Are there any tips that CFA Level 1 candidates must keep in mind?
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For the CFA Level 1 Exam, here are a few quick ideas from my end which you should take- Start with the Quantitative Books (Quants), which incorporate the time value of money and serve as the foundation for your other calculation-based books. Solve the Kaplan Schweser post-chapter questions. For theRead more
For the CFA Level 1 Exam, here are a few quick ideas from my end which you should take-
If your background is in engineering, you should pay particular attention to FRA, ethics, and economics because they will be new to you.
Thank You!
See lessAn extensive CFA curriculum, consisting of ten subjects with a mix of practical and theoretical components, will undoubtedly test your patience and perseverance. The entire curriculum, which is extensive, cannot be readily or practically memorized. Thus, practice is essential to pass CFA level 1. PrRead more
An extensive CFA curriculum, consisting of ten subjects with a mix of practical and theoretical components, will undoubtedly test your patience and perseverance. The entire curriculum, which is extensive, cannot be readily or practically memorized.
Thus, practice is essential to pass CFA level 1. Practice often and repeatedly. Revise the syllabus atleast 2 times and take help of the question banks by top prep providrs such as Analystprep or Quintedge.
Nothing else can be a better recommendation.
See lessHi guys, I have some useful tips to give CFA aspirants, these are as follows - Spend roughly 300 hours getting ready for the exam. Pay attention to end-of-chapter Questions. Take practice exams and do discussions about the doubts with your fellow aspirants. Invest your time wisely because it is oneRead more
Hi guys, I have some useful tips to give CFA aspirants, these are as follows –
All the best.
See lessStudy ethics from curriculum & get ethics memes Focus on overall score, rather than individual subject score Opt for a small batch size coaching, offline lectures only for clarity Majority of testing is on non numerical questions Get a handwritten formula sheet Network with local candidates StudRead more
- Study ethics from curriculum & get ethics memes
- Focus on overall score, rather than individual subject score
- Opt for a small batch size coaching, offline lectures only for clarity
- Majority of testing is on non numerical questions
- Get a handwritten formula sheet
- Network with local candidates
- Study upwards of 400-450hrs
- Read the book once even if you think leaving one chapter
- Keep complex topics like fixed income and portfolio management for later
- Take up quant & corporate finance earlier
- Take a deep breath and relax
See lessSometimes, CFA level 1 might be challenging. There are claims that level 1 is the easiest of the three and that anyone can pass it with ease. But those who use these words are already knowledgeable about finance or hold a degree of the same caliber. Let me tell you that Level 1 requires practice wiRead more
Sometimes, CFA level 1 might be challenging. There are claims that level 1 is the easiest of the three and that anyone can pass it with ease. But those who use these words are already knowledgeable about finance or hold a degree of the same caliber.
Let me tell you that Level 1 requires practice with questions and conceptual clarity. The types of questions that will appear on the tests are always unpredictable.
Therefore, bear the following in mind:
I have personally encountered instances where I have used the calculator to perform method-wise calculations while the individual sitting next to me has not. If you don’t know how to use the financial calculator effectively, I would advise against going any further.
See lessThe best tips a CFA candidate should work on are: - 1. Practice a lot. There is no substitute for practice in CFA exams. 2. Concepts to be a priority rather than math. 3. Time management - It takes 300-350 hours for each level to prepare well. 4. Take a prep course. 5. Give mock test papers and undeRead more
The best tips a CFA candidate should work on are: –
1. Practice a lot. There is no substitute for practice in CFA exams.
See less2. Concepts to be a priority rather than math.
3. Time management – It takes 300-350 hours for each level to prepare well.
4. Take a prep course.
5. Give mock test papers and understand exam time management well in advance.
6. Revise again and again.
Yes, there are several pointers that CFA aspirants should remember. Here is what I would suggest: Pay attention to what the CFA Institute says about preparation time: There are ten topics, each of which is a separate field. It's possible that after finishing just the financial reporting and analysiRead more
Yes, there are several pointers that CFA aspirants should remember. Here is what I would suggest:
Pay attention to what the CFA Institute says about preparation time: There are ten topics, each of which is a separate field. It’s possible that after finishing just the financial reporting and analysis sections, you’ll forget everything a month later. Keep a 300-hour minimum study objective in mind, especially if you haven’t taken a finance or accounting subject in college.
I wish someone had told me not to skip any subjects when I was taking Level 1 exams. While you might study at the last minute, skip a few subjects, and pass, this will only hurt you in the long term because Level 1 establishes the foundation for everything that follows. This was my fault. I did not study properly derivatives, fixed income, or economics. I somehow made it. But avoid doing this. Because of this ignorance, I am finding level 2 of CFA to be incredibly tough.
Other advice would be:
The CFA level one exam, which will determine the course of your CFA career, is a crucial, difficult, and terribly underappreciated exam. Please treat it with respect.
Thank You!
See lessBefore starting your preparation for CFA you should keep some points in your mind that will surely help to clear the exam. First and foremost, you should have a strategy because passing the CFA exam depends on having a well-defined study plan. Take into account the following actions to begin: To begRead more
Before starting your preparation for CFA you should keep some points in your mind that will surely help to clear the exam. First and foremost, you should have a strategy because passing the CFA exam depends on having a well-defined study plan. Take into account the following actions to begin:
Although passing the CFA Exam is important, your chances of success are significantly decreased if you are not in good health or taking care of yourself while studying. Make time for exercise, breaks, socializing with loved ones, drinking lots of water, and nourishing your body with nutritious foods.
Stop for a little while if you start to feel that life is just one long study session with no break in sight. Taking breaks for your mental health will help you stay calm during the process.
All the best!
See less