How to Pass CFA Level 1 in 2023 With 2 Months of Studying | 90th Percentile Score
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- čas přidán 26. 07. 2024
- Hi guys, thank you so much for checking out my new video!! In this video, I share my experience taking and passing the CFA Level I exam and all my best tips for passing CFA Level I in 2022. I hope you find it helpful :) Let me know, if you would like me to do more CFA videos.
I would love to hear about your CFA experience or thoughts in the comments! I always respond to comments.
I upload new videos every week, so if you enjoyed this one, please feel free to subscribe and check out my other videos :)
I took the CFA level 1 exam back in 2015 (failed) and really had a hard time being disciplined with the program materials. I found that I got tired on the weekdays after work and really could only commit to 4-6 hrs on Sat/Sun. Even with 4 months of time prior to the exam date, I wasn't able to learn and retain enough of the curriculum to pass.
A large part of the problem was my health. I was overweight at the time, had a poor diet, got suboptimal sleep, all leading to a general lethargy.
If there's any recommendation I can give to people outside of study planning, it's to take care of your health and allow yourself to generate the energy to tackle this goal. Eat clean, exercise, and sleep plentifully. Keep a balanced lifestyle. Cut out any alcohol and bad habits that don't aid you on your journey.
Thank you, I am huge note taker and it has honestly been time consuming. I hope things work out!
I appreciate you so much.
I've been really struggling with anxiety around my upcoming November exam and this video gives me hope and that extra push to keep going.
Thank you!
How did you do?I write in June from South Africa
so you failed or passed
love the video and the honesty, have a lovely day
Thank you for this information 😊
thank you girl!!
This gives me hope.
Thank you!
aw thank you! You can do it!!🙌
@@pearlstella u r really kind. God bless
@@ceciliadundee9122 What sounds harder to your "ears"? 1. Certified Public Accountant or 2. Masters Degree in Statistics?
Thank you!
I personally think it helps alot when you are already working in the investment/finance industry cos then the material becomes easy to understand since you are sort of seeing it on a daily. Failed my level 1 in 2021, hoping to resit soon.
100% agree, work experience is such a big help! And best of luck, I'm sure you'll nail it this time🙌
Thanks for sharing your experience. I have about 4 months and just got started. Like you, I also procrastinated and only now realised that i should get started. I believe the practice questions are a much more efficient way of studying the material instead of going through all the readings - this video validated my opinion haha. Hopefully it will be enough to do and re-do the practice questions + do the 5 mocks from CFA institute practice pack (they also included an additional 1000 practice questions!). My strategy will be to do all these + keep track and memorise all the formulas.
DID YOU MAKE IT? I'M IN A SIMILAR SITUATION
@@rohanshende4338 we shall see in two days. Tbh i procrastinated way too much and feel like it would take a miracle to pass. If you have the discipline in the last 60 days, it is still possible to pass. All the best!
Is there any way i could access the additional 1000 practice questions of the institute without paying for the practice pack?
Th title is phrased in a way to attract viewers and the amount of days needed could vary from a week to a year depending on your educational background and job profile. So don’t just think you can crack it in a month or two just because she says so, read the topics and plan accordingly. The points mentioned are helpful I can agree on that, however the Kaplan notes are a lifesaver if you really wanna understand the complex topics. Good luck!1
I totally agree, it is naturally going to take everyone a different number of hours to study for the exam depending on their education, work experience, etc., I said this in the video at 5:22 too 🤗 I also talked about my own background to give people a sense of where I was coming from (business major and less than 1 year of work experience at the time). Will look more into Kaplan, I've heard a lot of positive things about it🙌 Best of luck!
thank you sooo mcuh for your encouragement, I'm about to pass away, taking my lvl 1 this Aug. Seeing that you can do it in 2 months, makes me feel a little better :')
thanks so much! I wish you best of luck, I'm sure you'll ace it🤗🙌🥳
Hi Damian! Im 21 and started 2 days ago with studying for the august examen. Still enough time, you got this!
@@collegedegreeisuseless8687 all the best to you too bro!
Did u clear
@@collegedegreeisuseless8687 What sounds harder to your "ears"? 1. Certified Public Accountant or 2. Masters Degree in Statistics?
I think you are just much smarter than the average candidate haha. I'm over 7 months out and it still seems like so much material.
Came here for my exam purpose, but completely lost in your blue eyes 💙
Very useful. Much appreciated 👍...
