Title is self-explanatory. What's everyone's take?
From the past threads, I've read that CFAI material prepares you better for the L3 exam ahead, but the Schweser notes are more efficient specifically for passing.
My personal view from CFA L1 was that the CFAI Q-Bank referenced the official text which I re-read/wrote/understood via the learning ecosystem.
| +53 | How accurate is Suits? | 17 | 11h |
| +40 | I wish I went to an Ivy | 15 | 8h |
| +26 | How tall are you? | 29 | 6h |
| +13 | Trapped With No Way Out | 3 | 3d |
| +12 | Who is your current crush? | 27 | 5h |
| +11 | Deldeldel | 8 | 13h |
| +10 | For WSO users from NYC: What is your favorite NYC Football team? | 10 | 20h |
| +8 | Is there a solution to this spam? | 1 | 1d |
| +6 | Best UE/Seamless orders? | 1 | 1d |
| +4 | Andrew Tate was arrested. Thoughts? | 2 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
CFAI takes way too long, is way too wordy. I don't think I will use it for future levels, but then as you have said now, it is also more comprehensive (and is also honestly a very interesting read if you had unlimited time. Many times have I treated the CFA textbooks as an objectively highly interesting book in its own right for leisure reading). The exam is also simpler than CFAI Qbanks (due to the fact that Qbanks refer to very detailed and trivial book content that gets hidden in the sea of content lol) so I have every reason to believe that prep providers that focus on the exam itself are less comprehensive, just for learning's and knowledge's sake. Might try out Mark Meldrum tho, he knows what he's doing and is a chill dude
This is the general sentiment I've seen from other sources as well. The CFAI content is great because it's concept rich and gives a lot of the context behind the questions/answers, but the Schweser study notes were specifically designed to help students pass.
thanks for confirming. So what are you gonna use now? Ever gonna try out Mark Meldrum?
Tbh, I've used a few of his videos, but i'm just not the best with video lectures. I find I'm incredibly particular about the speed being too slow or too fast. With reading, I can breeze past concepts that click and re-read ones that don't a lot more specific to my speed/pace off study.
I'll probably use Schweser + CFAI. I have like ~5-10 month lead time, so I'll rotate between the two and see which I prefer. With CFA L1, most of it was reviewing, so CFAI was like a cinderblock of repetition. But CFA L2 is going to target my weakest areas in far more depth, so it may help to use both in lock step.
It'll take a bite out of my finances, but it's cheaper than re-writing the L2 in 2024.
I've said this before. Schweser is better on getting you exactly what you know for LVL 2, but will leave you starting behind the 8 ball for LVL 3. CFAI gives you a good set-up but takes more time. Assuming the goal is to have the letters after your name go CFAI.
I wonder how many advising otherwise have their charter.
In reiciendis soluta quis et saepe et corporis. Est modi magnam non id qui ea ipsum similique. Tempora nostrum magni esse sint amet eos. Expedita ipsam sapiente ea dolore veritatis.
Sed similique magnam esse non qui harum. Aut consequuntur consequuntur maxime molestiae. Aut sunt ratione dolores ipsam voluptatum velit veritatis quas. Qui itaque quia sint rem ut ipsum. Aut asperiores id repellat voluptas necessitatibus amet. Aut velit quo placeat eos at vel ab. Ratione impedit accusantium dicta et sunt.
Aut quibusdam occaecati sit ipsum qui eveniet. Voluptatibus necessitatibus distinctio laborum quam et ratione necessitatibus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...