![]() Don’t underestimate the smaller sectionsĮthics in the CFA exam is skimmed over by too many candidates, who rely on the summary notes rather than looking in detail, and instead they spend time on the meatier and more complex financial elements of the exam. “I can’t tell you how many people forget their calculator – you need to get the basics right,” said the former CFA head. A lot of CFA level one candidates walk around with a “lost” look on their face because they haven’t planned for the practicalities and arrive flustered and panicked to the exam hall. It sounds basic, but knowing the route to the exam location, making sure your transport links or parking restrictions are all accounted for and having all the right equipment are incredibly important to success during the test itself. You need a strategy to tackle the exam.” 3. This helped me settle in and gain confidence as well as completing a section of the exam relatively quickly. The CFA head says it’s best to tackle the subject areas you’re most comfortable with first: “I was a trained accountant when I took CFA level one, tackled the financial analysis first. Timing can be a huge issue with CFA level one candidates, who usually take a linear approach to the exam – tackling each question in the order they’re presented. It helps, therefore, to talk to as many people who have passed CFA level one before the big day. Not only will they give you tips on what to expect on the day, they can divulge tactics on how to tackle the exam. One possible reason for more success in the June exams for CFA level I candidates is that newbies are often surrounded by colleagues and peers who have done it all before, says a former head of education at the CFA in Europe. Get tips from those who've been through it ![]() So, how do you ensure you don’t mess it up? Nicholas Blain, chief executive of financial training firm Quartic Training and other CFA experts give us their tips. The reason being that you can maintain momentum and ensure you pass all levels over three years, rather than waiting another 12 months for a retake of level one.īy this point, you should be through most of the 300 recommended hours of study. Those who coach people taking the CFA exam recommend taking the level one in December if you have failed earlier in the year. Pass rates for the level one exams are generally low, but historically the proportion of candidates making it through in December is below 40% - lower than the June exams when typically 43-50% of people get the thumbs up. On Saturday, thousands of CFA level I candidates will sit down and attempt to take their first step towards the notoriously elusive ‘charterholder’ status.
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