Glad it was helpful!🤗
@@pearlstella What sounds harder to your "ears"? 1. Certified Public Accountant or 2. Masters Degree in Statistics?
Thanks for sharing
Hi, Mrs Stella . Firstly, I hope your channel will be grow in the future . Secondly, I have questions . You think CFA valuable in the Europe and in 2024 syllabus can be changed ? Thanks and deep respect in advance
Sitting for Feb 2024, two months left. Extremely intimidated. Thank you for the video.
You did it😅
Ma’m thanks for sharing. You’ve definitely provided some great tips on how to pass the exam. CFA exam is definitely not a joke , it’s a huge exam. Although I don’t work in the finance industry. I am trying to get into finance by way of a masters. I don’t have bachelors in finance though. Cfa level 1 helped me a lot in understanding the concepts and it took me 8 months to prepare for it while working a full time job not in finance. 2 months to me seems implausible .
Thank you! And to be fair, those 2 months were quite stressful for me too :D I wish you best of luck with your master's and landing your dream job!
Hii
I am gonna prep for cfa 1
So I had some questions
Like can I get anything to contact you?
After 2 months my exam very strees what I do please suggestions.your videos is very helpful.
Hi Pearl, thank you so much for your insights! Do you think going through CFAI reading material is critical in addition to Mark Meldrum video & notes? Do you think Kaplan Schweser's notes instead of CFAI material are a good bet since it is concise? I intend to subscribe to Mark's videos, do CFAI qbank, blue box, EOCQ & mock tests.
Thank you so much
Gaurav - Level 1
Hey, when you say 2 topics a day @3:23, is that for example, time value of money and organising, visualising and describing data ? Or do you mean, for example, 2 topics within time value of money a day ? Thanks
Thank you for the tips, would you suggest the curriculum books (reference books) you used or you recommend please?
Hi Pearl, thanks for sharing. I had a question about your study strategy and the material you use to prepare. Did you study mainly from the material provided by the CFA Institute to pass you CFA level 1? Or In addition to that material, did you also joined a prep-course such as Kaplan?...I see a lot of people recommend joining a prep courses/tutorial sessions, but wanted to know if you actually did or did not. I see the material provided by CFA is quite robust. I am just wondering how you did it. Looking forward to your answer. thanks!
She answered ur question.. watch the video
@@illillicitica1256 lol
Hi, I have two questions
1)how many months it will take to study? I'm working profession from finance side.
2) which is toughest subject and how many hours that subject will take to cover?
It would better if could answer this questions to help me..
Thanks.
Hi, thank you for this video. So you ONLY used the Learning ecosystem and nothing else?
I started to prepare in February, but took it seriously only in March. Now I only have a month left until my exam in May. I’ve covering all the readings, quizzes and Qbanks in Kaplan. I realised that I achieved only 50% of the whole test. Now im worried that I can’t finish the rest till the real exam date. What would suggest in my case, how to use Kaplan effectively?
I’m not sure if I should use Kaplan along with CFA official material. Any advice ?
Hi thanks for this, please what study materials asides the curriculum can you help with?
Hi! Can you please share the topic wise sequence that you followed? It will be a much help. Thanks in advance :)
Is it possible to clear the exams in 2 months with 6-8 hrs of study everyday? I am in my final year of graduation and most probably will be able to spare that much
congratulations ,
In Canada, is someone who has graduated from a two-year college and does not have a bachelor's degree, in a non-financial field, according to the rules of the CFA institute, allowed to participate in the level one exam?
This is giving me hope, my exam is in 44 days lol
Hello . Thanks for giving informations. As I understand you've practiced only from Curriculum tests right ?
thank you! and yeps I've only used the standard material provided by the CFA Institute :)
Hi pearstella, thanks for the helpful video. I have a question regarding advice #11 (If you’re behind, skip the readings and only read the summary pages + do the practice questions ): where can I actually find the summaries ? At the end of every chapter of the CFA book?
Yes. The summary pages are at the end of the readings.
Any tips on how to remember all the formula’s?
How many hours would you say you studied per day in those 2 months. I have a full time job and in a relationship and I have 4 months till the August exam. I am curious did you have a full time job during the two months? thank you
Hi I haven’t started as yet so I’m wondering if I can see the CFA level 1 materials
Hello!
Congrats and what a great for you to pass exam with just 2 months!
