I am planning on giving the L1 in august. Assuming i pass the L1 , when can i attempt the L2 at the earliest?

I am a 2nd year undergraduate student in tier 2 engineering college,India.I am pursuing AIML engineering. I am planning to write cfa level 1 exam nov'25. I have had passion for finance since school days ( share Market, mutual funds, equity), and have been doing it as a hobby since highschool. What roles will I get after clearing cfa and engineering? How much pay can I get? PS: I want to work for a major hedge fund and use machine learning for heavy trading and all.

Hello, I am registered for 18th feb 2025 level 1 exam. But due to medical reasons I'm unable to prepare for the exam now and need to defer. But I can't find an option to defer to may on my profile. Can someone please guide me through the process?

How are they getting a portfolio return of 3.10% in the below selection effect formula? There is nothing in the text that explains how they are coming to this as a portfolio return. What are they doing that is 'adjusting for the effect of the options'?

https://preview.redd.it/8ogl4ir0vy4e1.png?width=1055&format=png&auto=webp&s=6ddbeb24e12d0003196b7538bbced7099fe1d97a

https://preview.redd.it/25u1olz2vy4e1.png?width=542&format=png&auto=webp&s=b7fc6c3b82ffaef87caa513c1c474e8b033e0ae0

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!

Hello friends, I'm about halfway done studying for my Level 1 and to the people who've already taken it - how on earth did you memorize all the formulas, steps to calculate things, rules, numbered lists, etc. It seems literally impossible lol. Any advice?

Can anyone help me with these two questions on how to design the hedging overlay portfolio?

My approach - Can anyone help me with how to solve this? I first calculated the DV01 of the liability using key rate duration and then the DV01 of the assets, after that used Goal Seek in Excel to calculate backward the value of the futures contract using their keyrate duration so that the hedge ratio at each level remains what is asked in the question to be at 0.8. Also the 6M doesn't have any future corresponding to hedge the exposure. Any other shorter approach on how to solve it?

In the second table in the first row for total liability % distribution, I divided the DV01 of the corresponding key rate duration/$20B

And for unhedged liability % distribution, first I subtracted assets+futures DV01 from the DV01 of liabilities to calculate the unhedged part and then divided the difference by $20B (total liability)

For the 2nd question the answer according to me is that there will be a proportional fall in assets+ futures as well as liabilities that are impacted by 10 year KRD when 10yr yield rises by 20bps, therefore keeping the hedge ratio unchanged.

Can anyone please help me with these questions and the correct approach/answers according to you?

Can anyone help me with these two questions on how to design the hedging overlay portfolio?

My approach - Can anyone help me with how to solve this? I first calculated the DV01 of the liability using key rate duration and then the DV01 of the assets, after that used Goal Seek in Excel to calculate backward the value of the futures contract using their keyrate duration so that the hedge ratio at each level remains what is asked in the question to be at 0.8. Also the 6M doesn't have any future corresponding to hedge the exposure. Any other shorter approach on how to solve it?

In the second table in the first row for total liability % distribution, I divided the DV01 of the corresponding key rate duration/$20B

And for unhedged liability % distribution, first I subtracted assets+futures DV01 from the DV01 of liabilities to calculate the unhedged part and then divided the difference by $20B (total liability)

For the 2nd question the answer according to me is that there will be a proportional fall in assets+ futures as well as liabilities that are impacted by 10 year KRD when 10yr yield rises by 20bps, therefore keeping the hedge ratio unchanged.

Can anyone please help me with these questions and the correct approach/answers according to you?

The Practical Skills Module contains 50 questions in the practice section. Do I need to be concerned about answering these questions in order to pass the exam?

I am from a very poor country and cannot scarifies fall, so I need to study it first to see if I can do it or not.

If it is not the place to ask such a question, may someone guide me where to do so or PM me.

Sorry if I bother ed you.

I'm close to the end. You'd think I'd be pumped to tackle studying each day. But right now feels like I'm trying to run in one of my dreams. What do you do to clear your head and get back in the game?

I've started with the CFA L1 studies and completed Equity from Kaplan and now down for FSA .

What should be the ideal speed for me to get my portion done and start with questions and practice and revise .I'm looking forward to give my exams in August '25 ...

My mind feels filled right now . SENIOURS Drop anything that y'all think would be helpful to me and the fellas

I’m going to begin studying for L3 for the first time, targeting the Aug 2025 exam date. I passed level 2 back in May 2021 and haven’t touched the material since. I’m looking for advice from anyone who’s been in a similar situation, mainly around the importance of reviewing previous level’s material prior to beginning level 3 study. Is this beneficial or would I be better off focusing on the level 3 material?

