How to Prepare for CFA Level 1
Once you register CFA Institute provides you with an ebook copy of the entire Curriculum. Generally, the Ebook is of about 3600–4000 Pages where examples along with the topics are provided for better understanding accompanied by practice questions at the end of each Reading.
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On average Each Reading has approx -15 Examples and about 40 Practice Questions which is equal to total 3500–3600 MCQ.
Also, do CFA institute examples on their website. CFA institute on its site in students Resources provides with a question bank which has Around 1000–1100 MCQ from the entire Syllabus for Practice and has 3 mock tests thus totaling around 720 MCQ.
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Then I had also got hands-on Schweser’s material While surfing on the Internet. Again the Schweser’s book Format is quite similar to that of the CFA Institute Curriculum. Topic Explanations accompanied by examples and end of Chapter Practice questions which in total are around 3000 or more MCQ. Apart from that, I had also Completed past mock Papers which I had Downloaded online . 10 Mock Papers = 240 x 10 =2400 Questions.
Download and completely read Wiley’s book for Corporate Finance and Financial Reporting which had around 1000 MCQ. Corporate Finance and Financial Reporting represent 25% of total Weight-age for the questions to be asked in Level 1.
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Summing up-:
- Completed Curriculum and Solved 3500 MCQ’s.
- Solved 1100 MCQ’s online from CFA Institute Question Bank.
- Solved 3 mock tests Given on site. 240 x 3=720 MCQ’s
- Did completely Solve schweser Material along with 3000 MCQ’s.
- Solved 10 Mock Papers = 240 x 10 =2400 Questions.
- Solved 1000 MCQ’s from Wiley’s.
- In total Solved 12000 MCQs.
- It is very easy to get confused between the choices as to what to do first. But get sorted and start. Spend a few more hours going through the Code and Standards given by the CFA Institute. Enjoy the rest of the day. Go out for a run. Get some fresh air. All the Best!
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