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Up4
I was in a similar circumstance, graduated w/ a BS in Finance in 2004 and just sat for L1 this June. It’s frustrating initially because a lot of the material will seem vaguely familiar but ultimately you’ll need to put in work to reacquire your understanding. Like Zee said, you’re actually in a better spot than some candidates and once you get going it will come back to you. Start early and put in the work and you’ll be OK.
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Up3
Hey @Chris7906‌
I doubt this will be ‘a waste of money and time’ simply because you’ve forgotten your school material. Many candidates (myself included) started with a base knowledge of finance of 0 (in our analysis report we find that this doesn’t influence performance at all, in fact the opposite is true).@Sophie‌ can comment more about this as she’s economics-trained before CFA, but she also has mentioned many times that CFA Level I starts with the basics and should be perfectly doable, especially if you’re also currently in finance. -
Up2
Hey @Chris7906‌ – @zee and @bostonCFA2014‌ are right. CFA is great in that it brings everyone on the same page, CFA level 1 is very do-able even to beginners with no finance background (or if you’ve forgotten most stuff like most of us do). I wouldn’t worry about it at all – it may be easier for candidates with relevant finance background for Level 1, but we will all find Level 2 and 3 challenging anyway.
@vincentt can share his experience here for sure. He’s a software engineering/IT background and has done extremely well so far learning finance from scratch through CFA, passing the exams (L1 and L2) consecutively, using this forum extensively to ask/discuss questions. He’s a recent L3 candidate and is waiting for results.
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