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Math Knowledge Needed to Pass the CFA Exams
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- čas přidán 11. 12. 2020
- This is a review of all of the types of mathematics you will need to know to pass the CFA exams. Aside from 3 or 4 topics, most of the math will likely be review of high school and college algebra or statistics. Combing through my notes from all 3 CFA exams reveals many types of formulas that you may not realize are tested by the CFA. It is good to know what type of math knowledge you need to pass the CFA exams, because you will be able to best budget your time studying based on your math background.
If you have an idea of something you want me to cover in depth, please let me know because I take your requests seriously. Will be back with more CFA Exam tips in a couple of weeks so please submit more questions you would like to hear answered. Love you all!
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Contact Email: StraightTalksBusiness@gmail.com
** The information in this video is not intended or implied to be a substitute for professional financial advice. All content, including text, graphics, images, and information, contained in this video is for general information purposes only and does not replace a consultation with your financial or tax professional**
Hey, I just wanted to thank you because you definitely help us In many ways including calming the nerves. Thanks a lot
Happy that I can be of help!
As I remember SEE SSE and MSE are part of the regression analysis (ANOVA) in quants.
Yes! Thank you haha.
I'm an MBA and CMA, and thought about doing the CFA, but was fatigued from my previous standardized testings... I decided to take on the CQF (Cert. Quant Finance) cert --- if you're not a Phd Maths, good luck.... I'm in stochastic differential equation hell...... lol
The only Math I went through was statistics. I seem to have made it through Highschool and College without needing Statistics. I even got an Economics minor without it. Only Calculus was required. I went through CZcams and basically learned statistics when studying for level 1. I think the only thing that helped, was I was pretty strong in Algebra.
AJ, nice display picture in the background. I did not expect you to be a Ferrari Formula 1 fan #forzaferrari
Thanks!! Much awaited video
Could you do a collab video with MJ the Actuary to both compare the Actuarial vs CFA paths in terms of getting the qualifications and the actual workspace e.t.c.
It would be useful for your channel as he has a fan base, and it would be useful for his because you're a CFA in a different continent, so you could both give useful perspectives for potential CFA and actuary charter holders
I like to idea, I will reach out to him.
@@straighttalks-ajsrmek323 🔥
Thank you for your guidance.
wow, this was so helpful thank you
I would also add looking at time value of money calculations: I saw discounting in sections other than Quant!!!
Oh good point, this is true!
pretty basic maths but very advanced finance concepets (from level 2 that is)
Hello AJ I wish to find out from you, for people not familiar with financial modelling and valuation which prep courses will u recommend.
Interested in a finance certification but unsure which one I should go for.... How does the FRM (fin risk mgt) compare to CFA in math on exam, global opportunity and salary?
Awesome video dude!!! I just wanted to know what was your major in college?
thanks AJ
thanks man
Sure thing!
Thanks forthe video. How are you related to "optic gaming"?
Just a longtime fan! Glad to have Hector back at the helm.
Hey AJ, I'm a bit late to watching this vid but I'd love to know, are the math concepts needed similar for the CFP exam? I'm taking college algebra rn and it is a bit hard for me but I'm guessing it would be easy for me 10 years from now when I take the test.
I am very average in calculating Maths problems and Quant was the toughest one for me to understand and study , I just gave my Level 1 in Dec ....What can i do in order to improve my mathematical knowledge as i am not from Maths or Science background....I WOULD REALLY APPRECIATE IF YOU COULD SUGGEST ME SOMETHING
If quant is the toughest section for you, then you can definitely improve on this! Many intro statistics classes cover things like probability math and hypothesis testing. Being better with some of those concepts will help a lot in the CFA program. Free CZcams videos can go far here.
@@straighttalks-ajsrmek323 Thanks mate , i shall find those YT videos and also is there any way out i can contact you regarding anything related to CFA ?
Khan Academy is great and all free
@@chipmoffatt7748 Thanks , do you have the link ?
@@thor6355 Sure--right here. Start by clicking on Courses. This covers everything from counting to multivariable calculus!!
www.khanacademy.org/
Hi Aj I hope you are good. Since you talked about these things can you make a video on like practical application of hypothesis testing and other statistical measures. Since what I got to.see is that cfa curriculum provides alot of theoretical knowledge but doesn't explain too well their practical application.
Its a good idea, but I don't do any hypothesis testing in "real" life so I can't speak to this too well.
@@straighttalks-ajsrmek323 not exactly hypothesis testing. Other topics as well. Any topic/topics of your choice that you find that is practically most used. Because reading curriculum does not tell exactly how things are used in real life.
is the CFA qualification u sat the same as the one sat in the UK? thanks
Yes, it is the same program given globally.
So long as there is no "Cal 3" nor differential equations....
There are no diffeqs haha
Thank you, for your precious guidance... I'm appeaering CFA all by myself... And I religiously follow your advice... Thank you once again... (Ps: is there anyway I could get it touch with you...)
Best of luck my friend! Yes, please email me at the email address listed in my bio.
Hy I'm from India 🇮🇳
Can u plz tell me that
For cfa of usa needs maths to clear the exams of cfa?
Yes you need to know a good amount of basic level math.
Hey F1 fan too? Haha
Ferrari having a rough year...
@@straighttalks-ajsrmek323 haha sebbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbb
Hey! My name is Dee and I did not have math in class 11 and 12 which means I don't know about calculus and other higher level math.....but if I prepare well and study hard for college level math what do u think would it help me (by the way I am currently in class 12)
Hi Dee,
I'm not exactly sure what you mean by 11 and 12 but if you study hard at math in college I do think it will help you perform well!
The level of math seems rudimentary
I would call it university 101 math.