How Long To Study For Cfa Level 1?
Key Takeaways –
Passing the CFA Level I exam, which has around a 40% pass rate over the past years, requires following a solid study plan.Successful Level I candidates spend more than 300 hours preparing for the exam on average.The best strategy is to leave at least four months (approximately 17 weeks) to finish all the reading material.Don’t neglect end-of-chapter questions. They will help reveal weak points.Allow four weeks prior to the exam date to review questions and have practice sessions, while also setting aside at least one day to simulate exam conditions at home.
- 1 Can you finish CFA Level 1 in 3 months?
- 2 Which country is best for CFA?
- 3 How hard is the CFA?
- 4 How to pass CFA Level 2 in 3 weeks?
- 5 How long can I take CFA Level 2 after Level 1?
Is CFA Level 1 harder?
Just How Hard Is The CFA Exam? – The Chartered Financial Analyst credential is one of the most demanding exams when it comes to preparation and study time required. The average pass rate for the CFA Level 1 is only 41%, For Level 2, you’re looking at a buzzsaw passage rate of 45%,
- And Level 3 is not much easier at 52%,
- Overall, less than 11% of all candidates pass all three levels of the exam and earn their charter.
- This low overall passage rate can be partially attributable to the time commitment required to make it through all three levels,
- The study requirements are such that many people simply lack the actual time needed to adequately study the material,
Another factor that frequently adds to the challenge is the time between the exams. If you receive a ” Did Not Pass ” score on your attempt, you cannot retest for a minimum of six months, This alone can be an incredibly challenging factor, as a lot can transpire during the time before next test window. This prolonged time period is enough to discourage many people from taking the exam in the first place.
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Can I pass CFA Level 1 in 4 months?
How much do I have to study to pass the Chartered Financial Analyst (CFA) Level I exam? – The CFA Institute recommends studying more than 300 hours for the CFA Level I exam, and successful test takers report devoting around 323 hours.
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Can you finish CFA Level 1 in 3 months?
Can you study for the CFA Level I Exam in 1, 2, or 3 months? – No, studying for any CFA exam in less than 6 months will not give you enough time to adequately prepare unless you have a relevant background in the curriculum. According to CFA Institute, candidates study on average 348 hours for the Level I exam, 364 hours for the Level II exam, and 365 hours for the Level III exam.
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Which part of CFA is hardest?
Level 3 – The Level 3 CFA Exam contains two types of questions: the morning session consists of eight to eleven “constructed response” short-answer, open-ended questions based on a fact pattern. In the afternoon session, candidates face 10 item sets with multiple-choice questions constructed and presented similarly to those in Level 2.
- The constructed response questions test candidates’ understanding of the topics and ability to explain the reasoning.
- It is a good idea to thoroughly understand the theories and topics associated with the Level 3 CFA Exam to help implement problem-solving skills when studying for the exam.
- Something else to note is that the exam assesses portfolio management skills and a candidate’s ability to solve problems that might arise in real-world applications.
Many CFA charterholders consider the Level 3 CFA Exam the most difficult because of the time and thought needed to answer the constructed responses successfully. While the typical Level 3 CFA Exam pass rates are the highest of the CFA Exams, only around 56% of CFA candidates pass the exam.
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Which country is best for CFA?
Skip to content Home » blog » Can I go abroad after completing CFA® Program ? The short answer is Yes. If you wish to pursue a global career, a CFA will be an added feather in your cap. Several countries prize the CFA® designation. Countries like the UAE, Hong Kong, and other South East Asian Countries value the designation considerably.
The U.S., needless to say, being the home country of the program, values the CFA® designation greatly. Australia is another country that provides great opportunities for its members. Once you become a Charter holder, you have access to the international career network of the CFA Institute and can actively find yourself a suitable job in another country.
If you are already working in a global firm, the CFA Charter can also act as a springboard for you to get global postings within your firm. So how can you go about it?
Complete and clear all exams and work towards the 48 months work experience criteria. Then apply for a CFA ® charter. Once you are a Charter holder, access the CFA Institute website career resource “JobLine” to track and apply for jobs abroad. Alternatively, network with your local CFA Chapter members and look for postings abroad. Subscribe to newsletters and job alerts published by job portals in other countries (e.g: SEEK.com for Australia/NZ or Gulftalent.com for UAE jobs). Network and publicize your charter on LinkedIn and other career networking websites. Don’t fail to mention the Charter in your resume and use it as a keyword to get the right hits in regular job portals other than Job Line. If you are already working in a global firm, you can negotiate for a global posting after qualifying Even if you do not have a Charter, if you have at least cleared the exams, you should mention that on your resume as well.
To Know About Proschool’s CFA Prep Course Page load link
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How hard is the CFA?
CFA Exams Pass Rates The CFA exams are perhaps the most challenging exams out there. They are often referred to as ‘bar none’ the toughest exams—even harder than medical school or law school exams—with pass rates that hover around 50% and were much lower during the recent pandemic.
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Is Kaplan Schweser enough for CFA Level 1?
