Advice From a Person Who Passed Level 1 The First Time Advice, finance, best, people

Bad5shah

I'm seeing a few comments about how ready/unready people are, how easy level 1 should be to consider this career, blah blah blah.

But honestly, it all doesn't matter.
Just do your best right now.
Then see the result, and decide what to do next then. It's probably not going to be late to make any decision about your career. Also, you paid for the fee anyway, so just do it.

I personally think that half the people in finance don't truly know what they're doing anyway. CFA is just a tool. It shouldn't be the end of your goal.

Just choose sth you want to do when you're 50's or 60's, and then if you decide to be a portfolio manager for example, just keep trying your hardest at CFA even if you fail a few times.

But if you don't have a strong vision in finance and just "trying out" this exam, still try hard. This can be a confidence boost if you pass. If you don't, you'll just sulk into more mysery.

soddy1979

That its fun to advertise you passed L1 the first time.

MythosHF

what's the point?

waldziuchna

Good call.



iteracom Wrote:
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> Take level 2 first, then give advice.
>
> I'm already at L3, and here's mine: If L1 is
> giving you a lot of trouble, as in, you really put
> it a solid effort and still fail 2 or 3 times,
> just quit. You'll have almost no chance of passing
> L2, and be really miserable.

Londonrocks

you passed it when we were all in diapers and the pass rate was like 80% huh?

leadcfa

Fact: anyone can pass this exam if they put in enough effort. What constitutes how much varies based on how smart you are and what you already know. This test does not determine if you are a genius, just how hard you are willing to work for it. I am currently hoping that is also the case for level 2...

hellohello - is that a baba booey reference?

koba

JoeyDVivre Wrote:
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> I took mine in the 90's and tons of stuff has
> changed since then, but the exams haven't changed
> as much as the financial landscape. The whole
> world has been devastated by structured finance
> run amok and how much of CFA exams covers
> structured finance?


True. That's my idea too.
Sometimes it makes me think CFA institute just wants to commercialise the certificate.