|Author||Topic: Can anyone suggest a new graduate ways to prepare?|
I am a fresh graduate with a first class honours degree in Communication and Electronic Engineering.
I am new to CFA and I have no idea where and how to start doing it. Since I have no finance study background,
I am planning to sit for the next Dec's CFA Level 1 exam so that I have more time to prepare for the test.
Can anyone suggest me ways to prepare?
Could anynone please tell me where and when to register for Dec CFA Level 1 exam. I know that you can register for the next June CFA Level 1 exam in November. How about Dec CFA Level 1 exam? I know that next Dec is far away but I need more time to prepare.
Can I use the CFA Level 1 study guide and study material provided by CFA of 2013 and 2014 to prepare for my Dec 15 CFA Level 1 exam before I get the latest study guide and material?
I mean I want to study the previous study material and use the old study guide to get the understanding first then study the study guide and material for Dec 15. Will it help me?
Is it difficult for a non finance student to pass CFA Level 1 exam?
Can anyone please give me advice on how to prepare for the CFA Level 1 exam?
Will it help if I take up CFA tuition?
Thanks in advance for your help.
|Here is the lowdown. You can't sign up for DEC 2015 yet. Probably next year. You need the 2015 material because the CFA institute changes the material a bit each year. Its not a must but you will be disadvantaged if you don't have the most up to date material. You can use old material to begin your studying now.
Since you have no finance background I would first take a basic accounting course. It is a huge part of the test and you will have a good chance of passing if you nail FSA. Otherwise get the books ASAP and start studying now. The longer you study the better your understanding will be and the more practice tests you can take. Just put in the time and you should pass.
I found this and I hope it can be helpfull at some point.
HOW TO PREPARE FOR AND PASS THE LEVEL I CFA EXAM1
Jack S. Rader, CFA
Passing the exam requires considerable effort. The more you do to prepare, the more likely it is you will pass.
This article is based on interviews and discussions with successful candidates [ ... ]
The Big Picture: What You Should Know About the CFA Program
Passing the CFA exam requires:
- Hard work.
The more you do to prepare, the better your chance of passing the exam.
The CBOK is organized into four major topics:
1. Ethical and Professional Standards
2. Investment Tools
3. Asset Valuation
4. Portfolio Management
- The emphasis at Level I is tools and inputs and includes an introduction to asset valuation and portfolio management techniques.
- The emphasis at Level II is asset valuation and includes applications of the tools and inputs in asset valuation.
- The emphasis at Level III is portfolio management and includes strategies for applying the tools, inputs, and asset valuation models in managing equity, debt, and alternative investments for individuals and institutions
Ethical and professional standards are covered at all three levels of the curriculum
The Four Keys to Success in the CFA Program
Charterholders we have interviewed tell us there four keys to success in the program.
1. Understanding the Purpose of the CFA Curriculum
The purpose of the CFA Program is to help candidates learn. CFA Institute has done an excellent job of testing knowledge rather than the ability to simply memorize lists.
2. The CFA program is based on self-study.
The Candidate Curriculum Committee (CCC) and CFA Institute staff choose curriculum materials to reflect the CBOK. The curriculum in turn provides candidates with detailed information on what to study. According to the 2015 Level I CFA Institute Study Guide:
- The CFA candidate curriculum uses two types of learning objectives:
1. Topic-level learning objectives and
2. Reading-specific learning outcome statements (LOS).
- A collection of topic-level learning objectives and reading-specific LOS makes up each study session; the primary purpose of topic level learning objectives and LOS in the CFA curriculum is to enhance candidate learning.
LOS help you understand how each reading addresses the learning objective for the topic, and for a particular reading the LOS indicate what you should be able to accomplish after studying that reading.
As a Level I candidate, it is critical to understand that you must learn the material that CFA Institute wants you to learn. Let the LOS be your guide when you study.
3. The amount of preparation necessary is significant.
Don't let anybody kid you. You have to put in the time studying and you have to study smart - that is you have to be:
- Efficient in what you do because there is a vast amount to learn.
- And you have to be effective - you have to master the assigned material (you must learn the material not just memorize parts of it!!!).
This means you need a disciplined study program. It will take more than just looking over one study session a week for 18 weeks - a lot more.
A note: At Level I, candidates who have an undergraduate or graduate-level finance degree will have an advantage over candidates who do not.
|Make sure you can do every review question for every SS on this site. If you can do them all then you should be fine.
It is very good and great practice and preparation from this site.