What is the difference between CFA Level 1 in June 13 and December 13?

It's all the same, and theoretically it's not much more difficult. The topic is easy for appetite, but difficult for appetite. So the degree of difficulty is mostly luck.

There is no difference, the textbooks in the same year are the same. The difficulty of the exam is also uncertain, it is completely a normal fluctuation, and it will not be treated differently between June and December.

If you suggest it, you can take the test as soon as possible, and if you can catch up with June, you can take the test in June, and if you fail, you can do it again in December, so that you can take the second level exam in the second year.

In the same way, if you can catch up with the December exam, you will take the December exam, and if you succeed, you can take the second level exam in the second year. It only takes two and a half years to complete the CFA exam at the earliest.

So choose according to your own situation.

The November 2022 CFA Level 1 exam will be held from November 15 to November 21, 2022. The CFA Level 1 exam is generally scheduled in February, May, August, and November, and candidates who register for the CFA must read the exam time clearly and do not miss the exam.

The timing of the 2022-2023 CFA Level 1 exam is:

May 2022 CFA Level 1 Exam: May 17-23, 2022.

August 2022 CFA Level 1 Exam: August 23-29, 2022.

November 2022 CFA Level 1 Exam: November 15-21, 2022.

February 2023 CFA Level 1 Exam: February 14, 2023 – February 20, 2023.

May 2023 CFA Level 1 Exam: May 16, 2023 - May 22, 2023.

The 2023 CFA Level 1 exam is offered in four exam seasons (February, May, August and November), and the CFA Association has only announced the time of the CFA Level 1 exam in February and May 2023, and the exam dates for the other two exam seasons have not yet been announced.

In addition, the arrangements for the CFA Level 1 exam are as follows:

1. Duration of the exam.

The CFA Roll Shitan level exam is divided into two sessions, each exam is 2 hours and 15 minutes long, and each exam is set with an equal amount of questions, all of which are 90 multiple-choice questions, and the duration of the exam is:

30 minutes is allocated for commitments, tutorials, and surveys.

Duration of the first half of the exam: 2 hours and 15 minutes.

A 30-minute break (not included in the test time).

Duration of the second half of the exam: 2 hours and 15 minutes.

Duration of the computer-based part of the CFA Level 1 test: 4 hours and 30 minutes.

Total duration of the CFA Level 1 exam: 5 hours and 30 minutes.

2. Examination subjects.

CFA Level 1 exam is a basic level exam in the CFA examination system, focusing on investment evaluation, management tools and asset valuation, and introduction to introductory portfolio management skills, and its examination subjects are divided into 10 subjects, and the weighting of each subject is as follows:

Economics 8-12%, Financial Statement Analysis 13-17%, Professional Ethics 15-20%, Quantitative Analysis 8-12%, Equity Investment 10-12%, Fixed Income 10-12%, Portfolio Management 5-8%, Derivatives Investment 5-8%, Other Investment 5-8%, Corporate Issuer 8-12%.

The topics of the two CFA Level 1 exams are as follows:

First Half Exam: covers four exam topics, namely Ethics and Professional Standards, Quantitative Methods, Economics, and Financial Statement Analysis;

Second Half Exam: Covers six exam topics, namely Fixed Income, Derivatives, Corporate Issuers, Alternative Investments,** and Portfolio Management.

In order to let partners who are interested in CFA certificate or financial knowledge better understand CFA certificate and learn more practical financial knowledge, we have prepared a CFA three-day free practical camp experience course, which can be obtained with one click by poking the ** paragraph below

Hello, happy with your question.

If you are entangled in whether to take the second-level exam, the first thing is that you are afraid that there will not be enough time for review, in fact, from the experience of ** Jun, the time is very sufficient. Many of the candidates who took the June exam started to study seriously after the Spring Festival. Most candidates plan to revise about 100 days before the exam, because about 3 hours of review per day for 100 days is executable, and 300 hours is exactly the average revision time of candidates who have passed the CFA level according to the CFA Association.

Some people think that the price difference of $300 plus the uncertainty of whether they have taken the test will be inclined to prepare for 2021, but from a practical point of view, first of all, one more year does not guarantee that everyone can start early, I don't believe we can do a small test here, even if everyone is reporting 2021, more than 90% of the probability will not start earlier than December this year. In fact, in general, even if it is not, the worst result is an additional $1,000 in monetary costs, but it may also be that $300 is used to save a year's time cost, and if you can hold the certificate a year earlier, the benefits that can be seized in it may exceed this number.

