- This topic has 11 replies, 9 voices, and was last updated Apr-1812:55 pm by CFAI_wont_stop_me.
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I also completed registraction process for Dec Level 1. But Im unemployed student and I got plenty of time. I estimated that I can sacrifice even 700h for preparation…. And do you guys think it might be too much and I might get bored and lose my motivation during this time?
Should I start later and spend 300-400h like most of candidates?
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For level 1 I would highly recommend doing Quant Methods first as lots of the other study sessions rely on knowing time value of money etc. Personally, except for leaving ethics until last, I think the way the study sessions are laid out in the curriculum is the best way to learn the material. Of course you don’t have to follow it this way….but they didn’t just put the sessions in random order….in some ways they lead on from eachother.
In in summary though, I think as long as you do QM first, do it in whichever order keeps you entertained 😉
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I started with Economics as it matched my degree. Then, I decided to hit the 1 study session topics: Alternative investments, portfolio management, Derivatives, corporate finance. This kept up my motivation as i completed topics.
Focus on Quant and FRA last and spend the most time doing them. fRA being the highest weighted and Quant being the hardest to score well on. Personally, I spent a whole leaning how to calculate npv and irr on my calculator. I spent another full day learning Bayes theorem. Quant can be slow. If you have knocked off 7 topics, then the slow pace is ok. If you start Quant in the beginning, then it can demotivate you and there goes your study plan.
Save ethics for 20min-1hr reading by your night stand 2 months from exam day.
With 3-4 weeks to go till exam, reread all your notes and redo end of chapter questions plus start doing q bank questions and 3hr exams in morning and reviewing missed questions in the afternoon.
I liked hard copy in the beginning, but never disvalue any method of learning. I have used book, ipad, phone, YouTube, Etc. Sometimes home is too distracting so I take my laptop to a cafe and study there; on the train to and from work I’m reviewing YouTube vids; lunchtime at work I’m using my phone; weekends back to the hard copy.
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