Group: CFA

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This group is for CFAs and those aspiring to pass the Chartered Financial Analyst exam.

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Comments (53)

Nov 25, 2013

Awesome group to start up. I'm sitting for Level I in about 13 days. Good luck to all the other WSOers doing the same!

    • 2
Nov 25, 2013

good luck!

Nov 28, 2018

Do u have IFT Video 2019?

Dec 3, 2013

Started studying for Level 3 yesterday. A sad day indeed.

    • 1
Dec 3, 2013

:-( good luck!

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Mar 16, 2016

How did it go? Im sitting for L3 this june and im way behind schedule

Mar 17, 2016

I passed. Went through the material 3 times though, did all the Schweser practice exams and CFAI exams from previous years.

Dec 3, 2013

good opportunity to test our new Youtube oembed feature...just paste in a youtube link and should auto embed now:

http://www.youtube.com/watch?v=VHhKttgIMCY

Dec 3, 2013

Great Idea!

    • 1
Dec 9, 2013

Started Level 2 recently. Fuck quant.

Dec 9, 2013

good luck, I dont envy you :-)

Apr 16, 2014

I want to join Group CFA. How do I join it ? Please accept me into this group.

Apr 16, 2014

How do I join this group?

Apr 16, 2014

You're in it broseidon

    • 1
May 11, 2014

How does one join? I passed Level 1 Dec. 2013.

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Best Response
Jan 30, 2016

Hey lads, can someone recommend me a book for CFA level 1. You can add an affiliate link to it if you like, I am happy to help a fellow WSO monkey. I am first year university so I am going to go through CFA each summer for the next 3 summers. Fingers crossed.

hi

    • 2
Jan 30, 2016
Mar 8, 2018

However all the CFA's at the best Asset Management shops are the studs.

Feb 17, 2016

Wait I thought we're supposed to be in our final year / graduated from uni to take CFA??? I should've taken it earlier haha.
Btw; if you're taking the June 2016 go with schweser book since it's very dense and would be quicker to finish - else do CFAI since it helps a lot in understanding the concepts deeply IMHO. Goodluck!

Feb 17, 2016

You have to be a senior in order to even register for CFA L1. You cannot sign up for CFA L2 until you have graduated university. I would sit back and relax.

Feb 17, 2016

How long does it take to finish the curriculum of level 1?

Mar 8, 2018

Bump

Mar 7, 2016

Passed level III last year. I am going to be day drinking at the ball game June 4th, and Memorial day... Cheers and good luck!

    • 2
Mar 7, 2016

Do you guys have any tips/strategies as to the Level II exam? I'm doing it in June and just started studying...What is the best way to tackle the Level II?

Mar 7, 2016

Just a few random thoughts I have. Don't take any of the small readings for granted, make sure you cover everything at least once and the bigger concepts much more, as there is a lot of material. Give yourself at least the entire last month or more for review and practice problems. I am a slow reader, so if I was starting now I would feel at a big disadvantage, so hopefully you are not. If you start reading in order and are not a quant guru don't get too hung up on trying to understand it all on the first run through. There is so much material you don't want to get hung up too long on 5-10% of the exam and not focus on FRA, and Equity which are the big topics. Just a few tips I had knowing from failing level II the first go around.

    • 2
Mar 7, 2016

I really appreciate the insights. Thank you so much!

Mar 7, 2016

congrats!

Mar 9, 2016

Studying for lvl 2 now, I just want this shit over with. Busting my ass so I don't have to do it again

    • 1
Mar 9, 2016

good luck man...i don't envy you :-)

Mar 16, 2016

I feel ur pain, im sitting for L3 this year. Just get it over with

Mar 17, 2016

I'm right there with you, also studying for L2. Just keep busting it, we are close. I'm ready to have a life again haha.

    • 1
Mar 21, 2016

Do you guys recommend reading through everything (relatively quickly), then doing chapter questions? or doing questions immediately after reading through their related chapters? This is for Level II btw.

I'll be doing practice exams provided by the CFA Institute and Schweser as a comprehensive review at the end as well but just curious about how to handle chapter questions.

Mar 21, 2016

I am following the same plan i did for lvl 1.
1. Reader Schweser and take notes
2. Watching on demand Scheweser topic video
3. Schweser EOC questions
4. Schweser Qbank questions

I also attended a live class for lvl 1 but since I started late for lvl 2 I am only doing the online classes (have only attended one so far).

Once i get through these readings I plan on going over CFAI EOC questions, CFAI Topic tests and as many mock exams as possible.

Jan 8, 2018

How hard and time consuming is the CFA - level 1, 2 and 3 (compared to the FCA...)?

Jan 8, 2018
financefairy:

How hard and time consuming is the CFA - level 1, 2 and 3 (compared to the FCA...)?

What is the FCA?

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Jan 8, 2018

The regulations exams you have to take to work in investment banking in London

Jan 9, 2018

It is a monster time commitment, but the test isn't difficult at all. Remember, the test makers do not have to do a lot of tricky things to fail 60-70% of the test takers. There is so much material, and that is the challenge. Just slogging through the material (3+ times, you will need to go through it many times) is the reason most fail it.

My two tips

  1. Stay committed. I started studying every October for the June test. Every night and weekend.
  2. Don't open the CFAI material. I passed all three levels on the first try and I have the CFAI boxes still stacked in my living room. I used Schweser(especially the videos+QBank) to drill the material.

Good luck!

    • 1
Jan 9, 2018

Thanks a lot! :) Every night and weekend from October to June sounds really worrying...When you say weekend it is both days all day long?!

