CFA CFA Level 1 CFA Level 1 Final Month Study Advice

CFA Level 1 Final Month Study Advice

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  • hardj
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    I am taking the CFA Level 1 Exam December 6th. I have just finished reading through all of the material and like most candidates, I am starting to feel the time pressure here. I find it daunting when I think about the difficulty in recalling the material that I reviewed thousands of pages ago…

    What do you think is the best possible strategy AND schedule for this last month to ensure maximum preparation for the exam?

    I understand that practice exams are key and I plan to complete 6 Exams (Schweser). For me, not only taking the practice exams, but fully understanding the concepts that I get wrong and being able to recall these concepts on exam day is going to be crucial. Tentatively, here is the schedule that I plan to use in order to go about doing that:

    Monday-Friday- Section by Section read LOS, Mid-Chaper example problems, and complete EOC/question bank. Wind down each night by memorizing formulas.

    Saturday- Complete Full Mock Exam (6 hours) & Grade. Spend a couple hours reviewing formulas to wind the day down.

    Sunday- Review the Mock Exam. This means reading the relevant CFA sections & completing EOC ?’s/Question Bank for areas that I got wrong on the practice exam.

    REPEAT.

    Does this sound like a good plan?

    Any thoughts/advice whatsoever are REALLY appreciated!!!

    tingwuwang
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    that sounds great, i personally am doing 2 papers per week, do papers on alternating days, and the other days i’ll revise for the stuff that i got wrong.

    wm247
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    The only problem with your plan here is that you plan to do like 6 mock exams from KS every Saturday within 3 weeks until the exam date. That doesn’t sound very productive, to be honest. CMIIW, but are you planning to do 3 mock exams only every Saturday, or all 6 mocks from KS? Because if the latter is the case, you need to readjust your study plan to incorporate 2 * 2 * 3 = 12 hours of test simulation every Saturday.

    Other than that, sounds like a plan to me. Good luck, mate!

    RoyD
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    Beware of taking the KS mock exams. I’ve found them easier than the CFAI mock exams and the CFAI mock exams ask questions in a slightly different way according to me. I don’t know how to explain the difference but you sure feel it when you answer both KS and CFAI mock exams. Also like I’ve said the KS notes and exams don’t cover all the topics required for the CFA exam so there’s another point of caution. Make sure you answer at least 2 CFAI (6+6=12 hours in total) before the exam. If you can’t then sacrifice a couple of KS exams to allocate time.

    hardj
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    Firstly, thank you all for the feedback. I really appreciate it.

     Let me be a bit more specific as my plan laid out above was more general. Tentatively, here are that dates that I plan to complete aFULL 6 hour Practice Exam:

    1.       Sunday 11/16- (Schweser)

    2.       Friday 11/19- (CFAI)

    3.       Sunday 11/21- (Schweser)

    4.       Wednesday 11/26- (CFAI)

    5.       Friday 11/28- (Schweser)

    6.       Sunday 11/30- (CFAI)

     

    As you can see, I plan to alternate between Schweser/CFAI practice exams. In between those dates I plan to do LOS review, EOC ?’s. and QBank from Schweser. In addition, if I can fit in a couple 3 Hour Practice Exams during the work week (evening) than I definitely will do so.

     

    For me, the tricky part is fitting in enough exams WHILE having adequate time in between to review my areas of weakness and review the over curriculum in general. More specifically, I’m stressing about the approach I should use in-between these practice exam dates to accomplish the following 

    1.) Continual LOS review of all material w/ EOC ?’s to reinforce the material 

    2.) Taking random Qbank Quizzes to monitor areas of weakness and reinforce previously learned concepts 

    3.) Spending adequate time doing Practice ?’s/Reading Areas of weakness based off of my Mock Exam Performance to learn what I got wrong on these exams.

     

    Any suggestions on the best route to go about balancing all of this? In my eyes, the most vital aspect of the review process is reviewing the ?’s I get wrong on the practice exams and then finding the best way to learn/reinforce the concepts.  

     

    Thank you all for the help!

    Pranav
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    @hardj‌ 
    what @RoyD‌ says is true, cant go into the specifics of differences between cfai mocks and ks mocks with relation to the exam due to cfa ethics violations…i can only say that i value 1 cfai mock equivalent to 3 ks mocks, at the very least…
    also, might wanna polish on those formulas every alternate day or so maybe…or other tough concepts you faced…

    hardj
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    @Roy @Pranav I completely agree that the CFAI mocks are more useful than KS mocks. However, I find it really frustrating that you can’t print out the CFAI mocks! I prefer to print out mocks so I can write on, solve problems, and make notes on them and also have them readily available to review later…any suggestions? Do you know if you still have access to the questions/solutions after taking the CFAI mock online? 

    Pranav
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    @hardj‌ 
    a month or so before my exam, there was a post here on 300H that mentioned cfai mocks available in pdf format…i think he sent an email to cfai and asked them the same question you asked me and they provided him steps to print the mocks or uploaded the mocks in pdf format for printing…something of the sort…
    for some reason, i dont remember facing any difficulties while attempting the cfai mocks though, cant remember why…maybe i had it in print too or the online thing was easy to navigate through…
    the post is too old and i doubt i’ll find it…you could send a quick email to cfai itself and they’ll help you…their response time is quite short…

    Pranav
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    @hardj‌ 
    here’s a couple posts i found out, i think they should help…can you take a quick look?
    http://forum.300hours.com/discussion/comment/11852/#Comment_11852
    http://forum.300hours.com/discussion/comment/11491/#Comment_11491

    hardj
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    @Pranav sorry for the delay! I’ve been burried in the books. Thank you for the recommendation! I’ll see if this works. 

    daedalusbloom
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    I found that doing mocks too close together didn’t really improve my scores much. Might want to try to fit more studying and review of particularly important or weak topics in.

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