I wanna ask, is the exam form in online or offline ?
thank you
Thank you! You take the exam on a computer at a designated testing center in person🤗
I have exactly 2 months to write and I’m starting now 😂🤝
iiiih😂 best of luck!!! I'm sure you can do it🙌
Can you tell us exactly how many hours per day where you studying ? Will you working full time while studying 2 months before the exam ?
Hello madam, may I ask you, are you a genius in general? how can somebody pass the CFA with a 90th percentile score in just 2 moths? am I so stupid? I just enrolled and pissed myself, wtf. It will take me 6 months at least. God bless you for more success! I love your intro !
Dont know how many hours you did everyday but 2 months is definitely not gonna work for me. 😂
35 hrs a day....thats how you do it...
@@calvinsuu1949 lol
@@calvinsuu1949 What sounds harder to your "ears"? 1. Certified Public Accountant or 2. Masters Degree in Statistics?
@@scholarlyanalyst7700 CPA for sure
@@Alisha-nz5nb Interesting. One more question, please. What sounds harder to your "ears"? 1. Certified Public Accountant or 2. Masters Degree in Math?
2 months... 🤪🤪🤪
Who has 2 months? Next exam mid November '22... who's w me?
Let's do this. Kudos queen 👑. Respect
iiih best of luck, I'm sure you'll ace it!!🙌🎉
Hello, I am a working professional and I am sitting for my level 1 exam in May 2023. I am an economics and mathematics graduate. What would you recommend in terms of a study plan for a person new to finance.
Hi there! If you can, I would recommend that you start in January 2023. I'm sure you'll have a pretty easy time understanding especially the econ section and the different math questions, but it's better to give yourself a bit more time than needed so your study experience doesn't become stressful (speaking from my own experience haha), I wish you best of luck!!🤗
Thanks for sharing. Did you not use any 3rd party study materials?
nope, I only used the online learning ecosystem that the CFA Institute gives you free access to after registering for an exam :)
hi im currently on my second year in college and planning to take an internship soon as a financial analyst do you think getting the FMVA will help me with the intership? and is it worth it?
tbh I know very little about the FMVA so take my advice with a grain of salt😄 from what I've heard the FMVA is particularly good for financial analyst and investment banking jobs while CFA is better for investment management jobs (even though they're both helpful for all of it). If you're already majoring in finance or a similar field and have good excel skills, I don't think you would need to spend time on the FMVA too, but if you do have the time to study for it, I'm sure it would still help you. Wish you best of luck with all of it!
Hi , I have started preparing for the CFA L1 - I'm gonna give it a shot on this November , My question is - Many of CFA exam takers are recommending the schweser notes because it simplified the concept in the easy way to understand , may i know what is your opinion on schweser notes? is it best option to learn or CFA leaning system ? Please advise... Thanks in advance.
Hey :) I haven't used the schweser notes myself, so take my advice with a grain of salt, but my impression is that they are quite simplified, so if you only use the schweser notes to prepare, you risk getting questions on the exam that you weren't prepared for. I think the schweser notes can be a great supplement, but I would recommend combining them with CFA's learning ecosystem (or another vendor's detailed materials) instead of using them on their own -- even though this might be more time consuming, I think you'd learn more and score higher at the exam this way. The exception would be if you already have many years of CFA relevant work experience, then you might not need more than the schweser notes. Best of luck!! :D
@@pearlstella hey thank you for the detailed response 🥳👍, the conclusion I'm going for the CFA ecosystem. And all the best for your next levels and keep rocking.🥳
@@mohamedasiqajmalm1264 thank you so much!! I'm sure you'll rock the exam🥳🥳
Your are intro very interesting 😂
Hii is there any material to start with ?
i came for adivce but i really got lost into ur eyes, thanks for the video tho
How many hours did you study daily?
Appearing in aug for level 1
ooh I wish you best of luck!!
Do you recommend CFA investment foundation exam before CFA level 1 ?? Do you see any benefits of the same ???
I think it depends on your background :) If you studied anything business/economics or via work experience have become familiar with the basics of the investment industry, I don't think you need to take it. If you have no previous experience in the space, it might be a good idea to start out with the CFA investment foundation exam (it would be a good way to figure out how much the topic interests you too without paying CFA exam prices). I personally haven't taken the CFA investment foundation exam myself, so take my advice with a grain of salt :D wish you best of luck on your journey!
