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CFA Study Material Reading Order?

  • This topic has 8 replies, 5 voices, and was last updated Jan-18 by DR515.
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    • DR515
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      So does it really matter if you read the study books in any particular order?

    • Maverick
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      Personally I wouldn’t have thought so, but I read from volume 1 through volume 6 sequentially.

    • Pranav
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      @DR515
      depends on your background…if you have prior knowledge to a certain extent, doesn’t matter…otherwise it does, to a certain extent…
      topics covered in quant are referenced in fra, equity, fixed income etc…aside from this, definitions of some terms in economics and fra are referenced in later books (dont remember which and where)…any book with calculations requires you to know quant…

    • hairyfairy
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      I think you study in the order which you think makes the most sense for you – if there’s no preference, do it in order.

      I sometimes jump around if I can’t take looking at a topic any longer.

    • Maverick
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      I agree with @hairyfairy‌. If your mind can take it and you want to move around between topics and books then there isn’t any real reason you can’t do this, but personally, when I’m the “FRA Zone” or the “Corp Fin & Portfolio Mgnt Zone” then I find it much more productive to carry on with the same topic, as that’s the track my mind is on.
      Perhaps women are better at the jumping about between subjects than men?
      Perhaps this is touching on the age old, ‘women are better than men at multitasking argument’?

      I do also see what @Pranavis saying about the references back to previously covered topics and certain formulas coming back up in another subject, yet unexplained this time as CFAI expect that you already learned it properly two books ago.

    • hairyfairy
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      Thanks for the 5th Agree @Maverick‌! Nice new badge 🙂

    • Maverick
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      Hahaha… Any time @hairyfairy. I’ve got to set about catching you up on the badges front!

    • jessmat
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      @DR515‌ 

      The order really doesn’t matter. Here are my suggestions:

      1. Start with Ethics – 15% weight.

      2. Then move on to Quantitative Methods – 12% weight. 
      This has two benefits : a. It covers a big chunk of the exam – 12 marks b. It’s referenced in the readings that follow (pertaining to Fixed Income,  Corporate Finance,  Portfolio Management etc)

      3. FRA – 20% weight.

      4. Economics – 10% weight.

      5. Alternative Investments – 3% weight
      It’s small and simple. 

      With these 5 subjects,  you’ve covered readings having a total weight of 60% in the exam! 

      Then you could do  the remaining in this order:
      Equity Investments, Fixed income, Corporate Finance and Derivatives. 

      This was the order that I was going to follow. But I haven’t been able to stick to it. I jump around the topics too, like @hairyfairy‌ .

      Ultimately, the order doesn’t matter; as long as you get through the portion, revise and practice enough.

      Hope this helps! 

      Jessica

    • DR515
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      Thanks guys for the advice:)

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