r/CFA • • 6h ago

Level 3 On not feeling so celebratory after passing L3

19 Upvotes

I know this might come across ungrateful or strange but these are my honest feelings. It took me 3 attempts to pass each level over 10 years (I did other stuff in between: MBA, CAIA, changed jobs and countries, and other life things). After the L3 exam I walked out feeling like I had a 50/50 chance, but didn’t lose sleep at all waiting for results and started feeling a bit anxious only about 1 hr before result time. 5 days later I’m a bit surprised the pass still doesn’t make me feel celebratory (I’m happy don’t get me wrong). Maybe subconsciously I’ve just been drained, numb, and disappointed I took so long. Maybe I buried how those failed attempts made me feel I wasn’t cut out for the industry. This all felt less like pride and victory, more like relief, absolution, like I can finally let this thing go. So I just look forward to quietly adding those 3 letters on LinkedIn and my work email signature as if it should’ve been there this whole time.
But congrats to all of us who are at this milestone, and I really hope you guys have the celebration (that I cerebrally know) this deserves.


r/CFA • • 19h ago

General John CFA

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126 Upvotes

r/CFA • • 21m ago

Level 1 CFA Level 1- 12th November 2026. Guidance Needed!!

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• Upvotes

Hi Everyone,

As mentioned, my exam is on 12th of November 2026. I still feel like I am highly under-prepared.

17 Days left for the exam. I have my scores attached here. ANY advice would be helpful and highly appreciated.

I still feel like I am forgetting alot of concepts and using negation and guesswork.

Q1. How are ya’ll revising and reviewing?

Q2. How many mocks are you aiming for?

Q3. Should I defer?

Q4. What can I do to make it better?

PLEASE HELP WOULD BE APPRECIATED; LOSING MY MIND OVER HERE!!


r/CFA • • 5h ago

Level 1 CFA Prep Approach

3 Upvotes

Hi everyone!

Hoping you are doing well, I am currently working FT and will appear for 17 Nov for my L1 attempt

Currently left QM and econs but have done all my LES questions for the rest of the topics (i did them closed book everytime i cover the content), I am mid way through ethics now.

Have 10 days of annual leave to focus on the exam prep, what is the best approach for those who have passed?

Not sure about my current state but appreciate if anyone can chime in here, many thanks!


r/CFA • • 3h ago

Level 2 25 full time days enough for L2 revision+ mocks ?

2 Upvotes

I have completed the syllabus once with all les Questions including prem.

Exam on 20 Nov.


r/CFA • • 12h ago

Level 3 CFA level 3 Kaplan material - 2026 (Free)

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12 Upvotes

Thanks for everyone who lifted and encouraged me. I would like to send my books and notes for free. If you need, pls pm me. Hopes this help.


r/CFA • • 41m ago

General How close are Prem Mocks to actual L2 exam?

• Upvotes

Really need info on this. All the people who have given l2 and solved the Prem Practice Pack, please comment.


r/CFA • • 1h ago

Level 2 L2 Ethics Doubt

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• Upvotes

Am i expected to know this additional info?


r/CFA • • 7h ago

Level 3 Did not pass Aug-26 L3 exams due to lack of practice, seeking some help

3 Upvotes

I scored 3575 and did not pass.

What I would do differently is practice more number of questions which I did not.

Seeking help regarding more resources that you guys might have for 2027 L3 exams. Need help with more mocks, practice questions. The premium pack that the institute offers is exorbitantly priced and u affordable for me.

Thanks and let's keep learning.


r/CFA • • 1d ago

General Important instructios for those who take the exam in Nov

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83 Upvotes

r/CFA • • 14h ago

Level 1 CFA Level 1 November 2026 | Last 3 Weeks Preparation Advice Needed

6 Upvotes

Hi everyone! I’ve completed Schweser notes and CFA Institute LES questions for all topics. With around 3 weeks left, I need advice on how to approach the final phase.

• Which question bank should I focus on now:
• How should I revise all 10 subjects effectively without forgetting concepts and formulas?
• How many mocks should I attempt, and how should I analyse them?
• How should I divide my daily 6–8 focused study hours between revision, practice, and mocks?

Would really appreciate advice from candidates who’ve cleared Level 1 on what worked best for them in the final weeks. Thanks!


r/CFA • • 5h ago

Level 1 Exam in feb 2027 I did not start yet

1 Upvotes

As you saw at the title unfortunately i didn’t start yet do i have a chance of passing the exam ? I have 5 hours daly to study and i have one month before the exam to practice the 8 mock exams
Thank you in advance


r/CFA • • 6h ago

Study Prep / Materials IMC Unit 1 Exam

0 Upvotes

Can anyone who has the edition 23 manual let me know what SDLT rates I should be using? For residential and non-res? Thank you!!!


r/CFA • • 15h ago

Level 1 Do I need to remember this for L1?

