How long did you all study for the CFA level one?
I plan on signing up for CFA level 1 and I was wondering if people who have taken it in the past actually felt that 300+ hours was needed???
I am currently an undergrad in finance and will be in my 4th year this December which is when I plan on writing the exam (not June).
Advice I always give:
1 - Flashcards: I read the books and made my own flash cards of every equation, list and defined term, had hundreds by the time it was done. Then, on the train, waiting in a restaurant for my date or any time I had a few minutes, rather than brick breaker or some crap on my phone, I'd pass through a few cards. In retrospect, I should have kept the cards, then typed them up and printed them properly, I'm sure I could have sold them to all the keeners coming up for the tests.
2 - Practice tests: You can buy the two books of Schweser practice tests and get six practice tests. Split the costs with two friends, and it gets really cheap. Realise that you can use last year's practice tests and it gets cheaper. I'd do the tests, typically about 2 hours per half session, and then go through every question I got wrong and make sure I understood the subject material. Once you consistently score +80% on the practice tests, you can feel solid walking into the actual tests.