What is the best way to prepare for CFA Level 1?

Key Takeaways

1. Passing the CFA Level I exam, which has a 42% pass rate over the last decade, requires following a solid study plan.
2. Successful Level I candidates spend roughly 300 hours preparing for the exam.
3. The best strategy is to leave at least four months (approximately 17 weeks) to finish all the reading material.

How much time do you need to study for CFA Level 1?

about 300 hours
Successful candidates report spending about 300 hours studying for each level, ranging from 303 hours for the CFA Level I exam to 328 for the CFA Level II exam and to 344 for the CFA Level III exam.

Is CFA Level 1 hard?

CFA exams are not easy, and Level 1 is just the start. It’s tough as nails, commonly cited as one of the world’s hardest exams. But I didn’t know that it’s never-seen-before-and-by-the-way-you-could-definitely-fail tough. ​Oh, and by the way, Level 2 and Level 3 are way harder than Level 1.

Can I study CFA in 2 months?

Also, ensure you have time to go through the mock exams before it is too late. For the two months, spending an average of five days per topic will work for you. The remaining days can comfortably be used in taking mock exams and revising them.

Is CFA really worth it?

5) ​CFA charterholders receive 39% more salary on average, even after taking into account work experience. CFA candidates who passed Level 3 or Charterholders earned 39% more than those who had yet to pass CFA Level 1 exams. There’s only a minor 6% increase in total compensation for CFA candidates who just pass Level 1 …

Does CFA Level 1 expire?

No. Your results do not expire. However, your access to your detailed information does.

How do I prepare for CFA level 1?

According to the CFA Institute , you must devote at least 250 hours of dedicated study to properly prepare for the Level 1 exams. Since the Level 1 exams are held twice a year, you should start studying six months in advance of your exam.

How do I study for CFA level 1?

Here is a summary of the key points to effectively study for the CFA Level 1 Exam: Start studying 4 months before the exam (sign up well before this so you have all the material ready to go). Dedicate 1-3 hours each day to study. Dedicate 3-5 hours each day 2-3 weeks before the test date.

What is the best way to study for CFA?

Weekends and non-working days are the best time to study for the CFA. During the week, you will barely have time for practice questions, in addition to end-of-chapter questions. Therefore, plan to spend an additional two to four hours during the weekend on practice questions.

What is the CFA level 1 exam?

About the CFA Level 1 Exam. The CFA Level 1 examination is the first of three exams set by the CFA Institute which needs to be passed for an individual to become a CFA charter holder together with all of the other requirements that are needed (including 4 years of practical work experience). The actual exam consist of 2 separate papers,…