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Passed: > 70: CF, Econ, Equity, Ethics, FPA 50-70: AI, Deriv, PM, Quant 50: FI
Congrats to all.
PASSSS P-A-S-S-A-S-S P-A-S-S-A-S-S that shit!!
70% on econ and quant but fck it I knew i was guessing on those two anyway!!!!
Passed 50 -- Derivatives 51-70 -- Ethics, FI, PM, QM >70 -- Alt, Corp Fin, Econ, EQ, FRA
how are you going to put it on your resume?
CFA Level 2 Candidate once I register tomorrow
June 4, and yes I am
Nice. Good luck on level 2!
Dang, Im not sure if I should take L2 this June.. I really want to find a credit job soon, and L2 feels like a big time commitment. I studied for L1 with 3 months left and it was brutal. Also, early registration is alot cheaper..
Only one way you're allowed to: "John Smith has passed the CFA Level I exam" or "John Smith is a candidate for the CFA Level II exam" (if you're registered).
PASSED! >70 Equity Alt. Inv. and FRA 50 Derivatives 50-70 everything else.
SO HAPPY. Congrats everyone!
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I'm going to put that I'm a level I CFA and my high scores will make me a great analyst leading to strong investment results
this made me laugh
Right now, I have passed level 1 of CFA program, but its under my certifications and its very small. I wonder if it'll be ok if I increase the font size just for that part of my resume.. (the rest of my resume is highly irrelevant).
a lil joke, maybe..
Congrats to all you guys. Are any of you taking level 2 in May?
Passed!!
Multiple Choice
Q# Topic Max Pts =50% 51%-70% >70% - Alternative Investments 10 - * - - corporate finance 17 - - * - Derivatives 12 - - * - Economics 24 - * - - Equity Investments 24 - - * - Ethical & Professional Standards 36 - * - - Financial Reporting & Analysis 48 - * - - Fixed Income Investments 24 - * - - portfolio management 17 - - * - Quantitative Methods 28 - - *
Also, did any of you guys feel rushed for time during the exam? Don't they allow you to bring a hp12c or texas instruments calculator?
Time was not an issue for me. I finished both sections with plenty of time left, that included going back over questions I had flagged. You can only use the approved calculators, either the TI BA II Plus or HP 12C
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AM section was tight, PM I had 20 minutes or more extra.
I had plenty of time left on both sections. I also marked down questions that were confusing, but I didn't go over it. Oh! Yeah the morning exam was easier. After the PM session I was like "so who passed?" lol
After the morning session I walked out laughing at how easy it was. Thinking to myself, people really fail this? My opinion change drastically after the PM section, that crushed me and I thought for sure I failed
yeah I felt like that was the general consensus. I remember thinking: wow these guys are brutal; hit us hard after we were already tired.
Congrats to all those who passed.
As a recently designated charterholder, I feel your pain, but it's worth it!
I put "Passed Level I of the CFA Program in December 2015". And thanks fellow intermittent fasting practitioner.
Passed I will be signing up for L2 in June
Congrats to all those who passed! Best of luck with Level II!
Congrats to all. Taking Level 1 coming June 2016..
Cannot stress enough the importance of adhering to all the exam rules and regulations. While I was checking in for the test, there was an international candidate two people in front of me. The proctors confiscated her calculator because she did not have the allowed instrument. I fortunately had a back-up calculator and offered up my spare. Definitely didn't feel solid coming out of the exam but just found out I passed. Completely attribute it to karma.
It was crazy but I passed. Crammed it in 2 weeks and didn't do any practice exams (would explain the low ethics, FI and FRA parts), surprised at portfolio management though (i'll tell myself it was on the cusp) - bottom line is though that I count myself lucky. Managed to finish both sessions with about 30-40 mins to spare however.
horseshit
I wonder if the value of the designation will decline over time as it becomes significantly more prevalent. In other words, will it become more of a requirement and less of a value-add than it currently already is? Around 135K members, and this year alone over 103K people sat for Level 1. Obviously not everyone who sits, completes the program, but will be interesting to see what happens over the 10yr/20yr outlook.
I could see this definitely being the case. Consider 30-40 years ago when an undergrad was considered a value-add and now it's a requirement.
As time goes on it feels like we are required to specialize at an earlier and earlier age (for better or worse). Only a matter of time before we go to specialized elementary and high schools.
Praesto I think it would depend on where you were. Most of the growth in CFA enrollment is in Asia. See this article from Bloomberg below: http://www.bloomberg.com/news/articles/2016-01-26/cfa-pass-rate-nears-d…
The stat that 43% of the candidates passed the level 1 would indicate that things did not go well for 53% of the test takers.
Congrats to all who passed, but personally I would automatically ding anyone who wrote CFA Level II candidate or equivalent on their resume. Once you pass Level II (which is at least 2-3x harder than I) then maybe you can consider mentioning it very briefly, if even
No one likes people who are insecure or try-hards, so always act like everything is super easy and you don't care or put any effort (even though you spent hundreds of hour studying)...basic psychology
Case-in-point: look at paradox #3 from the below (sweet post from an excellent blogger): http://markmanson.net/paradoxes
Law #30: Make your accomplishments seem effortless http://48laws-of-power.blogspot.com/2011/05/law-30-make-your-accomplish…
if you are advising us to leave CFA off our resume until we pass level 2, I'll have to say hellll no. Plus, its not what you say its how you say it; In the right context everything can sound questionable.
I'd Agree-- it completely depends how you position it. If you are trying to get a foot in the door, showing that you have the intent to make it through the program, are willing to commit $1200 just for the test + however much on study materials, and you actually have the intelligence to pass, isn't a bad thing.
Yeah not quite sure what you're saying here. For your firm/what you recruit for, it seems like Level I isn't that big of a deal, fine. At the same time, not advertising the fact that you're a Level II candidate after signing up and dedicating a ton of time to studying is BS, especially coming from a not-so-attractive role in finance. Haven't gone through your history to see if you're a charterholder (I would assume you are), but that's disappointing to see that you feel that way.
EDIT: Congrats to all those who passed. I remember incessantly refreshing my inbox and feeling elated after seeing that "Congratulations!"... onto the beast that is Level II. Good luck bruhs.
Any one who quotes or follows the 48 Laws of power is a dickhead in my book
Could be true but you don't get power by being nice and straightforward brah. For further info please direct all questions to Frank Underwood
Not at all. There are plenty of jobs that say "progress to CFA preferred". Sure, maybe putting level 1 isnt anything special, all it shows is you registered. At this point you've put the effort in and have shown your competence. Put it on your resume
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Congrats all! Will be taking the level 1 in june. Started studying last week.
How did yall handle the formulas?
How many hours would you guys estimate that you studied and when did you start? Did you use Schweser? Anyone get it all paid for by your firm?
Started towards the end of June for the December exam. Really amping up studying the last 2 months.
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