- Schweser Cfa Level 3 Quicksheet Download Google Play
- Kaplan Schweser Cfa Level 3
- Schweser Cfa Level 3 Quicksheet Download Google Drive
Winning10is: Gents. Hope you are all well. I barely failed Level 1 last December and I am looking to re-take it this coming December 2013. I bought the Schweser PremiumPlus(tm) Package last year but was looking to re-use this material this year as well as take one of those NYSSA prep classes in NYC. Does anyone think this is a good plan?
Are those NYSSA prep classes with Nathan Ronen any good? I would appreciate any honest feedback. Thanks barely failing is still failing - doesn't matter how close u get - just accept reality USE SCHWESER - i only used schweser for lvl 1 and passed - u can get by on lvl 1 w/ just using the schweser materials (and lvl 2 to a certain extent).
So at my office there were a few of us taking Level I a few years ago. Our company only paid for the test/ materials, and I was cheap so I decided to use materials only. A buddy in my group bought the Schweser books, and I took a practice test from those a couple of weeks before the test and found out that I was going to fail if only used the books. I bought the Schweser QBank and ended up passing. Followed the same strategy for Levels 2 and 3 and passed both on the first try.
The books are actually pretty good on their own, but like any class you've taken it can be hard to tell from the textbook what will be on the test. I'd personally recommend Schweser from my own experiences, but no matter what prep company you choose it helps to have someone show you what is going to be on the test. Tctc33: So at my office there were a few of us taking Level I a few years ago. Our company only paid for the test/ materials, and I was cheap so I decided to use materials only. A buddy in my group bought the Schweser books, and I took a practice test from those a couple of weeks before the test and found out that I was going to fail if only used the books. I bought the Schweser QBank and ended up passing.
Followed the same strategy for Levels 2 and 3 and passed both on the first try. The books are actually pretty good on their own, but like any class you've taken it can be hard to tell from the textbook what will be on the test. I'd personally recommend Schweser from my own experiences, but no matter what prep company you choose it helps to have someone show you what is going to be on the test.
Approximately how many months did you spend preparing per level? Which level did you find the hardest to prepare for? How useful would the be in unison to a master's in finance for example? And how useful is it when applying for positions (both paper and physical)?Prospective applicant here haha. SonnyZH: Approximately how many months did you spend preparing per level? Which level did you find the hardest to prepare for? How useful would the be in unison to a master's in finance for example?
And how useful is it when applying for positions (both paper and physical)?Prospective applicant here haha. Level 1 I didn't spend much time on at all. The curriculum basically is a summary of undergrad accounting and finance, and once I got my hand on a few practice tests to see what I needed to focus on it was fairly simple.
Level 2 has the most info of any test and IMO is the most difficult. I spent the most time on this test, mostly making sure I knew the answer to every question in Schweser's QBank. Level 3 I thought was the easiest multiple choice but the essay section is no joke.
It isn't hard but with the time constraints you have to go fast. I don't know much about master's in finance.
Just looking at Princeton's curriculum as a random example, the master's looks more difficult, especially in terms of math required. I would say Level 1 is undergrad finance/accounting level, level 2 is a step up from level 1, and level 3 isn't that relevant unless you're in.
As for its usefulness, it just depends. My guess is that traders generally won't care too much - it's more for or private wealth. There is some stuff on futures and options, though. For reference, at the fund I was working at, very few of the guys were involved in the program. It was mostly and IT guys. Wouldn't surprise me if that wasn't uncommon (sorry for all the negatives in that sentence).
Analystnotes is solid. If utilized correctly it is probably better than Schweser.
Make sure you get the expensive package w/ everything. Pros: Plethora of material Hardest mock exams/questons you will find Downloadable App filled with tons of information & test questions Cons: Can be a challenge to study from a computer screen vs. A book for that long of time If you don't mind ALWAYS studying from your computer then I would say go for it. However if you are better off studying from a book, I would recommend getting the Schweser notes ($300) and then getting some mock exams from Analyst Notes. SteelNerves: Thanks rothyman for the feedback! I can just print everything from analystnotes though, right?
I'm good with 'solid' and can study a number of different ways, especially at a fraction of the cost. Anything particular you mean by 'utilized correctly'? I'm very open to suggestions and constructive criticism so feel free to be blunt. Have a good one! Yes meaning if you take advantage of the Anaylstnotes application & the community that is behind it.
A big benefit is the community. In the app, there are forum responses below each prep question.
Basically if you don't understand it, someone in the forum already has/will explain it to you. And it's built right into the desktop application. Yes you can print out the mateiral, although that can be a pain too. I'd say for the money it is a great deal. Analystnotes is a great value.
For less than $100 you get tons of practice questions and a structured interface for covering the material through condensed notes. A few drawbacks though:. At this price point you can see the lack of editing/formatting which can be annoying and made me a little more skeptical of the material. You can find typos in the material and often the formulas are formatted weird (using only text = sq rt 1/2^4) which is not ideal. Having said that, I didn't find any content that was not accurate and many of the sections do a very good job of explaining concepts.
Schweser Cfa Level 3 Quicksheet Download Google Play
While there are a ton of questions, their system doesn't seem to have a methodology for spreading out the breadth of a module during a question session. So if you want to do 20 questions on Quant. Methods you might get 20 questions that cover 5 out of 30 concepts, and then the next time you may get questions over completely different concepts not touched on before. If you want to cover all the concepts in a module, the only way I found was to do all the questions (with some sections having over 100 questions, this would take quite some time). Some of the material may be to concise.
I found myself referring to Schweser and books to get a better understanding of material that wasn't so clear on Analyst notes. Level 1, exam prep tips ( Originally Posted: ) Anyone with successful exam experiences please tell me how you prepared for the level 1 exam?
Im currently in my last year of university and also major in finance so I thought the level 1 shouldnt be too hard for me, so i decided to sit for the dec 2010 exam. Unfortunately i didnt pass. I really wonder how other people managed to pass the exam and I hope to get some study tips or suggestions from you including time management, study material, practice exam.anything related to the prep.
Or simply tell you how you studied. I passed level one this December (I bet just barely, but who cares).
Kaplan Schweser Cfa Level 3
I would first look at your results from December and figure out which sections you need to work on. Then get the Schweser notes (if you didn't use them last time) and read through those especially focusing on those weaker sections. Once you get through Schweser take the practice tests and section review tests over and over to identify which concepts you still don't know and then study those. Send me a PM if you have any other questions. Level-1 preparation for a complete finance new-bie ( Originally Posted: ) Hello All, I am to begin my level 1 preparations by the first week of Dec,2011. I have booked for the level 1 exams to be held in June,2011.
I can allot 4-4.5 hrs on an average per weekday and a total of 20 hours in the weekend. That totals to 40 hrs per week and 150 hrs(approx) per month. I have the following questions: 1.Would I be able to successfully complete the examination if I continue this for 4 months(600 hours (Dec,Jan,Feb,May))? Subtracted 2 months in order to allow for final year capstone project at college and end semester examinations. 2.I have the institute material in hand. How do I go about it now.
Sit and read the entire material or go about with the help of Schweser notes or the like? 3.Also I don't know to operate the HP 12C calc that I bought for the exam. Does learning to operate the HP12C require additional time? Is it all that required? Please answer, I am in a state of fix. Thanks in advance. Background: Don't know a word in finance Complete new-bie Scored 800 in GRE quants (not bragging, but to give you guys an idea of my mental capability) UG: Bachelor's in Information technology Reason for taking: Integration of finance and IT in ERP implementation How badly I require: I dont have any strong points in my resume, nor any full-time experience, I believe a would give me that confidence to interview with major companies(personal opinion).
Read the Schweser notes. Textbooks are a waste of time. Use the textbooks if you really have no idea what the Schwesers are saying, but the text writes in 100 pages what the Schwesers teach you in 25 pages.
600 hours is a shitload of time. You can get thru the Schwesers in a week with a business background but for you I think you'd get thru it in a month but you'd probably want to read them more than once. If you don't know how to work your calculator to it's fullest extent, you will push yourself a lot closer to failing. Easy marks in TVM, NPV and bond type questions.
The Texas Instruments BA2 Plus is a lot easier to use than the HP 12C so if you're having trouble with the calc then I suggest trying the other one. As everyone says - the info covered is not very difficult, just a lot of it - mile wide and an inch deep. I used Schweser books as primary study material, then if I didn't understand something or needed a better reason why I wasnt answering a certain question right, I would use the CFAI books for more information. As far as the calculator goes, get the schweser books and Q bank, there is a free video tutorial on both the HP and the TI that will get you up to speed.
Schweser Cfa Level 3 Quicksheet Download Google Drive
The first book has a lot of time value of money (TVM) and cash flow (CF) chapters/problems, so this will get you very familiar with the calculators. One month is no where near enough, especially if you have no financial knowledge.
You WILL need all six months. Also with the Schweser program you can use their study calendar option that will tell you exactly what to do every day until the test day (choose 2 or 3 days off, so if you get behind you can catch up during those days).
To get up to speed on basic finance knowledge, read financial news, here you can find out a lot about ethics, economics, product knowledge. Come to WSO daily, often users ask questions regarding complex subjects you will encounter in that often have very detailed explanation from the experienced WSO users.
Investopedia.com is your friend. When you come across a term in you are not familiar with, use investopedia search engine, 80% of the time, you will find a good explanation there that is geared for someone like you. Always feel free to post here or on analystforum.com with questions (NEVER use real questions directly from CFAI or Schweser texts, this is against the code of standards which as a candidate you are required to abide by) stick to general topics, themes, etc.
If you cant dedicate six months, it is not a big deal, just make sure you start now. As you get familiar with the material and go through it over the next three months, you will realize how much you need to spend over the last three months and allocate your time accordingly. Unfortunately as somoene who does not have a good finance base, im afraid that you will defeinately need to be in the 400-600 hour space. 600 is definately enough though. Yeah I would start with the schweser notes studying if I was you, sign up for the package that includes the videos as well. Sometimes I found that if I dont fully understand something on paper, I would understand it in a lecture, and vice versa.
Just make sure to get started and dont put it off. PM me if you have specific questions down the road. Level I has wide coverage and less depth in terms of knowledge. For Calculator, I think the best way is to learn by practicing, whenever you have to solve a NPV or (or anything related with Cal), use it, and try to use it fast, since during the exam, time can be tight in finishing all the questions, and you do not want to waste any time on Cal. I remember there are instructions on how to use Cal from Schweser notes, really useful and when studying the sample questions, do not just read them, but also do it yourself for once or twice till you get the answer right.
Good luck with exam, I am preparing for 2011 level II. Focus your studying on the study guide materials from either Stalla or Schweser. This will eliminate some of the noise and really allow you to concentrate on the beefy topics of the exam. Basically exactly what you have been hearing from everyone else. And the recommended study time from the Institute is 350 hours. It sounds like your more a quant person, like myself, so the best way to familiarize yourself with the information is by doing a ton of questions.
This will also get you using the calculator. Also, check out the Institute website.
They have a tentative schedule of what readings should be covered when leading up to the exam and they basically outline everything for you. Obviously, you should pay attention to your strengths and weaknesses and address those areas accordingly, but it will give you a good start to making your own schedule. Some general notes about the from a student: I took the last December and managed to pass it studying only from the texts; however, from everything I have heard Schweser seems to be the way to go. As others have said, the texts are long, boring, and unnecessarily wordy; but you can study from them if you don't want to shell out the extra $$ for the supplemental materials (like me). Just to give you an idea how I passed, I was taking 18 hours that semester alongside my prep, and I would estimate I spent under 200 hours studying from the texts themselves.
I read through each book once and would do the example questions at the end of each section as I read. During the two weeks leading up to the exam, all I did was redo the example questions, take about 3 practice tests, and re-read the ethics portion. While no one knows the true grading policies of the, it does seem clear that the ethics portion will make or break you if you are a borderline pass. I will admit, I felt I was slightly under prepared after taking the test; however, I was a middle of the road pass so I guess I was prepared enough to be comfortable.
Seeing how you are a self described finance 'newbie,' you might want to spend a little more time. Most of my 18 hours that semester were in depth finance classes as well. Just some food for thought, take it how you will.
Advice on pre- exam prep ( Originally Posted: ) I am a first time writer on WSO and was hoping to get some feedback from individuals out there who have taken the exam. I am a junior in college and was wondering the following questions regarding the exam. 1) Generally, when does the average person take their exam? (first year out of school?
First year on the job in the finance industry?, etc.) 2) What advice would you give to help prepare for the exam while still in school, besides the obvious of taking finance courses etc.? Any books to read? Thanks WSO community! I think doing it in your final year of school just allows you to put level 1 candidate on your resume (since by the time you find out your exam results recruiting season is over) and it helps if you're applying to certain industries where they value the charter. Advantages about doing it after you get a job is that the company might reimburse a part of that. Assuming you pass of course.
Also suggest you look into applying for their Access scholarships. It wasn't hard to get imo (write a short essay, show financial need), and it lowers your exam cost to just $250.:) For L1: Read the Schweser notes, do lots of practice exams, and you should be fine. I didn't even read the textbook, though I heard it's a good idea to go through the Ethics portion of it.
Undergrad finance/stats courses definitely covered most of the material. To clear things up for some people, you're not actually allowed to take the exam until you're in your final year of study.
I graduate in December and took the Level I exam in June and passed. I can't register for Level II until I actually graduate. I studied for a full 4-4.5 months and put in about 400 hours, even being a finance student. Granted, I may have studied more than I needed to make sure I passed because I really wanted to have 'Passed Level I' on my resume before applying to jobs this fall.
At my exam center, I was one of a few seniors taking it. I believe seniors in college taking it has become more popular, but definitely not the norm. Most test takers were 22 - 30 it appeared. I would recommend: -Analystnotes.com - This is a very cheap source that provides good chapter and section summaries with practice questions as you go that show you how compare to other test takers.
They also provide decent practice exams, but I don't believe they match up well with the actual exams.Schweser notes - These can be expensive if you have to pay for it yourself. I had to pay for the exams myself, but was lucky enough to have my boss provide me his couple year old Schweser texts. If you use older Schweser books, be aware that some of the sections change from year to year. They provide great summarized version, end-of-chapter questions, and accurate practice exams -CFAI Books - Most don't actually read these as the text is just too much. However, at minimum, I recommend reading the Ethics portion from here as you'll need to know every little trick in the book. Also complete all the end-of-chapter questions from these texts.
The practice exams that the CFAI provides are also great. I would recommend doing these last.Look for scholarships.
Check your university or local society website. Makes it much easier to pay for it and I wish I would've known before.Do as many end-of-chapter/practice questions and practice exams as possible. Your first practice exam scores will be low, but don't get discouraged.Create a study schedule and stick to it.
I bought 'Direct Path to the Charter' by Rachel Bryant and used her style. It worked well for me. I have a long commute by train, so I read the text books through, made sure I could do the end of chapter tests, then acquired the Schweser notes, read them through. While I was going through, I made flash cards of every concept, calculation and definition I thought I might need to know and ran through the flash cards when the train was too crowded to pull out a text book. Once I finished going through both sets of books once, I took the mock exam from the CFAI, and read through the books again (double or triple speed on the train only). I went in with four other people and we got the two Schweser mock exam books (six exams in all $120ish?) and for the seven weeks before the test wrote a practice exam each Saturday.
After writing a test, mark it, make a list of every question I had trouble with, during the week go read the section or chapter on that subject until I was scoring 80%-90% on every practice test. I passed all three on the first go, but I put a lot of effort into being prepared.
Prep: curriculum or kaplan? ( Originally Posted: ) as many equity researchers wannabes, I am beginning to study for becoming as a way to enhance my chances to get called for interviews. But, I was wondering, where should i study? Kaplan or the official curriculum? Fact is the curriculum is awfully long and time consuming but I want to be sure that I won't be missing stuff with the condensed version. I looked up different posts on the subject but they tend to offer divergent answers so i thought it would have been better to ask the community that, no doubt, is filled with many CFAs.
Thank you for your time. For level 1, Kaplan is absolutely sufficient.
All of this debate has been had on analystforum, I would go there for talk. Also, the consensus seems to be that the is not really helpful in 'breaking in'- I have only passed 1 level but it did not result in a high rate of call backs for. Just know that you will invest at least 800 hours and $4k for the credential and once you finally obtain the charter (if you are able to fulfill the work experience requirement), loyd Blankfein and jamie dimon dont show up to your apartment with bottles of champagne. Help for Level 1 exam preparation ( Originally Posted: ) Hi All, I am registered for my CFA level 1 exam this December. I have specific questions regarding the exam preparation: - I am from an IT background in the financial services sector. I am engineer by education and currently work as a IT Risk Advisory consultant. I have about 4.5 months starting tomorrow.
I firstly want to know whether or not it is possible for me to clear the test in this period, considering that I do not come from a finance background? If yes, how many hours will I have to dedicate per day considering that I am starting from scratch? I am willing to work up to 3 hours a day if need be. Adding on to my first question, I want to know from you seniors out there how I should structure my exam preparation? I have the schweser notes and practice tests with me.
