@ibal
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Up4
Wow that makes perfect sense. I always feel like I study better during the week than on weekends. I try only have 1-2 hours to spare on weekdays and then I try to pull an Alan on weekends. I’ll definitely be changing up my weekend study habits.
Up3This is the exact same situation that I found myself in Jill. I passed the December 2013 CFA level 1 and expected to roll right into level 2. I talked to the CFAI numerous times. They are only able to waive the education requirement if you have the relevant work experience. I believe you would need to have 2 years of relevant financial experience (which is unlikely for a soon-to-be college graduate). I heard of scenarios where a letter from the school may tell the CFAI that you have passed all required classes. My sob story was that I was doing my capstone course and had not finished it and my school’s graduate office would not send a letter to the CFAI. I talked to the head of the finance department and he sent both the CFAI and the graduate office letters trying to get me in and it didn’t work out.
So my advice is to knock out level 1. Then take a breather. Enjoy your final semester, maybe work on developing your professional skills and then just be ready for when level 2 hits, b/c it will be significantly more difficult and that’s not even including the balancing act you will have to do at work.
Up3Starting the CFA program in college can be a tremendous career step that can give you an edge.
My Story: I came from a non-target undergrad, majoring in account and finance. I passed level 1 in December prior to graduation. Not only did the CFA program elevate my knowledge base above all peers, but it opened doors that would have otherwise been unavailable to me. Professors went out of their way to reach out to industry contacts, companies that would have been uninterested actually considered me to be a real candidate.
The CFA is unlike any college exam, but the difference is that while in college the luxury of time, something nearly nonexistent after entering the workforce. This also can build a long-term advantage against any peers, because while most may wait until their first or second year before taking level 1, you will be on level 2 or level 3. This small lead early in a career can have a rippling effect.
Currently, I’ve been with my consulting firm for about 1.5 years and I’ve been able to grow and develop much more quickly than any analyst. So my suggestion is that networking and targeting jobs are important, but the CFA curriculum molds you into a much better candidate.
Up2I’d say most people are in pre-30 bracket. For level 1, I think a majority of people were 1st/2nd year analysts.
After my level 1 exam, I was talking to a cute asian girl who sat in front of me. When she found out I was still in college, she completely lost all interest in getting drinks afterwards…
Up1Could you please provide the entire question. I found that 6.825 (13.65/2) solves the problem with N=10, Pv 7,999,687,FV= 10,000,000,pmt 400,000. You may have misread something or forgotten about using a period adjusted discount rate.
Up1The morning of my level 1 results, I was spam clicking refresh on my email from 8:55 to 9:05 am. I was starting to implode around 9:15 and then realized it was sent to my junk folder. By far, it was the most heart-pumping and stomach-wrenching moment of my life.
So remember, ALWAYS CHECK YOUR JUNK FOLDER!
