How to Crack CFA Level I Exam in 6 Months
Points to Remember
- You should follow the three key stages of learning: Plan, Prepare, and Practice.
- You need to start as early as possible and be consistent by putting in effort daily and every day.
- Create a Study Plan and need to be disciplined enough to follow the plan/ schedule.
- Write more mock tests and evaluate yourself regularly.
Understand CFA Level I Topics and Weights
Analyze the Subject, Topics, and Content of the CFA Syllabus before starting the planning. When you are beginning to preparation, you should familiarize yourself with the weights associated with each subject.
CFA Level I Topic Weights
| Topic | Topic Weight | Approximate Question Allocation |
| Ethical and Professional Standards | 15-20% | 27-36 |
| Quantitative Methods | 8-12% | 15-21 |
| Economics | 8-12% | 15-21 |
| Financial Statement Analysis | 13-17% | 24-30 |
| Corporate Issuers | 8-12% | 15-21 |
| Equity Investments | 10-12% | 18-21 |
| Fixed Income | 10-12% | 18-21 |
| Derivatives | 5-8% | 9-14 |
| Alternative Investments | 5-8% | 9-14 |
| Portfolio Management and Wealth Planning | 5-8% | 9-14 |
No shortcuts to clearing CFA other than putting in the required level of Hard work. We recommend a minimum of 300 Hours to 500 Hours of hard work and practicing a minimum of 8000 Question to 10000 Questions to clear the CFA Level 1 exam on the first attempt.
Can you study for the CFA Level I Exam in 1, 2, or 3 months?
Our Answer is No, Since you need to practice more questions, you required sufficient days to master the concept. According to CFA Institute, candidates study on average of 348 hours for the Level I exam,
1. Be Efficient & Smart: You must study and be thorough in all reading of the CFA level 1 curriculum and prepare to extent of answering any questions.
2. Practice More Questions: You need to practice more than 8000 multiple choice questions in order to get a good score in each subject. The more you can practice, the stronger you will become in applying your knowledge.
3. Mock Test: Writing a mock test is an important element in preparing for the CFA level 1 exam. It is advisable to give a minimum of 1 subject-wise test and 10 Full-length tests before going for the real exam.
4. Test Analysis and Doubt Removal: In the post-writing test, one should analyze their strength and weakness. Do the complete analysis on your ability to answer the questions on time.
- Stay Motivated: Studying for the CFA Level I exam requires a very strong level of motivation to stay focused.
Be proud and be happy that, you are one of the students who have big aspirations.
Preparation for the CFA exam itself increases your knowledge to the next level.
If you are interested in clearing CFA exams, you can contact Nesto Institute, a premier CFA Coaching center in Chennai that helps students crack these exams.