The CFA charter is a three-tier exam that is recognized around the world and acts as a passport to the best finance jobs in the world. Each of the levels offered by the different business schools provide learning materials necessary for the curriculum produced by the business school or institute. However, the course itself recommends more books for candidates to support their studies and prepare well for the exams. Based on popular demand and the recommendation of successful CFA certifiers, here is the list of the top five CFA books.
Schweser Study Notes for CFA by Kaplan Schweser
Schweser prepares CFA candidates with excellent grades for Levels 1, 2 and 3 of the CFA curriculum. Schweser study programs are already world-renowned, and the study materials are carefully prepared to provide candidates with all the skills and knowledge needed to pass the three levels of the exam. Study notes are separate for each level and necessary updates are made each year to ensure candidates have up-to-date knowledge of the various concepts of investment and portfolio management.
Kaplan CFA Basics: The Schweser Study Guide to Getting Started by Bruce Kuhlman
This book is written in lay language to make it easier for beginners to understand the financial and investment glossary. It is easy to follow and can serve as a guide to understanding CFA concepts before attempting financial certification. Those wishing to register for the Level 1 exam will find it easy to understand the study materials after referring to Kaplan CFA Basics.
Stalla CFA study system
Stalla offers books on levels 1, 2 and 3 of the CFA. The highlight: the books come with software that enables interactive study. The books and guides are well written so you can review them after you have prepared through the regular study materials. Stalla’s famous mobile CFA program is also a success, delivering CFA lessons to your web-enabled smartphone.
Equity Asset Valuation (CFA Institute Investment Series) Jerald E. Pinto CFA
This book has proven helpful for those who have passed level 1 and are planning to take the CFA level 2 exam. Essential for anyone presenting for the exam, the book covers the four main concepts needed to complete the CFA level study: Cash Flow Models, DDM or Dividend Rebate Model, Price Multiples and Residual Income. The book provides the best examples to enhance your CFA learning experience.
Quantitative Investment Analysis (CFA Institute Investment Series) Richard A. DeFusco CFA
The quantitative methods required for investing are clearly explained in this book, written by world-renowned financial experts. The ledger is supplemented by a study guide that answers difficult questions about investment concepts. Some of the topics that are thoroughly explained in the book are sampling and estimation, multiple regression, hypothesis testing, discounted cash flow, probability distributions, etc.