I wrote the June Level 1 exam but I’m fairly confident that I didn’t pass. I found myself guessing on too many questions. I knew the basic concepts well enough but there were too many details and formulas that I didn’t memorize. I just didn’t go through the material quickly enough to cover everything in as much detail as I hoped. I was surprised at how long even the first pass through the material took.
For the June exam, I studied with the Schweser notes. I read the books, chapter by chapter, made notes for the important concepts and the formulas and did the practice questions at the end of each chapter. I started studying in January and by the time I got through the material, the exam was only three weeks away. I spent the last three weeks going over the Secret Sauce book, doing practice questions and a couple practice finals.
I thought that I did a reasonable job in preparing but, on exam day, it appeared like I hadn’t prepared enough. I work full time, 10 hours a day so I only had an hour a night at the most to devote to studying. My undergrad was in geology and I work for a mining company so I have no financial background whatsoever and all of the material was 100% new to me.
Anyways, I’m taking the rest of June off from studying then I want to get back into it and start preparing for the December exam. I’m hoping to get some help from everyone on the forums to prepare a study plan for the December exam. I’m planning on ordering the Schweser videos because I’ve always retained things better after hearing it rather than reading it and I’m also going to order the flash card set since that will save me a ton of time memorizing all the formulas and I’ll also order the other set of practice finals. I’m going to use the June 2012 notes again.
Once I receive the videos, I’ll aim to watch one lecture a night and take notes on the material presented. That alone will eat up approximately 90 days from today. That leaves 80 days left. I don’t think I would have time to go over the books again plus do practice questions. There’s just so much material that it’s tough to cover everything. Some suggestions on how to best allot my time would be great.