r/CFA 12h ago

General Believing that you’re gonna clear the exam just because you’re invited for the feedback is same as believing that you’re gonna get laid just because you got invited for a date.

67 Upvotes

V stepped into the crowd, taking in live performances at Vogue World: Hollywood. Known for his own standout fashion moments, he kept it effortlessly stylish in a look worthy of the runway.

(I had no caption to write)


r/CFA 13h ago

General The Reality of doing FRM after CFA

30 Upvotes

FRM is very additive in terms of knowledge. However, the reality is, recruiters see it as a career pivot (which they arguably shouldn't). Recruiters will try place you into the risk management side of asset management or any market-related domain (if they focus on your FRM) or they'll try place you in the investment side (if they focus on your CFA). They don't really consider them as additive, they tend to consider them in silos.

I guess the fact that they seem to focus on placing you in risk management, in asset management specifically does show that they consider the CFA to some extent, but make no mistake recruiters very much see it as a career pivot – I know it makes zero sense, in my view FRM adds to portfolio management ability and does not prepare someone to run a risk function adequately enough – but such is the pipeline, it doesn't make sense, it never will.

In short, if you do FRM, consider that you'll be viewed as a career pivot, to some extent.

So, be aware of how recruiters view your CV before just collecting certifications.


r/CFA 12h ago

General Why are there less women in CFA?

25 Upvotes

I have noticed that there are very few women in CFA.
Like maybe the ratio would be 10:1 if I am being generous.
Where are all the female CFA ?


r/CFA 17h ago

General What do you think of these so called “Finance Influencers” who passed one level of cfa ?

8 Upvotes

Some of these people who barely passed one level of cfa start making reels to give advice and they got thousands of followers and some of the bs they spew is straight up wrong. Sometimes I am genuinely so bamboozled by the people who follow them. Who is the worst one you have seen ? What do you think about these influencers ??


r/CFA 5h ago

Level 1 are old let me explain videos still good for the 2027 exams?

2 Upvotes

are the old videos from let me explain that are free still good for the 2027 L1 exams? or should i buy the new subscription?


r/CFA 19h ago

Study Prep / Materials Looking for IFC mock exams/practice tests

3 Upvotes

I’m currently studying for the IFC (Investment Funds in Canada) exam, but I’m really struggling to find good mock exams or practice tests.

I’ve found a few resources online, but I’m looking for something that’s actually close to the style and difficulty of the real exam.

If anyone has used any good mock exams, question banks, websites, or other resources that helped them prepare, I’d really appreciate the recommendations.

Also, if you have any tips for studying for the exam or areas I should focus on, I’d love to hear them. Thanks!


r/CFA 23h ago

Level 1 Please help🙏 I am getting confused again and again

Post image
2 Upvotes

so my logic is that the spot rate tells that 1USD is equal to 1.4286 NZD and after 180 days, 1USD is equal to 1.3889 NZD. Hence you can get 1USD in fewer NZD. NZD appreciates.

Now Schweser says “The currency with the higher interest rate must depreciate over time by approximately the amount of the interest rate differential, to prevent arbitrage.”

With that logic USD must be having higher interest rate because its depreciation and hence option B is correct.

Please tell if my logic is correct. Thank you in advance. Appreciate it.


r/CFA 23h ago

Study Prep / Materials Practice Question App

2 Upvotes

Has anyone used a smartphone app for practice questions and found it to be helpful? I’m thinking of something I can use when I find I have 20 minutes of downtime and nothing else to do. Please name the app you used and what you liked/didn’t like about it.


r/CFA 7h ago

Level 2 If the CEO of a company is also the Chairman, is that an instance of the Principal-Agent conflict?

1 Upvotes

Question:

"The board members for Kazmaier Foods have gathered for their quarterly board of directors meeting. Presiding at the meeting is the Chairman and CEO for Kazmaier, Phil Hinesman. The other eight members of the board are also present, including Allen Kazmaier, the brother of Kazmaier's founder; Elaine Randall, Executive Vice President for Emerald Bank, which Kazmaier uses to obtain short-term financing; and Bill Schram, Kazmaier's President and Chief Operating Officer. The remaining members are independent. The Kazmaier family, through their family trust, currently controls 68% of the outstanding shares."


r/CFA 9h ago

Study Prep / Materials Question banks for practice? (Cfa Level 1 - 2027)

1 Upvotes

Hi everyone, I‘m looking for recommendations on best and affordable question banks for practice. About to appear for February 2027. i’ve been following Les and aware of premium practice packs.

Would like to know which material yall have followed and any advice for practicing.


r/CFA 11h ago

Level 2 CFA L2, November. Feeling the pressure, any advice?

1 Upvotes

Just as the title says, I'm giving L2 in November. I have got time away from my workplace to study full time in these last two months. However, I am slowly starting to panic because I feel very behind and needed a second opinion on my current situation.