Kaplan Schweser CFA Reviews and Ratings – ★★★★☆ Very Good Nero Unwin • Level 2 WindsorWeek, if you can attend it, is the biggest game-changer you can give your pass chancesif budget is not a consideration. It’s expensive, my package cost US$2,699, not including travel costs. It’s basically like corporate training, but for CFA. You travel to The University of Windsor (in Canada), stay for 7-days with other would-be candidates, and get to work. They test you at the start and at the end of the week to see how you’ve progressed. You isolate yourself from your friends/family/city for 7-8 days together with like-minded candidates and just focus 100% on CFA. The instructors not only provide you with something like 60 hours of classes where you pore over the entire curriculum point by point, but they’re all CFA “insiders” that provide you with mnemonics, strategies and short cuts. The food is catered and really good. There are 3 buffet meals a day, plus unlimited snacks and drinks all day. Write your own review>> ★★★★☆ Very Good Cassie Shevell • Level 3 Kaplan Schweser wasn’t as useful in L3 as it was in L2 and L1. The main issue is that the material is very concepts-based, and I think the CFA Institute material works better. Kaplan’s summarizing is good if you have little time to study but when you need to look into deep detail to understand L3, you’ll need to refer to CFA Institute material. I would still recommend Kaplan but you’ll need CFA Institute books at hand to refer in certain areas. Write your own review>> ★★★☆☆ Good Arte Reedman • Level 1 The Kaplan Schweser course materials were very helpful in prepping for the CFA Level 1. However, the practice questions were not as difficult as the CFAI questions, so I used them in conjunction with CFA Institute questions. The online platform was very helpful, allowing me to see my average scores for each section. Write your own review>> ★★★★☆ Very Good Ezri Westwater • Level 1 A good broad section, but not all, of the curriculum is covered in the notes. I would suggest that more mock exams are provided to adequately simulate exam day questions. Write your own review>> ★★★★☆ Very Good Tammara Lamort • Level 1 The notes are quite crisp and to the point. However the level of difficulty for practice questions could be higher, at least at par with the actual CFA paper questions. Write your own review>> ★★★★★ Excellent Heath Warcop • Level 1 Amazing customer support. Amazing free pass protection feature. I love Kaplan Schweser and their methodology. I highly recommend their books for Level 1, 2 and 3. I passed Level 1 on the first shot with the Essential package. Write your own review>> ★★★★★ Excellent Barrett Oxenford • Level 2 Amazing customer support. Amazing free pass protection feature. I love Kaplan Schweser and their methodology. I highly recommend their books for Level 1, 2 and 3. I passed Level 2 on the first shot with the Essential package. Write your own review>> ★★★★★ Excellent Shea Pitrollo • Level 1 The readings were summarised and contained all the important points necessary for the exam preparation. Write your own review>> ★★★★★ Excellent cb • Level 1 Kaplan Schweser worked great for me. The package I bought included printed books, Qbank and six mocks. The materials made the content easier to understand, the Qbank strengthened my understanding, and the mock exams were indicative of my score on the actual exam. I averaged a 74% on the six mock exams I took which was comparable to my estimated score on the actual exam of 73%. Write your own review>> ★★★★★ Excellent Derick • Level 1 The Kaplan Schweser notes really prepared me extremely well for the exam. The material was easy to understand, followed a great natural flow and the end of topic practice questions assisted me greatly. The mock exams I felt were more difficult than the actual exam, which I felt meant that the material is great in preparing me for the real deal. Would recommend it to anyone. Write your own review>> ★★★★☆ Very Good Edmund Ho • Level 1 Helped me with the classes and mock exams. I also found the study notes and online portal helpful. Write your own review>> ★★★★★ Techincal difficulties of the live course is a let down. Otherwise excellent Hilary • Level 1 The online weekly course was probably the weakest of the resources, but that, undoubtedly, was due to the “live” aspect. We had multiple instances of technical difficulties. I would definitely recommend an in-person class, if available, over an online class. If one were offered in my area, I would have selected that. Aside from the class, the review materials are extensive. Of course, there can always be more questions. If one couples the K-S questions with those in the CFA materials, all topics are more than covered. Write your own review>> ★★★★★ Excellent Zacharias Papaminas • Level 1 Get the books and mocks, hit them hard, and pass. It’s L2 and L3 that you have to worry about. Write your own review>> ★★★★★ Used effectively for a last-minute cram Ava Westhoff • Level 1 I used only the notes and read through a few of the mock exam questions and answers. Since 90% of my studies for level 1 happened in the last 10 days, the notes were concise for me to be able to absorb most of the syllabus (Note: Being a qualified chartered accountant with a background in most topics except economics and quantitative methods helped in the last minute studies!) The mock test answers had explanations behind the answers, which was a bonus for me as I didn’t have the time to work out the exams and could only read through the questions and answers. One thing I would prefer is more concept checker questions at the end of each reading. I would also prefer if case studies for ethics were also included in the notes given its weightage. I had to read through case studies from the CFA institute module. Write your own review>> ★★★★☆ Very Good Calig • Level 1 Expensive but does a great job condensing the full CFAI curriculum into less than half its original size in pages. Write your own review>> ★★☆☆☆ Fair Parminder Kumar • Level 1 I would recommend the official CFA curriculum. It is more than enough for CFA Level 1. Write your own review>> ★★★☆☆ Good Hardy Marsden • Level 1 The material was a bit confusing given the time frame. But IFT videos helped a lot. Write your own review>> ★★★★★ Excellent Stevana Snelson • Level 1 With the sheer amount of base level knowledge you are required to have on the Level 1 curriculum, it is essential that