@@pearlstella thank you soo much, this is helpful :)
@@priyanshudhurandhar What sounds harder to your "ears"? 1. Certified Public Accountant or 2. Masters Degree in Statistics?
From where can we get cfa mock exams
Its hard to finish in 3 months CFA level 1?
Is memorising the practice questions enough to passing the exam? ( memorising the method and formula used and theory etc)?
if you do enough practice questions, I think that alone is enough to get the questions where you have to calculate something correct. For the more theoretical questions, it's helpful to have done the readings (just because the calculation questions are a bit more repetitive in the methods that they use, whereas the theory questions often are a bit more unique, at least in my experience) 🙌🤗 best of luck!!
@@pearlstella thank you so much for being so helpful. Stay blessed
Hi, I noticed some of the practice questions( official cfa practice questions) were extremely long, and some were very lengthy to read, but the mock exam was in comparison short questions. Which are a better representation of the actual exam? Were the exam questions extremely long and lengthy to read like the practice exam or was it more like the mock exam questions? Thank you for your response in advance
For Level 1, all the questions at the exam are short questions, like usually 20-100 words per question I would say, and all are multiple choice. For Level 2, the questions are still all multiple choice but they are those long ones where several questions refer back to the same half/whole page of text :) hope this helps and best of luck!!🙌
@@pearlstella thank you so much
@@mayurinaidoo2685 What sounds harder to your "ears"? 1. Certified Public Accountant or 2. Masters Degree in Statistics?
I just have started with my studies for CFA level 1 and my exam is on 26august will I be able to clear the exam?
same bro . i willl start tommorow for 23rd aug exam . lets contact each other .
ooh exciting! I definitely think it's possible for you to pass the exam as long as you keep up with your studies🙌 best of luck! :D
wishing you best of luck with your exam!😃
Can i join? Just started for the august exam
Thank you for the video, I am considering to take CFA1 too, I do have master degree in financial markets, currently working as a Oversight associate (Corporate Financial Reporting team at International company). Do you think CFA is still use to me ? or should I count on experience and my master degree?
Hey :) My advice would be that if you're happy in your current job and want to continue building your career at that company, I would recommend asking your manager if they think pursuing the CFA would help you in your career. If you plan on changing to another part of finance, I'd take a look on CFA's website and read about the typical jobs that people with CFA's get (it's a good way to figure out in what jobs the CFA tends to be the most useful), or look up people on LinkedIn in the kind of jobs that you want to have in the future and see if it's common or not for them to have CFAs. That way you might be able to tell if it would or wouldn't be worth your time to also pursue the CFA. Best of luck!!🥳
@@pearlstella Thank you for the answer :) yes talking to the manager is a good idea, especially she is very cool. Thing is I am considering going to another country (CH) and ideally starting a job related to Asset Management so ... Let's see. Good luck to CFA3 in August ! waiting for this update video ;)
@@tami6851 What sounds harder to your "ears"? 1. Certified Public Accountant or 2. Masters Degree in Statistics?
@@scholarlyanalyst7700 Well 2nd does sound harder, though it is not guarantee that brings me benefits at workplace. As I see many companies only evaluate you based on your productivity.
@@tami6851 Thanks for your insights. That is truly helpful!
I am Pursuing CFA level 1.
Was CFA level 1 particularly helps you in getting job?
Hi Rajat! Yes, in my experience, having passed any of the CFA exams is a great way to make your job application stand out to employers, especially in the investment/financial services industry! If there's a place in particular that you want to work at, looking up people on linkedin that work there and checking whether they are CFAs/studying for the CFA can help you find out how important a CFA is to that employer -- if a lot of the employees are CFAs, it's probably something that employer particularly values. Hope this helps and wish you best of luck with your CFA studies😃🎉
im getting between 65 and 75% on cfai mocks and i have 1 week left for the exam , are these scores enough to pass? or should i defer my exam
hi🤗 I think your odds of passing the exam are high! I only did one mock exam for L1 and I scored 78% on that - but I ended up being in the top 10% and could have gotten away with a lower score and still passed. If I were you, I’d study as much as possible this final week and then try my best at the exam - I think you’re definitely way more likely to pass than not! I wish you the best of luck🙌🎉
Hey. How did you prepare for Level 2 and how many months did you study?