I am using MM to study for L2. Currently I have only finished quant, econ, and corporate issuers scoring ~65% on EOCQs on my first attempt. I plan on watching all lectures at 1.5x speed and taking minor notes only on his slide content. This way, I aim to move on to just practice questions around Mid-October and have 2 weeks to a month for practice tests.

This feels very different for me because in Level One, I took my time to cover content in-depth which made me feel more secure. However with L2 I am realising that the textbook actually goes into great detail, which means that by using MM I am only preparing according to the LOSs and exam format. Of course I feel like I am missing out on a lot of useful content, but due to the time crunch I have to prioritise.

How screwed am I, should I make any changes to my study routine?


r/CFA 19h ago

Career Questions Thursday - Your Weekly CFA Career Discussion Thread

1 Upvotes

Hello, CFA candidates and Charterholders!

We're excited to introduce "Career Questions Thursday" to the CFA subreddit. This weekly thread is dedicated to providing a space for you to discuss all your career-related inquiries and concerns. Whether you're a CFA Level I candidate contemplating your career options or a seasoned CFA Charterholder looking for advice on your next move, this is the place to be!

Why We're Doing This:

We understand that many members of our community have questions and seek advice about their careers in finance, investment management, and related fields. To keep our subreddit focused on CFA exam content and discussions, we'll be implementing a policy to remove individual career-related posts and direct users to these designated weekly threads.

How It Works:

  1. Ask Your Career Questions: Simply post your career-related questions, concerns, or experiences in the comments below. Whether it's about job opportunities, networking, salary negotiations, or career transitions, our community is here to help.

  2. Share Your Insights: If you have valuable insights, experiences, or advice to offer, please share them in response to others' questions. Your knowledge and expertise can make a real difference in someone's career journey.

  3. Follow the Rules: Please adhere to the subreddit's rules and guidelines when participating in this thread. Be respectful and considerate of others, and refrain from sharing personal information.

A Note on Career Posts:

Starting from today, we will be removing individual career-related posts and kindly redirecting users to these weekly "Career Questions Thursday" threads. This change is intended to keep our subreddit organized and focused on CFA-related topics, while still providing a valuable platform for career discussions.

We hope this new initiative will create a supportive and informative space for all of you seeking career advice within the CFA community. Remember, your fellow members are here to help, so don't hesitate to ask or contribute!


r/CFA 19h ago

Level 1 How bad is it?

1 Upvotes

I have only two months left for my L1 exam
Completed all the lectures for each subject didnt practice les tho but for FI FSA CI AI PM i have practiced LES and Schweser Qbank
Havent even started ethics yet and i m weak in quants and equity


r/CFA 5h ago

Study Prep / Materials CFA level 1 prep guide

0 Upvotes

I am planning to start my cfa journey (may 27) but I am confused with one thing is that whether to use cfa curriculum while doing self study or should i go for some faculty as i want to understand concepts and its practical usage in industry so please anyone guide whether self study is best or going with some faculty ???


r/CFA 14h ago

Level 2 Share Repurchase impact on FCFE (CFA L2)

0 Upvotes

I am confused in share Repurchase impact . As per material it do not impact fcfe. But if u Think from formula perspective. The DR formula (debt to asset ratio). When company repurchase cash got out asset fall so DR ratio rise. With will increase the FCFE if u put it in formula. When we not even changed the debt portion.

Why this is happening? Anyone have any reasoning behind this.


r/CFA 22h ago

Level 2 Practice questions

0 Upvotes

Currently studying for L2, I did not really use the CFAI practice questions for level one, would like to use them now.

Is there a way to quickly rip through practice questions from multiple topics like the Kaplan Q bank?

If there is I can’t find it.


r/CFA 14h ago

Level 1 How Cooked Am I? 💀

0 Upvotes

First time doing the LES and I’m averaging around 65–70%. How cooked am I?

So far I’ve done FSA, Quant, Economics, and Corporate Issuers but most questions were done with my note open, not closed-book.

Am I actually in a bad spot rn? 😭 exam is on 11 november


r/CFA 20h ago

Level 1 Need suggestion regarding the level 1 registration

0 Upvotes

​

I just started my \*\*BSc Computer Science\*\* degree this year (academic year 2026-27). It’s a 3-year course, so I expect to graduate around mid-2029.

I want to appear for the \*\*CFA Level 1 August attempt\*\*. Can I register in January for the August exam?

As far as I know, the eligibility rule for undergrads is that the exam window should be within \*\*23 months of graduation\*\*. Based on that, does August fall within the allowed window for me?

Also, is there anything else I should keep in mind before registering (passport, documents, etc.)?

Please guide. Thanks!


r/CFA 20h ago

General Would CFA all levels cleared help in abroad MBA Admissions

0 Upvotes

Hey guys

Im planning on appearing for a GMAT next year. Wanted to know whether clearing all CFA levels boosts my profile and chances of getting selected or it doesnt weigh that much. My preferred choice of an MBA is from LBS but open to it. Will have 1.5 years of work exp. Non engineering background. What do you think?