you review all the concepts in a quick and efficient manner. Additionally, to fully grasp the concepts, it is necessary to do as many practice questions as possible to learn the minute nuances one might have missed in preliminary readings. Kaplan Schweser provides all of this, so it gets my full recommendation. Write your own review>> ★★★★☆ Very Good furrybean • Level 3 The Kaplan Schweser prep is definitely my go-to when it comes to studying for the CFA. I’ve used it for all 3 levels and the readings are very succinct and to the point without the background and history that’s often incorporated in the CFA texts. I do find that that the questions tend to be very easy, so if you really want to be prepared it’s good to go over the Kaplan materials and supplement it with CFA end of chapter questions. Write your own review>> ★★★★★ Excellent JDCamacho • Level 1 If you’ve done finance or economics as your major, CFA curriculum might be a bit lengthy and rambles on topics where it can be summarized in less than a paragraph. Hence, Kaplan Schweser is very helpful for people that have an average background on finance, and haven’t got time on their side. Write your own review>> ★★★★☆ Concise and simple LT • Level 1 The number one reason i like the Kaplan Schweser program is the concise and simple-to-understand notes it provides. For those challenged or pressed for time, it provides a ‘to-the-point’ type of learning which is closely tied to the curriculum. The fact that each LOS and reading have corresponding directions to the curriculum, makes it even better for reference when there is a hazy topic. Write your own review>> ★★★★☆ Very Good Geff • Level 1 Kaplan Schweser did a great job for preparing me for Level 1. With that said, it’s important to still do the end of chapter questions out of the CFA Institute books to make sure that you’ve not missed any concepts. Write your own review>> ★★★★☆ Very Good Ranjini Chakravorty • Level 1 The materials help keep the learning process consistent, specially if you are working full-time and trying to juggle everything. It prepared me very well, and I am using Kaplan Schweser again for my next CFA level. They also have a mobile app to learn on the go, which is very useful for me! Write your own review>> ★★★★★ Excellent Chuckleberry • Level 2 Providing many different avenues to study for the exam has allowed me to attack the material from many different angles. The Study Notes, Video Lectures, and even Audio Notes have all come in handy. The Online Class is what I will be reviewing right up until exam day. Write your own review>> ★★★★☆ Very Good Halsey Wolfe • Level 2 The Schweser Notes are a necessary complement to the CFA Institute’s readings, which can be quite dry since they are extremely technical and academic. With Kaplan Schweser, I was able to grasp the concepts in a more functional and easier way. Write your own review>> ★★★★☆ Very Good Dulcy Bratten • Level 2 Very good provider but Q bank needs to be only vignettes. Overall the notes and Secret Sauce helped me prepare well and would recommend to anyone studying for the CFA exams. Write your own review>> ★★★★★ Excellent jantonich • Level 1 The notes were extremely useful and concise. The end of chapter questions are far too easy for what the CFAI difficulty was – use the CFAI end of chapter questions instead. Write your own review>> ★★★★★ Excellent Pietro Grundle • Level 1 Extremely good for Level 1 and would highly recommend to anyone thinking about studying for the CFA exams. The q bank was very insightful and mocks prepared me well. Write your own review>> ★★★☆☆ Good Cathrine Cragoe • Level 1 Kaplan Schweser provides a great supplemental review because it’s more time-efficient. CFA Institute textbooks are an overall better source for study materials. Write your own review>> ★★★★☆ Lots of practice questions Icy • Level 1 I would recommend Kaplan Schweser, as it has adequate questions for practice. Their Quicksheet formula sheet is also helpful for quick overviews or refreshing your memory – I took it to exam day to study between sessions. Write your own review>> ★★★★★ Excellent Mdmutiso • Level 1 Very instrumental in helping me pass my Level 1 exam. The mocks were very helpful in pointing to my weak areas. The notes helped simplify everything. Write your own review>> ★★★★★ choose your instructor carefully – you can switch! Becky epp • Level 2 Which instructor you get is key. I switched classes half way through because I realized another professor was available. Wish I switched sooner. Dr. Holmes at Kaplan Schweser is great and you should request him. Write your own review>> ★★★★☆ Very Good Section8 • Level 2 Expensive. Schweser notes are still not exactly condensed versions of the CFAI material. Qbank & online instructional videos are fantastic. Write your own review>> ★★★★☆ Very Good gregor • Level 2 Mock exams were very helpful although noticeably more difficult than the actual exam. Video instruction and study notes are also very good. Write your own review>> ★★★★★ Excellent Ring Vassbender • Level 1 Solid platform for Level 1. End of chapter questions were very good for subject reinforcement. Expensive but in my opinion worth the money. Write your own review>> ★★★★★ Excellent Erhard Redington • Level 1 Kaplan Schweser does a great job of taking a lot of dense CFAI material and making it approachable and understandable. Highly recommend. Write your own review>> ★★★★★ Excellent Lyn-Dee • Level 1 I thought the program was really good. I bought the online weekly live videos and my only complaint was that the audio was inconsistent. The instructors were very knowledgeable and fun to listen to. Write your own review>> ★★★★☆ Essays makes practice tough Matti Massimi • Level 3 Level 3 notes are pretty good, but the format of essays mean that mocks are not as helpful as they were in L1 and L2. Better guidance on how to score points in essay and grade essay mocks would help. Write your own review>> ★★★★☆ Very Good furrybean • Level 2 For CFA Level 2 it’s so importatnt to grind through as many questions as you can. i think the Qbank in this case was the most valuable component because you get to see a wide variety of questions. Write your own review>> ★★★★★ Comprehensive Corena Shank • Level 2 A comprehensive program to prepare for the exam, focuses on the most testable topics. The video instructor is engaging and does a great job of breaking down complex concepts for candidates. Write your own