@ommthree
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Up5
If you’ve read it once, I would not go through it again in detail. My advice would be to do a bunch of questions and cheat and look at the answers where necessary. You’ll quickly get a feel for what the key points are in the chapter, and then be able to refer back to the text in a more targeted manner.
Top tip for next time around (if there is one): Prepare a one page summary of each chapter as you go. Then that’s all you’ll ever need to re-read.
Up5Sorry, it’s a clear no. CFA is not at all the sort of thing that student travel concessions are aimed at. To recap @policedog‌ ‘s key quotation:
1. An education establishment is only eligible to be registered as an administrator under the scheme if it:
- is located in Greater London or, if located outside Greater London, has eligible students who live in London who regularly travel to and from the education establishment; and
- provides to the student directly the full-time and part-time courses that the student attends; and
Up5I only used CFA materials for all three levels, and passed all three first time.
I preferred the hard copy though, it’s just somehow easier to read a book than a screen, at least of us oldies. That said the digital syllabus is really handy for travelling. Definitely worth getting both if you’re studying on the move.
Up5@perspective‌ I would say that CFA would not be a bad option for you. I used just the part 1, along with my experience in another field and my strong academic record, as a springboard into finance. It’s no guarantee, but it’s certainly another weapon in your arsenal.
Up5@amiforall I agree with @FinancialExamAcademy‌. In your position I probably wouldn’t do CFA “just because”, but only if you had something in mind like a change of role outside your immediate sphere of experience.
Up4Technical analysis. Chortle chortle. 😀
Up4I’m a bog supporter of flashcards for equations and simple but harder-to-remember facts. For equations, I always have the name on one side and the equation itself on the other. Then I try to reproduce the equation blind.
Dropping out the cards you know well as you go saves ploughing through well-known territory, but consider chucking them back in and starting again at some point with the complete deck, or you might forget them after all!
Up4I agree with @fabian and @WesMantooth‌. It seems doable. Any particular reason not to start right now?
Up4Maverick said:ommthree said:Isn’t there a list in the CFA text somewhere? I learned them all. There’s not thaaaat many, and you can learn them in logical groups. Harness the mighty power of the flashcard.Is there? I can’t say as I’ve seen that. A conclusive list of all of the formulas would be useful to a degree.
Hmm, looking back at my revision notes, it looks like I probably photocopied tables from several different pages: Activity ratios, liquidity ratios, solvency ratios, profitability ratios, valuation ratios and credit ratios. It’s not a huge ask to learn them all.
Up3I occasionally think about doing one, but it’s the cost (more in terms of loss of earnings than actual outlay) that tends to put me off. Also, I’m getting a bit old for it perhaps. I think the biggest thing people seem to get out of an good MBA programme is a great network. That’s the main reason I’d do it.
Up3I did a summary page for each chapter, and then flashcards just for equations or very specific facts that were harder to remember. That worked very well for me over all three levels. Good luck!
Up3I think you just have to allocate to client accounts first. Possibly pre-clearance also required.
Up3When I was studying for level one, there was only one place in the city where I could buy real coffee, and we were broke. So… one cup for week.
Up2I passed all three levels purely based on the curriculum. And I agree with @RaviVooda‌, this approach makes even more sense for level three where the curriculum is quite a bit shorter than the other levels. Personally I also thought it was much easier than level two, but that’s a question of individual strengths and weaknesses I suppose.
If you’re going to be travelling a lot, I’d definitely get the e-books. If you’re staying at home, I’d stick with the printed material because it’s easier to flip through and easier on the eyes. I cracked and got both.
Up2I changed my test centre without any difficulty, so I think you could do that. Not sure what the deadline is though. That said, you may find that Dublin is a bit too distracting for studying. Enjoy the Guinness!
Up2I would say one per day is very tough but it’s just doable, depending on how much time your job or other things are taking up. On balance though, I agree that while two months for review and practise would be fantastic, you’d be better slowing it down a bit, going a bit deeper, and slightly shortening your review period. A month is still pretty good.
Up2I would not get too hung up on the weightings. Sometimes a heavily weighted topic will be just be really tough, or you screw it up for whatever reason, and then you’ll need the lower-weighted topics to save you. Bottom line is the best approach is to cover everything at a similar level if at all possible.
Up2These transitions post CFA part I are possible.
After I completed my CFA part I, I went from a totally different job (albeit a quantitative thing) into a role in risk consulting. However as @policedog rightly says, there’s more to it than that. For example, make sure you leverage the skills you already have from your undergraduate degree. My starting salary was > $100k. (That’s Switzerland though!)
