My CFA Experience

April 17, 2009

Change in Study Approach

I wanted to take a sec to recap a sudden change I have had in my study approach.  When I drew up my original study plan I was well aware I would constantly be making adjustments, and that has rang true thus far.  Because I had to start so late in the game (3 months) I am now at a point where I am counting days before the exam, not months.  With that being said, I am trying to get through the curriculum in the best possible, with the least time possible.  This has unfortunately led to a lot of exclusion of original study plans.

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Change: No more formula notebook

Solution: Schweser summarize the formulas in the back of each note section.  During my review process I will rip out those pages and practice all the formulas.  So my formula notebook will be a collection of ripped out pages, but still have the same information.  Net result is less time, same outcome.

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Change: Not reading secret sauce as I progress through the material

Solution: Secret sauce is meant for a final review process, so trying to complete a secondary review immediately after a study session was overkill for my particular situation.  Instead I will read secret sauce during my first review week, and make notes in it throughout my review.  Also I will review the entire secret sauce with the SPH days before the exam.

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Change: No sequential cross referencing at every reading.  I noticed one day that if I cut out the cross referencing I could do an additional reading per day, which is a big plus for me.  The cross referencing was to ensure I didn’t miss anything pivotal, but schweser does put the information under each LOS so the likely hood of this happening is reduced.

Solution: If time allows at the end of each topic I will cross reference the entire topic at one time.  I’d like to think of this as my secondary review of the material, but it really just a skim through the sections.

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Change: No questions immediately after the review. Some may argue with this point as questions really do help to drive home the material.  I am pro questions 100%, but I also want to get through the curriculum so I can have as much dedicated question and review time as possible.  When I cut out question as well as cross referencing I was able to do a lot more in a day, moving through 3 topics in under a week.

Solution: Not to miss a single question in qbank, schweser, cfai, or any addition mock/sample exams I am able to get ahold of.  By completing the curriculum in a shorter timeframe I will be less stressed about finishing the curriculum.  With that said, I will focus on completing all the questions I have before the end of the exam.  This is non-negotiable, questions are essential to success.

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What I haven’t changed is the review of stalla cue cards after the entire topic as well as a review of the quick-sheet.  This just gives me a general exposure to the entire material before I move on.  I have been able to squeeze these at the end of review quite painlessly.  I will also be reviewing the cue cards and quick sheet again during my review process.

3 Comments »

  1. Same as you. The last month has been horrible on my review process because of external problems and the fact that I moved to a new appartment. So, I decided to go straight to the content, one-pass reading, until the end of the month, trying to read all, even superficialy, one time.

    Then, May will be testing, testing, testing, using a loop process on each exercice I fail. I have no choices now.

    Comment by Dajay — April 17, 2009 @ 9:12 am

  2. Go big or go home kinda deal. Good luck with your review….we are going to need it.

    Comment by smzachary — April 17, 2009 @ 2:29 pm

  3. Do you currently work? I’m unemployed as well and I really started my studying at the beginning of april. I’ve completed all of the books, but I’ve skipped several examples and focused on the questions. Good luck, this month is the make or break

    Comment by MC — April 29, 2009 @ 7:47 pm


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