Hope everyone is studying away and getting ready for the L1 exam. Well I wanted to ask if anyone has had an experience similar to mine and if they passed CFA. I am very nervous about taking the exam because of the lack of studying I have done.
So, I started studying for CFA around May 6th. Currently I am through FRA and Economics. I should be through Fixed Income and Equity by Wednesday. I am hoping to finish all the material by Friday so I can use Friday evening - Monday night on practice questions. Then I will use the remaining 3 days (will not study next Friday) to just memorize formulas. I greatly under-estimated this exam. I thought with about a month and half of prep I could have it down, but it does not seem that way.
A little background about myself. I graduated with a BS in Engineering and then went to medical school. I was not too fond of Medical School so I left and now working in a financial services company as a Technology Business Analyst. I hope to move more into the finance aspect (research or asset management) after CFA L2. If I fail this June one, I will sign up for december and make sure I actually study.
I remember when I took my MCATs I basically spent one month just studying about 20 hours a week and got 97 percentile. Not sure how CFA L1 coorelates to degree of MCAT (I personally feel MCATs are harder because longer passages for reading/interpreting).
But just wanted to see what experiences people on here had for taking CFA L1 with minimal background in finance and just a month of studying.
I will definitely have to post back here in mid July to tell you how my experience went.