Which part of CFA Level 1 is hardest?

Financial Reporting and Analysis: This topic has consistently been one of the most challenging for candidates, with a historical pass rate of around 45-55%. FRA covers a wide range of financial accounting and financial statement analysis concepts, including revenue recognition, inventory analysis, and financial ratios.

Which section of CFA Level 1 is hardest?

Having said that Fixed Income, Derivatives, and FSA are the hardest level 1 CFA exam topics, it's time to rank all of the 10 level 1 topics by difficulty. Difficulty is a subjective criterion but this hard-to-easy topic hierarchy is meant as a guideline to help you approach CFA exam topics sensibly.

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.

Which level of CFA is most difficult?

It would be safe to generalize that most CFA charterholders would call Level 2 the hardest of the CFA Exams. However, with patience, dedication, and practice, candidates can conquer the Level 2 Exam.

How hard is the CFA Level 1 actually?

CFA exams are not easy, and Level 1 is just the start. Commonly cited as one of the world's hardest exams, CFA Level 1's difficulty is comparable to a diploma level and gets harder from then on.

CFA LEVEL 1 - THE HARDEST TO EASIEST TOPICS (AS A LEVEL 2 CANDIDATE)

Why do so many people fail CFA Level 1?

Many candidates handle their studying exclusively in short, one-hour chunks then do poorly on the exam because they are not prepared for the level of mental fatigue. Further, mock exams force you to answer problems across the curriculum instead of only looking at specific sections.

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!

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.

Is the CFA harder than the bar?

CFA Exams Pass Rates

The CFA exams are perhaps the most challenging exams out there. They are often referred to as “bar none” the toughest exams—even harder than medical school or law school exams—with pass rates that hover around 50% and were much lower during the recent pandemic.

Is CFA the hardest finance exam?

Difficulty Level: 4.4

The CFA (Chartered Financial Analyst) exam is recognized as one of the most rigorous exams globally.

How many people pass CFA Level 1 first try?

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 is harder CFA Level 1 or 2?

Level 2 is much harder than Level 1 simply because it is more intense – the depth and detail Level 2 goes into (and tests on) is greater, as it is more application-focused. ​More importantly, candidates need to get used to answering the vignette-style multiple choice questions that is new in Level 2 (see tip #4).

How long should I study for CFA Level 1?

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.

What is the hard subject in CFA Level 1?

The difficulty of subjects in the CFA Level 1 exam can vary depending on an individual's background and strengths. However, many candidates find the topics related to financial reporting and analysis, as well as quantitative methods, to be particularly challenging.

How to pass CFA Level 1 easily?

Which is the easiest part of CFA?

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.

Is CFA or MCAT harder?

Scoring high enough on the MCAT to gain admission to a U.S. medical school (MD program not DO) is more difficult than passing the CFA. For some candidates not schooled in finance, passing the CFA could be more difficult than a respectable MCAT score.

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.

Can I prepare for CFA Level 1 in 5 months?

& How Long to Study? Most level 1 candidates start their CFA exam preparation around 5 months before the level 1 exam, more or less. With a 5-month CFA exam study plan, it is calculated that you should study approx. 15 hours a week.

Can I pass CFA Level 1 in one month?

Ideally, you must start studying for the CFA Level 1 exam for a minimum of 6-9 months before the examination date. You might need slightly less time to complete the syllabus only if you have a relevant background which is in sync with the course curriculum.

What is a good CFA Level 1 mock score?

It consists of 180 questions taken within 135 minutes. It is divided into two sessions, each consisting of 90 questions. A candidate should spend at least 300 hours studying for this level. A score considered safe for this level is 70% and above.

What happens if you don't pass CFA Level 1?

Technically speaking, after you fail your level 1 CFA exam, you need to retake the exam (unless you want to drop out of the CFA Program). To sit your next level 1 exam, you need to obey the rule of 6 months between the exams.

How much should I score in CFA Level 1 to pass?

Shoot for a 70% Minimum Score

The general perception is that the lowest passing score the Institute will set for the exam is 70%. There has never been an official word on this, but based on historical data, 70%-100% does appear to be the highest score range a candidate can get for any section.