| Topic Name: |
CFA advice needed |
| Message Name: |
CFA questions |
| Date Posted: |
03/24/2005 |
| In Reply To: |
Passing all 3 would be best but even just passing 1 is a good thing. But realize just passing one does not allow you to use the designation.
Whether you pass June or Dec the Level 2 isn't until June 06. If you haven't already signed up, I would wait and take it in Dec. |
| Message: |
The last post about waiting until Dec to write level I is probably the correct one. The first level has basically the same information learnt in a Bachelor of Commerce (not sure what you call it in the States, probably Business undergrad). So, you have to be able to answer any question learnt in the 4 years of a business degree in a 6 hour exam (FUN). There is no point just doing the first level, you have to look at it as 'all in or nothing'. Completing only your first level would be like doing one year of Law, then quitting. Also, if I were a HR person, I would ask myself "is this a person who takes on a task and doesn't complete it???"
Besides that, the pass rate for first and second level is in the low 30%s (ouch) and then 3rd level is around 60% (these numbers don't take into consideration that about 25% of people who sign up for any of the levels don't even show up for the exam).
That's about it.
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