I’ll provide a more complete Level III review in the future, but in the meantime, here is the history of my CFA Experience:
- Level I
- June 2004 – Passed (Pass rate: 32%)
- Quit my job at the time and studied for 4-5 weeks straight. Committed <200 hrs. to studying, but felt very confident after the exam, and passed easily. Felt much of the material was seen during undergraduate finance degree. See my Level I review here
- Level II
- June 2005 – Passed (Pass rate: 56%)
- Studied while at my current job, often in hotel rooms until late in the night. Obviously started studying earlier, and was forced to adopt a strict study schedule that I followed well. Committed ~250 hrs. to studying. Exam material was new, and was more difficult than Level I. Actual exam was very tough, and I left the exam room with low confidence – Was pleasantly surprised to find that I passed fairly comfortably. See my Level II review here.
- Level III
- June 2006 – Passed (Pass rate: 76%)
- Maintained study schedule developed during level II. Committed ~ 300hrs. to studying; more time than either previous levels due to the strong desire to be finished with the exams. Material was by far the most interesting. Exam was considered relatively easy, and I left the exam with high confidence. Ended up passing easily as well.
What’s left now? I just have to complete my work requirements, submit my paper work, and I’ll soon be a CFA charterholder.
Congratulations to those who passed this year, and good luck to those still in the program. Feel free to browse around the site for more CFA material, or contact me below with any questions you have.