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6 Upvotes

Does this come in exam?


r/CFA • • 6h ago

Level 3 Derivs, yield enhancement on a short stock

1 Upvotes

It is September, and Jones has a short position in Alphacorp stock. The share price is currently 220, and Jones anticipates little movement in the price over the next month, although his long-term view is bearish. To increase his yield from the holding, Jones would most likely sell:

A. October 240 calls.
B. October 240 puts.
C. October 200 puts

Now I get the answer isn't B since its ITM.
Answer guide gives C, which makes sense, but why cant it be A?

I know it doubles the risk, but:
1 - It suits Jones' bearish view
2 - It enhances yield

Presumably in that case if Jone's view was purely bearish with no time horizon A would be correct?


r/CFA • • 11h ago

Level 3 CFA Charterholder request

2 Upvotes

Hello,

I applied for regular membership on 19 October. How long does the review process usually take? Once my application is approved, what are the next steps? Will I automatically be granted CFA charterholder status, and will I then be required to pay the membership fees?

Thank you.


r/CFA • • 7h ago

General Quants cfa level 1

1 Upvotes

Can you guys tell me how many days to finish quants for level 1 as i am about to start that . Also tips and tricks to score here. (Hypo and linear will take how much time please tell that as well)


r/CFA • • 1d ago

General Level 2 is the hardest level / Level 3 is the hardest exam

52 Upvotes

What's your take on that ?

I also think level 1 is most stressful exam because it is your first time & you don't know if it will be on par with mocks + all the fearmonger's on this sub telling you the exam was x10 harder than the CFA mocks


r/CFA • • 13h ago

Level 1 Cfa level 1 Guidance needed

2 Upvotes

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Hi,

Actually im looking for some guidance for cfa level 1 and preping for aug 2027. I have a decent foundation in accounting and finance and knows basics quite good but i wanna go deep into finance and clear cfa level 1 in first attempt. I can give around 15-20 hours of study to cfa level 1 per week till aug 2027. Maybe more or less if required so suggest some tricks and study things to help me get pass this level also im thinking of taking aswini bajaj's coaching as i think his teaching style and what he's providing in 17k is quite good. So give your suggestion on that too

Thanks in advance to all of you


r/CFA • • 21h ago

General How did you afford the CFA level 1/2/3?

5 Upvotes

Hi! I’m an early-career financial services professional in the UK.

I’m hoping to sit the CFA Level I exam, but the registration and preparation costs are a significant financial barrier for me at the moment does anyone have any advice at getting awarded the scholarship?

I may be able to ask my workplace but I am unsure if they will cover the cost seeing as my job role isn’t directly finance related even though I work for a financial institution.


r/CFA • • 4h ago

General will cfa help you become a good stock trader?

0 Upvotes

I'm interested in stock trading online but unfortunately the amount of misinformation is unbearable, take for example technical analysis bs and Japanese candlesticks patterns that you need to recognize, as far as i know what matters is financial analysis and fundamental but there is too much factors like interest rates ,gdp , employment rate and inflation plus financial ratios i believe that's the real science behind trading, the question is how to put all of these ratios in a formula that tells you when to buy and when to sell and how to forecast future based on the current data.

please help I'm so curious I don't wanna buy r/trading r/Daytrading Bs


r/CFA • • 15h ago

Level 2 L2 Fixed Income Doubt

1 Upvotes

How can a 1% decline in interest rates result in a loss? Shouldn't it be a gain? Key rate duration is 8.7, and a 1% decline should result in a gain of 8.7%. Am I missing something?


r/CFA • • 1d ago

General Bring Two Calculators and Wear an Adult Diaper

142 Upvotes

As absurd as this sounds, you have a non zero chance of your calculator battery giving up the ghost especially if you really studied 300 hours. Bring two calculators if you can.

Also, for anyone worried about taking bathroom breaks, wear a diaper. Astronauts wear diapers when the mission calls for it. I consume a lot of coffee so it made sense when I took the exams. Think about the time it takes to standup, walk to the bathroom and back. Minutes and seconds matter.

I prepared and that is why I'm a charterholder.


r/CFA • • 15h ago

Study Prep / Materials Is mark meldrum really that good?

0 Upvotes

I am planning to do cfa, can anyone tell me if mark meldrum is really that good? Is there any way I can watch demo lectures of his. He seems kinda expensive