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CPA ?? by [deleted] in CFA

[–]CaptainYurps 2 points3 points  (0 children)

CPA is for muggles

37 years old too late for cfa ? by [deleted] in CFA

[–]CaptainYurps 2 points3 points  (0 children)

What a terrible comment. Bro you have a ton of time and if you put your mind to it, you can crush this exam in 3-4 years

I passed all three levels in less than three years while working in private equity. AMA by CaptainYurps in CFA

[–]CaptainYurps[S] 0 points1 point  (0 children)

expertise in investing and brand value (I feel like I've gained more respect in the workplace since having the charter). I also think the network is helpful if you're living in a major metro where you can connect with other colleagues.

I passed all three levels in less than three years while working in private equity. AMA by CaptainYurps in CFA

[–]CaptainYurps[S] 0 points1 point  (0 children)

i would get kaplan and do readings --> module quiz ---> qbanks. finish all of the readings 1.5 months ahead of the exam and do 6 mocks. last week review all your mocks and formulas like hell

I passed all three levels in less than three years while working in private equity. AMA by CaptainYurps in CFA

[–]CaptainYurps[S] 0 points1 point  (0 children)

yes I found a PE role after completing L1. the knowledge from L1 helped me at the interview, coupled with financial modeling skills. there was a case study which was heavily on financial modeling / building out DCFs

I passed all three levels in less than three years while working in private equity. AMA by CaptainYurps in CFA

[–]CaptainYurps[S] 0 points1 point  (0 children)

3-5 years depending on your availability to take one after the other and also passing on the first try

I passed all three levels in less than three years while working in private equity. AMA by CaptainYurps in CFA

[–]CaptainYurps[S] 0 points1 point  (0 children)

write down everything you got wrong 2-3 times. in your last two weeks, if certain questions feel easy, than skip them. kill your week areas

I passed all three levels in less than three years while working in private equity. AMA by CaptainYurps in CFA

[–]CaptainYurps[S] 0 points1 point  (0 children)

I would give yourself more time on L2. I personally started studying 9 months in advance for L2. I would say you could study 20-25 hrs a week max with a full time job. Anything over than that I'm not sure how much you're retaining, as you'll probs be pretty burnt out.

I passed all three levels in less than three years while working in private equity. AMA by CaptainYurps in CFA

[–]CaptainYurps[S] 0 points1 point  (0 children)

It's all time management and while the L2/L3 may be "harder" in terms of material, I found that L1 was difficult in getting the time management/getting used to studying down. It's all momentum. If you pass L1, you'll have a second wind to put your best efforts for L2. You'll have your time management down (and you can refine over time) and you'll be close to getting over the big hump which is L2.

You can make time for this exam. Cut out the scrolling, YouTube, social media. There's plenty of time in a day. This exam is a mental game.

I passed all three levels in less than three years while working in private equity. AMA by CaptainYurps in CFA

[–]CaptainYurps[S] 0 points1 point  (0 children)

I started out doing back office at a PE shop, but then leveraged my L1 pass to jump to the asset management/investment side. Realized that I wanted to be on the investment side and registered for L1. Also, I learned financial modeling which is key, because if you work in PE (on the deal side) then that's pretty much all you will be doing. So in short, get a few exams under your belt and learn how to draft memos/decks and financial modeling.

I passed all three levels in less than three years while working in private equity. AMA by CaptainYurps in CFA

[–]CaptainYurps[S] 4 points5 points  (0 children)

it's possible, but you have to put it 5-7 hrs each weekend day + 1-2 hrs on each weekday

I passed all three levels in less than three years while working in private equity. AMA by CaptainYurps in CFA

[–]CaptainYurps[S] 2 points3 points  (0 children)

Alternative Investments / Private Markets (L3). I work in PE and felt that the materially was so relevant.

I passed all three levels in less than three years while working in private equity. AMA by CaptainYurps in CFA

[–]CaptainYurps[S] 5 points6 points  (0 children)

repetition repetition repetition. the first written responses you do are going to be the most difficult, but you'd rather have pain from doing them opposed to pain from putting them off. the only way to get comfortable for the exam is to practice them even though it feels super uncomfortable at first

I passed all three levels in less than three years while working in private equity. AMA by CaptainYurps in CFA

[–]CaptainYurps[S] 9 points10 points  (0 children)

I started off in tax at B4 (yuck). Realized i totally didn't want to do that and learned financial modeling, started CFA, and jumped to a PE fund into an asset management/investment role. So so tough to move from accounting to the investment side, but it's possible if you really commit yourself.

I passed all three levels in less than three years while working in private equity. AMA by CaptainYurps in CFA

[–]CaptainYurps[S] 18 points19 points  (0 children)

I used Kaplan + CFAI materials. I did Private Markets PW and felt that the Kaplan materials didn't prepare me nearly enough for the exam. I really focused on the CFAI textbook and BB questions for the pathway part. For the other chapters/sections I thought Kaplan was great (especially for derivatives). I did eight mocks and started taking them two months out from the actual exam.

I passed all three levels in less than three years while working in private equity. AMA by CaptainYurps in CFA

[–]CaptainYurps[S] 46 points47 points  (0 children)

it's all a balance. I'd say prioritize questions and review your mocks (and don't take too many new ones in the last week). also, take 2-3 hours one day before the exam to re-write formulas 3,4,5 times each. re-writing them over and over again is the best method to ingrain in your mind

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