|Author||Topic: Level 1 who just sat in Dec 15 exam|
my first post here :). I am in final year of under degree in Math/Stats (economics minor). (Not sure if it would help me in this exam).
I signed up for June/16 exam last month and was wondering if you guys could provide me with some input. I would really appreciate it. :)
like Schweser or AnalystNotes or just CFAI ? There are so many resources and I just don't know where to start or what is reliable :S.
I glanced over material and my main worry is Accounting part, since I don't have prior background.
Should I just stick to CFAI material ?
Thanks a lot in advance :)
|CFAI if you are free 24/7 otherwise go with either Scheweser or AnalystNotes. Much more to the point and does a great job preparing you for L1.|
With your stats background, book 1 will be a piece of cake for you. Lucky for you it is worth 27% of the exam, but that includes a section on Ethics, and dont think for a second that ethics is about being 'nice'.
You might need to rely on the CFAI texts if you dont have a background in accounting/finance..you will definitely be needing that to familiarize yourself with the basics. Maybe some extra courses at college will help, and then you can register for L1
|I hold a M.Sc.Eng and a phd in mathematics, my education is perhaps somewhat similar to yours. I worked for 7 years in the finance industry, primarily with valuation of fixed income and derivative instruments, and statistical models for credit risk management.
I took level1 this december as a first attempt. I relied solely on the curriculum, and have no opinion or experience with any material from prep vendors.
The issues where I were weakest prior to my startup were financial statements, economics, corporate finance, and equity valuation. I find the curriculum material on these subjects well written, in particular financial statements. The material is somewhat lengthy at times, but I dont think that the many pages were wasted effort reading.
The quantitative session was easy, and will be for you as well. Focus on the exercises in this area, and acquiring efficiency and speed with your calculator. It will save you important time at the exam, allowing you to focus on harder subjects.
CFA Discussion Topic: Level 1 who just sat in Dec 15 exam
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!