How’s everybody doing with their studying? Three months to go! To those who have already passed Level I or feel confident with their current routine, I’m here to ask for your time management and studying tips. I have the following material: - Scheweser Books (with 6 full exams) - QBanks; how should I correctly use these questions? Answer all of them every time I finish a reading/book? Also, I work from 8:00 AM to 8PM. Work has kept me quite busy and has influenced what I’ve accomplished with my CFA studying (not much). I have gone through Book 1 (ethics and quantitative methods) and I’m halfway through Book 3 (Financial Reporting and Analysis, just finished Inventories). I really need your help with creating a detailed/strict schedule to follow in order to be able to manage work and the CFA. I know many people have done that and I really want to learn from other people’s experience. Only three months left and I feel like I’m not going to make it… I would really appreciate any response. THANK YOU so much, everyone!
Bro, for level 1 just smash that online schweser Q bank. You learn by doing the questions over and over. Keep answering the Q banks, and for the wrong ones write down the right answer. Then try it again a few days later. REPEAT REPEAT REPEAT. That is it.
Everyone will give different opinions. Personally, I did small 20Q tests on each topic, trying to get good scores, then when I felt comfortable I started doing the whole topic with 50 questions. Score as you go, and showing correct answers as you go. So after each question you just write down the answer and maybe read around it on the schweser book. Dont be disheartened if you keep getting questions wrong. This is really normal, but I can assure you the quickest way to learning that material is through repetition of the Q bank.
I would advise reading the material but if you are stuck for time, then best to just get straight into question mode. Once you are comfortably reaching around 70% in these tests you should be more than comfortable in the exam.
Work was slow for me when I went through SS1-11, and then I barely opened 12-18 until a month before (other than Easter weekend). Thankfully, they “forgot about me” for the 3 weeks before the exam, and I crammed the rest.
Other tactic is to choose when to cut your losses. If you cannot crack something highly complex, just make flashcards for the definitions in that section and pray your strengths elsewhere carry you.
If you have some background, you can often start by doing the EOC problems in the text – the answers are incredibly detailed. It’s often more efficient. Make an Excel with every reading as a row and hit the EOC to fill in the white space. Once you start getting past 1/3, you’ll be motivated to close the rest of the white space.