This blog is for me to record my struggle in taking the CFA Program. A large proportion of the students taking the CFA Program will fail. I am an IFA in Singapore but wish to remain anonymous for now. I sat for the Level 1 examination in June 2009, Level 2 in June 2010 and Level 3 in June 2011. I passed all three levels on first attempts. The global passing rate was 46%, 39% and 51% respectively.
Thursday, July 30, 2009
Tuesday, July 28, 2009
Yipee! CFA Level 1 - Passed!

Just login - I passed the Level 1. I also scored above 70% for all topics.
In the meantime, I am disappointed that the passing rate was so high. 46% of the Level 1 candidate passed. Dec 2008 passing rate was 35%. The passing rate for the pass few years for level were:
2005 June 36%
2005 Dec 34%
2006 June 40%
2006 Dec 39%
2007 June 40%
2007 Dec 39%
2008 June 35%
So this year's passing rate was extremely high. Is it because of the 3 choices of question (previously 4) or is it because candidates are more prepared?
Whatever is it, if the passing rate is so high, the value of the cfa paper decreases.
Saturday, July 25, 2009
Countdown to Exam Release
The result of the CFA Level 1 exam will be release no earlier than 9am ET 28 July 2009. In Singapore time, that means no earlier than 9pm 28 July 2009. It is countdown time... again!