Only 25% Passed This Year's CFA Level 1 Exam

Just work and get lots of experience as a CPA switch to finance jobs then get your masters in finance and network ....it aint worth the stress unless you want to go strictly into equities and portfolio management

Does any of the CFA holder holds a multi billion hedge fund? I couldn't even find one. Warren buffett, ray dalio, larry flink, david einhorn, jim chanos, bill ackman, carl icahn, etc. None of these famous funds manager have a CFA in their belt. So why waste time on a finance encyclopedia?

A lot of candidates who are practising very hard but do not pass, fail a critical aside - they do not work on recall-and -retain element of the formulas and merely rely repeatedly on their "cheat sheets" of formulas whilst doing their practice. This does not help much but they must rather devote 15 or so minutes every other day to recall formulas on a specific topic on a BLANK piece of paper, and then match it to the formula sheet. This way they'd be able to embed the formulae in their minds.

My advice, do not rely solely on the packaged CFA study materials from Wiley. Its cumbersome, too professorial, and a huge time waster. However, I wouldn't ignore it, but you definitely need to complement it with something like Schweser, which is far better and to the point. This is especially true for levels II and III.

Stop exagerating.. I'm a PhD student in International Economics and I don't think CFA is tougher than PhD... Yet PhD students dont complain as you guys. I plan to sit for the CFA exam next year and I know I shall make it at my firts attempt. I mean all the three levels!!!

Eddie seems like lacking of sleep. Passing that level 1 seems right.

this exam is dumb

Just failed level 2 in august. It's so fkin hell to go thru it. But I have no other choice. Wish me luck for nxt year

CFA exams are getting easier but the MPS (minimum passing score) is getting significantly higher... CFA Institute realized the pass rate was way too high and with only 3 answers to choose from on the multiple choice questions, you have a 1/3 chance of guessing correctly... combined with the MPS falling below 60% and the CFA was quickly losing its value.

This is a good move by the Institute.

Man I did the CFA level 1 exam for the second time in August 2021, and just learned that I didn't pass. The pass rate was 26%. I must have put up to 900 hours in total for both levels. I did everything that was recommended: studied 2 to 3 hours each day for many months, did up to 10 mock exams for each exam and took 2 weeks vacation before the exam to study my guts off, 10-12 hours every day until the exam. Honestly, what's the point of making an exam so hard? I repeat, the pass rate in August 2021 was 26%. I blame the CFA Institute for mirroring hope to entering candidates that being a CFA charterholder is accessible and that it can be done with 300 hours of study for each level. This is NOT the case. If you want to start the CFA journey, I strongly recommend to get several years of experience in the finance industry before, and read many, many, many finance articles. Otherwise, you're way better off with an MBA. It however teach me how to study, like really study. But at what price?

Meanwhile CA students from ICAI.

What's the big deal!

That is pretty good compared to lots of others.

It’s 22% now for July

if we thought that was low before..today 22%

Just passed cfa level 3 and here to encourage everyone that nclex is not as hard as assumed, just work smart and you would pass

Money maker!

Cfa institute is a money printing machine

I spent like 100 hours for each level and now passed all three. My recommendation would be: 1. rely on the books, not on notes. Most of the notes covers only parts of the curriculum and you're deemed to miss about 20% of the content that would exist on the exam, which could be very critical. 2. Always do the exercise on the textbook. Maybe only part of it, but never assume you know it and skip it. You only find out what you need to learn after you actually did it and got stuck. You'll miss a lot if you just think you can do it without actually doing the exercise.

I wrote the July exam....this is my first yt suggestion at 1 am ...wtf is life telling me

There is no big deal.....in ca final one subject is of 300 hour.

It’s probably low because Indians didn’t attempt in May due to the Covid 2nd wave

CFA: 42% pass rate
JEE: bruh

300 hours are nothing a lot for Indian student Indian students studying more than 7-8 hours a day some them are studying more than 13 hours a day 300 can be done within a month

The more CFAs in the market, the more opportunities in the market.

Please keep spreading standard knowledge.

I’d say this is similar to all financial related institutions, roughly only 3% of all accountants who are qualified by education. Going from AAT Level 2 to chartered or certified accountant (ACCA,ACA, CIMA or ICAEW) will take roughly 8-10 years

No exemptions that I'm aware of from any finance university credited courses, including masters, make it a difficult qualification to pursue.

Why do people hate CFA? No degree guarantees affluence. And its not like CFA makes any claims insinuating that. They don't force you to take the exam either.

Check out ICAI Chartered Accountancy exam
25% will seem high

I hate CFAs that's why I work in consulting now lol...

TBH, CFA is borderline scam. The actual theories and concepts are not at all hard, and the most math you will ever gonna do is calc 1. Seems like they're trying to hide the basicness by making you memorize A LOT of equations that are easily searchable accounting principles.

Meritocracy...Wall Street also has middle class...

Wonder if there is incentive for the CFA Institute to make it harder…. ‘We want single digit pass rate, we want getting into Ivy like getting to a community college when compared to passing the CFA’

Probably disrupts in ADHD meds supply chain.

why only selected handsome to pass, not so difficult than those aviation calculation for weighted about a planet

looollll 4 years undergrad 4 years cfa and its a good start lmao this society going to shit

My favorite part of this video is the image of Jared Dillian, rocking a legit Gordon Gekko hairstyle. The 80s, and greed, are back in fashion.

very cool piece i loved this!

CFA !

other 75% will be Screen Monkeys on Bloomberg getting everything wrong :::))))))

Sour grapes...

Meanwhile there are many young influencers posting videos about pranks, makeup, outfits, etc. and bringing in millions of dollars in income.

So you are not going to be hired as a hedgefundmanager doing the CFA

300 H hours for studying each level?? if that would be true i would have been twice a charterholder now

CFA is worthwhile if you want a career in capital markets

I studied for over 1000 hours for level 1 and got me above 90 percentile in the Feb 2021 exam.

I've taken and passed lvl 1 (roughly 200 hours of studying), however I decided to not continue down the cfa route after realizing the time investment was not worth the pay increase. I could simply pick up a part time job and fill the gap between the proposed increase with 1/10th the effort. I also moved into fintech, which doesn't recognize it at all (and pays more than my previous banking job)

lol i passed level 1 when i was 20, definitely not 300 hours,

Need more lockdowns, i m sure it will make grades increase

Another way to look at it would be this: of the people who started studying last year, just 4.5% will have their CFA after 3 years (25% pass level 1, 45% pass level 2, 40% pass level 3). Typically the 3 year completion rate is a not so astounding 8%. Law school and medical school has a higher completion rate.

Colossal waste of time, like most of the financial investment industry