AuthorTopic: CFA difficulty level
@2019-08-04 03:49:15
what is the degree of difficulty of the level 1 CFA one should expect
@2019-08-06 20:40:39
It’s not easy. 30-40% pass rate, at level 1. Even with a finance background you'll likely have to spend some time familiarizing yourself with definitions and topics specifics, not to mention get accustomed to the exam format (back to back three-hour exams with an hour in between; roughly 1.5 mins per question).

Without a finance background…well let’s pray you have at least six months to grind through the material.
@2019-08-12 16:00:55
Even with an accounting/finance background, I feel L1 is a real tester. You got to go through a lot of content. If you don't have an accounting background, you might want to start early and get a head start. At the end of the day, they will test your basic understanding in L1. The challenge is to retain the content.

You can always borrow some material from a friend who has taken the L1 exam and see the topics and the overall structure of the curriculum.
@2019-08-16 08:41:13
L1 is of course the easiest of the three exams but is a bit underrated in my opinion. As others have stated, the material is not difficult to comprehend but there is just so much of it. As well, a good portion of the questions are designed to trick you or misdirect you. L2 and L3 contain a lot more of that type of trickery but it’s present in L1 as well.

Point being, even if you know the material, it's still a tough exam and you’ll leave most likely thinking: maybe I passed, but maybe not. With lots of study though, it should be manageable to anyone assuming your at least of reasonable intelligence.

CFA Discussion Topic: CFA difficulty level

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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz