Skip to main content

Make a three-month study schedule for the CFA level 1 test

You won't have much time to study for the level one CFA exam if you stick to a three-month study program. It is undoubtedly achievable, but only if you are willing to put in the effort. If you've already decided to study for the level 1 CFA exam in three months, let's get started (But for those of you that are still on the fence it will be useful to have a look at this post to get a better idea about how many hours are required).

Practice questions include:

Let's get started on the three-month study plan for the CFA® level 1 exam. The level 1 CFA exam necessitates a significant amount of question practice. I'd set aside at least the previous three weeks to practice questioning. 6 weeks would be ideal, however considering the tightness of this study schedule, this may not be attainable.

Title of the textbook:

The choice of a text book has become a crucial factor. Theoretically, the best approach would be to study the curriculum. After all, it is on this content that you will be evaluated. If you only have three months to study for the exam, I strongly encourage you to purchase an abridged study guide and use the curriculum for ethics, LOS, and end-of-chapter problems. Wiley CFA Exam Review Products are recommended to help you go through the content. You're basically relying on the study note supplier to select and deliver the most significant elements of the curriculum, and hope that most of what they've weeded out won't be tested if you take this route. There is a risk here, which is why I would still recommend studying Ethics utilizing the curriculum books as a starting point. Although ethics only makes up 9.2% of the curriculum, it accounts for 15% of the weight on the guideline test. As a result, this topic provides the optimum balance of effort and exam impact, and it may be the determining factor in your grade. You just do not have three months to finish the entire curriculum, rewrite, and practice all of the questions. It'll be a complete disaster.

Use flash cards and questions to practice:

I designed three basic but highly effective techniques that I applied to each reading as I proceeded through the three levels of the CFA program:

•Step 1: Make flashcards for each of the LOS from the reading (Learning Outcome Statements). As you proceed through the reading, try to locate the answers to each of the LOS and write them down on the other side of the flashcard, mentioning the book, reading, LOS, and page number. Make a new flashcard for any new formulas, concepts, or terminology you come across. Any study guide can be used with this method. The strategy is significantly easier if you utilize Wiley because the study notes are arranged along the LOS, making the answers to stick on your flashcards practically handed to you.

•Step 2: After complete your study guide's reading, answer all of the underlying curriculum's end-of-chapter questions. Review and mark the questions you answered wrong in your question log, as well as your percent score for the reading's end-of-chapter questions. You'll see elsewhere on this page that I recommend keeping a question log. Whether tangible or digital, this is a text-based document. When you're on the go, it's much easier to use a cloud-based document that you can access from any device (Evernote would be my preferred choice).

•Step 3: Re-try answering the flashcards and hard questions you prepared in the question notebook the next day. Make sure you go over your responses several times (go back in the text and read the relevant passages if need be). Make a note of any problems you have with the flashcards or end-of-chapter questions and return to them the next day. Continue in this manner for as many days as necessary until you've mastered all of the flashcards and end-of-chapter questions related to that reading.

Rather than "passively" reading through the chapters, the technique outlined above encourages you to participate actively in the learning process. It'll undoubtedly feel weird and exhausting at first, which is to be expected given that you're forcing your brain to work more than it would if you were simply skimming the text. If you follow this method throughout the curriculum, you will not only have answered every end-of-chapter question, but you will also have practiced those questions that are particularly difficult for you numerous times until you have a firm grasp on how to respond. You'll have also designed some quite useful tools for your editing workflow. Let's try a small mental exercise.

Comments

Post a Comment

Popular posts from this blog

Step by step instructions to Do Topic-Wise Preparation for CFA Level 1

• Corporate account as I would like to think is perhaps the most scoring subjects of the level one exam. You can expect between 5-10 percent of the inquiries being posed from this part. To begin with corporate account, you need to initially comprehend time estimation of cash from the quantitative area well indeed. Assuming you haven't done that kindly proceed to complete that first and, return to this segment.  When you start, the underlying 15-20 percent of educational program would be quite self-hatching; you will be following it up from the quant area. Nonetheless, after that you gain proficiency with the significant idea of weighted normal expense, capital design and valuation which are more no-nonsense corporate account ideas. The subjects of influence and profit, these were a piece of level two educational plan prior however since the last 2 exams these are presently a piece of level 1 corporate account. Comprehend them well, questions are moderately straight forward. They a...
Post a Comment
Read more

Step by step instructions to Pass the CFA Level II Exam

Since you have finished the CFA Level I exam, the time has come to begin with the Level II exam. Level II exam is viewed as more troublesome contrasted with the Level I exam.  As indicated by the CFA Institute , just 39% of the understudies breezed through the Level II exam. In this way, it is basic that you plan your investigations well. The following is a diagram of how to set yourself up to breeze through the exam.  1. Begin early: The exam expects you to concentrate widely. Along these lines, it is a smart thought to begin early. Taking into account that you should place in at any rate 250 hours to considers, beginning a half year ahead is a smart thought. Dissimilar to the Level I exam which is led in June and December, the Level II exam is directed uniquely in June. Beginning your planning in January or February is a smart thought.  2. Get comfortable with study material: Once you register for the exam you will get the authority CFAI educational plan books, which a...
Post a Comment
Read more

CFA Exam Preparation

The CFA Test (Chartered Financial Analyst) is a globally recognized exam. Although a large number of students take this exam, only a small percentage of them pass. Aspirants can prepare for this difficult exam using online study materials, increasing their chances of passing. The CFA Institute in the United States administers the exam. The exam assesses an individual's competency in order to assist them in becoming a thorough professional. It is crucial to remember that the percentage of students that fail the CFA exam is similarly significant, as it is one of the most difficult exams. Today, students can study for this difficult exam using online study materials and software tools that will assist them in preparing for and passing this difficult exam. Students now have unrestricted access to knowledge and CFA study materials thanks to the internet. Students are now looking beyond the four walls of the classroom for guidance in order to compete in the field of financial analysis. ...
Post a Comment
Read more