CFA Level 1 Books Comparison
Here are the Best CFA Level 1 Books in 2017
|CFA Institute Level 1 book||Wiley 11th Hour Guide|
|# Practice Questions||Paperback / Kindle||Paperback||Paperback||Paperback||Paperback|
|No. of pages||3,824||1,100+||1,300+||480||n/a|
|Discounted pricing||$168 (kindle)|
|Get it now>>||New||Second hand||New||New||2014 version only|
Detailed CFA Level 1 Books Comparison
There are different considerations depending on your background, learning style and budget.
1. The Official CFA Curriculum
First of all, you need to know that the electronic version of this CFA curriculum is included in your CFA Level 1 registration. In other words, unless you want to check it out before committing to this exam, or that you’d like to have a printed version, this is an unnecessary purchase.
In terms of the quality, it is very comprehensive and the most detailed you can ever get for your CFA journey.
This is great for those who really want to learn about finance and investment, together with the background fundamentals such as financial accounting, economics, statistics and ethics.
However, if you plan to read the book solely for the purpose of passing CFA Level 1, I’ve got to warn you that this set of books has 6 volume and altogether 3,824 pages. Many candidates prefer to take the short-cut by getting one of the alternatives below.
Kaplan Schweser does not sell text books separately, but you can get hold of a Second hand here.
2. Kaplan Schweser CFA Level 1 Books
Better known as the Schweser Notes, these are text books aggressively summarized for candidates who don’t have time to read the 3 thousand plus pages of the official curriculum books.
3. Wiley CFA Level 1 Books
This is another much condensed version. With only 1,300 pages, it is 1/3 of the CFAI curriculum in terms of number of pages.
As you can imagine, this book does not intend to go through each concept in detail. In other words, it is not for absolute beginner of finance, but good enough if the candidate has some background or that he/she is willing to refer to the CFAI curriculum when necessary.
As in other Wiley products, the books are well organized with user-friendly formatting.
Please note that this is the book without the online test prep and other study tools. For a more complete set, please check out the Wiley CFA Review page.
4. Wiley 11th Hour Guide
Originally created by Elan Guides, this is the “summary of the summary” for the final review. It doesn’t have examples, so it is more for reminding key concepts that you may have forgotten, rather than a text book to study from.
It can also be used for those who are overwhelmed by the curriculum book to give a overall, big-picture view of the study units.
You can check out the 11th hour guide at discount on Amazon.
5. Fitch CFA Level 1 Book
Fitch text book is also not available for purchase separately, but I find one 2014 version if you are really into Fitch. I would however try to get the latest version from another provider.