Direct Path to the CFA Charter by Rachel Bryant

我在耶和华的手中要作华冠,在我父神的手中必作为冕旒
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  1. Costs
    1. Enrollment: $450
    2. Exam: $930*3=2,790
    3. Analystnotes: $99*2 =198  VS. Schweser premium plus study package $1,499*3=4,497
  2. CFA Exam topic area weights

 

Level I

240 multiple choice questions

9-12 am-120 questions

2-5 pm-120 questions

Offered twice per year

June and December

Level II

120 multiple-choice questions which accompany vignettes (short narratives). Each vignette is followed by six multiple-choice questions.

June only

Level III

Constructed response (essay) question in the morning and multiple-choice questions in vignette format in the after.

Only offered in June

Ethical and professional standards

15

10

10

Investment Tools

 

 

 

Corporate finance

8

5-15

0

Economics

10

5-10

0

Financial Reporting and Analysis

20

15-25

0

Quantitative Methods

12

5-10

0

Asset Classes

 

 

 

Alternative investments

3

5-15

5-15

Derivatives

5

5-15

5-15

Equity investments

10

20-30

5-15

Fixed income

12

5-15

10-20

Portfolio management and wealth planning

5

5-15

45-55

Total

100

100

100

Aimed Passing score

85

80

75

Passing %

40%

40%

50%

Hours of study

350-15 hr/wk in the 14 weeks and 25hr/wk  in 45days

500-20hr/wk in the 14 weeks and 35hr /wk in 45 days

450-17hr/wk in the 14 weeks and 30hr/wk  in 45 days

Number of practice questions

1,500 practice questions

300 flash cards

900 practice questions

600 flash cards

700 practice questions

450 flash cards

 

  1. Curriculum books or study notes
    1. In level I, study notes can fully replace the CFA Institute curriculum except ethic section. See point 4. Read the handbook and do the practice questions.

In level II & III, curriculum books should serve as main study medium. Third party notes help you focus on key point.

  1. Ethics
    1. 2 pages of pamphlet-code and standards-must memorize
    2. 200 pages Standards of practice handbook
    3. Asset manager code of professional conduct
    4. Skip the curriculum’s ethics cases
    5. Attempt at least 100 practical problems
  2. Resources
    1. Allen resources: https://www.allenresources.com/
    2. Analystnotes: http://analystnotes.com/index.php
    3. BPP university: http://www.bpp.com/professional-education/CFA
    4. CFA Institute Curriculum: https://www.cfainstitute.org/
    5. Fitch Learning: https://www.fitchexamprep.com/
    6. Kaplan Schweser:  https://www.schweser.com/cfa
    7. https://www.300hours.com/
    8. https://www.analystforum.com/
    9. http://forum.theanalystspace.com/
    10. Thomson Reuters Messenger
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