CFA CFA Level 1 Failed L1 Again

Failed L1 Again

  • This topic has 8 replies, 8 voices, and was last updated May-18 by doCFA.
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    • Yeshank
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      I would like to begin by congratulating my fellow candidates who passed …. good luck to you guys for L2 :>

      I just failed my L1 test again

      this time i got a lower band than my previous attempt while i applied double the effort

      i did like the content of the CFA curriculum and that was the whole reason i gave a second attempt

      but at times it was quite technical for my liking but i powered through anyways

      i am a 22yo Indian with just a graduation and no work ex in any field.

      I chose CFA to build a career in finance which would hopefully take me outside India

      I dont have many friends in finance so i am just asking you guys (who have tons of life experience as well 🙂  )  

      SHOULD I GO FOR A THIRD ATTEMPT?

      what can i do to better my chances of building a good carrer base now that i have failed twice?

      All my friends took jobs right out of college and now i feel that they have moved forward 

      Any advice would be helpful 

      Also a special shoutout to Sophie for creating a wonderful site with loads of content and helpful tips

      Thanks

    • hairyfairy
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      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…

    • 10allie05
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      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.

    • Nedo
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      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

    • usmankhanfx
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      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!

    • Yeshank
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      Thank you everybody for the motivation

      i was really feeling down and this was a great pick me up

      one last question – should i be going for a full time job when i know that i have to give level 1 in december and level 2 in june?  i also am working towards some small time certification courses offered national stock exchange of india for my cv 

    • ramender
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      Hello Guys,

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

      See you around..

    • CFA_redemption_12713
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      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!

    • doCFA
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      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. 

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