Failed L1 Again

Hey @Yeshank 

Are you solely concentrating on CFA and not taking any jobs? I would recommend that you do both – CFA candidates are rarely full time…

I failed for 2 times, finally I pass on my third attempt.. my advice to you is to do more mock exams.. minimum 4 – 5 exams.. and you MUST score at least 70% in these exams..

don’t give up

Hi Yeshank,
Never give up. You only need to change your strategy to prepare for the exam. CFA L-1 is all about lot of concepts with less depth. Its all about memory and focus. Practice is very important and also give more time to those areas that have more weights and leave those areas that are too difficult and have less weight e.g. few quants topics, tax reading in FRA and tough derivatives concepts ets. as these are very difficult and not tested frequently. On the other hand, memorize, practice and learn every single concept in FRA and Ethics etc. 

I failed the first time I took level 1 not because I wasn’t prepared but because of all of the nerves on test day-the second time round I also did more mock exams, found a study group and gave myself the final month of just doing practice tests/quizzes, as well as eating healthy, exercising and most certainly getting enough sleep. Passed with ease that second time after applying the above and have now just passed Level 2. You can do it, don’t get discouraged, I’m sure you have a lot of people who want to see you succeed. Keep going!

I passed on my third attempt.  This time I took my studying more seriously than ever had before.  I know I studied at least 300 hours and did all the practice questions.

Hey Buddy,

CFA is not the only reason to actually land a job outside India, I just graduated with bachelors in finance and will be writing my Level 1 in December, I live in Dubai. Believe me the job market is so competitive that now Academic grades and Qualifications are not the only thing that might help you get the job in your industry. You really need to start working somewhere, maybe internships, something. I was working for the past two years along side of my university and I was full time in both places internship in a big MNC, and even now i do not have the “relevant experience.”

CFA is very well-known and for a matter of fact the recruiters really value it.

Goodluck with your job hunt and CFA

Again, go for your 3rd attempt

Cheers!

Hello Guys,

Another one of those IT guys who think CFA is going to spice up their profile/knowledge a bit.. !!

See you around..