In a Tight Spot practice, literally, unexpected, job, like

water2012

Less than a month to go, and I got three books left. I had an unexpected job move and tried to study simaltaneously but lost a little over a month in the process. I would really like to pass this June and don't know if its possible given the time frame but I up literally up for anything.

I have all the Elan guides as well as the 11th Hour review. I asked a similar question before but would like your guidance here.

If I were to start doing practice exam questions daily, as well as going over the 11th hour review, and than reviewing the practice exam questions, do I have a shot at passing. I am willing to sacrifice any amount of time necessary but wanted to hear your opinions.

Any thoughts here are appreciated!

shootingstar

Thanks for the advice!
I thought the questions were difficult for AI, that's why I didn't want to read it. I will try to skim through if there's any time left.

joemoran

CF is easy. You should be fine.

Fixed income is much better in Elan, but Schweser is good enough. If you dont understand anything, then you can always watch Elans videos, which are very helpful for debt.

Why aren't you going over alt. 8 questions but they are very very easy (usually).

FVPV

Quick question: I am finishing up on the readings, got 3 Study Sessions left. Without counting AI, which I won't be reading at all.For Fixed Income and Corporate Finance, should I read from the CFAI texts or does Schweser cover the material well enough? I have the Elan videos but I study better from books.

Thanks!

invic

Dude, you have a job (presumably in finance) thats more than (I would hazard to guess) 70 percent of the test takers. So you're ahead of 70% of the guys sitting for L1.

JGovender

Do I need to do all the CFAI EOC questions or just MCQs?

Londonrocks

The best way to learn with so little time left is to go through all questions with answers side by side and write down what is the question asking? what relationships do you need to know? what formulas? what terms you need to know?

write down these, relationships, formulas, terms,etc.

If the mock exam is really going to like real exam focusing on relationships and terms are more important then formulas.

Another exercise i'm going to do the week before the exam is actually make a cheat sheet(that i would use if we were allowed). I used to do this in college and it works for me. Simply take everything you would need to pass the exam and place in as few pages as possible. Imagine if CFAI allowed you to use only these notes on the real exam. The process of actually creating the cheat sheet will actually help you big time.

Daniel1985

I am in a tight spot myself. I have finished my readings except 1.5SS of FRA and Derivatives. I am planning to finish up FRA by friday and then take a practice exam...
Bad thing is that I rushed to read everything and didnt take any notes! I feel like I have already forgotten most of it... Hope this will come back when I do some qbank

disiz64

Beatthecfa, thanks a lot for the advice, we really appreciate it.

I did a practice exam today, and to my surprise I got 65% in Ethics - which I have never read properly - and a really low score in Derivatives, which I've read twice from the CFAI textbooks. I also watched the Elan videos once. Other sessions were close to my expectations - not high ones, except for Economics .

Back to cramming..

sgupta0827

Jay and Andreea (and all those who know they haven't put in the hours but are hoping to pass)

If you have read any study guide (Schweser, Stalla, Elan) at least once, then its time to just zero in on the Eleventh Hour Guide and make sure you know everything in there. Also know all the formulas. You don't want to lose easy points like PVBP, Sharpe ratio etc.

Make sure you read Ethics at least once properly. The ethics adjustment can push you over the line, or bring you under. You dont want to cram all the technical stuff, do reasonably well on it and then get pulled down by your ethics score.

Do the CFAI EOC questions. They will take time, but trust me they are worth it.

Do a lot of tests/ mock exams. Learn the stuff you don't know/got wrong, and cut down on careless mistakes.

Good luck. I hope you make it, and if you do, don't boast about how you only studied for a month Encourage others to start sooner.