @hairyfairy Thanks for the info!

    • joebone
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      Hey guys I just joined up here can’t seem to find the PM for you scarebaer. But im about to order the essentials Schweser and would love to use the %15 off. and would also like to see your excell sheet

      Thanks

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