How to Study for the CFA Level I Exam

Things you should do to ensure that you pass the Chartered Financial Analyst (CFA) Level One Exam.

Things You'll Need

• study material
• time
• financial calculator
• pencils

Instructions

1. Purchase the Kaplan Schweser study material. This material is very comprehensive and will save you much study time. Make sure to purchase an extra volume of practice tests.

2. Create a study timeline that you follow strictly. Set aside 1 month before the exam to do practice problems and exams. Study at least 10 hours a week and make sure to put in at least 250 hours. There is a lot of material so make sure you put in the time.

3. Focus on the key areas of Ethics, Corporate Finance, Economics, Equity Investments, Financial Reporting & Analysis, Fixed Income Investments, and Quantitative Methods. Make sure to understand the other material as well.

4. Understand where your weaknesses on and make sure to spend the time necessary to master the concepts in those areas.

5. Make sure you arrive to the exam early with an accepted financial calculator and extra pencils. Ear plugs, extra batteries, and a watch may also help.