Common CFA Level 1 Questions

We are going to talk through some of the most common concepts and questions from each section of the CFA level 1 curriculum. Then we’ll review a couple tips on how to best answer some of those common questions, and look at certain ways that candidates will make mistakes in these areas. Its important to note that these are all questions that are commonly asked in the CFA curriculum, CFA practice questions, and in content from some of the 3rd party test prep providers. These are NOT questions that necessarily will or will not appear on any future CFA level 1 exam. If you enjoy these CFA study tips, please like this video and subscribe to the channel to see more related content in the future.
0:00 - Intro
0:39 - Quantitative Methods
2:12 - Ethics
3:53 - Economics
4:47 - FRA
5:53 - Corporate Finance
7:06 - Portfolio Management
8:00 - Equity
9:04 - Fixed Income
9:49 - Derivatives & Alts
If you have an idea of something you want me to cover in depth, please let me know because I take your requests seriously. Will be back with more CFA Exam tips in a couple of weeks so please submit more questions you would like to hear answered. Love you all!
- AJ
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** The information in this video is not intended or implied to be a substitute for professional financial advice. All content, including text, graphics, images, and information, contained in this video is for general information purposes only and does not replace a consultation with your financial or tax professional**

[@missjennablejen]

Thanks AJ for this! 17 days until the exam and this has really helped me get an idea of what they exam is like. Plus love your CFA tips and tricks. Keep making superb content!

[@straighttalks-ajsrmek323]

Thanks Jen! Best of luck on the exam!

[@A3L2A3N]

Hi Jen, how did you do?

[@OddestoftheOdd]

I love all of this info, so helpful. Can’t wait to take my test

[@kevina3372]

When is ur test

[@jeanpierrevalentinoriosmer9068]

Thanks bro, you have helped me a lot during these last months. Jesus bless you and your family.

[@evenwins]

thanks man. my exam is in 60 days. grind mode activated

[@straighttalks-ajsrmek323]

Go crazy and you got this.

[@guilhermejanuario3035]

awesome content as usual

[@slavakolesov1107]

You are the one of the best cfa providers :)

[@MarkoSrbiin]

Amazing video! Thank you!!

[@stockexplore3836]

Thank you this was helpful content. You rock! :)

[@user-nm8dw5qr2v]

Thanks a lot for the video, AJ. Just wanted to know if there were questions on convexity or Macaulay duration calculation? It’s such a time consuming problem, calculating via BA II plus calculator is not possible

[@straighttalks-ajsrmek323]

Can't say!

[@carlmaingi]

This was great, would be really interesting to know the same things about level 2

[@straighttalks-ajsrmek323]

Will do!

[@tusharmahajan845]

@@straighttalks-ajsrmek323 gonna appear for level 2 in august. Try making the video before August😂 Btw love your videos sir

[@chipmoffatt7748]

AJ thanks--this video was awesome as they always are! One quick question -- what do you think the best approach is to the EOC questions ? Is it better to try and answer without looking back into the material, even though that might be a struggle? Read through and read the answers , then try to work again? Watch Mark Meldrum go through ? Thank you. I find I devote a huge amount of time to working on them if I don't check the material for reference--then miss many of them and not really learn anything as result. PS non finance background. Thank you again --Chip

[@straighttalks-ajsrmek323]

Hey Chip, I think the best way to do the EOC's is to struggle with them. Then the ones you get wrong, go back to the material and see how to do it. When you really don't understand, then use MM videos.

[@chipmoffatt7748]

Thanks AJ ! Great solid advice

[@kunalpawar5546]

Sir could you please make a video on what kind of questions will come or more chance to come in the CFA level 1 exam . Please based on you experience what should be the main topic we should give more time on that ..

[@NicholasSunderland]

Great video

[@husseinarslan7173]

What about CFA questions set and practice problem

[@straighttalks-ajsrmek323]

What about them?

