How far are you in the CFA® LI Exam for Dec?
It's coming towards the end of August and I have just started the Financial Reporting and Analysis book. I've already completed Economics, corporate finance, and Quants. (I decided to take an unorthadox approach in the prep by not taking the usual route).
Within the first week of October I should be done with the rest of the CFA® material, only if I continue with my prep and if nothing unexpected happens to my schedule.
So this would leave me with close to 6 weeks for review and test prep. Is this good? How far are you? Like my unorthadox approach?
Appreciate it monkeys!
P.S.
I know this has nothing related to the CFA®, but I found this video about Wall Street VERY interesting. It's called Wall Street Warriors. Check it out.
Haven't started yet. Should be somewhat easy though since I've covered everything in my MSF.
Finished Econ and Quant books. Currently on the Financial Reporting and Analysis. I'm wondering how much of it is going to be memorizing formulas or just general concepts. Obviously, you should know things like PV equations. What about smaller or less useful equations??
5-6 weeks for review and practice tests should be enough time.
Thanks! Let's see after finishing the material if I'll still have 5-6 weeks of prep time remaining lol
You work full time or what? 5 weeks should be extremely enough for you to start with 0 if you are still at school
Unfortunately, I lost my job and instead I'm preparing for the CFA. But I am actively (no kidding, really I am looking for a job via networking and websites) looking for work.
I'm on LOS 11. Stats is going pretty slow for me, lol
I did the Stats, and lucky for me I'm a stat/math/econ guy so it wasn't bad. I didn't really pay too much attention to the probability chapters. I've always hated probability. But I like the z, t, chi-square, and F-test. I thought that part was fun : )
Has anyone seen the Youtube link that I've posted?
That video is olddddd. I remember seeing that when I was still in undergrad.
Yup it's from '06, but it just makes you want to make $ and work on Wall Street. Kinda motivates you to make it work, right?
Im so happy. Just finished applied stats. I think Im gonna leave Econ til the end, and breeze through the other shit.
On a side note: Do you think we actually need to be able to calculate all of the critical values and test statistics for X2 and F-tests, etc from memory?
Last time I took level 1, I don't remember ANY questions relating to these stat questions. I think the key is to remember how to calculate the test statistics for each of the chi square, Z, T, and F tests.
What other chapters you need to complete?
Haven't started, plan on putting in 2-3 hours a day after work starting in September. This should be more than enough time right?
REALLY?!? 2-3 hours a day from next week onwards and you haven't even started the material. How is this possible? Aug 27 (tomorrow) is the last day to sign up to pay $765 otherwise you'll have to pay $1000.
I don't know your background and if you've taken it before, but I think you're cutting yourself short. But good luck with this strategy!
Meh. I'm a finance major going into senior year. I've had courses cover the corp. fin, econ, stats, and securities analysis so they shouldn't be too bad to cover. I'm doing a co-op term in sales and trading so I plan on just studying after work at my desk or in a boardroom. 2-3 hours each day would get me to the 250 they suggest but I'm not sure I'll need that much.
Starting it in November
November is the month to review and take practice tests. How can you possibly start the cfa material in November?!?
This is why 2 out of 3 people fail the exam...
But I don't get it, why are you waiting till the last minute? Start Today
Removed
Removed what?
I think you might be OK, actually. I just did the entire FRA book in a day, which included: reading the LOS, reading the LOS summary at the end of the Schweser chapter, then doing the CCs.
Quant and ethics went really slow for me, but I think I'm gonna haul-ass through the rest.
You think I might be on schedule? (Not sure who you talking about). Wow you did FRA in one day, that's AWESOME! I'm just finishing the Income Statement CC.
I meant Funda-mental, lol. But you're probably fine too. (but I'm no expert)
Also, how close did you come to passing last time you took it, 1609?
Any particular place you struggled, or reason why you failed?
I took it back in Dec 2010. First few weeks I was killing the material, but then 2 months before the date, I didn't even bother studying. I just decided to wing it, and of course the results showed that. Band 7 I think I was in. But this time I'm amped up, I'm ready and I just finished the Income Statement CC and out of 22, I got 17 right. Not bad huh? I feel good this and as time progresses closer to the date, I'll feel more prepared.
Don't forget tomorrow (Aug 27) last day to pay $765.
Already paid, got a scholarship - so Im just paying for the books. My cheap-jew company (WFC) doesnt pay for the CFA, so I applied for a need-based scholarship, lol (based on my stub-year W-2)
I didn't know you can get a scholarship. Which one did you apply for?
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