Wednesday, May 4, 2011

CFA exam, thoughts on the last 30 day sprint

Hot dog, here we go! Whether you're way behind or way ahead the last month before the exam is always a rush. Here is my 30 day game plan.

First week of May: Made a detailed formula sheet, started the 4th and final pass of the material using Stalla notes. I've been doing half a practice exam every Friday since the middle of April to help gauge where my time should be spent, and this Friday will be no exception. I'm also finishing the exams nearly an hour early so I'll start to work on slowing my pace down this week. By the end of this week I will have done my last pass of Ethics and Quant, my strongest subjects.

Second week of May: Running through as many CFA issued questions as possible, after studying Stalla so long it is good to see where the question styles are different. Spending most of my time on the core subjects, Accounting, Equity, and Fixed Income. Starting to ramp up on the formula memorization work, hope to have 150 of the 200 key formulas memorized by Sunday.

Third week of May: Focusing on the rote memorization aspects of the exam; committing the derivative forward equations to memory as well as the buckets of equity formulas. Spend the weekend covering every single question I got wrong on the CFA questions attempted this month, and the practice exams I have been taking since April.

Fourth week of May: 30 minutes on each subject per day, write out the formula sheet once in the morning and once in the evening. Start to study for 4th quarter finals so I can graduate b-school.

First week of June: Build confidence through well hashed questions, now's not the time to tackle the hardest of the hard.

Step 6: Pass exam
Step 7: ???
Step 8: Profit!

Here are the stats I have coming in to May, I hope to really put down some good hours (60+) this month, and I think it's well within reach because reviewing and memorizing is a lot less taxing in the late hours than learning from scratch. Good luck to all the writers!

Hours per day since November
If things don't go well, it's all January's fault.

Hours Per Subject (Blue) & Average Score Per Subject (Red)
It was definitely not all gravy the first pass.
The black border indicates I've also done the stalla software practice problems for that chapter.

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