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.