CFA Free Study Materials - Kaplan Schweser (2024)

FAQs

Is Kaplan Schweser's notes enough for CFA? ›

The answer is yes; Schweser is good for CFA Level 1. However, it is essential to note that Schweser notes should be used as a supplement and not as a replacement for the CFA Institute books.

CFA providers ensure you to have all the materials to succeed in the pursuit of the title. Kaplan Schweser (and others) are suitable for those who don't have time to study by their own regularly, but for those who have plenty of time, CFA Institute materials should be more than enough.

Yes you may consult schweser for your revision, that would be enough.

If you need to correctly answer 135 questions to pass the exam, you don't have to know the answer to 135 questions. That should give you confidence. It's OK to guess on some questions. A passing score is within your grasp!

To pass CFA Level I, you probably need to target 70% in as many topics as possible... In other words, you don't have to get more than 70% in everything to pass. Some say you can get as low as 65%, or even 63%. You don't even need to get more than 51% in everything to pass.

No, studying for any CFA exam in less than 6 months will not give you enough time to adequately prepare unless you have a relevant background in the curriculum. According to CFA Institute, candidates study on average 348 hours for the Level I exam, 364 hours for the Level II exam, and 365 hours for the Level III exam.

According to CFA Institute, it takes a typical candidate an average of: 4+ years to complete the CFA program; 300+ hours of studying per Level. 6 months of preparation for each exam (i.e. about 11.5 hours study per week assuming 300 hours)

Here's what you should know about pass rates on the CFA: Average pass rates tend to fluctuate. Level 1 pass rates have hovered around 37% Level 2 pass rates have been around 45%

Some candidates consider themselves to be fairly ethical people and so think that the answers on the exam will be intuitive. They neglect the topic and end up failing on the exam. Other candidates read the material, to the point of memorizing the Code and Standards, but neglect to do practice problems.

Why do people fail CFA level 3? ›

Another reason for failure has to do with a lack of adequate preparation leading to the exam. Often Level III candidates are at relatively senior positions in their respective organizations and have significant workload. Given a choice between studying for the exam and job-related deliverables, the job wins.

The CFA exam as a whole is difficult by design. It's an exclusive designation that truly demonstrates mastery. According to CFA Institute, Level I has the lowest pass rate of all the exams, at just 41%, and the average candidate spends 303 hours preparing.

A survey carried out using a sample of 50 CFA Level I candidates reveals an average IQ of 105. Assuming that IQs are distributed normally, carry out a statistical test to determine whether the mean IQ is greater than 100.

By creating a detailed study plan, using high-quality study materials, taking practice exams, and joining a study group, you can increase your chances of passing the CFA Course exams independently.

Yes, clearing CFA in 2 months with your background is possible. Take printout of all formulae sheet and stick it on wall/cupboard look at it and memorize. Make a study plan for next 2 months and keep last 20 days for mocks and revision.

Schweser materials are probably the best to prepare for CFA exams. Especially Level 1 & Level 2. The books are thin but it covers the entire matter in ample details. As far as preparing with Schweser is concerned, you can go for it.