I think I studied close to 2.5 months for Level 2, but in hindsight I would probably have wanted to spend at least 3.5 months. Level 2 was significantly harder in my opinion than Level 1 and I felt very burnt out after cramming everything into a bit more than 2 months, even though I usually like to cram things :')
Thanks a lot Pearl. Will you be kind enough to share your Level 2 result with us all?
@@mohammadmeeran977 What sounds harder to your "ears"? 1. Certified Public Accountant or 2. Masters Degree in Statistics?
Hi, Exam is a computer base, What if A Question Required Calculations, Did I Get any Rough Sheet for it
hey :) yep, the exam is on the computer, but they hand out pen and paper to everyone at the exam too
@@pearlstella Thanks
@@pearlstella can i write online?
Stop watching after wellcome-wellcome opening 😂
Brasileira ctz
Did you fully understand every chapter? If no, what did you do? Did the ecosystem questions help you in knowing how to answer certain questions?
I understood most, but I definitely didn't fully understand every chapter. After a reading that I didn't understand, I would usually just move on the practice questions, and then reading the answer explanations to the practice questions would help me understand the material. The answer explanations aren't always great, but they're very helpful for the most part imo. Of course sometimes not even that would help me understand the material, but then I reminded myself that we don't need to understand everything -- we probably only need around 70% correct to pass (so you can get 30% wrong). I'm not sure what we need to score in top 10% but maybe around 80% correct would be my guess -- so definitely don't worry about not understanding everything (pretty much none of us do) :)
@@pearlstella thank you for an in-
depth answer, I’m more confident from what you said above.
@@pearlstella great answer
@@pearlstella u give me hope to try this
How about 38 days can I still made it?
Honestly I don't know, it depends on so many things, but if I were you I'd still try :) I wish you best of luck!!
Where did you read the summaries?
In CFA's Learning Ecosystem, at the end of every "study group" (the different groups are visible under "study plan"), there is a summary reading in a bullet point format :D🙌
@@pearlstella thank you
@@khongorenkhbayar163 What sounds harder to your "ears"? 1. Certified Public Accountant or 2. Masters Degree in Statistics?
i hope you achieve your dreams !!! god bless and please pin me as im a new youtuber as well ❤️
you too!! and definitely, will subscribe and check out your channel right away🙌
May I ask how important are the End of Chapter questions of the CFA books? You mentioned practice questions so I wanted to know if you meant end of chapter questions? Grateful if you can let us know.
Of course! Yeps, they should be the same, they're just called different things in the books versus in the online learning ecosystem :)
two months? holy shit...
At what time of day and for how long did you study per day?
on weekdays, I usually study after work in the evening for 1-2 hours and on weekends I study 3 hours each day (time of day varies depending on my other plans). Once my exam is only a month away, I'll probably be studying 2-3 hours on weekdays and 5 hours on weekend days :)
@@pearlstella nice. Tc
Mam where are you from
I'm from Denmark :)
How many months are you giving for L3?
I'm spending around 3.5 months but studying less in the beginning and then gradually ramping up my study schedule😃 because L3 isn't just multiple choice questions anymore, I figured it'd be smart if I put aside more time to make sure I know the material. So far though the L3 material seems to be a bit easier than the L2 material (in my own opinion)
@@pearlstella nice! I pass L2 in Feb 2022 but opted to not rush into L3 for the August session. I decided to register for the Feb 2023 exam and planned to dedicate roughly 7 months or so since written responses were always my weakness during undergraduate. Glad you’re finding it relatively easy in comparison to Level 2!
ooh congrats on getting through L2!! and sounds like a good plan! I did L2 in November '21 but also didn't want to rush it and do L3 in May already. Also, I feel you on the written responses, I'm the same way haha :D
@@iTzCharlz What sounds harder to your "ears"? 1. Certified Public Accountant or 2. Masters Degree in Statistics?
Hi, I want know you.
CFA 1 in 2 months??? JAJAJAJAJAJAJAJAJAJA
Please make a dance video with "Jiggle Jiggle" song!
This video should be taken down. The exam is impossible to pass with only 2 months of studying. DO NOT LISTEN TO THIS PERSON.
2 months ? what are you black or woman whom regardless how unprepared they are, they will get the job thanks to diversity and inclusion.
I have exactly two months as of the 17th which is 4 days away but I’m glad I saw your vid! I was thinking to push the exam date 🫣
I'm happy it helped! Two months is tough but it can definitely be done, I wish you best of luck with your exam!!🤗