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I spent about 4 hours studying for L1 and passed, but I was only a year removed from an MBA with a finance concentration and had 4 years of relevant work experience. I tried the same thing for L2 and got my ass handed to me. It was so bad for L2 that I didn’t even bother to sit for the afternoon session.preppie wrote:
^ that’s nothing. someone on this forum, forgot his name, studied for a day and passed level one.
Well, I’m looking at June 2013 for the CFA - Level 1. But at the same time, I’m wondering about an online MBA program as well.FrankArabia wrote:
no way you can pass the December L1 exam if you started right now….impossible….never heard of anybody ever doing something like that…i mean, i know of a few who might have tried, but its impossible…you gotta plan 2-3 years ahead….
Yes, primarily ethics. Then skimmed through the LOS to see if there were any topics I wasn’t comfortable with and just had to refresh my memory on some supply and demand curve stuff because I didn’t use that at work. That was more than 10 years ago though, so I imagine L1 is harder now. It also didn’t work for L2 the next year.preppie wrote:
I am absolutely amazed. Just four hours, I bet out of the four you spent most of it on Ethics.
It is very possible and I think it is very common; MBA included. I did it and a lot of people did it as well, even for L2. Ad I’m prety dumb - just worked hard at it. It will probably be intensive though. The question only you can answer is how hard you want to work. Just try to estimate how and when you’ll fill the time into your schedule and see if it’s worth it.Mogtrader wrote:
I appreciate the comments from you folks and I’m kind of confused as to what to do now. December’s testing location requires me to travel and I don’t know if I’m going to be up for it, or even be capable of doing so because of my works schedule. The next probably one in my area would be June 2013.
I guess, I’m curious to know what route I should take. I’m thinking about enrolling into a MBA in Fall 2012 as well.
I literally have to juggle w/ working full time, upkeep at work, LEVEL 1 CFA, and maybe a MBA program.
Someone told me that I shouldn’t do both, as it is very intensive.
What do you folks think?
-Thanks
Hi,Crazyman wrote:
It is very possible and I think it is very common; MBA included. I did it and a lot of people did it as well, even for L2. Ad I’m prety dumb - just worked hard at it. It will probably be intensive though. The question only you can answer is how hard you want to work. Just try to estimate how and when you’ll fill the time into your schedule and see if it’s worth it.Mogtrader wrote:
I appreciate the comments from you folks and I’m kind of confused as to what to do now. December’s testing location requires me to travel and I don’t know if I’m going to be up for it, or even be capable of doing so because of my works schedule. The next probably one in my area would be June 2013.
I guess, I’m curious to know what route I should take. I’m thinking about enrolling into a MBA in Fall 2012 as well.
I literally have to juggle w/ working full time, upkeep at work, LEVEL 1 CFA, and maybe a MBA program.
Someone told me that I shouldn’t do both, as it is very intensive.
What do you folks think?
-Thanks
What I mean is that you can do it. That’s for sure. What is up to you is to decide how important it is to pass L1 in december and if it is important enough to justify the time you will lose with friends, family, fun and what not.
Depending on how much finance you know, you may need a few hundred hours to be “sure” of a pass. Can you fit that into your schedule? If you want it hard enough, you can probably do the required hours just by cutting sleep. Is it worth it? Only you can answer that.
You may also need very little time as some of the guy above pointed out. Maybe you could find some sample questions first to “feel” the material.