CFA Exam

[LuNaR]

anyone have experiences that wanna share about this test? i just registered for it

[darkcser]

anyone have experiences that wanna share about this test? i just registered for it

I assume level 1?

I took level 1 about 4 years back, passed it after 350+ hours of study. What I used where Schweser books and online tests complimented with a class offered at BSAS. Four others at my workplace took it at the same time, one other person passed, one decided not to take the test, one failed and it was his first try, the last guy failed and it was his third try. All in all pretty representative of a 40% pass rate.

Between the study material, the class at BSAS and the exam registration it came out to be ~$3,000. I was very stressed out at the end, and depressed since I ended up take a full week off from work so I can do practice exams every day.

The material was pretty interesting but both my undergrad and masters were in CS so I've never taken accounting, corporate finance, macro economics, or even statistics. The cash flow and balance sheet calculations were the most difficult for me while studying but in terms of final score, I think I scored above 70 in all categories and 50-70 in ethics. Ethics is weird since it's often easy to know if something is wrong but difficult to pin down which principle is being violated.

I thought about taking level 2 but my guinea pig (the other guy who passed) failed level 2 after deciding that all he needed to do was practice exams, and it seemed that the road to becoming a PM wasn't particularly viable or desirable from where I was.

[LuNaR]

I assume level 1?

I took level 1 about 4 years back, passed it after 350+ hours of study. What I used where Schweser books and online tests complimented with a class offered at BSAS. Four others at my workplace took it at the same time, one other person passed, one decided not to take the test, one failed and it was his first try, the last guy failed and it was his third try. All in all pretty representative of a 40% pass rate.

Between the study material, the class at BSAS and the exam registration it came out to be ~$3,000. I was very stressed out at the end, and depressed since I ended up take a full week off from work so I can do practice exams every day.

The material was pretty interesting but both my undergrad and masters were in CS so I've never taken accounting, corporate finance, macro economics, or even statistics. The cash flow and balance sheet calculations were the most difficult for me while studying but in terms of final score, I think I scored above 70 in all categories and 50-70 in ethics. Ethics is weird since it's often easy to know if something is wrong but difficult to pin down which principle is being violated.

I thought about taking level 2 but my guinea pig (the other guy who passed) failed level 2 after deciding that all he needed to do was practice exams, and it seemed that the road to becoming a PM wasn't particularly viable or desirable from where I was.

yea im starting level 1, and thanks for the tips and experiences

[pemberly]

i thought about it, but it's super expensive! your company paying for it?

[LuNaR]

i thought about it, but it's super expensive! your company paying for it?

out of own pocket lol

[pemberly]

have you taken it yet? for your sake, i hope you pass, bc that test is a cool thou right?

[LuNaR]

have you taken it yet? for your sake, i hope you pass, bc that test is a cool thou right?

i actually switched "career" lol, atm im focused on aml + fraud, bene doing that for a year already, liking it. probably gonna take the CFE instead lol

[pemberly]

wait, so you paid the thou for nothing? or can you apply towards the CFE instead?

[LuNaR]

wait, so you paid the thou for nothing? or can you apply towards the CFE instead?

yea i just skipped the test lol, o well

i learned a lot about investing going thru the books anyways

[pemberly]

so you bought the books AND paid for the test? pretty penny.

[LuNaR]

so you bought the books AND paid for the test? pretty penny.

yea lol o well, O WELL!

stahp reminding me