AuthorTopic: CFA L1 after FRM
jaircesario
@2018-07-01 05:06:19
Hi,

Could someone shed some light on the amount of time as well as effort required for CFA L1? I'm done with both the parts of FRM.

Also what are the ideal resources for preparation?

Thanks
buhdda
@2018-07-03 10:31:40
25% more effort for CFA L1 than FRM L1 mainly due the size of the curriculum in comparison with FRM.

New things you will encounter are Ethics, Economics, FRA

Your advantages: Quantitative, Fixed Income, Derivatives, some parts of Corp Finance, Portf Mgmt

The other topics are bearable.
jaircesario
@2018-07-06 11:44:02
That was quite detailed thanks.

Follow up, will I need the staple 300hrs of prep or will I be able to speed through?

And what resources should I be using to prepare for the exam?

Also, are there major differences as far as the exam is concerned besides the portion- as in the question style etc?
tombalabomba
@2018-07-18 10:25:33
300 hours is a benchmark that does not fit everyone. In my case, for example, I didn't count the hours I studied, I counted the exercises I solved, which is a more tangible measure of the performance evolution you have developed. If you want to know my opinion, knowing you have passed both FRM exams you will need lesser hours, however, the exam style could be different, so practice a lot of exercises.

I know that FRM exam is 4 hours straight in the morning and 4 hours for the part II but it is optional to take it in the same day, so I think you are used to do 4-hour exams only. CFA exams are 3 + 3 hours in AM and PM sessions, so this is a point to consider. Practice mocks.

The questions give 3 options only, not 4 like the FRM exams. I think this is an advantage for you.

The key word is "practice." Good luck in this new journey of yours!

CFA Discussion Topic: CFA L1 after FRM

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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.
Tamara Schultz

Tamara Schultz