Category Archives for CFA Prep

CFA Mock Exam vs Real: is it Necessary (and More Difficult)?

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The CFA mock exam is one of the best tools to get you prepared for the big day. But many didn’t take it. Why’s that, and why you shouldn’t follow their footsteps? Please find below the text version for your reference. The Psychology of Mock Exams People dread mock exams. Mock exams unforgivingly expose people’s […]

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CFA Level 3 Essay: Question Format, Grading and Tips

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There are two parts in the Level 3 exam: the structured response (essay) exam in the morning, and item-set multiple choice questions in the afternoon. This post focuses on the CFA Level 3 essay section: the format, grading, preparation tips and exam strategy on the day. CFA Level 3 Essay Format In this 3-hour exam, […]

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CFA Level 2 Item Sets: The Complete Guide

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In Level 2, you are going to face a new exam format, known as the item sets. What exactly are they? What’s tough about them, and how can you master them? CFA Level 2 Item Sets at a Glance The item set is a type of multiple choice questions, but 6 questions are grouped together […]

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How Hard is CFA Level 2 Exam? Curriculum, Pass Rate and Difficulty

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The CPA Level 2 exam is built on candidates’ knowledge on Level 1. You will see a higher pass rate, but it doesn’t mean the exam is getting easier. Please find below an analysis of CFA Level 2 vs Level 1, curriculum, exam grading and pass rate trend. CFA Level 2 Curriculum The topics should […]

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Kaplan Schweser CFA 2017: Is This Really the Better Prep Course?

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Kaplan Schweser CFA is the most established brand in the CFA prep course market. Candidates either use CFAI text book alone, or CFAI plus Schweser. Nothing else… until recently when real competition finally comes in. Are Schweser really that good? Should you stick with the biggest name or is there better product in the market? […]

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CFA Portfolio Management Study Tips

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Portfolio management is one of the smallest topics at level 1. But then, this topic gradually grows in significance as you progress through the 3 levels. In Level 3, half of the curriculum is on portfolio and wealth management. CFA Portfolio Management Syllabus in Level 1 There is one study session divided into 4 readings. […]

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CFA FRA Level 1 Tips: 5 Actionable Strategies to Nail Your Exam

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CFA FRA (CFA Financial Reporting and Analysis), known as “FSA” in the past, is one of the most heavily weighted sections in Level 1 and Level 2, representing 20% and 15-20% of total syllabus respectively. There is none in Level 3. Level 1 pretty much covers all aspects of basic financial accounting. For those who […]

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CFA Quant Study Tips for Level 1 and 2

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The CFA quant section is the most mathematical and formula driven. It is also important in the first two levels of the CFA exam, representing 12% in Level 1 and 5-10% in Level 2. In Level 1, candidates are expected to know the basics of quantitative methods. They should be able to interpret the normal […]

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CFA Fixed Income Study Tips for Level 1, 2 and 3

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The CFA fixed income section is a crucial part of your journey towards Chartered Financial Analyst — how can one become a CFA without mastering such an important asset class? Because of this, the coverage of Fixed income is quite comprehensive throughout the exam. It represents 10% in Level 1, 10-20% in Level 2 and […]

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CFA Corporate Finance Study Tips

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The CFA corporate finance section is a relatively easy topic area for most candidates. CF represents 7% in Level 1 and 5-15% in level 2. In most of the recent years, there are 2 vignettes meaning 10% of the exam. There is no coverage in Level 3. Why CFA Corporate Finance seems to be Easier […]

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