The following post is sponsored by KaplanSchweser:

For candidates enrolled in the June sitting of the CFA® Program Level I exam, March quickly turns to April and April typically makes way for May at an even more alarming pace. Losing an hour to daylight savings time doesn’t help the study schedule, and lack of an effective review strategy can lead to many more lost hours over these key months.

Using this time in the most efficient manner is therefore crucial to success on the day of the exam. Ideally, the preparation phase of the journey should be finished by the end of March, and the last three weeks of May, at least, should be set aside for mock exams. Kaplan Schweser, for example, provides six full six-hour mock exams in many of their review packages. Local CFA societies also offer a live proctored mock exam which provides an essential “dress rehearsal” preparation for the real thing.

In April and the first weeks of May, your study strategy should be: question practice and debrief. For too many candidates, this means taking a quiz of 10 questions for 15 minutes, marking it, and moving on. Don’t make this mistake. When practicing questions, you should spend an average of 90 seconds answering the question. But you should spend significantly more time thoroughly debriefing it. Continue Reading »