All about my CFA Journey | How I cleared Level 3 CFA in my first attempt?

Aaditya Iyengar
8 Nov 202309:58

Summary

TLDRThis video script narrates the speaker's journey of successfully passing all three levels of the CFA exam, achieving a 90th percentile score in the first two levels and confidently expecting the same for level 3. The speaker shares insights into their study process, emphasizing the importance of a flexible study schedule, avoiding subject saturation by switching topics, and managing time effectively. They also discuss the challenges of balancing full-time work with exam preparation, the necessity of mock tests, and the motivation to succeed in one attempt, inviting viewers to share their CFA-related questions for future content.

Takeaways

  • 🎓 The speaker successfully completed CFA Level 3 on their first attempt, following a high score in Levels 1 and 2 with a 90th percentile.
  • 📚 For Level 3, unlike Levels 1 and 2, candidates are only informed of their pass status, not their actual scores.
  • 📈 The speaker will share their study process and mindset in a separate video, emphasizing that their approach can be valuable for Levels 1 and 2 candidates as well.
  • 🙏 The speaker expresses gratitude to their audience for their support throughout the year, highlighting a successful year despite initial challenges.
  • 🏆 The speaker received recognition as one of India's 100 digital stars by Forbes, attributing their success to the support of their audience.
  • 📅 The speaker began serious preparation for the August 2023 exam in May, leveraging their fresh knowledge from passing Level 2 in the previous November.
  • 📝 The speaker did not follow a structured order in studying, instead, they switched between topics to avoid saturation and boredom.
  • ⏰ The speaker studied 2-3 hours daily from May to July, increasing to 4-5 hours in August, while balancing a full-time job.
  • 📉 The speaker solved mock tests from multiple providers, including CFA Institute, Schweser, and Mark Meldrum, to prepare for the exam's difficulty and format.
  • 🕒 Time management is crucial both in daily study routines and during the exam, with the speaker advising to finish mock exams 10-20 minutes early.
  • 🔢 The recommended 300-hour study time for each CFA level should be taken as a guideline, with the speaker emphasizing that study time should be as long as needed for individual comfort and readiness.
  • 💪 The speaker discusses the importance of motivation, using the fear of failure as a driving force to pass the exam in one attempt.

Q & A

  • What was the speaker's experience with CFA Level 1 and 2 exams?

    -The speaker scored in the 90th percentile for both CFA Level 1 and 2 exams, indicating they performed better than 90% of the candidates.

  • How does the CFA Level 3 exam scoring work?

    -For CFA Level 3, candidates are not informed of their specific scores. They are only notified if they have passed the exam.

  • What was the speaker's study approach for the CFA Level 3 exam?

    -The speaker started studying seriously in May, with the exam in August, and had a consistent study approach across all levels, focusing on studying topics they wanted without following a strict order.

  • How many hours per day did the speaker study for the CFA Level 3 exam?

    -The speaker studied for roughly 2-3 hours a day from May to July and increased it to 4-5 hours a day in August, including time for mock tests.

  • Why did the speaker switch between different subjects while studying?

    -Switching between subjects helped the speaker avoid saturation and boredom, as the CFA curriculum is heavy and can lead to mental fatigue.

  • What was the speaker's strategy for managing study time alongside a full-time job?

    -The speaker managed to study while working full-time by dedicating 2-3 hours a day and taking full days off occasionally to maintain balance.

  • How many mock tests did the speaker take for the CFA Level 3 exam?

    -The speaker took a total of 4 mock tests from different providers, including CFA Institute, Schweser, and Mark Meldrum.

  • What was the speaker's recommendation regarding mock tests for CFA exam preparation?

    -The speaker recommended solving mock tests from multiple sources, including Mark Meldrum, to get a comprehensive understanding of the exam format and difficulty.

  • What is the significance of the 300-hour study guideline mentioned by the CFA Institute?

    -The CFA Institute suggests that students should study a minimum of 300 hours for each level, but the speaker emphasizes that the optimal study time varies and should be based on individual comfort and effectiveness.

  • How did the speaker maintain motivation during the CFA exam preparation?

    -The speaker maintained motivation by focusing on the reason they started and by being determined not to fail or give up, aiming to pass the exam in one attempt.

  • What was a significant achievement the speaker mentioned alongside passing the CFA Level 3 exam?

    -In addition to passing the CFA Level 3 exam, the speaker was also featured as one of India's 100 digital stars on a Forbes list, which they attributed to the support of their audience.

Outlines

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Transcripts

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الوسوم ذات الصلة
CFA ExamStudy TipsSuccess StoryTime ManagementMock TestsDigital StarCareer AdvancementEducational ContentFinancial AnalysisCertification Journey
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