Preparing for the CFA Level I exam can feel overwhelming, but with the right plan and resources, passing is entirely achievable. For candidates in the MENA region balancing work and life commitments, a structured approach is crucial. At Kaplan MENA, we guide candidates using Kaplan Schweser study materials, helping you make your preparation more focused, efficient, and effective.
Why a 6-Month Study Plan Works
On average, CFA candidates spend around 350 hours preparing for Level I. Starting six months in advance allows you to pace your learning, cover all curriculum topics, and build confidence without feeling rushed. A recommended schedule is approximately two hours per day, six days a week, totaling around twelve hours weekly. This approach provides flexibility for work, family, and personal commitments while keeping your preparation consistent.
Follow the Prepare > Practice > Perform Approach
The Prepare > Practice > Perform method is widely used among successful candidates.
Prepare: Begin by understanding core concepts through reading, videos, and Schweser study notes. Schweser’s materials break down complex topics into digestible sections for easy learning.
Practice: Reinforce learning with multiple-choice questions. Kaplan Schweser’s QBank provides thousands of questions that mirror actual exam content, helping identify weak areas.
Perform: Simulate exam conditions with mock exams. Start mock exams around month four to practice timing, question interpretation, and exam strategy. Schweser mock exams replicate the real CFA interface, building confidence for the actual test day.
Mapping Out the 6-Month Timeline
Months 1–2:
In the first two months, focus on foundational topics such as Quantitative Methods, Economics, and Corporate Finance. During this period, divide your study time evenly between learning new material and practicing questions to reinforce understanding.
Months 3–4:
Months three and four are dedicated to Financial Reporting, Equity, Fixed Income, Derivatives, Alternative Investments, and Portfolio Management. This stage continues the balanced approach of study and practice, with the addition of your first mock exam toward the end of month four. The goal is to begin simulating the exam environment and refining your pacing.
Months 5–6:
The final two months are all about intensive practice and performance. Shift your focus primarily to applying concepts through questions and mock exams, leaving only a small portion of time for reviewing theory. By the last week, revisit Ethics and Financial Statement Analysis, which together account for a significant portion of the exam. The emphasis should be on exam readiness rather than cramming new material.
Balancing CFA Prep With a Job
Many candidates face the challenge of managing study time alongside demanding work schedules. Staying consistent is key. Track your progress and adjust your weekly plan as needed. Even short, focused study sessions can be productive if you maintain discipline. Use Schweser resources strategically: videos for commuting or breaks, flashcards for on-the-go review, and QBank questions to maximize practice efficiency.
Maintaining motivation is equally important. Visualize your progress, celebrate small milestones, and remember that disciplined, steady effort is more effective than last-minute cramming.
Proven Study Techniques
Effective CFA preparation is about more than reading; it’s about understanding, applying, and recalling information. Techniques such as spaced repetition, practice testing, and actively questioning “why” a concept works help strengthen retention. Summarizing topics in your own words can also improve recall and make reviewing large sections more manageable.
Schweser resources are designed to support these techniques. Schweser Notes condense the curriculum into clear, digestible explanations, while OnDemand classes provide expert guidance. QBank questions and mock exams allow you to practice and apply knowledge continuously. Flashcards help reinforce learning wherever you are.
Final Week Preparation
As exam day approaches, focus primarily on mock exams and targeted practice. Review challenging areas and key topics such as Ethics and Financial Statement Analysis. Avoid the temptation to cram new material; instead, rely on your preparation and maintain confidence. Ensure you are well-rested and mentally ready for the exam, as clarity and focus can make a significant difference in performance.
With a disciplined 6-month plan, consistent practice, and the Kaplan Schweser study materials, passing the CFA Level I exam is within reach.
Benefit from Kaplan Schweser materials when studying with Kaplan MENA and gain access to structured guidance, expert support, and all the tools you need to maximize your chances of success. Learn more here or contact us to know how we can help you.
