Passed CFA L1!!
WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!
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Congrats!
Nice work! Take the day off and enjoy!
Congrats. You are now gifted with the beast called L2. I hope you like derivatives.
Congrats dude, don’t think about L2 for a few weeks and celebrate
Then after he passes L2, he will be well on his way to make milliliters!!!
I have been tasked with a glorious burden, and that is to make sure it is easier for people to distinguish millions (ml) from billions (mm)
we can’t be stopped Isaiah, it’s time for you to come over to the dark side
Congrats! Now get to studying for L2. JK but any suggestions for someone about to embark on the treacherous journey that is the CFA? What worked for you in terms of studying and pacing? Any topics you’d consider doubling down on and others that I can breeze through? I know the last thing you probably want to be thinking about is this, but I’d appreciate any input.
Make sure you over-study for each level. It sucks repeating exams. Also, the amount you study in L1 will help you to understand L2. If you barely pass L1, then L2 will be all the more difficult. Do all the questions in the CFA books. Get a tool like Schweser QBank to easily test your knowledge and improve. Spend the last week or two doing practice tests to see your weak areas before it is too late. Study Ethics often. The majority of people who barely fail, fail Ethics.
Personally, I studied Equity Investments & Corporate Finance the least. I read the summaries and went through questions, had no problems on the exam for either section. My weakest areas were Fixed Income, Derivatives and Economics. For Ethics, I studied it three times and went over all 300 questions from CFA Institute twice. It was well worth the repetition, I saw some questions on the exam verbatim from the ones I practiced.
I used Schweser study notes for 99% of my studying and completed the entirety of the CFA's ecosystem question bank. I then went back and reviewed all the wrong questions & low confidence questions. I overstudied and easily dedicated ~400-500 hours for this exam. I plan to dedicate the same amount of time for CFA L2.
My approach was pretty standard; I read all the notes, wrote out concepts and formulas for retention, practiced questions, and then reviewed the notes to the questions for references to the CFA I text. I think what helped the most was simply testing my logic and reasoning with each question, understanding why the question was right/wrong and verbally affirming concepts.
Thank you my good man and good luck to you on the next level.
Congrats!!
Congrats! Soak in the glory and try to forget that you have to suffer through and sacrifice everything for two more exams of 300+ more hours of studying per exam. Stay positive!
LFG! Congrats my man
+1 SB. Congratulations. You officially have proof that you learned what you should have already learned in undergrad business school.
Congrates !!
Nice job buddy. Level II is a beast. Don't let it discourage you. With enough hours of the right preparation it is extremely beatable. Good luck and use this confidence boost to propel you forward (after a few weeks of heavy beers, of course). Cheers.
Good luck passing L3.
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