review>> ★★★★★ Excellent Marmaduke Yearby • Level 2 Kaplan does a great job of taking a lot of dense CFAI material and making it approachable and understandable. Highly recommend. Write your own review>> ★★★☆☆ Good Ganesh Subramanian • Level 3 I am not sure if Schweser notes are useful for L3. I am sticking mainly to CFAI notes for L3. However, the Schweser practice exams are great and the EOC questions are also very useful. Write your own review>> ★★★☆☆ Good SebL • Level 3 Secret Sauce not greatly balanced between important/non-important content. Would have liked QBank to be more useful for Level 3. Write your own review>> ★★★★☆ Very Good Millhouse • Level 2 It is pricey, but absolutely worth it given how much simpler they teach the material vs the CFA Institute curriculum. Write your own review>> ★★★★★ Much better than complimentary stuff Rosina Schukert • Level 1 A great resource, recommended by a colleague that has been very beneficial in helping me study while working. A much more useful option than the complimentary CFA Institute resources. Write your own review>> ★★★★★ Excellent Derick • Level 2 Great provider. Provides a great overall experience in terms of prepping as well as insight. Easy to understand and practice. Write your own review>> ★★★★★ Excellent SebL • Level 2 Good material and practice questions provided for Level 2 prep, felt well-prepared for the exam and passed on first attempt. Write your own review>> ★★★★☆ Very Good JDCamacho • Level 2 Schweser does a very good job of narrowing down the most important topics and laying out in a straight forward language. Write your own review>> ★★★★☆ Might not bother with classes next time morganemurray • Level 1 Good summary of information and tons of questions to review. Classes were less helpful – I wouldn’t take them again, but you might find them helpful if you need the extra boost. Write your own review>> ★★★★☆ Very Good Shibhu • Level 1 I studied using just the Kaplan Schweser notes for 2 months and worked roughly 3,000 questions for Level 1. I passed. ? Write your own review>> ★★★★★ Excellent Nik • Level 1 The Kaplan Schweser notes were extremely helpful in preparing for the exams. They were concise and to the point. Will definitely be using them again for the coming levels. Write your own review>> ★★★☆☆ Good Clerkclaude Colbridge • Level 2 Good overall. Used a friends book from last year, so just focused on the key similarities and used the CFAI books for the missing pieces. Still think it is a bit pricey. Write your own review>> ★★★★★ Excellent Ganesh Subramanian • Level 2 Kaplan Schweser is excellent for L2. I used only Schweser notes but supplemented it with end-of-chapter questions from CFAI material. Schweser practice exams are great! Write your own review>> ★★★★☆ Makes concepts easy to understand naid • Level 1 Kaplan Schweser have been very good in making difficult concepts easy to understand. Tutors have been great at bringing the course topics alive and engaging with me. Write your own review>> ★★★☆☆ Good anon • Level 1 For Level 1, Kaplan Schweser does a great job at getting candidates to the understand and apply the concepts. The notes and practice questions are more than enough. Write your own review>> ★★★★★ Very useful Chuckleberry • Level 1 The Kaplan Schweser study notes was probably the only reason I passed the Level 1 exam on my first try. Also, access to many different practice exams was critical. Write your own review>> ★★★★★ Condensed material, nicely laid out Luelle Spaducci • Level 1 A great way to condense the material to effectively prepare for the exam, program is intelligently laid out and gives a clear path on how to prepare for the exam. Write your own review>> ★★★★☆ Very Good Millhouse • Level 1 It was pricey, but I believe it to be worth it given how much simpler to read they make the material. Write your own review>> ★★★★☆ Very Good furrybean • Level 1 I mainly used the notes and the CFA text for studying the CFA Level 1 exam. Qbank is always helpful for you to practice. I’d recommend using the same approach. Write your own review>> ★★★★☆ Kaplan is enough indigonation5 • Level 1 Kaplan Schweser was amazing. I prepared completely from that and was able to pass the CFA exam, though I supplemented it with CFA EOCs and bluebox questions. Write your own review>> ★★☆☆☆ Fair Jordan • Level 1 There is room for improvement. Not first-time student friendly – it felt very inaccessible and jargon-laden. Write your own review>> ★★★★★ Supplemented with CFAI Ganesh Subramanian • Level 1 Kaplan Schweser is excellent for L1. I used Schweser notes but supplemented it with EOC questions from CFAI material. Schweser practice exams are great! Write your own review>> ★★★★★ Excellent Jeremiah Choake • Level 1 Kaplan Schweser is a must when studying for the CFA exams. Maybe make the online content and video lessons cheaper, especially for developing countries? Write your own review>> ★★★★☆ Some concepts need more explaining Rpatty • Level 1 Sometimes I find the explanations to some concepts very high level and not as detail oriented. More detail and better explanations would have helped. Write your own review>> ★★★★☆ Very Good Geff • Level 2 Kaplan did a really good job for preparing me for Level 2. The online video instructors were terrific. Write your own review>> ★★★★★ Excellent Fran • Level 1 I’m honestly not sure if I should have kept to the official curriculum or Kaplan Schweser. I would definitely buy Kaplan Schweser again – if I pass. Write your own review>> ★★★★★ Excellent SebL • Level 1 All well and good, passed Level 1 on first attempt and quite happy with the Kaplan Schweser materials. Write your own review>> ★★★★★ Excellent Kvrdt • Level 1 Way easier to read than the CFA Institute material, and the explanations are brief and comprehensive. Write your own review>> ★★★★☆ Very Good Section8 • Level 1 Very good video instructions, especially the topic-by-topic videos. The qbank is also very helpful! Write your own review>> ★★★☆☆ Not as accurate as I’d like Sean245 • Level 1 I didn’t feel that their questions or the way they explained the material was true to the actual exam, especially the Qbank. A solid ‘meh’. Write your own review>> ★★★★☆ Good notes and Qbank Peggi Mustchin • Level 1 Pretty good notes. Excellent Q bank. Calendar wasn’t super helpful (for me, anyway) but I feel prepared just using their notes and Q bank. Write your own review>> ★★★★☆ Very Good Allen • Level 1 Good material; I would recommend