I liked a lot of the insights your shared about the CFA level 1 in this vid. If anyone is looking for someone’a personal experience with the exam, I just made a video about my journey through all 3 levels and why I am doing it.
Thanks for great tips Marc . I recently found out about CFA . My background is purely of mathematics, I did my masters in maths and I want to ask you that do you recommend me taking this exam without any knowledge of finance. Will it be more difficult in my case? Please I need you to be honest keeping in mind I am average in studies . Thanks in advance.
3 года назад
It has a decent amount of concepts that you would see in a finance undergrad so I would have to say without any prior finance knowledge/experience, it may be a bit more difficult, doesn't mean you can't still achieve it though.
There is another program called CFA investment fondations, it’s free of charge and for people with low knowledges in finance. It’s a good starting point I think
Marc, glad to hear that you've made through a pass. Great job; and best of luck on L2. I was going to ask you a relative question spite the fact you learned the material, with a background of finance. Here's the thing, I have recently obtained my undergrad in economics; would that "background" only I have be adequate to accomplish CFA L1? *based on your knowledge* Cheers.
3 года назад
It'll help but you'll still need to go through the material, all undergrad does is give you a head start in terms of familiarity with the concepts, in your case, the economics book. Best of luck on level 1!
Hi Marc. First of all, It was a wonderful video. I registered for Level 1 May 2021. Being a newcomer I don’t know much people in Canada. Can you help me to find societies or groups for studying. Much thanks in advance
4 года назад
Hi Puneet, best of luck with level 1, you can do it. For study groups, I’m more of a solo student myself but you can find various forums online. To join a society and go to networking events in your city you can find plenty of information on the CFA website. Cheers. www.cfainstitute.org/en/societies
Another useful tip I got from other content creator, not sure whether you would agree or not. 1. Review ethics note every week and review formula every week.
Great videos Marc. What online softwares, programs, instructors would you suggest for purchase? As they are quite expensive, it’s hard to make the right decision as a beginner. Thanks.
3 года назад
Thank you! Since I am partnered with Analyst Prep (links in description) I will always mention them as they’re also one of the best bang for your buck prep providers. However depending on your budget you may also want to look at Mark Meldrum, Kaplan Scheiser or Wiley. Do your research and find out what’s best for you.
Hey I am planning to give CFA LEVEL 1 next year in the month of feb or may 2022 I want to know that can I start preparation with the Schweser notes 2020 or I need to buy 2021 notes for exams preparation ?
3 года назад
There will be some slight changes to the curriculum for all 3 levels in 2022. You can review them here: 300hours.com/f/cfa/general/t/cfa-2022-curriculum-released-for-levels-1-2-and-3/
I just registered my level 1 exam for February 2021. And the customer service told me there would be no access code to the curriculums now, everything is under the Candidate resources page. But I saw people online discussing when they would receive the access code to the textbook, do you have any insight?
4 года назад
All I can tell you is that I have no problem accessing their resources online. The entire test bank is available once signed into the CFA website. If you're talking about acquiring the textbooks, those are purchased separately than actually signing up for the exam.
Hi marc! Great video. Would you think the the 2.8k practice questions on the CFA candidate resources and the mock exams are enough to pass? I roughly score around 70 on all those questions.. Are those questions as hard as the actual exam? Many thanks in advance
3 года назад
It's all I used for level 1 and I was able to pass. However, for level 2 I purchased additional material. Kind of up to you and how confident you are in your own abilities.
I know a lot of people say not to pay to much attention to the percentile ranking on the site but what did you try to aim for on the practices questions?
3 года назад
I would agree with most people that you shouldn't worry about the percentile. I didn't take it into account at all, just focused on the areas which I was struggling more. If I can give you any advice just make sure you're learning everytime you make a mistake
@ I'm asking because I'm still in high school, and tomorrow I'm buying the cfa books and the note books, and I am pretty sure that I will have alot of problems understanding it. My question is, do you think that its impossible for a high school senior to be able to study and psss the cfa, or do you think it can be done, with some serious effort. If yes, what do you recomend to catch up the financial knowledge that I don't have.
3 года назад
I think it’s likely going to be pretty challenging if you’re coming from high school as a lot of the basic level 1 concepts are covered in depth in a finance undergrad. However not impossible, you’ll just have to teach yourself everything you would normally learn in a bachelors of finance in a shortened period of time
How did you memorize the formulas? When I took the series 7 test, I had a dump sheet for options and formula that I produced from memory to refer to during test in case my nerves got to me. For CFA Level 1, will doing that eat your time? Also, there seems to be a lot of formulas, I tend to get nervous and mess up the operation signs. Appreciate your tips especially for the computer based testing / laminated pad with marker vs pencil/paper
Couple of questions: Do you have to work in a financial organization to take the test? Can you still put on an application if you passed level 1 or 2 and it still be beneficial?
3 года назад
1st question: no you don't have to be in a financial organization. 2nd question: You can put that you're a CFA level II or III candidate, is it beneficial? Depends on who the hiring employer is and if they value someone going through the CFA program, hope that helps.
Great content as usual. Can we do the level 2 and 3 without a degree but just with work experience over 5 years ( or with just passing the level 1)?
4 года назад
Well I'm going through level 2 right now so I'll have to let you know. However, you can achieve anything you set your mind to. Getting a finance degree will help maybe just because you build on a lot of the concepts learned in school, but that doesn't mean you can't teach it to yourself without it.
