See how our partners can help you ace your CFA exams.
Finish all the exams in about 3.5 years?
I'm due to start a graduate job as an investment analyst in January. I have looked at the syllabus for all three papers, and for the first level 1 managed to obtain the five Schwester books. For my undergraduate degree I read economics, and for my MSc I read Economics and Finance. As a result the vast majority of the content in level 1 (about 70%+) is completely familiar, and seems relatively very easy. Would it be possible to take the first exam in December 2014 and the second in December 2015 and then the third in June 2017? I understand that these exams are supposed to be incredibly difficult, but after looking at the syllabuses I believe that the low pass rate is due mainly to the fact that a lot of people undertaking the exams have a completely unrelated prior education, and so are overwhelmed by the material. In addition, I consider myself to be very strong in exams having achieving a first in my undergraduate degree from Cambridge and a Distinction in my MSc; whereas many people taking these exams will in all fairness not be that intellectually bright. Are my beliefs that the CFA isn't actually that difficult completely false? Finally am I correct in thinking that you need 4 years of appropriate experience in addition to the exams? So would I have to wait 6 months after the final exam (assuming all goes well) to be awarded the qualification?
Sorry if I sound a bit arrogant. I don't mean to I'm just trying to objectively analyse this situation.