2024 CFA Level I Exam: CFA Discussion Topic: Study Plan HELP!! Failed June, Retake December

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Topic: Study Plan HELP!! Failed June, Retake December

Author	Topic: Study Plan HELP!! Failed June, Retake December
Pitter @2015-09-23 23:57:59	Hey guys, I failed Band 7 in June and I am registered to take it again in December. I am having a bit of an issue getting back into the study process and I am seeking a bit of help here. I am going to give you all a bit of background of myself, my experience with CFA, and my plan moving forward? please give me some advice! First of all, here are my results from June: Alt Inv: Corp Fin: 51-70% Deriv: 51-70% Econ: 51-70% Equity: 51-70% Ethics: 51-70% FRA: 51-70% Fixed Inc: 51-70% Portfolio Man: Quant: 51-70% My background: I am a political science major who is not necessarily looking to get into Finance. I have zero experience in the field and when I started studying for level one I was literally starting form zero knowledge. Using only textbook and analystnotes pro package, I put in about 300-400 hours of study from December - June in order to hit band 7. My tests started in the 30% range and I raised myself to a 70% right before the test. I am confident that with the right studying schedule starting in September, and with 1 week off work right before the test, that I have a really good chance of doing it this time. I am interested in CFA for a couple of reasons. One reason is that I find it genuinly interesting. Another is that I see it as just another short term goal to work on and improve myself. And, finally, I would really like to get an MBA from a good university one day but my GPA was quite low so I am hoping a CFA level one will improve my chances of getting into a good school by a lot when I decide to apply in a year or two. Actually, I have a good job right now as the marketing director for a small company in Shenzhen, China and I see marketing as my probable career path in the future. Even if you guys think this is a waste of time now, I am so happy to try and do it because I love the challenege and the opportunity to improve myself, even if it is for no direct benefits. Down to business? Like I said, from zero knowlegde, it took me about 4.5 months and 350 hours of study to hit Band 7 in June. My basic idea right now is to start in September and go over 1 three hour test every week until mid-november. I am hoping to get through 7-8 tests total (Schweser practice tests + 2 CFAI1 tests - last junes and the new one for december) by test date. I want to simply ignore the readings totally this time and ONLY do the tests. I feel that this was the most important part of my study process last time and so maybe this is all I need to throw me over the top this time. Do you guys agree? Is there any other advice for me? Sorry for the long winded post!

Author

Topic: Study Plan HELP!! Failed June, Retake December

Pitter
@2015-09-23 23:57:59

Hey guys, I failed Band 7 in June and I am registered to take it again in December. I am having a bit of an issue getting back into the study process and I am seeking a bit of help here. I am going to give you all a bit of background of myself, my experience with CFA, and my plan moving forward? please give me some advice!

First of all, here are my results from June:

Alt Inv:

Corp Fin: 51-70%

Deriv: 51-70%

Econ: 51-70%

Equity: 51-70%

Ethics: 51-70%

FRA: 51-70%

Fixed Inc: 51-70%

Portfolio Man:

Quant: 51-70%

My background:

I am a political science major who is not necessarily looking to get into Finance. I have zero experience in the field and when I started studying for level one I was literally starting form zero knowledge. Using only textbook and analystnotes pro package, I put in about 300-400 hours of study from December - June in order to hit band 7. My tests started in the 30% range and I raised myself to a 70% right before the test. I am confident that with the right studying schedule starting in September, and with 1 week off work right before the test, that I have a really good chance of doing it this time.

I am interested in CFA for a couple of reasons. One reason is that I find it genuinly interesting. Another is that I see it as just another short term goal to work on and improve myself. And, finally, I would really like to get an MBA from a good university one day but my GPA was quite low so I am hoping a CFA level one will improve my chances of getting into a good school by a lot when I decide to apply in a year or two.

Actually, I have a good job right now as the marketing director for a small company in Shenzhen, China and I see marketing as my probable career path in the future. Even if you guys think this is a waste of time now, I am so happy to try and do it because I love the challenege and the opportunity to improve myself, even if it is for no direct benefits.

Down to business?

Like I said, from zero knowlegde, it took me about 4.5 months and 350 hours of study to hit Band 7 in June.

My basic idea right now is to start in September and go over 1 three hour test every week until mid-november. I am hoping to get through 7-8 tests total (Schweser practice tests + 2 CFAI1 tests - last junes and the new one for december) by test date.

I want to simply ignore the readings totally this time and ONLY do the tests. I feel that this was the most important part of my study process last time and so maybe this is all I need to throw me over the top this time. Do you guys agree? Is there any other advice for me?

Sorry for the long winded post!

CFA Discussion Topic: Study Plan HELP!! Failed June, Retake December

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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.

CFA Discussion Topic: Study Plan HELP!! Failed June, Retake December

Tamara Schultz