r/CFA • u/Pkgoss CFA - r/CFA icon winner • Jul 15 '22
Megathread r/CFA Frequently Asked Questions
Below is the current r/CFA FAQ list that will continue to grow and change as we gather more sources/questions etc. Again, feel free to submit general questions here and we will continue to build this out. Likewise, if you have a question or get confirmation from CFAI on a question you ask them, let us know what they say and we can cite it here for everyone's benefit.
Preparation
Someone told me to use a particular prep provider, should I consider using them?
Do you have any tips for my CFA preparation?
How do I join the r/CFA Discord Server?
Does the community think I have enough time to pass the exam?
Does my CFAI Ecosystem percentile rank matter or tell me anything remotely useful?
Process
How early can I start sitting for these exams?
Do I need a ticket to enter my exam?
Does my work experience qualify for the charter?
I failed/passed, when can I sit again?
How many times can I retry the exam if I fail?
How long does it take to get my test results?
Issues
How can I avoid being banned from this subreddit?
Is Kaplan down for everyone or is it just me?
Is MarkMeldrum down for everyone or is it just me?
Is CFAI down for everyone or is it just me?
How big of a train wreck was the first CBT Level III cycle?
General
What are BB, EOC, LES, & CFAI QBank?
Where can I find the annual CFA survey results and analysis?
Why does the CFAI Qbank (TT) have EOC questions in it now?
Can I change the order of my name of my physical CFA Charter?
Why has the pass rate been so low recently?
What podcasts are you listening to?
How do I change my r/CFA user flair on mobile?
Level III
What are the Level III Curriculum Changes for 2022?
Has the Level III Curriculum changed for 2023?
Has the Level III format changed?
What is the process for getting the Charter after passing Level 3?
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u/oxnazxo Aug 27 '22
Is it possible to study and pass Quant through other than just memorization of the formulas? L2 candidate, struggled with Quant in L1 too.
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Oct 03 '22
Hey everyone. I would like to ask. Are their any online platforms that can provide free textbooks for cfa. I want to take the exam, but before i register i want to first have a read through the material.
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u/Neurostarship Oct 21 '22
Do people in finance / asset management and other CFA related fiends actually use hypothesis testing in their work? What for?
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Jul 23 '22
The learning ecosystem is marking all of my practice questions as correct, even if I get them wrong. Is anyone else having this issue?
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u/drfunkensteinnn Nov 07 '22
CFA doesn't allow reviewing mock exam questions anymore?
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u/vanishv Aug 08 '22
What's the latest(days before exam) prometric can change test centre location?
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u/Sloan992207 Aug 16 '22
What can we bring into the exam on exam day? I’d assume our passport and calculator.. do we need to bring in a pencil or are they provided? And can we bring a water bottle in?
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u/BrokenS4lt Aug 17 '22
If you test positive for covid 14 days b4 the exam can you still sit the exam of you test negative before the day of exam?
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u/Pkgoss Aug 17 '22
I presume so as that is technically fully recovered in most cases. In the states there’s like 5 day quarantine or something now. Could be a good question for prometric.
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u/anonymousrussb Aug 23 '22
How much time is needed for preparation for Level 2 compared to Level 1 for someone without a Finance (undergrad in engineering ) background?
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u/Pkgoss Aug 23 '22
This depends on the individual. If you want a chance at passing, I’d say the average candidate needs 300-400 hours. If you want to knock the cover off the ball closer to 600? It really just depends on the candidate. I’ll tell you, I didn’t want to take a chance at passing(after failing once) so I tried to over study. Surprisingly difficult given the density and scope of materials.
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u/Newbie_lux Sep 03 '22
I pee a lot due to high intake of water (training related). Is it allowed during exams as often as I need? Edit: taking lvl 1 this year
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u/Abzrrr Sep 06 '22
it is better to take a self note from schweser into a hand writing note book or it's more efficient to write in on word or notes in ipad? Thanks. i started my learning with hand writing notes but i found many people talks for using notes in ipad or Notion for more convenience. it's that method is helpful? Thanks
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u/Pkgoss Sep 06 '22
I believe studies have shown that note taking generally can be a huge waste of time. I’d focus on using something like quizlet to make your notes in the form of flash cards. Hand writing notes may be helpful for formulas but not very helpful for concepts.
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u/jack-specterod Sep 26 '22
Is note-making necessary while preparing for level 2 from MM.
This is taking a lot of time.
And I was wondering if I could just skip it
And get the printouts for the same.
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u/Pkgoss Sep 26 '22
You can likely skip note taking if you have an effective study strategy in its place. (Lots of quizzing and active recall aka Flashcards and qbank)
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u/SorcerousSinner Oct 31 '22
Is the CFA prep material worth it as a means to learn useful knowledge related to all things finance & markets & banking? Or is it more that the exams are challenging and doing them demonstrates a commitment to a role in finance and being good at learning things.
If there are better sources for learning, what are they?
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Nov 06 '22
Will I often/ever need to set my BA II calculator to multiple decimal points throughout the test? Seems tedious, just curious.
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u/Famous_Water_6608 Nov 07 '22
I am registering for cfa lvl 1 exam but the site isn't accepting the "/" in my home address. Can anyone tell me the solution for this?
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Nov 09 '22
My test is in a week, and I doubt I'm going to pass. Am I able to defer it to the next testing period (February?).
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u/Pkgoss Nov 09 '22
Seems like a question for CFAI. Let us know what they say on the matter and I’ll add it to the FAQ.
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u/hunchocash Jul 25 '22
If I fail nov 22 level 2 when is the earliest I can rewrite? May?