1. Put in a lot of practice time!

Because the CFA exams are so long (6 hours for each level), time management is essential. It’s one thing to absorb information; you’ll also want to put it into practice so that you can improve your recall and ensure that you’re understanding the questions. Start with the CFA Institute’s books, which contain a plethora of mock exams and practice questions. Then, identify your weakest subjects and concentrate on reviewing them. Then, at least two months before the exam, begin taking mock exams. Free mock questions can be found at the end of this blog.

2. Don’t waste time.

About 285 hours of study is recommended by the CFA Institute. However, depending on your background, time management skills, and prep course, you can make the most of each hour, reducing wasted study time significantly. For example, with The Princeton Review, you should be able to put your distractions aside and complete your Level I CFA exam preparations in under 120 hours.

3. Develop a study plan

Setting aside that time and committing to staying on track is critical. By spreading the required work out over six months, you not only establish a solid routine that allows you to digest all of the material, but you also give yourself some leeway to reschedule your study sessions if you fall behind.

4. Focus on concepts

The CFA exams are becoming more conceptual, particularly the Level I exam. Concentrate on the most important formulas for the exam and provide a formula sheet that highlights common-sense applications and how to derive any additional information you might require. Finally, you’ll want to figure out which formulas you can skip if they’re consuming too much of your time.

5. Know your financial calculator

You’ll be able to bring one of two calculator models to the tests. Practice with your chosen device ahead of time so you know exactly how to use it. Once you’ve gotten the hang of it, you should be able to rack up some quick points right away.

Login and start practicing

0%

0 votes, 0 avg

5 questions will be shown from a total of 30 free practice questions to prepare you for CFA level 1 exam. Enjoy!

1 / 5

1. The early 21st century saw a few significant stresses on the stock market. The markets dipped deeper and more quickly than many were expecting might happen.

Which of the following statistical metrics most accurately describes this event?

A. Low mean

B. Positive skewness

C. High kurtosis

2 / 5

2. Medialink is an American company specializing in business intelligence consulting. One of Medialink’s current project is a 2-year commitment with Isotics, with a total estimated revenue of USD2.0 million and estimated cost of USD1.0 million. Costs are expected to be spread out evenly over each month.

After the first month, under IFRS, Medialink’s recognized revenue is expected to be closest to:

A. USD40,000

B. USD80,000

3 / 5

3. Which of the following statements relating to obstacles to efficient allocation of resources is/are most likely incorrect?

I: Price ceilings set below the equilibrium price lead to shortages, bribery, poor quality and black marketeering.
II: Subsidies decrease equilibrium quantities and lead to dead weight losses from overproduction.
III: Production quotas decrease equilibrium quantities and lead to dead weight losses from underproduction.

A. Both statements I and III

B. Only statement II

C. Both statements I and II

4 / 5

4. If you were to finance a $25,000 car purchase with a 6 year, 5% compounded monthly loan, your monthly payments will be closest to:

A. 400

B. 420

C. 410

5 / 5

5. Keisha is looking to avoid purchasing power risk as much as possible. She should consider investing in which type of security?

A. Bullet bonds

B. TIPS

C. Floats

Free sign-up(click) to

1. skip this part 2. access all free questions 3. show explanations

Your score is

The average score is 61%

LinkedIn Facebook

0%

Practice Again