Start to prepare for CFA Level 1 Exam

CFA Level I
#1

Hi everyone, I am new to this forum. Recently, I read some of the posts from this forum, and i find that this site is very useful. I also gain support from some of the members here. Anyway, my I know my topic is old. But I just want to make sure I am on the right track. First of all, let me provide some information about myself. I am a senior at 4 years college in the US. I will graduate in December 2008 with Economic B.S degree. I have some background in finance, economics, and accounting. I am planning to take my CFA level 1 exam in December 2008. Here are some of my questions: 1) What material I need to purchase for my studying? If possible, please provide the ISBN for me. 2) How many hours of studying is required for CFA level 1? 3) What is your career goal after you get your CFA? (For my own interest) I will appreciate for all information. I hope all of us will work hard here and good luck on your studying! MC

#2
  1. purchase schweser and supplement with cfai in ethics and fsa 2) they reco 250, i personally say aim for 300 (everyone will have a different opinion though). track your hours religiously in my opinion once again 3) earn the degree at a young age and leverage it as much as possible the rest of my career. also to make as much $ as possible. no definitive job in mind as of yet (of course, who wouldnt want to be a ballin hedge fund manager) of course… i havent heard back yet on whether or not i passed level 1. talk to me in 10 days
#3

So. Beside the schweser, I also need to purchase the cfai ethics and fsa? Are you talking about these: These are the 2008 Level 1 CFA Institute Program Curriculum. Volume 1 - Ethical and Professional Standards and Quantitative Methods Volume 2 - Economics Volume 3 - Financial Statement Analysis Volume 4 - Corporate Finance and Portfolio Management Volume 5 - Equity and Fixed Income Volume 6 - Derivatives and Alternative investment So, this is all I need for CFA Level 1 exam?

#4

you have to buy all the CFA books, there is no option.

#5

Thanks for all of your response. Where can I purchase the whole package?

#6

Hello Mctsui, I too am using schweiser notes, is the other person talking abt the books that we get once we register for the exam or these are the separate books that we need to buy?

#7

Correct, you will get 6 textbook from CFAI once you finish your registration.

#8

Yes. the six CFA books and suplement with Schweser (Preferable). You can go to Schweser website and see the different packages available. Register as per in which you feel more comfortable.

#9

Hey amit, do u know something abt the cut off level for level1, like do we need to clear individual sections to pass the overall test?