Jan 10, 2018
financefairy:

Thanks a lot! :) Every night and weekend from October to June sounds really worrying...When you say weekend it is both days all day long?!

No. I only studied in short bursts. Just a few hours(no more than 2) per day. On weekends, i would study early in the morning, then not look at anything until the next day. Take your time. It's a marathon(both studying and the test)

Jan 10, 2018

Agreed with this thesis. I am super lagging since the holiday season for my level 2 studies but 2 hours on weekdays then 4 hours on saturday and sunday is the plan. Of course on saturday and sunday don't sit there for 4 full hours. Do 2 hours, take a break, and another 2.

Jan 10, 2018

Okay! But I imagine you also have to go through everything again a couple of days before the exam no? Thank you!

Jan 11, 2018

I usually started studying around Jan (for June tests). Maybe two hours every weekday night then 4-5 on saturdays, sundays off. Tried to wrap up 4-6 weeks prior to the exam and spend the rest of the time drilling practice questions and re-reading my highlights to fill in what I was missing.

Jan 11, 2018

I would read the chapter in Schweser. Then doe EoC problems in Schweser and CFAI. Practice problems are key. Especially redoing the ones that you get wrong

Apr 14, 2016

Anyone know of decent free online videos for Level 2? Specifically the last reading of portfolio management, but all other sections would be helpful as well. I find it beneficial after finishing a reading to watch a summary video, hopefully some of you feel the same and can provide some resources. Much appreciated!

    • 1
Nov 28, 2018

I don't know very much about the "Chartered Financial Analyst" program. From what I gather, though, it's a set of exams that you take to get certified to be a money manager out in Ohio.
They ask you trivial finance questions and tease your brain with provocative ethical scenarios like: "Should you steal your clients' money? Answer yes or no."

I do remember, a few months after graduating from college, hearing the news that a girl we knew, Jen, had somehow managed to fail the CFA Level 1 exam. There was such widespread disbelief in the community, on the same order of magnitude as when we heard someone we knew was "making a documentary." Something like 40% of people pass the exam, and frankly, we just couldn't wrap our heads around the concept of the 59th percentile. "I'm disgusted," said a friend who had hooked up with Jen once, quickly making his way into the bathroom to shower and rinse his mouth out with Scope. Jen took the failure as a sign--an opportunity to "follow her dreams" and become an actress. She is now the subject of our other ex-friend's documentary, the title: Banker Chick Gets Creative: A Riches to Rags Story.

http://www.leveragedsellout.com/2008/07/chartered-...

    • 4
Dec 1, 2018
WolfofWSO:

I don't know very much about the "Chartered Financial Analyst" program. From what I gather, though, it's a set of exams that you take to get certified to be a money manager out in Ohio.
They ask you trivial finance questions and tease your brain with provocative ethical scenarios like: "Should you steal your clients' money? Answer yes or no."

I am going to make the assumption that your comment is serious and that you are not being sarcastic. Why don't you just Google CFA Institute and then learn about it instead of posting a comment that does not make much sense.

Dec 3, 2018
Series7examtutor:
WolfofWSO:

I don't know very much about the "Chartered Financial Analyst" program. From what I gather, though, it's a set of exams that you take to get certified to be a money manager out in Ohio.
They ask you trivial finance questions and tease your brain with provocative ethical scenarios like: "Should you steal your clients' money? Answer yes or no."

I am going to make the assumption that your comment is serious and that you are not being sarcastic. Why don't you just Google CFA Institute and then learn about it instead of posting a comment that does not make much sense.

Check the link out in my post.

Dec 1, 2018

In my opinion, CFA Institute is using questionable (may be even discriminatory) practices.

I provided CFA Institute with a document issued by Embassy of my country in the United States, which allows me to travel to my home country and at least one more country, which does not require a visa. CFA Institute refused to accept this document as a substitute to international passport because it does not allow "unrestricted travel"

Basically, according to CFA Institute my educational opportunities should depend on the list of the countries I can visit. In my opinion, it is not compatible with US laws, international treaties as well as recommendations of international organizations.

In particular, there is UN Convention against discrimination in education. UN promotes equitable access to education, which does not mean "one size fits all"

According to Brown v Board of Education, the right to an equal educational opportunity is one of the most valuable rights you have.

On addition, "unrestricted travel" is a subjective criteria, which is open for an overbroad interpretation.
Approach of CFA Institute can be interpreted as indirect discrimination based on nationality.

Dec 1, 2018

Is there something preventing you from getting a passport?

Dec 3, 2018
ma1991ma:

In my opinion, CFA Institute is using questionable (may be even discriminatory) practices.

I provided CFA Institute with a document issued by Embassy of my country in the United States, which allows me to travel to my home country and at least one more country, which does not require a visa. CFA Institute refused to accept this document as a substitute to international passport because it does not allow "unrestricted travel"

Basically, according to CFA Institute my educational opportunities should depend on the list of the countries I can visit. In my opinion, it is not compatible with US laws, international treaties as well as recommendations of international organizations.

In particular, there is UN Convention against discrimination in education. UN promotes equitable access to education, which does not mean "one size fits all"

According to Brown v Board of Education, the right to an equal educational opportunity is one of the most valuable rights you have.

On addition, "unrestricted travel" is a subjective criteria, which is open for an overbroad interpretation.
Approach of CFA Institute can be interpreted as indirect discrimination based on nationality.

Less is not more. Why can't you get normal passport?

Dec 3, 2018
Dec 3, 2018