Tell me an example where someone you know passed and they put the least amount of work in and got lucky. I hate reading comments where some guy took a month off of work to study and still didn’t pass for the third time. I know there’s got to be some stories to calm us.
I know one guy who probably did one mock and passed, but he was also a genius so I don’t know how to feel about that one…
the amount of information that you need to master, to the detail, makes it practically unrealistical for someone to guarantee they only spent 1 month going through the material and passing just like that
luftwaffle…haha. It’s true. Doesnt matter if you studied six months or 2 weeks. Solid distraction.
In those three weeks I did 300 hours. I did 15 hours a day. Woke up at 5am and studied at home to not waste time. Went to bed at midnight. I got thru most everything but started getting overwhelmed and confused at times. But I still think I have a good chance of passing.
Also I’m an actuary. Quant, FI, econ and some of derivatives was stuff I knew. Quant and Econ on the exam, I think I got perfect. Other sections killed me. Portfolio, Alternative and corporate. FRA was good as well but maybe i got tricked. I dont have background in that.
I know a girl who failed L2-Band 2, then passed the next year with only doing one mock the day before the exam and scoring 20% on it. She is actually very briliiant, but I was jealous as hell.
I know someone (smartest person I know) who at the time worked in equity research and was working insane hours, studied for level 1 hardcore for two weeks and passed, did the same for level 2 and passed, however for level 3 her luck wore out and she had to retake it, however she did pass on her second attempt at level 3. So there is hope.
I heard of this one person in Cali who won the powerball, and then shortly later foudn the love of his life, a gorgeous blond. So therefore, you should all quit your jobs and put all your savings into the lottery.
I’ve talked to a few different people who studied hard for level II and thought they failed when they walked out of the exam only to receive a passing score. Hard to know where that line is though.
How about this: I studied my ass off for 8 months (retaker here, Band 9 last year). Besides Ethics I crushed it. Honestly feel I got 90+ on AM, maybe 80-85 on PM. If you are envious of people who got lucky by only studying for a couple weeks and feel you can replicate that, you are in the wrong line of work. The only true way to pass the exam is to work. Period.
I doubt it now even more…Both these points have little role in passing CFA Exams … you have to know the cirriculum and formulae arre just part of it … FRA & Equity doesnt rely only on formula – they rely on concepts… everybody knew Portfolio formulas but it seems everybody is complaining for it …
My colleague literally open the package from CFAI only two weeks before the exam for Level 1. He passed with >70% on all topics by studying at home for two weeks.