以下是一位美国考生的成功经验供大家参考。美国的学生学习一般远没有中国的勤奋, 像CFA这样题海战类的考试考的就是勤奋。题海战中国学生是训练有素的。 中国考生的主要障碍应该是英语。中国考生在多项国际英语笔试中得到过美国人无法置信的高分。CFA的英语难度根本比不上各类国际英语笔试。中国考生的英语障碍主要是口语而不是笔试。但CFA 不考口语。相信只要中国人发挥自己勤奋的特长,相互交流, 吸收各家成功经验,就一定能够后来居上,在CFA考试中也考出令美国人无法置信的优异成绩, 在国际金融界打造中国人的品牌效应, 其影响将不在奥运金牌之下。
How to pass Level 1
Author: RobRob
Date: Tuesday, June 3 @ 7:13 am
I thought to get away from rehashing hell perpetually on this addictive forum we could help some of the DEC L1 guys on their journey. Maybe some of the recent L1's could add to this. I passed L1 in 2002.
The key to passing Level I easily for me was practicing the tests-Use your testbanks over and over again. I took over 8000 questions on the computer. Use this to complement the notes (my preference was Schweser). Although I had every textbook I never opened one except for ethics.
Although it is blatantly obvious, learning the material focusing on the LOS is important. Especially the material that comes back in Level II. A strong base is very helpful, especially the base in portfolio, quant etc. which helped me immensely for L2 in 2003
Learn you calculator completely. There were questions that you could enter numbers into your calculator and get the answer directly (i.e. quant etc.).
I thought I would post a list of the functions you should know on your TI calculator that are directly applicable to the CFA tests (at least level 1). Although not much time is spent on this topic knowing your calculator should be Study Session 19.
If you know these you will pick up points without any hand calculations. I guarantee it. Remember to know how to change between beginning and end when doing cash flow problems and set your calculator to P/Y=1 when you take it out of the bag.
In the interest of fair disclosure I also have two HP's from my engineering days but chose to take the TI due to these worksheets and ease of use offsetting the value of RPN for long equations.
I THINK THE ONLY WAY TO DO WELL ON ETHICS IS TO BUY THE AIMR ETHICS BOOK< READ IT AND TAKE AS MANY PRACTICE QUESTIONS AS POSSIBLE. ETHICS IS SOMETHING YOU NEED A "FEEL OR INSTINCT" FOR.
HAVE A SYSTEMATIC STUDY PLAN FOCUSING ON THE LOS QUESTIONS
The study method that you should do for level 1 is the following in order of priority:
1) Get a good set of study notes from a reputable provider with sample exams ( You can get sample notes from each provider to see what best fits you-I read the notes to see if I understand the LOS literally and clearly.
2) Get access to a good computerized testing system
3) Buy the books-I didn't crack them for Level I but I have used all of them for LEVEL II so far.
4) Use a three day course after you have learned the material not to learn it but to pull it all together (To see the forest through the trees).
There is an active secondary market for study materials on EBAY to help offset the cost.
I would also encourage people to pass their notes and compliant non copy protected material down (PAY IT FORWARD) to some of the consistent quality posters on the forum who are a Level below you. I did it for Level 1 and intend to do the same (if godwilling I pass) for Level 2.