|Author||Topic: What makes a person to fail?|
Just wondering what makes a person fail his or her exam. obviously, if you don't study you will not pass CFA level 1.
but is that the only reason. because currently i'm persuing finance undergrad,and i am planing to take CFA level 1 next June (2018).To be frank, im not smart, my cgpa is only 2.5 over 4.
im asking this to know what is reason for a person to fail CFA level 1 exam. because i read online, most of the candidate who sat for CFA level 1 exam has working experience in the industry , but yet they still failed. so what makes a person fail his or her Level 1 CFA exam?
Second question is, Is it advisable for me to take CFA level 1 exam although im just an average student (not the brightest) should i take it while im still in school, because currently im in final year of university.
|1. Bring up your gpa
2. land an internship
5. get a full time job
6. reevaluate 5 years after you've been working if you need to PURSUE (not persue) the CFA program.
Actually i would add - evaluate your potential in the industry before you graduate!
You have to look at 2 things: if you truly enjoy working in the industry that you are willing to sacrifice a lot OR are you naturally really good in finance that you believe you can make money from it.
by naturally good at it i mean some people just live and breathe finance, and they've been trading since they open their first bank account and they do all kinds of analyses on their own and read up on every article. i mean, in these cases, i don't think GPA is the most important thing, you just need to graduate.
Too many students THINK they can make a lot of money in the industry without common sense, industry knowledge or natural talent. You don't need to be the brightest and most hardworking, but you need to know if it's a fit for you. I'd say after the internship is a good time to evaluate your situation.
|Overconfidence about passing and not putting in at least 200 hours (bare minimum) or the recommended 300 hours (for first timers.)
Not cramming enough in the last month and esp the last week even after putting in the 200 minimum hours.
Not sleeping well the night before.
Too much reading, not enough practicing
Didn't do CFAI EOC problems
Panic attack in the exam room
Calculator broke and no backup
Dog ate your AnalystNotes user account the week before
Got into a car accident o the way to the exam
Got mugged and hospitalized right before the exam