Has anyone sat for the CFA?

Discussion in 'General Distance Learning Discussions' started by AUTiger00, Mar 17, 2013.

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  1. AUTiger00

    AUTiger00 New Member

    Has anyone on the forum sat for the CFA? I'm sitting for the first exam in June. I've been studying 2-3 hours every week night and 1-2 hours each weekend day since January, roughly 15-17 hours each week. I was told most people who pass the 1st exam have a minimum of 400 study hours. By my math I'm going to come up with roughly 350 study hours before the test if I continue at this pace. I have three friends who have taken the exam. One passed all three sections on his first attempts with no trouble, another passed the first section but failed the second, and the third bombed the first exam. My company paid upfront, but if I don't pass I have to pay them back. Just looking for some insight.
     
  2. lifelearner

    lifelearner New Member

    I just finished level 3 last June. My guess is you've studied enough and should pass. I found that the part most people have trouble with is the accounting and there is no easy tricks to use. You have to know it well. Same with level 2. Too many points in accounting to ignore. Hope that helps
     
  3. AUTiger00

    AUTiger00 New Member

    I'm pretty comfortable with accounting, but I'll focus there a bit more. Am I right to understand the first exam also focuses a lot on regulations and compliance?
    Also, I thought the 2nd and 3rd exams were only offered in December but you mentioned sitting for the 3rd in June. If I take the 1st this June and the 2nd in December, is there enough time from December to June to prepare adequately for the 3rd exam? My plan was to take the first in June, second in December and the 3rd the following December.
     
  4. lifelearner

    lifelearner New Member

    All the exams have ethics questions and some compliance. I think only
    Level 1 is offered June and December. 2 and 3 are offered only in June, so failing level 2 or 3 requires a 1 year wait. Hope that's helps. Feel free to ask any other questions
     

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