|Author||Topic: CFA December: Plan of Attack for a Non-Finance Person with mediocre test taking skills|
|I've considered going for the CFA before but I’ve been intimidated by the heavy accounting knowledge that even the Level 1 exam seems to require.
I have a decent understanding of basic finance concepts such as Discounted Cash Flow, IRR, Time Value of Money, etc. as I work in commercial real estate. But this is pretty straight forward stuff. Nothing remotely complicated and I know next to nothing about accounting save for one course in undergrad. My knowledge of stocks/bonds is also limited to one intro to corporate finance course I took.
I do NOT have a finance degree or an accounting degree. From my research someone with a degree in one of these two areas really has a leg up.
From what I've read the minimum hours of preparation for Level 1 is 300 hours. For a relative novice like myself I would imagine it should be more like 500 or 600 hours? or an online accounting course plus 400 to 500 minimum hours of CFA Level 1 prep?
Anyone with suggestions or input? Is is a waste of time if you are just a mediocre test taker? I am more than willing to put in the effort but the low pass rates and nightmare stories you read about are intimidating.
CFA Discussion Topic: CFA December: Plan of Attack for a Non-Finance Person with mediocre test taking skills
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.