Which sections should I start working on first and which next, and so on. Any help in this regard will be highly useful to me. I really want good advice, as I am going to focus my full attention to this exam in the coming months. Regards Krishna. I passed level I with only the Schweser notes and did their practice exams afterwards, passed with flying colors in under two months of study. But I have a background in Finance. So you should be more than fine with 4.5 months.
This was the order that I found to be most efficient based on my experience. 1) Finish the quant section first 2) Then fixed income, alot of applications of time value of money that's covered in quant 3) Then corpfin,(npv analysis, more applications of time value of money) 4) Equity or accounting or econ, doesn't really matter which first, (equity is the easiest section of level I imo, it is also the most heavily weighted if i'm not mistaken, so this is the section you should try to ace) 5) Don't doze off on ethics, just devote half an hour a day reading it.
The sentence structure and syntax of this part can get tricky, and this section is difficult, if not impossible to cram for last minute 6) tbh i dozed off on derivatives and skipped alt investments entirely, I did well enough on 1-5 where I can afford to miss these. It's ill-advised, but if you're under a time constraint, these are the sections I would devote less time towards (they are not as heavily weighted anyways). Everyone's mind works differently, but this is what worked for me, hope this helps and best of luck. I didn't touch the actual curriculum CFAI gives u, i don't think its necessary and u can just use them as reference if you have a hard time understanding the schweser notes. You can pass the exam in 4.5 months but you might have to put in more than 3 hours a day since you do not have background in Finance, and not to mention Accounting (heavily tested on level I). I passed level 1 with less than 3 months prep using Stalla, but like Lubu, I have a Finance background and did not open the CFAI books either.
Since you don't have Fin, Acct, or Econ background I think you should be fine if you read ALL your Schweser notes and do ALL the EOC question and the example problems from the CFAI books and Schweser. CFAI EOC question is a must for you. I do not think the order in which you study matters as long as you study everything, I studied Ethics last and spent the most time in Accounting (heavily tested) and worked my way down to the lightly tested topics. Get the schwesser review, read the book, do the exercises, and then do ALL the practice exams.
Youtube hd video downloader free. Review and where to download: 3.
Well although this is not completely legal, but a friend of mine downloaded the CFA schwesser level I notes online for free on some site (use your google skills). You might want to take a loot at that, but if you like it and use it to study: don't be a pirate and buy the actual books. The people writting the Schwesser review did a really good job, and seeing people shamelessly using their work for free is very unpleasant. Remember, you will always be a salesman, no matter how fancy your title is. My ex girlfriend. I'm working on LIII right now.
Have yet to fail a level. First off, don't even think about the June 2009 exam yet. If you plan to take LI in December, you're still a little early to begin work. It takes 5-6 months total. This is my strategy (and it has worked for me and many others): Read ONLY SChweser notes.
CFAI texts will be mailed to you after you register, but they suck - long-winded and too much info. SChweser covers t6he essential shit in 1/3 the time. I do use CFAI texts for the practice problems. They must be covered. If you want to go crazy, you can order the SChweser question bank which has 5000+ questions, but I think it's overkill if you do Schweser Notes and CFAI practice tests. LI is easy (It gets tougher on LII).
I passed with maybe 125-150 hours, but most people do 200-250 over a 5-6 month time period. Did most of you get through Level I when you were in your final year as an undergrad? I'm probably going to take the approach of studying for the GMAT over the summer (hopefully I'll have some time) and during the first semester of my final year to make sure I get that out of the way. At this point, I think it is more important for me to concentrate on the GMAT. However, the CFA designation is something that I've been thinking about pursuing.
Even though I've heard differing opinions on it, I'm still trying to determine when I would even get the time to study for it once I graduate and start working full-time. I, for one, enrolled into CFA Program after graduation (though I think enrolling earlier rather than later is actually a good idea). Joemontana: I of course respect your opinion about Schweser as a better source for preparation.
Just given that for me personally, CFAI textbooks served very well at all 3 levels, and I didn't use Schweser (other than Schweser practice exams for L2), of course I have no reasons not to recommend using CFAI materials. Besides, everyone who registers for exams automatically gets all CFAI materials, so Schweser is also an extra cost:).