Decemeber Exam - Time Required

[EirajSohail]

Hi Guys,

I am enrolled in the Dec 06 Exam, I have the Schweser Study Notes,

I need to know or get a your opinion on how much time is recommended. I heard some say atleast 150 and some say 200 and some say 250?

I am currently in my undergrad which is Honours Eco, Finance & Accounting, I have 3 courses next term..(9 hours of class)

I have already finished the Schweser Corporate Finance Book, and Have done some of the FSA� Economics I have looked over it and I know all the concepts so its just a matter of refreshing the knowledge and doing problems/questions� I took 3 Stats Courses last year So I am pretty sure that wont be that bad. Ethics I plan to read the CFA Reading package once in October & once in November.

So I have allocated about 150-180 Hours just in the Month of Sept because classes don�t start intill the 12th and nothing really happens intill the Last week of Sept. then I plan to do around 100 in Oct and about 100-150 in November.
that gives me about 350-400 hours of preparation

I plan to finish all the reading and problems & and then do problems & review the material

I plan to take the Mock Exam & Review session offered by Toronto-CFA Society on

Do you guys think this will be enough?

 

[WorldSeriesX]

"I heard some say atleast 150 and some say 200 and some say 250? "

"that gives me about 350-400 hours of preparation "

What do you think?

 

[EirajSohail]

I just want to be sure, because like everyone else ALOT is riding on this Exam...
but you have to understand atleast 50-75 hours is gonna me extra for me because i am not going to be comfortable with Debt and Derivatives because i havent taken 4th year finance courses and as for FSA i have dont just intro to financial and managerial Accouting... Analysis of Taxes and Financial Liablities & Off-Lease Balances... the last section is quite diffcult... and i am going to need time to memorize all the formulas...

but I see your point, I just want to be certain.

 

[gangsta-patel]

"and i am going to need time to memorize all the formulas... "

Understanding them will get you much further than memorizing then... If you memorize them, you'll forget them a few weeks after the exam (absurd drinking also tends to have the same effect...), whereas if you understand them, they'll stick with you longer... No point to earning the CFA designation but not remembering anything...

I think the reason so much time is required (~250 hours) is because that's what it takes to understand and learn the material (vs. memorizing it)..

With 350-400 hours, you should be okay... The larger problem will be sticking to the schedule you've created for yourself... You're young, an undergrad - I'm sure there are lots of distractions!