Ask me about the CFA program

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I've heard of people breezing through the first exam by putting in little effort, but I think you're the exception to the rule. I haven't heard of anyone breezing through the second or third exams. Yes, it was worth the effort for me.


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Actually it's the other way around. It's impossible to pass the first exam without at least cramming for about a week or so because of the sheer amount of arbitrary terminologies being introduced. You can, however, pass the second exam without studying at all if you have fully absorbed the material from the first exam, because most of the new material being introduced is logically sensible (thus derivable during the exam).

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Not sure I agree with this statement at all. Level 1 is all but a survey class, where L2, at least with accounting, I doubt anybody can walk in and pass w/o studying the materials.

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Well, there's very little new accounting material (except maybe some concerning multinationals) introduced in level 2 (well at least when I took it in 2005). And most of the investment analysis section is somewhat obvious - as in, there isn't a whole lot that is completely arbitrary. Besides, you don't have to get that high a score to pass.

Likewise, if you give a smart enough kid who knows calculus very well but hasn't had exposure to multivariable/vector calculus a light multiple choice exam on the subject, he will learn enough during the exam to get by because how vector calculus works isn't at all arbitrary and whichever parts that are can be inferred from the questions and corresponding choices.