CFA CFA General Just Being Nerdy!!!

Just Being Nerdy!!!

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    • sankrutimehta
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      As I sit across the computer looking at my CFA Level 3 result, which starts with “Congratulations!” (I did not have the heart to read anymore!!), it just hit me that how did I get there!
      To begin with, I am no 95% student nor do I call myself a prodigy. But I am also not lazy and do pursue my decisions with no thought of giving up.
      Well, I started my CFA studies while in the last year of my graduation in Commerce. It was 2 months to my Final Exams (in April) and just 3.5 months for CFA L1 exam (in June). And I cleared!!!
      I am not saying that its a great idea…but it’s not impossible either.
      Some key learnings I had from my journey till 6th August 2013 when I saw my L3 result is what I would want to put in here:
      1. CFA is no piece on cake, but nor is it as tricky as the journey to Mars. All it requires is dedication and pursuation. Anything can be learnt if we pay enough attention. Note that no geniuses clear CFA exams, they are rather hardworking people.
      2. Doing CFA does not mean you go anti-social. I say once in a while we all need human contact to avoid turning zombies. I would always gift myself with one outing a week (for 1-2 hours) if I could complete the target throughly.
      3. No use skipping any topic. If done, eventually it will come and bite your ass in the next level. Since every topic builds upon itself, even if u manage to pass after skipping a topic, it will haunt you throughout the journey to the charter.
      4. Don’t try contemplating the result during study time or exam. CFA curriculum itself is enough to keep anxiety levels high. During the exam, it doesn’t make sense thinking if you would pass. Cuz it anyways doesn’t depend on your stand alone performance and you cannot know the MPS before hand. Plus CFAI gives you a good 1 month to keep contemplating about the result.
      5. Rest well. CFA is just like any other exam where u need to be well rested, not just before the exam but through your preparation. Remember, Rome was not built in a day. So you cannot complete the curiculum if you study all day and night without a blink. Rather rest well and have the foundation build brick by brick.
      And just when you are about to say that all this is easier said than done, I do admit that during my study there were times when I would just get bored or procrastinate. But those are random pangs of mood swings. Unless there is a a concious attempt to do away with those mood swings, nothing in life could be achieved.
      In addition to these tips, couple of level specific tips,
      Level 1: Know your calculator well!!! Read the exam policies as this might be the first prefessional exam you take!! Know the concepts well!! (Will help in L2) – I had started L1 studies from end of Fe and completed in April with May for practice.
      Level 2: Practice, Practice, Practice!!! The utter vastness of L2 curriculum is overwhelming. But practice is all it takes. – I started L2 studies in Nov, with heads-on prep from Jan till mid-April.
      Level 3: Write papers in exam like conditions! The curriculum is relatively simple but the exam questions are not. All you need is many papers (which the institute offers with guidelines). If possible get someone who has cleared the exam to check your papers.

      I would keep coming with more Nerdy blogs!! Till the next time…keep nerding 🙂

    • huwabara
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      Wow wonderful post! Thumbs up.

      The way I see it, the charter is half what you get after completing the program. The other half is the person it helps you become. And that, my friend, is invaluable.

    • Zee Tan
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      Awesome stuff @sankrutimehta!

    • sankrutimehta
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      @Zee @huwabara: Thanks guys!!

    • christine
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      Note that no geniuses clear CFA exams, they are rather hardworking people.

      It’s all about dedication. We’re detecting (again) that lack of preparation and complacency is the biggest factor for failure in the CFA exams, not background, or any kind of pre-CFA finance education.

      I did become quite anti-social when I was prepping for my CFA exams though.. :S

    • Sarah
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      I also became antisocial mostly because I have such an active social life that I just had to cut back significantly.

    • huwabara
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      I had a significant advantage over you all. I’ve always been antisocial.

      But now, I have an excuse! 😉

    • dpittle
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      I can relate to the mood swings. There has been a few times during FRA where I’m thinking what the heck I’ve gotten myself into. Anyone else want to throw their head into a wall at times?

    • MattyJ
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      I became antisocial just because I don’t like other people.

      😉

    • MattyJ
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      I can relate to the mood swings. There has been a few times during FRA where I’m thinking what the heck I’ve gotten myself into. Anyone else want to throw their head into a wall at times?

      Having finished a mock exam the weekend before my Level 2, I scored in the mid-50’s. I jumped up, screamed in anger, and launched the pen across the room into the wall on the other side. Man I was pissed. Luckily it was in the office at 10pm on a Saturday so I was on my own. Ended up passing, god knows how!

    • sankrutimehta
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      By going social I dont mean partying all night..or hanging out all day. But I did need some refreshing time with people; sometimes a short shopping visit or just a walk in the park with my bestie!!

    • DJ007
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      @sankrutimehta- how did u begin your studies? i mean what did u start with?? i plan to give my L1 in June next year….

    • sankrutimehta
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      @DJ007: Welcome to the family!! For L, I started with Econ cus it is one of my favorite and I had similar topics for my Graduation Exam. I started with Kaplan.

    • Jwa
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      @MattyJ I destroyed so many pens and pencils, tore pages out of books. The only thing I haven’t damaged is my calculator, but I guarantee I will be taking a shotgun to that m*therf*cking medieval torture device if I ever pass LIII.

    • Sophie Macon
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      Oooh @zee, we have yet to try destroying one of these calculators :))

    • Jwa
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      @Sophie @zee my wife is Virginian and her family have quite the arsenal, when I get round to it (hopefully next August) the destruction could make a pretty spectacular video! 😛 Actually, just thinking off the top of my head, clay pigeon launcher could be quite good.

    • bucca9
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      thanks

    • vincentt
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      awesome post! Keep them coming 😀

    • Sophie Macon
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      ooh clay pigeon launcher! MUAHAHHAhahahAHAHAHA. @Jwa I think you just created a monster. A calculator smashing one :))

    • Sophie Macon
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      ooh clay pigeon launcher! MUAHAHHAhahahAHAHAHA. @Jwa I think you just created a monster. A calculator smashing one :))

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