How to guess answers in CFA Level 1?

Can you pass CFA Level 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!

How to pass CFA Level 1 easily?

Can you pass CFA Level 1 by luck?

My scores were over 70% in all subjects except Alternative Investments and Financial Statement Analysis (those were in the 51-70% range). Luck definitely had some role to play in this, but I believe I also did a lot to tip the odds heavily in my favor.

Which part of CFA Level 1 is hardest?

How To ANSWER CFA Level 1 Questions

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 Level 1 first try?

Level 1 ranges from 22%-49%, with a 10-year average of 39%; Level 2 ranges from 29%-55%, with a 10-year average of 45%; Level 3 ranges from 39%-56%, with a 10-year average of 50%.

Can I study for CFA Level 1 in 3 months?

We don't recommend you only take three months to prepare for the Level I CFA exam, but there are many who want to speed things up.

Is 3 months enough for CFA Level 1?

No, studying for any CFA exam in less than 6 months will not give you enough time to adequately prepare unless you have a relevant background in the curriculum. According to CFA Institute, candidates study on average 348 hours for the Level I exam, 364 hours for the Level II exam, and 365 hours for the Level III exam.

How hard is the CFA Level 1 actually?

How Hard is the CFA Level I Exam? Level I of the CFA Program usually has the lowest pass rate which could imply it's the most difficult exam in the program. However, this will not apply to every candidate because each person has different strengths and weaknesses.

What are the hardest CFA Level 1 chapters?

Hardest topics by CFA Level

Generally, our research shows that candidates' CFA Level 1 hardest topics are Financial Statement Analysis, Fixed Income, Quantitative Methods, Derivatives and Economics.

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.

Am I smart enough to pass CFA?

Truth is, it doesn't matter how much finance background you have or even how smart you are. The questions in a CFA exam are so detailed that you will never be able to answer them correctly without studying enough.

Can you pass CFA by luck?

If you work and study hard enough, you will (probably, hopefully) be able to make it through, but with the exams being so short relative to the totality of the curriculum, luck will likely play a role for the *average* candidate.

What is the easiest subject in CFA Level 1?

What is the easiest section of CFA Level 1?

Owing to the borrowed concepts, quite intuitive CI issues, and relatively easy formulas, Corporate Issuers may actually prove to be the easiest level 1 topic. Here are the 7 learning modules you will find in your 2024 level 1 CFA exam syllabus for the Corporate Issuers topic: CORPORATE STRUCTURES & OWNERSHIP.

How many people take CFA Level 1 each year?

The latest results show a slide back toward the historically low pass rates across all levels of the CFA exam in 2021. More than 23,000 candidates sat for the Level I exam in August, which was administered at 467 testing centers around the world.

How long should I study for Level 1 CFA?

Studying for the CFA Level I exam is crucial, and it takes a substantial effort. There are no shortcuts. The one thing standing between you and success on the Level I CFA^® Program exam is hard work. CFA Institute recommends you aim to spend at least 300 hours preparing for the Level I exam.

How long should I give myself to study for CFA?

​​​Manage your time expectations: CFA exams require a serious time commitment. To target for consecutive passes in 18 months, a minimum of 300 study hours over a 6 month period is recommended. This implies a minimum of 11.5 hours of study over a 7 day week.

Is 30 too late to start CFA?

The CFA exams were intended as mid-career professionalization, which most people do in their late twenties or early thirties. In any case, it can't hurt to get started on Level 1 just to see if this stuff appeals to you and get a taste of how much work the thing is going to be. I started Level I at 34.

Is Schweser notes enough for CFA Level 1?

The answer is yes; Schweser is good for CFA Level 1. However, it is essential to note that Schweser notes should be used as a supplement and not as a replacement for the CFA Institute books.

Can we use Excel in CFA exam?

No. Because then you'll have to take the test on a computer. And I doubt CFAI will ever go down that road. If you can use your calculator, you can learn to do it in excel.

Is CFA harder than CPA?

As clearly seen in the passing rates CFA is more difficult in comparison to CPA. On an average about 50% of the registered candidates clear CPA exam whereas about 7% of the candidates clear all the 3 levels of CFA. In terms of course also, the course of CFA is much more lengthy and detailed in comparison to CPA.

Is a CFA or MBA better?

Career aspirations: While there is certainly overlap in how business school graduates and charterholders apply their expertise, MBA programs are generally ideal for professionals who want to pursue management positions in any industry. A CFA designation suits professionals dedicated to working in the finance industry.

How many questions can you get wrong on CFA Level 1?

Assuming a 70% level to pass, that say 84/120. But if you got all 18 ethics wrong and 18 FSA, you've failed. Technically, if you consider a 70% a pass then you could make 36 mistakes on each exam.