[@faizalabizar4477]

Thanks AJ for the video, im taking the L1 on 2023, the problem that i encounter now is when i do quiz based on module or each module i can answer the question, but when it become mocks when the question is not by module order, sometime i confused which formula i must used, especially when using t/z score, any advice AJ? thanks

[@straighttalks-ajsrmek323]

Yes! The advice for that is to memorize all the formulas. But you don't need to do this until close to exam time. So for now, just work through the practice questions while looking at a formula sheet.

[@faizalabizar4477]

@@straighttalks-ajsrmek323 Thankyou AJ!!

[@martonkovacs5668]

Am I the only one who has already finished the FRA part but not heard of the installment method? I don't remember studying the method. Did I miss it in the CFA curriculum?

[@jaredlee543]

It's pretty early on in the second or third reading of FRA under revenue recognition

[@muhammadsalman852]

Hi! I think its in I/S reading.

[@RamonLVillalona]

Would you recommend starting with Ethics?

[@straighttalks-ajsrmek323]

Yea I don't think that's a bad way to do it.

[@mukundgokulka2509]

Hi I saw your video on mock exam strategy for l1 were you mentioned to take as many mocks as possible. I am going for this strategy and my exam is on Jul 18th. I am able to devote full time for studies until the exam. My plan Is to do half mock everyday and review them thoroughly. I have 8 (4 kaplan, 2MM , 1 Wiley, 1 Cfa) mocks in total and out of that I have taken 2 kaplan mocks. My scores were 60 and 62. I have also done 70% cfai qbank avg around 74%. So my question is would I be good if I complete the other 6 mock remaining or should I try to squeeze in more mocks? I also plan to allot last 3 days for ethics and formula memorization.

[@straighttalks-ajsrmek323]

Hi Mukund, It sounds like you have a good strategy. If you have time, getting in 1-2 more mocks wouldn't hurt. But 8 is still solid, and memorizing formulas in the last few days is the most important.

[@mukundgokulka2509]

@@straighttalks-ajsrmek323 thanks and will do.

[@juwonhill9102]

Will you do one of these videos for level 2?

[@straighttalks-ajsrmek323]

Yes!

[@juwonhill9102]

@@straighttalks-ajsrmek323 Great, thanks! Looking forward to it

[@albertoeg3531]

Hey, CFA level 1 exam pass rates just came out. Only 25% of the students passed. Do you find it fair? Thanks

[@straighttalks-ajsrmek323]

I will make a video about this ASAP

[@arocks1234567]

Hey, the example q at 6 and 6:30 are the same, is this intentional?

[@straighttalks-ajsrmek323]

Yes, just discussing different points related to the same question!

[@jigarsangani4380]

Any updates for 2022?

[@straighttalks-ajsrmek323]

I will make a video for 2023.

[@harshjain7815]

Thankyou🙌 have to prepare for February attempt. When should i start studying?

[@straighttalks-ajsrmek323]

Today!!!

[@harshjain7815]

@@straighttalks-ajsrmek323 its july last week late??

[@ameenmuhammed4745]

I have a question about cfa eligibility The eligibility says you should have a degree or equivalent or 4000hrs.can i do frm first and do cfa all levels? Does frm count as a degree equivalent?

[@straighttalks-ajsrmek323]

No it does not.

[@manishchaudhary6410]

i am indian . can i apply and practice cfa in us ???

[@straighttalks-ajsrmek323]

Yes you can, its works the same in any country!

[@yashrathore4283]

Are cfa website questions enough for practice? And how many mocks we should give before our main exam

[@straighttalks-ajsrmek323]

No, you should do all the blue boxes and EOCs as well. I usually tried to do 10+ mocks to give myself the best chance of passing.

[@anthonydematteis5760]

@@straighttalks-ajsrmek323 do you recommend any resources for mock exams?

[@straighttalks-ajsrmek323]

@@anthonydematteis5760 I liked Wiley

[@Aanvikshiki]

Hey what is EOc??