Are you allowed scratch paper on the CFA?

Items NOT allowed in the CFA exam room (computer-based test) Writing utensils, scratch paper, or calculator manuals. Candidates will be provided with a laminated sheet OR erasable writing tablet for use during the exam. With computer based exams, pencils are now not allowed (nor necessary).

Can you use scratch paper on the CFA exam?

The CFA Institute and Prometric provide a laminated sheet or whiteboard for you to use during the exam. You will not be allowed to bring your own writing utensils, eraser, or scratch paper into the exam room.

What am I allowed to bring to the CFA exam?

Calculator cases, keystroke cards, and loose batteries. Eyeglasses (without the case) Additional personal items allowed in the test center (PDF) Valid international passport.

Is cheat sheet allowed in CFA?

You won't be able to bring the sheet on exam day, but it's an incredibly valuable resource during your season of preparation, and Wiley's Formula Sheet is the best you'll find.

What calculators are allowed on the CFA exam?

5 Things I wish I Knew Before Taking the CFA Exams

Can you pass CFA with 65%?

CFA Level 1 passing scores 2012-2023 (estimated)

We estimated that CFA Level 1's MPS ranged from 56%-74% from 2012-2024, with an 12 year average of 65%. The latest estimated MPS for CFA Level 1 (i.e. Nov 2023 exams) is estimated to be around 68%. The latest estimated MPS for recent CFA Level 1 exams are: Nov 2023: 68%

Is 65 enough to pass CFA?

CFA Level 1 Passing Score

Some years test takers will receive a 65% overall score and fail, while in other years candidates have received a 62% score and passed. How the scoring is weighted plays heavily on how your overall score will turn out. Generally speaking, any score of 70% or higher should be a passing score.

Can you pass CFA 1 by guessing?

If you need to correctly answer 135 questions to pass the exam, you don't have to know the answer to 135 questions. That should give you confidence. It's OK to guess on some questions. A passing score is within your grasp!

Can you go to bathroom during CFA exam?

While on unscheduled breaks, candidates may use the designated restroom for testing candidates and, with authorization from test center personnel, may access their personal belongings for water, food, or medical items.

How many times can you fail CFA?

Candidates will have a total of six maximum attempts per exam level. Partially completed exams (e.g., completion of only one session) count towards the maximum attempts.

Is there a dress code for the CFA exam?

The site says "We suggest that candidates dress comfortably and wear soft-soled shoes to keep noise in the testing room to a minimum."

Can you bring 2 calculators to CFA exam?

Can You Bring Two Calculators to the CFA Exam? Yes, you can bring a backup calculator if you'd like, as long as it's one of the approved models. For all calculators you bring, you need to leave the calculator manuals at home.

What are my chances of passing CFA?

Level 1 pass rates have hovered around 37% Level 2 pass rates have been around 45% Level 3 pass rates have been better around 52% COVID had an impact on the CFA exam pass rates.

What is the hardest CFA exam?

Many CFA charterholders consider the Level 3 CFA Exam the most difficult because of the time and thought needed to answer the constructed responses successfully. While the typical Level 3 CFA Exam pass rates are the highest of the CFA Exams, only around 56% of CFA candidates pass the exam.

Is the actual CFA exam easier than mocks?

Are Mock Exams Easier than the CFA Exam? CFA mock exams can be slightly more challenging than the actual exam simply because candidates are still preparing for the exam and haven't finished studying. The best mock exams are designed to simulate the actual testing interface and format.

Is CFA exam harder than mock?

AN Mock Exams are harder than the real exam. But they make you understand the material very well. you can compare them to the Mock exams that are released by the CFAI 3 months before the exam.

Is cracking CFA easy?

Is the CFA the hardest exam? Yes, CFA is one of the toughest courses in the field of financial markets and investment management.

How hard is it to pass the CFA exam?

If you are in it to win it, then there is no better way to do it than to study hard, practice, and take the exam. The CFA exams score on a pass/fail basis. The pass rate for these exams is typically around 50%; this means that half of the people who take the exams pass, and half fail.

What happens if you fail your CFA?

How Many Times Can You Retake the CFA? CFA candidates can take each exam level a maximum of six times, a policy that was instituted in 2021. Also beginning with the 2021 exams, candidates can take an exam up to two times per calendar year, but cannot take the exam in windows that are less than 6 months apart.

Why do so many people fail CFA Level 1?

Failed to Study Enough Hours

It is often hard to manage the work, social life, and study balance. And, of course, the discipline needed to maintain your studies is one of the key reasons the CFA charter is so highly valued by employers. Level I is a foundation level based on core finance principles and concepts.

How many people pass CFA on first attempt?

Overview of CFA Pass Rates Since 2014. The latest CFA pass rates are: 35% for Level 1 (Nov 2023) 44% for Level 2 (Nov 2023)

Which part of CFA Level 1 is hardest?

Is passing CFA Level 2 a big deal?

After removing the effect of work experience, we found that on average: CFA candidates who passed Level 2 saw an increase of 34% in total compensation; CFA candidates who passed Level 3 or Charterholders earned 53% more than those who had yet to pass CFA Level 1 exams.

Can you pass CFA with 50%?

To pass CFA Level I, you probably need to target 70% in as many topics as possible... In other words, you don't have to get more than 70% in everything to pass. Some say you can get as low as 65%, or even 63%. You don't even need to get more than 51% in everything to pass.

How old is the average CFA?

Age and Generational Diversity in Finance

In fact, among CFA Institute members, the average age is 42.5.