CFA® level 1 - Failed it...

Most people fail level 1 the first time. You'll pass it next time in December. And if you don't, there always a bright future for you at Ameriprise. Use that thought for motivation.

I did it! Pass rate is quite good this year actually.

Venerka, way to rub it in. (i survived too)

Goldman, shake it off and take another crack at it. Take lots of practice exams.

Great motivation courage wolf haha. I am waiting to find out of my girlfriend passed L2.

failed too, but atleast i know what the hell to do now, which is take a lot of practice exams. I freaking hate they tell you how close you were to passing with the stupid band....I was in band 10 wtf

I failed the L2 exam. It was pretty brutal this year, 39% pass rate, 2nd lowest in history. At least you guys don't have to wait an entire year to retake L1.

I just passed L1 but had a lot of time on my hands for the 3 months before the exam (European RE PE firm that hasn't been doing shit). That being said, I think the best approach is to read the Schwesher notes then spend the last 2-3 weeks taking as many practice exams as possible. The more you take the bigger the data set is for your analyzing your strengths and weaknesses. The Schwesher Q Bank is an efficient way to get exposure to lot's of questions but the prior year tests that CFA supplies (2 for free, I think) are the best approximation of the level of difficulty of the actual exam.

I think if you go through the 5 books of Schweser's Notes and practice Schweser's question bank, you have a very high probability of passing L1. That's all I did for my preparation and I passed.