taking in-person live sessions than online, you somehow learn more and learn faster when it’s live. Write your own review>> ★★★★★ Excellent Rc • Level 2 Maybe offer customized bundling of products. Excellent qbank, practice exams and mock exams! Write your own review>> ★★★★☆ Could be better Sara • Level 2 You are not allowed to put notes on your ebooks, and also the exercises in between chapters are not as realistic as in the actual exam. Write your own review>> ★★★★☆ Read with CFAI material Josh • Level 1 If you read all of the material Kaplan provides ALONG with the CFAI material you will be in a position to easily succeed at any level. Write your own review>> ★★★☆☆ Good anon • Level 2 Kaplan Schweser gives you a good foundation on the CFA material but does not get into sufficient depth on more complex areas of study. Write your own review>> ★★★★★ Good notes Kippie O’Calleran • Level 1 The notes were concise, to the point, but clear. It was very useful for stuff I had a little background in, and the topics that I knew less about it was still very easy to pick up and understand. They explained everything very well! Write your own review>> ★★★★☆ Very Good me32 • Level 1 I passed my CFA exam, so it must be helpful! It helped me focus on what to know and condensed the material to a digestable amount. Write your own review>> ★★★★☆ Great notes Azher Rashid • Level 1 Kaplan’s notes were amazing to being with and I even took the online coaching classes to help me with my studies for CFA Level 1. Write your own review>> ★★★★☆ I’d recommend them Saiket • Level 1 I would recommend Kaplan Schweser to others. The notes are quite easy to understand, although I don’t have a finance background. Write your own review>> ★★★☆☆ Good mckett • Level 2 Just did their problem set workshop; they did not offer classes close enough to me for me to take them up on it. Write your own review>> ★★★★☆ Very Good apurva saxena • Level 1 Very good provider. I’m glad that I bought notes from Kaplan Schweser. It gave me an all round review and help needed to pass. Write your own review>> ★★★★★ Great quality James D. • Level 1 Time will tell if Kaplan Schweser worked successfully, but I have been more than satisfied with the quality of the material. Write your own review>> ★★★★☆ App please! Gyudico • Level 1 Great notes, but I wish the mobile app is better. The exam it is really difficult, and it will be great to study on the go. Write your own review>> ★★★★☆ Wiley is better if you have a full-time job Babb Featherstonhalgh • Level 1 Kaplan Schweser works well. But with full 6-day, 9-to-5 work weeks, Wiley is a better option. At least, it worked for me. Write your own review>> ★★★★★ Excellent Shirleen Bracci • Level 1 Secret Sauce is magical. It really helps in the break between sessions on exam day. Write your own review>> ★★★★☆ Very Good Robbert Capey • Level 1 A very good preparation for CFA Level 1. In fact it seemed very suited for even people with limited knowledge of finance. Write your own review>> ★★★★★ Excellent Elliott Craigmyle • Level 1 Much easier to read than the CFA books, question bank is really comprehensive. Write your own review>> ★★★★☆ Very Good Lottie Boone • Level 3 The notes go straight to the point. It was really helpful to get me through the material in the fastest possible time. Write your own review>> ★★★☆☆ OK Tanis • Level 1 Kaplan Schweser notes are OK, but I wouldn’t rely 100% on them. However I know some candidates who have done it. Write your own review>> ★★★☆☆ Still needed classes and CFAI CFA 2 STUDENT • Level 1 Kaplan Schweser is great summary, but it does not replace class preparation and the official CFA Institute books. Write your own review>> ★★★☆☆ Good dimon84 • Level 3 More comprehensive coverage than others. Very good detailed explanations. Write your own review>> ★★★★☆ Very Good Juan_Pa11 • Level 2 Sometimes the study notes are not clear enough, and you need to go to the CFA curriculum to understand things. Write your own review>> ★★★★☆ Very Good Indre • Level 2 Easy, readable language and good emphasis on the most important points. A lot of practice tests and questions. Write your own review>> ★★★★☆ Used with CFAI material Dunn Tyne • Level 1 Quick and precise, easy to understand and straight to the point. Use CFAI material alongside Kaplan Schweser. Write your own review>> ★★★★★ Excellent firecar • Level 1 Did the job I was hoping for – summarizing everything so that I can learn it quicker, and learn it easier. Write your own review>> ★★★★☆ mock exams and qbank was all I needed Rafaellle Bruce • Level 1 I found Kaplan Schweser to be useful for CFA Level 1. The mock exams and q bank were all I needed to pass. Write your own review>> ★★★★★ Excellent MW92 • Level 2 Hints and tips were very helpful in identifying which concepts were most important for any given section. Write your own review>> ★★★★★ helpful and easy to understand Karanj Patel • Level 1 It was very helpful and easy to understand the details. It covers almost all the topics in the CFA exam. Write your own review>> ★★★★☆ Very Good Rupert Casella • Level 1 Very good provider. Question bank is fundamental to exam prep, and study notes are very concise. Write your own review>> ★★★★☆ Very Good Shayon Ghosh • Level 1 I would strongly recommend Kaplan Schweser to someone really motivated to crack the exam in first go. Write your own review>> ★★★★★ Excellent Becky epp • Level 1 The video lectures and qbank are key. You need to do all the questions to stand a chance of passing. Write your own review>> ★★★★☆ Very Good Sara • Level 1 helps you to save time to study, notes are so much less as in the real CFA books. not so repeititive Write your own review>> ★★★★★ Excellent Ouafae • Level 1 Good prep. I found the Kaplan material for level 2 less adapted to my studying “style” than Level 1 Write your own review>> ★★★★★ Excellent MattRim • Level 1 Excellent provider, helped a lot during my studies. Would recommend. Write your own review>> ★★★★☆ Very Good Tybalt Pick • Level 1 I passed Level 1 using almost exclusively Kaplan Schweser so the results speak for themselves! Write your own review>> ★★★★★ Excellent See Drinkall • Level 1 To cover such a lot of material in a short amount of time, the Kaplan Schweser notes were great. Write your own review>> ★★★★☆ Very Good Irwan • Level 1 Still the best CFA course provider ever. The notes, especially the Secret Sauce, are very good. Write your own review>> ★★★★☆ Very Good Bridie