Narenn wrote:
Engr2012 wrote:
Narenn , CFAI materials are very lengthy and you will not be able to finish all of them before your level 1 in June. Schweser notes are all that you need, these are well detailed and cover all the important details for the exam. If you want a better understanding of a particular topic, refer back to CFAI materials.
Do solve questions at the end of the chapters and give the topic based exams that are available on your student page on CFAI's website.
debbiem wrote:
Hi Narenn,
I cleared my CFA level 1 in Dec 15.
I think Elance guides r good and the schweser is good as well. But, CFA material is huge. Benefit for me was that i have already completed my FRM which has a course similar to CFA.
I would suggest you stick to schweser. It is trusted, many people have used it.
Not much time is left and you gotta go through all modules. Pay special attention to ethics, quant and FRAs.
Good Luck!
Thanks
Engr2012 and
debbiem for your advices!! I finished ethics in last week using CFA books, but from now will be using Schweser notes to complete remaining syllabus. BTW,
debbiem what was the passing percentage in Dec 15 exam? I've heard that it generally stays around 70% but this time it's likely to go above because of changes in exam structure.
Narenn,
As per the official CFA institute, passing % was around 43% for L1.
On an average if you see passing is 42% for past 10 years.
I am pretty sure, they're not gonna play with the rates of passing even if there r a few changes in the curriculum. A little here and there is ok. But overall it has never been above 50% rather much below that. Dont know where you got the quoted data from. So no reason for me to anticipate a pass rate >50%.
Attaching the official rate disclosure by CFA institute.
HTH.