2 Ways to Read the CFA Curriculum Effectively [Video]
Should we read the CFA curriculum level one books in order, or is it okay to skip around? For those who don’t want to watch the video, here is the text version of the question: Should we rearrange the books, or should we read them in order?
1. Read in Order
The CFA Institute’s books are designed to be read straight through, which means starting with ethics and working your way through the entire text; borderline candidates can be bumped into the “ethics adjustment” section if they do well enough in this section.
2. Start with Your Strength or the Heavy Weight
Start where you are strong to gain the confidence you need to complete the program; some people prefer to start with the most heavily tested sections (for example, FRA) to get the most bang for their buck; this is a good strategy if you run out of time.
Most people agree that you should read ethics several times, and since ethics is the same on every exam, you should study hard for it. If you really want to skip around, I recommend working on the quantitative subjects in order.
How do I read CFA books?
The Most Effective Way to Read the CFA Level 1 Curriculum
- Read in Order. This means starting with ethics and working your way through the entire text.
- Start with Your Strength or the Heavy Weight. Another school of thought holds that starting where you are strong will give you the confidence you need to complete the program.
Which is the toughest subject in CFA Level 1?
The three most difficult topics on the level 1 CFA exam, according to CFA exam candidates, are FI, Derivatives, and FRA*, so it appears that these are the three most difficult topics on the level 1 CFA exam:
- Fixed Income (FI), Derivative Investments (DI), and Financial Reporting and Analysis (FRA)* are all examples of financial reporting and analysis.
How do you read CFA Level 1?
Plan to work through a few topical questions at the end of each reading, and to finish your notes early so that you can start working on full practice exams 4-6 weeks before the exam.
What is CFA Level 1 Expected salary?
The average monthly salary for an Entry Level CFA in your area is $4,032, which is $94 (2%) higher than the national average monthly salary of $3,939. ranks first out of 50 states for Entry Level CFA salaries.
Can you clear CFA Level 1 in 2 months?
Personal experience: How to Study CFA Level 1 in 2 Months (Extremely Comprehensive) There is no shortcut to passing the CFA; you don’t need a first class honours in finance to pass it; all that matters is how much effort you are willing to put in.
Which book is best for CFA Level 1?
Comparison of CFA Level 1 Books in Depth
- The Official CFA Curriculum.
- Kaplan Schweser CFA Level 1 Books.
- Wiley CFA Level 1 Books u2013 Our Winner for the Best CFA Level 1 Book!
- Wiley 11th Hour Guide.
- Wiley 11th Hour Guide.
What are the subjects in CFA Level 1?
Level I CFAu00ae Subjects
- Alternative Investments:
- Equity Investments:
- Fixed Income:
- Corporate Finance:
- Financial Reporting and Analysis:
- Quantitative Methods:
- Fixed Income:
How do I get CFA curriculum?
Candidates for the CFA Program can access the digital curriculum after completing exam registration, and they can also purchase the print curriculum by logging into candidate resources and selecting the print curriculum option.
Is it worth just doing CFA Level 1?
CFA candidates who passed Level 3 or Charterholder exams earned 39% more than those who had yet to pass CFA Level 1 exams, with only a 6% increase in total compensation for CFA candidates who just pass Level 1.
Why is CFA Level 1 so hard?
The time commitment is one of the main reasons for the high CFA exam difficulty level; many people don’t make it through all three levels primarily due to the time it takes to study; most people don’t have the time or don’t put in the effort.
Is 3 months enough for CFA Level 1?
CFA candidates typically begin studying 6 to 4 months before their exam, but this does not mean that 3 months is insufficient. The CFA level 1 exam requires approximately 300 study hours, which can be achieved by devoting around 22 study hours per week.
What is CFA salary?
According to the CFAu00ae Society, the average total compensation for charterholders in the United States is around $300,000, with a median base salary of $180,000 and the remaining compensation split between cash bonuses and equity or profit-sharing.
Can I get a job after CFA Level 1?
Intern, accountant or assistant accounting manager, investment administrator, fund analyst, investment product analyst, and junior equity research analyst (which is often the first step toward getting into asset management) are the job roles most likely available to you if you pass Level I.
What happens if you fail CFA Level 1?
If you don’t pass the CFA Exam, review the exam results and performance summary that comes with your score; candidates should re-evaluate their study plan and enroll in a CFA prep course. You’ll also need a strategic test-taking plan that incorporates the exam’s structure.