Dailey • Level 2 This provider gives a good basis and foundation with their notes. Write your own review>> ★★★★☆ Very Good Ouafae • Level 2 Good prep, although some parts are more a series of bullet points than actual deep explanations. Write your own review>> ★★★★★ Excellent Fletch Fishleigh • Level 2 Good quality material in a summarized version. On-demand videos and lecture slides are a must! Write your own review>> ★★★★★ Excellent Karanj Patel • Level 2 No complaints at all. Kaplan Schweser is a very good course provider and I enjoyed using them. Write your own review>> ★★★★★ Excellent vinimop • Level 2 Very good material. Their explanations are pretty clear, the material makes it easy to study Write your own review>> ★★★★☆ Very Good Matthew Bates • Level 2 Very clear and concise summary of the syllabus, with lots of tests to consolidate learning. Write your own review>> ★★★☆☆ Good Icy • Level 2 I would recommend the Kaplan Schweser notes as it has more questions than other providers. Write your own review>> ★★☆☆☆ Fair Brett Tesimon • Level 1 Concepts should be explained better, and not have to be divined from in between the lines. Write your own review>> ★★★★☆ Very Good Fran • Level 1 Yes I love Kaplan Schweser! Hope that I pass Level 1 and will buy from them again if I do. Write your own review>> ★★★★☆ Very Good mandy • Level 1 Kaplan schweser provides great study notes which can help you prepare better for the exam Write your own review>> ★★★★☆ Very Good indigonation5 • Level 2 Quite well summarised. It was a good reference nearer to the exam than at the beginning. Write your own review>> ★★★★☆ Good overall Piyush Goel • Level 2 Overall it’s good. More practice questions or mocks would be better especially for L2. Write your own review>> ★★★★☆ Very Good Matthew Bates • Level 1 Very clear and concise summary of syllabus with lots of tests to consolidate learning. Write your own review>> ★★★★★ Excellent vinimop • Level 1 Very good materials. Mock exams questions are very close of those on the real exam. Write your own review>> ★★★★★ Excellent MW92 • Level 1 Tips and hints were very useful in identifying the core concepts for each section. Write your own review>> ★★★★☆ Very Good Indre • Level 1 Easily understandable material, a lot of examples and well-organized mock exams. Write your own review>> ★★★★★ Excellent Divya • Level 1 They were really concise and helped with the understanding required for the exam Write your own review>> ★★★☆☆ No problems, a bit expensive kennedn9 • Level 1 All good. No problems with the material provided. Expensive for the pro package. Write your own review>> ★★★★☆ Very Good Egness • Level 2 Listen to the videos, they relate to the examples given in the CFA curriculum. Write your own review>> ★★★★★ Excellent Divya • Level 2 They are really concise and help with the required understanding for the exam. Write your own review>> ★★★★★ Excellent Rozella Cayley • Level 1 Overall, a good study program. Lots of practice questions which are helpful. Write your own review>> ★★★★☆ Very Good Hardy Boyington • Level 2 Overall, a good study program. Lots of practice questions which are helpful. Write your own review>> ★★★★☆ Worth it talker730 • Level 1 Kaplan Schweser is expensive but very good. I would definitely recommend it. Write your own review>> ★★★★☆ Simple and practical Audra Iashvili • Level 1 It provides simple and practical reading material. Very easy to understand. Write your own review>> ★★★★☆ Very Good Angelico Haruard • Level 1 Really summarized the notes in a condensed form, which was much appreciated. Write your own review>> ★★★☆☆ You’ll need to put in the effort Hloni • Level 1 The resources are there, but it’s up to the individual to make extra effort. Write your own review>> ★★★★☆ Pricing should be lower Riyad • Level 2 Pricing should be lower. Mock is good, but question bank needs improvement. Write your own review>> ★★★★★ Good but expensive talker730 • Level 2 Kaplan Schweser was very good but expensive. Still, I would recommend it. Write your own review>> ★★★☆☆ Good sam079685 • Level 1 Overall it seems good and would fit my purpose of learning the knowledge Write your own review>> ★★★★☆ Very Good Chimdala • Level 3 Loved their review course! Covered all the important stuff really well. Write your own review>> ★★★☆☆ Good kennedn9 • Level 2 Good quality material. Sample questions were helpful in my preperation. Write your own review>> ★★★★☆ Very Good ChrisCat • Level 2 Kaplan Schweser notes do an excellent job of explaining the concepts. Write your own review>> ★★★★★ Excellent Hermann Martynov • Level 1 Very detailed explanations and worked examples, remarkable summaries. Write your own review>> ★★★★☆ Very Good Juan_Pa11 • Level 1 Useful enough to pass CFA Level 1. I’m using them again for Level 2. Write your own review>> ★★★★☆ Very Good Pebrook Mion • Level 1 Please keep the practice questions coming! They really, really help. Write your own review>> ★★★★☆ Very Good Winne Meeking • Level 1 It is concisely written with organized topics for review and study. Write your own review>> ★★★★★ Excellent Hassan • Level 1 Valuable notes. They really added to my preparation for Level 1. Write your own review>> ★★★★★ Excellent Tobiah Van Niekerk • Level 1 I like how they condense the notes. Qbank is also very helpful. Write your own review>> ★★★★☆ Qbank not as useful Jerad Fallows • Level 2 I didn’t find the q bank as useful as I thought it would be. Write your own review>> ★★★★☆ Very Good Kim Lodewick • Level 1 The notes go straight to the point. Focuses on exam details. Write your own review>> ★★★★☆ straight to the point Averell McNerlin • Level 2 The notes go straight to the point. Focuses on exam details. Write your own review>> ★★★☆☆ Good Andree Albery • Level 1 Fair quality. I supplemented my studies with looking at free YouTube videos – that helped a lot. Write your own review>> ★★★★★ Worth it Ralph • Level 1 To start with the Value-for-Money, I was skeptical to put additional dollars into the CFA exams by buying material from prep providers. I believe that many of us candidates are. But we shouldn’t. The additional few hundreds of dollars’ help you to:
organize yourself better by giving you extra explanations on how to study, where to focus your attentionunderstand and remember the materials much better because the content is presented in different ways (read, sum-up, practice, practice!)the practice questions and mock exams are very very welcome!
