标题: Passed LI/How long it took/What is your background [打印本页] 作者: rosemary2011 时间: 2011-7-13 14:38 标题: Passed LI/How long it took/What is your background
Just looking to get a better idea of how long it took people to pass this monster. I have a fairly limited background in finance. I have my series 7 but do not have an in depth knowledge of accounting/stats/economics...etc I definitely do not have a math background but do use some key concepts at work in all categories mentioned. Would like to know about that much or more about others who have passed as well as the amount of study time per week and how many weeks people took.作者: Bluetick1010 时间: 2011-7-13 14:38
It took me 20 weeks at about 15-20 hours a week. Passed in 2007作者: Daniel1985 时间: 2011-7-13 14:38
That is not bad at all...what is your financial background, education and work experience wise mpnoonan?作者: draz 时间: 2011-7-13 14:38
5 years working at BB. finance and international business bsba. masters of security analysis and portfolio management作者: pogo 时间: 2011-7-13 14:39
Thanks for the replies mpnoonan and razedge. Your background is in quant razedge? this is exactly why I ased this question. I keep getting told taht just a couple of months should do it, but I feel that it is not enough. I don't have the extensive background that you guys have. i feel like the 240 hrs is insufficient. Anyoen else out there with only one to two years of finance experience school/work who has passed LI作者: leadcfa 时间: 2011-7-13 14:39
Passed L1. I think it took around 250 hours - watching Schweser online classes, doing tests and mocks. I have not read any books.
I studied Linguistics, long time ago did a basic 3 months accounting course (may be 2 times a week 1 hour), a Finance for non-professionals weekend executive course. That's pretty much it. Working in a Marketing Dept.作者: Siddimaula 时间: 2011-7-13 14:39
Tania did you say you passed without reading any books?作者: Jolyn 时间: 2011-7-13 14:39
Soddy1979,
yes, I was too lazy作者: thisisbrianly 时间: 2011-7-13 14:39
So what did you do? Watch the classes, take notes and then study from your notes?作者: waldziuchna 时间: 2011-7-13 14:39
I don't think, actually I know, that would not have worked for me.
Well done anyway!作者: suyash1989 时间: 2011-7-13 14:39
Thanks, Soddy 1979, it was kind of funny when I got the results, a little unfair I guess. But... I am hooked up for the 2nd level. May be that was the whole purpose of 46% rate作者: kamara5 时间: 2011-7-13 14:39
As a matter of interest will you read the material for L2?作者: btcapital 时间: 2011-7-13 14:39
Well best of luck anyway.作者: Ionutzakis 时间: 2011-7-13 14:39
i think you can absolutely pass if you put in aroudn 350 hours of solid study
1. read CFAI
2. do all CFAI questions
3. do QBANK REGULARLY!!!!!!!!!!!!!! do a 60 question practice exam every week that covers all the material you've read to date. That was my mistake the first time. I didnt utilize qbank.
4. do CFAI mocks.
I know for sure that i could have definantely passed the first time had I worked QBANK heavily (2000+ questions) and worked the CFAI mocks...that was the key for me the second time.作者: draz 时间: 2011-7-13 14:39
Passed L1
Spent around 20weeks ( schweser only and CFAI for ethics only)
Weekdays around 3 to 5 hours
Weekends around 6 hours to 9 hours
No day off
B.S Accounting
MBA / Strategic Management
6 years work experiance in Asset Management ;)作者: dontknow1987 时间: 2011-7-13 14:39
Wow Taniamadrid very impressive, it is amazing how different people learn in such different ways nice job...and Mona, you had me excited there for a minute, I was thinking that, that is definitely a doable time frame. Then I read on and saw your qualifications. Such is life . I appreciate all of the input so far. I am probably going to be at it for 250 plus.
I am thinking that I will study Schweser, Qbank 'till I puke and CFAI ethics作者: sdada 时间: 2011-7-13 14:40
I started studying from the first week of Jan. Put in 2-3 hours every day. Used only CFAI texts and made sure I did all the questions at the end of each reading. Passed.
I must confess I totally messed up my time management. I couldn't even give a glance to Alternative Investments and Derivatives section. Used all my creativity to answer the questions. . But I was still confident because these sections do not carry much weightage in L1.
I am a computers guy and have no previous experience of fin.作者: Maddin 时间: 2011-7-13 14:40
Thanks abhissri, thank you for the response, makes me feel better. I have started studying and think it is hard work that prevails not your background.作者: joemoran 时间: 2011-7-13 14:40
Passed L1 in June 2009
Studied for 8 weeks
Engineering background
I spent ~200 hrs on it, and it felt like a crunch. If I can do it all over again, I'd start much earlier so that I'd have more time to do problems in the end. A good lesson learned for L2.
. But I was still confident because these sections do not carry much weightage in L1.