CFA LEVEL 1

I'm planning to take the CFA Level 1 exam in either May or July of 2021. I got 26/60 on a mock exam. Therefore, I need to study hard to pass the test.

Most of the prep materials are so expensive and my time is limited. Therefore, I need advice on which prep material I should purchase. I'm considering SchweserPro QBank. I would appreciate any advice.

Comments (6)

 
Dec 7, 2020 - 9:42am

I am preparing for CFA L1 on the same time line. I have heard the Kaplan Schweser Notes is the best.
I've been studying for about 20 days now and I find the material to be concise and very palatable.

If you want someone to study with DM me.

 
  • Analyst 1 in IB - Gen
Dec 7, 2020 - 10:10am

You have plenty of time, especially in WFH environment where now more than ever your time can be truly your own. Kaplan Schweser prepped me very well. For context, I didn't start taking it seriously until about 2.5 months before the test, I was scoring mid 60% a week before the test, took the whole week off and crammed, and got as high as i think an 83% in my mock tests right before the real thing.

 

Took the real thing, felt really unsure of how I did at the time, and ended up in the 95-99% rankings in all the categories. CFA is a global test, with a lot of people taking it who are either not as smart or hardworking as you or are struggling with a language barrier or something. If you put the time in you will be absolutely fine.

 

If you have any finance background, like a major or any work experience, you're in a really good spot. The people at my firm who struggled were those that majored in anything not finance, since the accounting and corporate finance sections can be a bit hard to understand intuitively. Most people still ended up passing. That said, studying for the CFA helped me finally understand accounting for the first time which was a cool and unexpected byproduct. I did the test for a resume boost/experience talking point but i walked away actually understanding finance way better than what i learned with the degree i received from my target school program.

 

My biggest advice is to start doing practice questions sooner than you think. I think I crammed in about 1,000 in the two weeks leading up to the exam.

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