To sum up, I believe that somewhat shorter materials than the official one will help you focus on what is really important and make sure you remember it. But not only for the exam, with that much reading and practice, but it also helps you remember the content for the years to come! Write your own review>> ★★★★★ Worth the money to help you pass RobH_ZAR • Level 3 Unfortunately it is expensive if you are converting from USD to another currency so it is out of the reach of many students who live in countries with a weak exchange rate. But at the end of the day I feel it is worth the money – in my case I didn’t have the time or concentration to use the CFAI books so I was willing to pay up for the materials. I must give credit to the local CFA society in South Africa as they facilitated the ordering and delivery of the Schweser materials which is a big bonus. Write your own review>> ★★★★★ Excellent package Ilise Le Borgne • Level 2 I used BloombergPrep for my Level 1 exam and passed with it, but for Level 2 I decided to use Schweser instead for some reason explained below:
Classic way of study suit a dino with pen and paper like me better.Study notes really easy to understand with applicable mini questions for every LOS. It helps a lot with right on explanations and pointing which part we should remember or highlights and which parts are not relevant for the upcoming exam.Customized Qbank that has a hefty amount of questions. This Qbank really encouraged competitiveness by comparing your score with other candidates. Good study calendar that can be customized according our own schedule and automatically arrange our study routine including the practice exam with daily guided instruction about what we have to do with great detail. Big help there, since I’m far too busy (read:lazy) to make my own calendar and adjust it when some immediate event pop up and need to adjust my study schedule.
Buy the self-study package that includes 6 full exams! For me, 6 full exams are plenty enough – I finished 4 full exams for my Level I and it definitely helped. The only minus point of Schweser Self Study is you will be alone for your study, but if you decide to take better package, it will include a live class and review classes. This means you will be studying in a small group, but it does cost a bit more. Write your own review>> ★★★★★ High quality exams Haydawg • Level 2 Kaplan Schweser’s exams are very high quality, perhaps even a tad more difficult than the actual exam. I used Schweser notes to produce my own summaries, coupled with the CFAI notes whenever material needed elaboration (primarily FRA). This strategy allowed me to achieve >70% in all topic areas in Levels 1 and 2, and I will be following this study pattern again for Level 3. Write your own review>> ★★★★★ Online and mobile especially handy CM_Franco • Level 1 The ability to review the notes online and through mobile applications has made the entire experience significantly easier to study. However, a suggestion for improvement would be the ability to review two pages at a time. When reading through the material that references a graph that is on the next page, the online platform shows its limitations. Having to flip back and forth is annoying, whereas a physical book is significantly easier to use in that sense. Write your own review>> ★★★☆☆ We need to go deeper Conny Rudiger • Level 2 Most of the time, Kaplan Schweser misses the key substance in the LOS required to pass the exam. It ignores the depth required to address the requirements of the reading. Further the video lectures more or less are the repetition of slides. Write your own review>> ★★★★☆ Good Liliane Rowledge • Level 2 Overall very pleased with Kaplan Schweser. Only drawback I can think of is that the practice questions and mocks are more quantitative based than the actual exam. Write your own review>> ★★★★☆ Fine for L1 Laetitia Karim • Level 1 For Level 1 Schweser is fine, as it is pretty much foundation knowledge only. The L1 curriculum is broad in nature and won’t require intensive depth. Level 1 is the game of repetition, so Schweser serves the purpose. Write your own review>> ★★★★★ Good supplement overall Yankee Sigart • Level 2 Overall, I think Kaplan Schweser is a great supplement for the CFAI curriculum, especially for CFA Level 1 but also for Level 2. Very helpful and the exam books are best in class in my opinion. Write your own review>> ★★★★☆ Comprehensive and timely Grannie Waything • Level 1 Kaplan Schweser’s study guide is comprehensive and timely. The team at Kaplan updates their materials each year after the CFA Institute release their curriculum, so it ensures relevance. One thing that can be improved, however, is the value for money. The video lectures are especially useful and should be made available for separate purchase. Write your own review>> ★★★★☆ Good for practice Erv Tolworth • Level 1 Without the assistance of the Kaplan mock exams and continuous practicing I would not have passed my Level 1 exam. Write your own review>> ★★★☆☆ Not as difficult as real thing Anjela Niessen • Level 1 Unfortunately the questions in the Qbank are not as difficult as the questions on the exam, which came as quite a shock. This is disappointing as the feature to make tailored quizzes is useful and a handy way to keep self-testing. Write your own review>> ★★★★☆ Very Good Lucas Davidavidovics • Level 1 Would definitely recommend the provider, although they are quite expensive. Write your own review>> ★★★★★ Qbank is great Ibrahim Mertel • Level 1 The Level 1 Qbank was exceptional. Very helpful in drilling the material. Write your own review>> ★★★★☆ Good but videos hard to follow Barbara Winspire • Level 2 L2 material was adequate, but I personally found the videos included very boring and hard to follow. Many of my friends found them useful, so I think it’s just a study method that’s not for me. I found practicing the L2 questions to be the most effective prep method. Write your own review>> ★★★★☆ L3 lacking, but still best out there Jessey Medgwick • Level 3 I didn’t find Kaplan as effective in L3 as it was in L1 and L2. I think their questions tended to be a lot more numerical, and L3 had relatively more conceptual questions, and relied a lot on understanding the ‘point’ of each study session. Write your own review>> ★★★★☆ Very Good Quinn Hartshorne • Level 2 Sadly the practice questions are not as tough as those on the exam, which came as a bit of a shock. Write your own review>> ★★★★☆ The basics are enough Gaspar Farndon • Level 1 Solid L1 provider. If you can afford them I’d definitely recommend them. The standard study notes and practice questions are more than enough. Write your own review>>
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How many months to study for level 3 CFA?
