Hi guys, im a graduated student which has no experience at all in finance industry, i decide to take level 1 exam in june, from what i read in this forum there are many people who take exams at around late 20s and all have several years of experience, so I wanna ask are there many people who just graduated and study CFA? Is there any limitation in studying because I dont have any advantage and experience at all? Thanks
I’ve signed up for level 1 exam at 19 and I don’t feel disadvantaged at all (majoring in finance).
wow 19 is quite young rite, i thought at least candidate must study final year in order to register for cfa level 1?
Yes, you must be in your final year for L1 and you need to have a 4-years degree for L2. In my region (ex-USSR and Eastern Europe) you normally finish your high school at 16-17 and get bachelors degree by 20-21. As to whether you need to have experience in finance in order to pass: you can find quite a few people on this forum, who passed L1 (and, I guess, L2 and L3 as well) without any background in finance (neither professional experience, nor a degree), so there’s really no reason to feel intimidated by lack of experience.
i just passed level 1, 24 years old…there are plenty of people that pass at all ages…having a degree in finance or accounting is helpful, but i dont think the test is impossible if you don’t have one…it’s all about preparation…set a schedule, stick to it, study hard, and you will pass…don’t take any of the sections lightly, and make sure you UNDERSTAND every concept
Passed Level I, first attempt at 22. final year in undergrad.
- Passed L1. Definitely not impossible although having an accounting background really helps.
passed 1 week ago when I was 21 - now im 22
Registered for December level 1 - marketing undergrad, 6 months in PE fund… From my point of view it’s just about studying a bit harder without no finance experience and givin’ it a bit more time… everything is possible with the right attitude - sky is the limit
I passed level 1 and I’m 23. Get it done when you’re young.
Take a look at the CFAI economic book. The guy on the cover page, is 29 or became CFA at 29…his profile is on the CFA website (the one from Toronto)…. This just gives you an idea about what some people can achieve early in their life.
my friend is 23 sitting for lvl 3 this june. (he passed lvl 2 with 30 days of studying) last week i met someone who is 40ish and finished all 3 levels on 03,04 and 05 respectively. he then tells me he is doing logistics. i say to him “Give me ur charter if u dun plan to use it!!!”
Im 23 sitting for Level 2 in June, I have a degree in Finance though
24 and 2 days for L1. Moved on to L2… hey if work is paying for it–bring on L3 too!
Passed @ 24…non finace background…m Engineer(Non IT) working full time in IT sector.
23 Passed. Undergrad degree in finance and econ though. Only used the cfai books, very possible
22 to pass level I. Finance and Accounting Major with Econ minor. honestly the less you have in your life to manage and the fresher your studying habits are makes it EASIER but in no way impassable.
i passed when i was 22 also.