CFA CFA Level 1 June ’15 Study Plan

June ’15 Study Plan

  • This topic has 7 replies, 5 voices, and was last updated Dec-17 by krishTa.
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  • LeChiffre
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    Hello,

    I posted in the new member forum that I was shooting for December ’15 for Level I, but after weighing the options June ’15 is my time. I’d love input from the community of my study plan, outlined in the Excel file.

    https://www.dropbox.com/s/0q4cd1mdoqwssv1/My%20L1.xlsx?dl=0

    A couple notes on the guide:

    • Week 21 is when the schedule I used as a guide recommends starting, the time before that are extra review to identify problem areas and start on areas I believe will be especially crucial
    • I will start my second review and practice exams 55 days before the test
    • I plan on spending 18 hrs/wk on average studying in the initial phase, upping this to 20 during the final push
    • 6 practice exams are scheduled
    • 14 wks studying: 14 x 18 = 252
    • 8 wks review: 8 x 20 = 160
    • Total hours not including time before holiday (w/practice exams, missing a day or two because life happens, etc) = 375 – 400

    My main concers are:

    1. Is this ample time? (I have a degree in finance and started with a regulator this June)
    2. I enough time allocated to each topic? – I’ve heard conflicting statements, ie “Don’t schedule less than one week per session” etc.
    3. Should this be revised to have at least one full week per session?

    Thank you for your input, it is valued.

    Best,

    John

    Sophie Macon
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    Hey John, thanks for sharing your thoughts with us in such detail.

    I think it’s a great start – and to answer your questions:

    1) it is ample time, just stick to your schedule, allow some buffer in your schedule as things don’t always go to plan

    2) This is difficult to say as you don’t know how tricky it is until you’ve looked through. Your approach seems fine on a ball park, but you start with a plan and tweak as you go along to make sure you stay on track and take account of the difficulties (or not) that you experience as you study. This is quite individual and you only know once you study, but your base plan allows sensible time so I wouldn’t worry too much, just go along and see how you go, and adjust/update your study plan as you go along.

    3) Similar to 2), it’s hard for outsiders to advice and each student learns differently and take varying time to each topic. You’ve allocated sensible, achievable times in my view, just start, and see how you perform and update your plan while you study.

    artyeasel
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    @LeChiffre‌: excellent username, have a like 🙂

    1. Seems like a solid plan timewise to me.
    2/3. The point is to ensure you have covered most topics evenly. Based on the allocated total time, as long as your allocated time/effort roughly balances the weights of the topics, you shouldn’t have anything to worry about. Just looking through the days, 3 days for Alt Inv seems a bit light to me though. I don’t think the topic is hard to understand, but the questions can be very tricky.

    LeChiffre
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    @Sophie, thanks for the feedback. You reaffirmed the feeling I had of this being an outline with tweaks along the way. I’m also being sure to avoid too much “studying about studying” as a post (yours?) on this site mentioned.

    @artyeasel, thanks for your input. I actually had the same thought about alt investments, which is why I tacked on a few more days in the updated plan. And thanks for the name compliment! I figured it was fitting for a finance site like this one.

    Here’s my plan, it should be a good guide. Right now I’m just concerned about too long a study period, but with the last 7 – 8 weeks for review and 6 practice tests I should be able to absorb quite a bit. Yellow cells are days I added which are in addition to the study plan laid out in Rachel Bryant’s book. At least 1 week is allocated to each topic in the initial study phase.

    https://www.dropbox.com/s/2eql81gtk7jjgbz/300%20hrs%202.0.xlsx?dl=0

    If you have any more thoughts, I’d like to hear them. Thanks again.

    Best,

    John

    tacheman
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    Looks pretty solid and level-headed to be honest. You’re a lot more well planned than I was!

    LeChiffre
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    @tacheman, thanks, I’m thinking once I get on a roll checking those boxes I’ll want to keep the streak alive and keep going.

    Also, great picture. From men into gladiators, and gladiators into Swansons.

    tacheman
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    Thanks @LeChiffre‌! 

    krishTa
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    @LeChiffre Awesome plan.. Thanks for sharing. 

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