Ideally, you would take 6 months to a year to study for the Level III CFA exam, but it’s possible to prepare in 3 months if you have the right study plan and study materials (i.e. study with Wiley’s CFA Program Exam Review).
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How to pass CFA Level 2 in 3 weeks?
CRM International Wealth Management, Strategy and New Business at Credit Suisse – Published Apr 12, 2018 It’s almost May. Everybody keeps telling you it’s too late to start studying for your CFA exam. Your stress level rises. Does this sound familiar to you? It is pretty much the situation I was in a couple of years ago, except for the fact that I was registered not only for CFA Level II exam but also for FRM level I.
- I have successfully proved that it’s possible to make it with very limited time left.
- On average it takes 300 hours of studying to pass one level of the CFA exam at the first attempt.
- If you have 3 weeks or 21 days, you should study approximately 14 hours a day.
- You can make it with 12 hours a day, because you have an advantage over your peers who started much earlier.
They will have to repeat stuff they learnt 3 months ago – you won’t! 1) Postpone everything except for CFA It sounds strange, but most CFA candidates fail the exam not because they are not smart enough or even not because they did not have enough time.
Their major problem is the lack of FULL concentration. Because Level II material goes deeper than level I and requires drawing conclusions from the material you study, it is almost impossible to prepare for it in 3 week time while multi-tasking. Reschedule all meetings with friends, Sunday brunches with your grandma, freeze your gym subscription, lock YouTube, Facebook, Instagram, whatever you use on your phone.
The only app allowed is the CFA Institute app – and for coffee breaks only. If possible, send your spouse and children to the best all inclusive hotel you can find, preferably in a different time zone 2) Get good preparation materials What you need is a pen, a pencil, a sharpener, an eraser, your calculator, a notebook and good preparation books.
- If you go for the 3-week turbo option, make sure you have very well structured and concise books.
- You won’t have time to read all the CFA books available on the market.
- I used Schweser and was very happy with my choice.3) Create a little bit of peer pressure People are different but most of us perform slightly better when we are exposed to peer pressure.
Don’t stay at home – go to the closest library. Team up with your peers who are also studying for the CFA. Use lunch and short coffee breaks to socialize (after all – it will be your only opportunity to socialize in these 3 weeks) and to discuss the most difficult topics, questions, and general concerns.
- Don’t forget – a little bit of pressure is good, but too much peer pressure is destructive.4) Plan something great right after the exam CFA preparation is tedious work.
- I remember I was so happy to get back to the office and to see not only the black-white-green colour scheme of CFA books! Plan something exciting right after your CFA exam.
Probably it shouldn’t be running a marathon or climbing Everest, but put something like a short beach vacation, visit to the coolest bar, a spa day or a Counterstrike game day with your friends into your calendar. Positive motivation is so important while preparing for this exam! 5) Whatever your progress is, reserve the last 5 days prior to the exam day for mock exams only.
These 5 days are the most important in your entire preparation process. Solve as many mock exams as possible – at least 5 – one for every day. Do not try to use any shortcuts. The most efficient way I found was to: a) solve 1 vignette of tasks, b) check how many answers are correct, c) note the result to track the progress, d) go in detail through every solution, e) solve the tasks in the next vignette and so on.6) Make sure you get 8 hours sleep before the exam day The exam is mentally and physically demanding, you have to be in peak fitness.
Don’t even think about studying during the night before – it is a sure way to failure. You will probably still make it during the morning session, but definitely fail the afternoon one. Ask your neighbours to postpone their graduation party or renovation in the kitchen.
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How long can I take CFA Level 2 after Level 1?
Can I Take the CFA Level I and CFA Level II Exams Together? – No, you can not take the CFA Level I and Level II Exam together. As you pursue your CFA designation you have to pass the Level I exam to become eligible to take the Level II exam. You are only allowed to take the exam two times per calendar year and you can only take one exam every six months.
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What is the hardest topic in CFA Level 1?
Level 1 Hardest Topics – Fixed Income, Derivatives, and Financial Reporting Analysis have always been considered one of the hardest topics for the Level 1 exam. The reason is that these topics demand a lot of reading time and extensive calculations.
- Financial Statement Analysis – The most challenging aspect of Financial Reporting and Analysis is likely not the content itself but rather the abundance of information. To begin with, there are numerous differences and similarities in learning. They are treated differently depending on whether they are reported under IFRS (International Financial Reporting Standards) or US GAAP (Generally Accepted Accounting Principles), adding to complexity in topic.
- Fixed Income – Many readings in FSA are purely theory-based and are filled with terms. Readings like the bond valuation are complex and lengthy and full of complex formulas.
- Derivatives – The most challenging task will most likely be understanding how options work. There are numerous options, each with unique characteristics. These options are called contingent claims because the long will exercise the option and require the short to complete the transaction only if it is profitable for the long.