dotamasta

Yes, you must be in your final year for L1 and you need to have a 4-years degree for L2. In my region (ex-USSR and Eastern Europe) you normally finish your high school at 16-17 and get bachelors degree by 20-21.

As to whether you need to have experience in finance in order to pass: you can find quite a few people on this forum, who passed L1 (and, I guess, L2 and L3 as well) without any background in finance (neither professional experience, nor a degree), so there's really no reason to feel intimidated by lack of experience.

johnnyBuz

i just passed level 1, 24 years old...there are plenty of people that pass at all ages....having a degree in finance or accounting is helpful, but i dont think the test is impossible if you don't have one....it's all about preparation...set a schedule, stick to it, study hard, and you will pass...don't take any of the sections lightly, and make sure you UNDERSTAND every concept

ajpheif16

wow 19 is quite young rite, i thought at least candidate must study final year in order to register for cfa level 1?

btcapital

I've signed up for level 1 exam at 19 and I don't feel disadvantaged at all (majoring in finance).



Edited 1 time(s). Last edit at Sunday, January 30, 2011 at 03:59PM by b_sea93.