If your revision time is in the range of 200-350 hours or less, and your score is higher than the pass line or above the top 10%, you can take Level 2 in the next 4 months, as long as you can meet the revision time (300-350 hours) we recommended earlier.

If your review time is more than 350 hours, and the grades are just right, the factors that need to be considered are whether you are self-studying or registering for classes at that time, if you are self-studying at that time, you can consider whether to register for classes to improve efficiency, and if you are registering for classes at that time, you can judge whether you are more concerned about the cost of time or money, and you can also get the answer.

Level 2 is different from Level 1 in that there is only one exam a year, which means that one failure will require another year to wait, unless one has absolute control over their exam results. Otherwise, in fact, in the long run, seizing every opportunity to take the exam is the best choice. Thank you.

In fact, you have doubts about applying for the June 2020 CFA exam, mainly because you are entangled in two questions. The first is whether there is enough time to review, and the second is that the June exam is the second stage of registration, and the December exam is the first stage, and the registration fee for the June exam costs an extra $300.

In terms of revision time, there are still four months left before the June exam, which is 120 days, which is enough time. Many exams are not studied until the last two or three months.

The key is whether the extra $300 entry fee is worth it.

In your opinion, how to choose depends on your specific situation.

If you take the exam in December, you are a candidate who is not close to passing the exam, **Jun's suggestion is to make persistent efforts and work hard for a few months, and the probability of passing the customs is very large.

However, if you have done poorly in this exam and you have already spent a lot of time on this review, such as more than 300 hours, then it is recommended to choose conservative law and register for CFA level 1 in December. Thank you.

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. The Level 1 exam is held in June and December each year. Level 2,3 exams per year only.

Held once in June, Gordon Finance suggests that it will take at least a year to pass the CFA three levels of exams at the earliest.

<> the weight of each test subject in the CFA exam is different, the association will summarize the results of each subject of the test to make a weighted average to judge whether the candidate can pass the test. For example, if it is also a 5a5b grade, because the weights of the subjects are different, it may be pass, and it may be fail.

The CFA scoring system marks each test subject separately, and the results of each subject will be divided into three grades: less than %-70% and higher than 70%, corresponding to the three grades of C, B and A, which are commonly referred to as all A scores, that is, the candidate's 10 subjects, each subject score is above 70%.

If the first word you see when you receive your transcript is "congratulation", it means that you have passed the exam, otherwise you have failed.

In addition to notifying you of your failure, the CFA Association will also provide you with an additional Score Band Report to tell you how close you are to passing. band 10, which means that you are a little bit worse. band 1 means you're a lot worse.

Analysis of specific test scores in order to build on the best efforts.

CFA Exam Score Passing Criteria:

Exam scores are divided into:"pass"or"fail";

2.Results are generally released within 45 days after the end of the test;

3.Grading system: Each subject will be scored separately in the CFA exam, and the score of each subject is divided into three grades - 70% and 70%. The CFA Association will summarize the candidates' scores in each subject and make a weighted average to judge whether the candidates can pass the exam.

The association has not officially announced the specific passing criteria, and the following criteria are estimated based on the actual passing situation of candidates over the years: the number of correct answers of candidates = 70% of the average number of correct answers of the top 1% of candidates in the world. For example:

The total number of questions in the test is 240 questions, and the average number of correct answers for the top 1% of candidates in the world is 220 questions, so candidates must answer 220 * 70% = 154 questions correctly to pass this test.

Part of the impact: If the candidate's score is on the edge of the passing line, the score of ethics will have an important impact on whether the candidate passes the exam, if the candidate's ethics score is good, compared with those candidates with the same score, there will be more chances to pass the exam, so the candidate should pay more attention to this part of the content.

The CFA exam does not have a specific test score, nor does it state what the passing score is, but only informs the candidate of the correct rate of each part of the answer, under normal circumstances, if the candidate has a correct rate of more than 70% in each part, he will pass the exam.

Grading system: Each subject will be scored separately in the CFA exam, and the score of each subject is divided into three grades - 70% and 70%. The CFA Association will summarize the candidates' scores in each subject and make a weighted average to judge whether the candidates can pass the exam.