I have a bachelor’s and a master of science degree in financial management. I work in asset management as an analyst and I was wondering whether I have time to finish studying the material with a full time job. I’m 28 and I have not studied anything after finishing my master’s degree 6 years ago.

hey, so the thing is i never was good in academics during my school and in college too ( i was bit average (IT feild but now i wanna switch) . I started thinking about life and all a little late i guess. and i want to do it right now , to get into major league. I am thinking if i cleared my cfa now, maybe i will get what i want! or is it too late .?

Everyone says use Kaplan but I don’t wanna spend another $1500-$2000. CFA has 3 different options to choose from. If I chose the most expensive version for roughly $1750 it seems like it has a lot

Hi everyone,

I recently cleared CFA Level 3 and have 2 years of total work experience (1 year in equity research). I’ve been offered an equity research role (sell side) in Mumbai with a CTC of ₹13 LPA. I’d love to hear your thoughts on whether this is competitive for someone with my profile.

If you’re in a similar field or have been in a similar situation, could you share the salary range you’ve come across for such roles? Any insights or advice would be greatly appreciated.

Thanks in advance!

PS: Graduated in 2021 (commerce), no mba

Hello, hope December is going well for you all! If you were sitting for L2 May and wanted to get the most difficult topics and specific readings out of the way first, what would you start with? Typically the readings that require multiple revisions. Obviously it’s subjective but just wondering whats the consensus? Can you please take out a couple minutes and help?

I am thinking it might be something from FSA, Quant. Maybe I’m wrong. Let me know please. Thanks in advance and happy holidays!!

I am planning on sitting for L1 in August 2025, and starting my prep in August 2025.

My educational background is in Economics and my one YOE has been in a client services role at a HF.

Since I have a good basis for alternatives and economics, I was wondering if there are any readings I can casually do over the next few months to bring up my finance acumen since I’m devoid of a degree in the field.

So I am yet still pending with backlogs.As in I need to complete 2 chapter in CG ,2 chapters in equity, 1 theory chapter in Fixed income and 2 theory chapters in Derivatives.

February is approaching and now i am shit scared. I had skipped this chapter with an intention that I"ll complete at the end .But then my work schedule got me so busy that i did"nt has time.

Now I am planning to complete this chapter along with revision as 2 months i want to solve as many as questions possible.

Any suggestions on how to ace up.

Hi all,

I have been following this sub for a while and I like reading all of your views and stories. The urge to crack CFA increases with each passing day.

But I'm currently preparing for CFA CIPM L1. I'm 23 (F) who has no study background in finance. I started working in tech and startups since my 2nd year of engineering. I started investing when I was 18. It was so exciting and new that I wanted to work in fintech. I went on to work for another startup post my grad. Luckily, I got an offer post that to work in fintech as a BA (Investment Performance and a financial product) and I accepted it with no hesitancy. (It is difficult to get in without an MBA or experience) Now that I'm in it, I want to be really good at it and knowledgeable. I see CFA as a way of getting there. More than the charter, the content it offers is intriguing.

I joined fintech in April. Started studying for sept 2024 CIPM L1. Had no hopes and as expected I failed. Registered again. My biggest drawback is to unlearn how we studied in school and to look at the material from an intuitive perspective and the motivation to study after a soul sucking day at work. I have felt so dumb. My math skills have gone down over the years. How do I get better at grasping concepts? And what is the ideal time do you think I should start with CFA?

Ate there any good basic financial materials or videos about capital markets?

Any suggestions amd advice is welcome!

Thank you so much if you read till this :) Appreciate it very much

hey i am not sure of getting practice pack now, can i buy it later if we need and extra practice or does we have to buy it now otherwise option to buy it later won't show up ?

Guys can someone tell me when is the last date for registration for CFA L1 AUGUST 2025 Attempt

Guyss what is the last date for early bird registration for L1 August 2025 exams??

I'm finding those practice questions kinda difficult with an accuracy of 65% . This is for level 1. Is it just me?

Yo, just started diving into the MM 2017 materials for CFA prep, but I’m struggling to match it up with what’s being covered in lectures. Like, how do y’all keep it synced up? Any hacks to stay on track or line up the topics better? I’m all ears for your tips!

Hi I’ve just finnished equities and now doing problems on the equity section my exam isn’t until may next year but feel that there is so much content to get through which takes a while did anyone feel that they just wouldn’t get through it all?

Only 2 Months Left for CFA Level 1! For those who’ve been in this crunch before, what’s your single best tip for maximizing study time and boosting confidence in the final stretch? Whether it’s a game-changing strategy, a must-use resource, or a mindset shift—drop your wisdom here.

So I have enrolled for May 2025 CFA L1 But got no clue what to do next, Can y'all guide me in how to begin?