Preparing for the Level I CFA® Program Exam


Studying for the Level I exam is crucial, and it takes a substantial effort.


There are no shortcuts. The one thing standing between you and success on the Level I CFA Program exam is hard work. CFA Institute recommends you aim to spend at least 300 hours preparing for Level I exam. Schweser's Prepare · Practice · Perform® methodology gives you the structure you need to get the most out of the time you spend preparing.


Previous Knowledge


Prior to enrolling in the CFA Program, you are required to have a bachelor's degree, or be in the final year of a bachelor's degree program. That degree does not need to be in a particular area of study, but you will be in a much stronger position if your education is finance-based. The CFA Program is designed to be a supplement to a finance-related education and investment experience already completed by an investment professional. In short, you don't need to have a finance degree to sit for Level I, but you may face greater challenges than those who do have a finance-based education.


Level I Curriculum


The Level I curriculum is focused on ten topic areas. You'll also be tested on simple analysis using investment tools. The topic areas are:

  • Ethical and Professional Standards
  • Quantitative Methods
  • Economics
  • Financial Reporting and Analysis
  • Corporate Finance
  • Equity Investments
  • Fixed Income
  • Derivatives
  • Alternative Investments
  • Portfolio Management and Wealth Planning


How Long it Takes to Study


The generally held notion is that candidates should spend an average of 300 hours studying for each level of the CFA Program exam. In a 2016 survey, Level I candidates reported spending an average of 304 hours studying for the exam.


How to Study


The Kaplan Way is a three-phase learning strategy: Prepare · Practice · Perform®. Using this methodology, we have built the most comprehensive study packages available for the Level I of the CFA Program exam, designed to help you make the most of the time you spend preparing for the exam.

  • In-Person: Attend live classes in select cities, led by CFA charterholders.
  • Online: All the quality of a live class, with convenient online delivery.
  • Self-Study: Comprehensive, flexible, no-frills exam prep package.


Tips and Tools


Looking for additional tips to help you prepare? Schweser has you covered.

  • Start early. Build your confidence by getting into a routine.
  • The tools in your review package are designed to work together. Use them all.
  • Find exam prep tips on the Schweser Blog.
  • Download our free eBook: CFA Fundamentals, 2nd edition.

Kaplan Schweser
en_USEN

Activity Feed

No more guessing what to study and when. Activity Feed is an interactive guide that simplifies your study plan by providing strategically placed weekly tasks. With our latest upgrades, you can now:

Checkpoint Exams

You will be prompted to take three Checkpoint Exams as you work your way through the Study Program. These checkpoint questions mimic the difficulty and format of the actual CFA Program exam. Performance reports identify how well you understand the topics that have been covered and highlight weak areas where more review is needed.

Quicksheet

Prepare for the CFA® Program exam on the go! This compact study tool summarizes key formulas, definitions, and concepts. The QuickSheet is available as a 6-page, 8.5 x 11", laminated tri-fold or in eBook format.

View Sample

InstructorLink

Ask questions and receive answers from a US/UK instructor at any time.

CORE

PassProtection™

Activity Feed

No more guessing what to study and when. Activity Feed is an interactive guide that simplifies your study plan by providing strategically placed weekly tasks. With our latest upgrades, you can now:

Checkpoint Exams

You will be prompted to take three Checkpoint Exams as you work your way through the Study Program. These checkpoint questions mimic the difficulty and format of the actual CFA Program exam. Performance reports identify how well you understand the topics that have been covered and highlight weak areas where more review is needed.

Quicksheet

Prepare for the CFA® Program exam on the go! This compact study tool summarizes key formulas, definitions, and concepts. The QuickSheet is available as a 6-page, 8.5 x 11", laminated tri-fold or in eBook format.

View Sample

InstructorLink

Ask questions and receive answers from a US/UK instructor at any time.

CORE

INSTRUCTION

REVIEW

PassProtectionTM

Schweser’s PassProtection™

PassProtection™: Schweser’s Commitment to Your Success in the CFA® Program

Nothing in life is guaranteed. That’s why we offer PassProtection™. We’re so confident that with your dedication and our study materials, you’ll have no problem passing the CFA Program exam. But, should you need a second chance, we’ll pay for your entire exam prep package for your next exam sitting.

To be eligible for a full package rebate, you must meet the following criteria:

  • Purchase an Essential, Premium, or PremiumPlus™ Package.
  • Answer at least 50% of your available online questions (i.e., QBank, Topic Assessments, and Practice Exams). To receive credit, your answers must be entered into the online platform.

If you meet these criteria and are registered to retake your CFA Program exam, you’ll receive the same study package FREE of charge for your next exam sitting.