Incoming: Level I December 2018 Results

Dear December 2018 Level I Candidates, The moment of truth has come.  I’m sure you have been anxiously waiting for your Level I result.  You will experience the agony of failure or the thrill of victory. Read my advice on how to interpret your results and what to do next. If you pass If you fail Best regards, Arif Irfanullah, CFA

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Advice to Those Who Pass the Level I Exam

Dear December 2018 Level I Candidates, The moment of truth has come.  I’m sure you have been anxiously waiting for your Level I result.  You will experience the agony of failure or the thrill of victory. If you have cleared the exam, this is indeed a milestone. If you are interested in my thoughts on what to do next read on. I passed the exam.  What next? About this time every year, I get the same question from successful Level I candidates: should I take the Level II exam in June this year? As with so many other situations in… Read More

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Advice To Those Who Don’t Pass the Level I Exam

Dear December 2018 Level I Candidates, The moment of truth has come.  I’m sure you have been anxiously waiting for your Level I result.  You will experience the agony of failure or the thrill of victory. If you have failed the exam; always remember failure is not fatal. If you are interested in my thoughts on what to do next please read on. I did not make it. What next? For those who do not pass the Level I exam, the typical advice is to keep trying; however, I suggest a more thoughtful approach.  Put the result on the side… Read More

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I just took the Level I exam. Should I start preparing for Level II?

If you recently took the Level I exam in December, and are reasonably confident that you’ll pass, and want to take the Level II exam in June, this blog is for you. Let’s start with a quick Level II introduction. The ten topics are the same as Level I, but the weights are different. Ethics: 10 – 15%, Quant: 5 – 10%, Econ: 5 – 10%, CF: 5 – 10%, FRA: 10 – 15%, Equity: 10 – 15%, Alt: 5 – 10%, FI: 10 – 15%, Der: 5 – 10%, PM: 5 – 15%. At Level I, you were tested… Read More

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The Magic Number to Pass Level I

In his book Outliers, Malcolm Gladwell asserts,“10,000 hours is the magic number of greatness”. After reading the book I began to wonder whether there was a ‘magic number’ in the context of preparing for the CFA exams. Though most of you do not have 10,000 hours left to prepare, it is tempting to say that if you study more than x number of hours, you’ll pass. However, after many years of preparing candidates I’ve realized that there is no magic number of study hours. This is particularly true with Level I. The number of required study hours varies from candidate… Read More

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