CFA Level I study guide

Build the study cycle backwards.

Level I rewards steady coverage, repeated practice, and honest review. The main risk is not a hard topic; it is discovering too late that several topics are only half learned.

01
Study pass

Foundation pass

Cover every reading once, but do not confuse exposure with mastery.

  • Log each module as soon as it is studied
  • Keep notes brief and operational
  • Start Ethics early
02
Study pass

Practice pass

Shift from reading to retrieval as soon as the curriculum has been touched.

  • Drill topic questions weekly
  • Review every wrong answer
  • Track accuracy by source
03
Study pass

Mock pass

Use mocks to find allocation problems, not just to collect a score.

  • Take mocks under timed conditions
  • Compare topic scores to exam weights
  • Rebuild the schedule around weak areas