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Recommended Preparation Books for the CFA

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Many investment bankers and students that plan to move into hedge funds or the investment management industry often ask us to recommend books and a study plan for the CFA.

When you register for the CFA, you already receive a lot of recommended readings and study notes to help you prepare, so those are materials that you need to read in priority. But below are also a couple of very useful additional books that we recommmend:

Kaplan CFA Basics: The Schweser Study Guide to Getting Started
Bruce Kuhlman

How useful is the CFA for investment bankers?

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What is the CFA?

The CFA (Chartered Financial Analyst) designation is a professional certification granted by the CFA Institute, which tests and focuses on portfolio management, financial analysis, and generalist aspects of some other areas of finance. To become accredited, the candidate needs to:

1. Pass three six hours exams (which are called "levels": level I, level II and finally level III). The pass rates are typically about 40%-50%.
2. Have a bachelor degree minimum (or equivalent education or work experience)

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