I haven t passed the CFA level 1 exam twice, do I have to apply again?

Test. I want to take the test...

Not to the end.

Gordon Finance CFA has you covered:

The CFA exam is divided into Level 1, 2, and 3 in turn, with a total of three levels, and all candidates must take the exam in order, passing the previous level in order to take the next level of the exam.

where level

1. The examination is held once a year in June and once in December; Level 2,3 exams are held once a year only in June,

Teacher Gordon CFA explained in detail whether CFA level 1 can be deferred.

CFA's so-called cancellation is non-refundable, so there is no difference between a refund and a non-refund.

The common way to deal with this is not to take the test.

If there are special circumstances, and it can be proved that there are some physical reasons (such as pregnancy, hospitalization, etc.) that cannot take the test on the day of the test. You can try to request a postponement (i.e., postpone the exam to the next exam time). But it doesn't have to be approved.

Details and the application are available on the CFA website.

I have a friend who has successfully postponed the exam.

The CFA Association stipulates that starting in 2021, the CFA can only take a maximum of six computer-based tests at each level. The CFA Level 1 exam involves more than 4,000 financial knowledge points, and if the candidate fails to pass the exam, the CFA Association also provides candidates with the opportunity to make up the exam, but the total number of times cannot exceed 6 times.

How much does it cost to retake the CFA exam?

The CFA make-up examination fee includes two parts: the examination fee and the examination tax per mu.

1. Examination fee.

2023 CFA Exam Fees.

If candidates register in the early bird stage, they will be charged a $900 exam fee;

If you register in the Standard Stage, you will be charged a $1,200 exam fee.

2. Examination taxes.

Exam tax for senior students: $45.

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Pass rate for CFA Level 1 exams.

According to the newly released official pass rate over the years, the average pass rate of the first-level exam over the years is 42%. However, it should be noted that the latest exam (held in May 2021) has a pass rate of "**" or even "halved": the pass rate of the first level is only 25%.

But don't worry too much, the CFA Association said that the minimum score cut-off (MPS) has not been adjusted. The only reason for failure is that the "**" problem is not in the exam itself, but in the candidate's own body.

What are the revision materials for the CFA Level 1 exam?

1. Study notes (about 1500 pages);

2. CFA Ethics Manual V11 version, Handbook for exams;

3. Mock and sample over the years;

4. Officially designated textbooks (about 3,500 pages).

If the candidate's foundation is not very good, it is recommended to study along with the online class.

CFA level 1 can be taken four times a year, specifically in February, May, August, and November. Candidates can take the exam at most twice a year, and there must be an interval of 6 months or more between the two levels of CFA exams, for example: candidates who have registered for the CFA Level 1 exam in February 2022 and have obtained a passing transcript can only choose the CFA exam window in August 2022 to apply for the CFA Level 2 exam at the earliest, that is, if the candidate passes the CFA exam at one time, it will take a year and a half to complete the CFA Level 3 exam at the earliest.

A maximum of 6 attempts can be made per exam level.

CFA Level 1 Examination Subjects.

Including "Professional Ethics and Ethics", "Quantitative Analysis", "Economics", "Financial Statement Analysis", "Corporate Finance", "Portfolio Management", "Equity Investment", "Fixed Income Investment", "Derivatives Investment" and "Other Investments".

Introduction to the content of the CFA Level 1 exam.

Compared with the other two levels, the difficulty of the CFA Level 1 exam will be relatively low, requiring candidates to focus on the understanding, memorization and mastery of knowledge points, and the knowledge points involved are also relatively basic, focusing on investment tools, financial statement analysis and investment analysis and management foundations.

For the knowledge points of the CFA Level 1 exam, candidates only need to combine the requirements of the syllabus and the key content of the knowledge points in each chapter of the textbook to learn, and the learning will be relatively efficient and easy.

CFA Level 1 Exam Preparation Program.

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1. Learn a new content each time and solve existing problems in a timely manner.

After studying the CFA course, it is recommended to list the problems in the CFA course and solve them in a timely manner. Mark the key knowledge involved and strengthen the understanding.

2. Read your notes carefully and memorize important concepts and formulas.

To learn the content of CFA, it is important to organize your notes, read more notes, and memorize the important concepts and formulas involved in them. Combined with the notes, the knowledge framework diagram is constructed to grasp the knowledge as a whole.

3. Do a mock test of polymorphism leakage before the test.

While studying for the CFA exam according to the study plan, it is also important to understand the importance of doing more mock questions. It is recommended to take a mock test before the exam to adapt to the environment of the exam room in advance and train the sense of questions.