Can someone explain whether the Python/Modeling skills starting in 2024 will be just videos you watch as a seminar and complete exercises or would it be a timed-test at the end of the seminar that if you fail you cannot take the exam. I am struggling to understand what's the purpose of it if you just watch and might have someone else do the exercises for you. Thanks!
Mark, I have a liberal arts background (read: very little background in finance) and only started studying for the November 2023 Level 1 CFA. I embark on this journey mainly to bridge the gap in my knowledge before starting my MBA program & to become a competent entrepreneur who undertands the perspective of financial analysts. Would love to listen to more of these motivating coaching sessions! Please keep 'em coming!
You have way way more time than you will ever need. I have some background so I managed to pass Feb 23 level 1 exam after about 10 days of intense studying. You would probably need more time so try to plan ahead and set aside time to have plenty of practice just before the exam. That will help you solidify your understanding while also refresh your memory for important concepts. The danger here is underestimating the size of the program and starting too late or trying to study too early and forgetting the materials on the exam day, not having enough time to study for it.
Hi Mark, I have failed twice, and spent a lot of our hours for preparation. After your video I understand that I have not made proper review. I am going to register for Aug 23 and hope that I will pass, should I do review and practice and do not spent time for reading chapters again? I have 4 sections below 50%
Awesome content 🌹one question: would 4months full time studying be sufficient to prepare for level one exam in August 2023?( I studied double majors in Finance and Accounting as bachelor degree) many thanks 🤓
Awesome information Mark. Thanks so much for taking the time to produce these videos. Don’t take this the wrong way, but your videos often double as a sleep aid for me (2nd pass lol).
Hi Mark,I entered November 2022 and didn't make it ,I was self studying and I am currently working as AP accountant,what is your advice to me,to continue and register again or to shut down this chapter ? I really exerted lot of effort without results.
Hello Mark, I'd take the chance here to ask about the sector studies in the website. I am so much into them. Are there more sectors to be added ? Are they going to be free as they are? Really enjoyed them.
@@MarkMeldrum I mean , do they come as part of the package a candidate is registered to or they are always accessible without registration to any level?
Hello Dr. Mark, just passed level 1 exams through your lectures. For Level 2, I was thinking of applying for the Access Scholarship for the Nov 23 exams. So can I buy your level 2 package right now, as I will get the confirmation of the scholarship only after a little while? I want to start the preparation ASAP.
Hi Mark! Do you have anything to say to someone who did not pass, was prepared and the passing was about one/ couple of points away. It was so close so I struggle to find the motivation to do it again, as I was excited about moving into the level 2. Also I was wondering if you think adding Python on 2024 will affect the passing rates of November? (People who are not fans of programming wanting to do the ex before it changes). Many thanks.
If you were that close, you don't need a lot of time - look at Aug. If you want a lower cost, take November, and that gives you a few months off - you have until May 10 to get the early registration amount. As for Python - you don't have to do that module - you can do the financial modelling one - you only need one - it is not testable. ChatGPT can generate Python code for you - no need to learn it.
Do you think now until the November exam is enough time to prepare for it with an average of 12-15 hours of studying each week? For the average person.
Hello mark, I don’t have any degree nor financial school. But I have been a retail currency trader going on a year now. I have purchased all the levels to gain the pro knowledge. Will going after the CFA help me. I want a job, doing this kind of work, so what is best for me, I really don’t want to pass the test I want to really know this work
You can learn anything without needing a formal certification. However, the CFA letters are a market signalling device - they let others know that you know it. So if you feel you will need that legitimacy, then that is what the exams are for.
I studied for level 1 in about 10 days and miraculously passed at about 88th percentile for the Feb 23 exam 😅will try to implement a proper learning schedule for level 2 this year
Whenever I speak to prospective/existing CFA candidates, the topic of study hours inevitably comes up. And I will remind that the CFA exams do not test you on number of study hours but mastery of the curriculum. So the proper aim should be 80% score in mocks - 70% is the guaranteed passing score + 10% buffer for exam day conditions. Using your example, you probably would get 95% in mocks which demonstrates complete mastery of the L1 content. I don't see anything wrong with your method if I works for you
@@Nigel3005 on the contrary my prep for the exam was a very last minute attempt lol. I fully expected to fail the exam and retake it at a later date. I was quite overwhelmed with the amount of content and practice and did not have time to do mock exams properly. I was actually going through questions and answers simultaneously to be exposed to as many question types as possible. Would not recommend my approach to anyone lol.
@@TyrannicToe56 please can you tell me did u have any finance related work or study experience prior to the exam? Since i have reserved 34 days for my may 2023 attempt with minimal finance related knowledge
@TyrannicToe oh wow. Hahaha you must be very smart then if you could learn while doing mocks - mocks are usually used to solidfy understanding as opposed to initial learning. Otherwise, you probably have a very good finance background. Well done either way! 👏
Thank you Dr. Meldrum, i fortunately passed the first level and I’m excited to jump in to the second one
God, I needed this...
Can you please do a similar info video regarding L2 please. Thanks
Can someone explain whether the Python/Modeling skills starting in 2024 will be just videos you watch as a seminar and complete exercises or would it be a timed-test at the end of the seminar that if you fail you cannot take the exam. I am struggling to understand what's the purpose of it if you just watch and might have someone else do the exercises for you. Thanks!
Mark, I have a liberal arts background (read: very little background in finance) and only started studying for the November 2023 Level 1 CFA. I embark on this journey mainly to bridge the gap in my knowledge before starting my MBA program & to become a competent entrepreneur who undertands the perspective of financial analysts. Would love to listen to more of these motivating coaching sessions! Please keep 'em coming!
You have way way more time than you will ever need. I have some background so I managed to pass Feb 23 level 1 exam after about 10 days of intense studying. You would probably need more time so try to plan ahead and set aside time to have plenty of practice just before the exam. That will help you solidify your understanding while also refresh your memory for important concepts. The danger here is underestimating the size of the program and starting too late or trying to study too early and forgetting the materials on the exam day, not having enough time to study for it.
@@TyrannicToe56 Very helpful recommendation. Thank you!
Hi Mark, I have failed twice, and spent a lot of our hours for preparation. After your video I understand that I have not made proper review. I am going to register for Aug 23 and hope that I will pass, should I do review and practice and do not spent time for reading chapters again? I have 4 sections below 50%
Mark: See if you know where its from from the top of your head
Me: Googling it only to find out the song came out before my dad was born
But so did Mozart and Beethoven. As did Louis Armstrong and Ella Fitzgerald. Great music is timeless.
Awesome content 🌹one question: would 4months full time studying be sufficient to prepare for level one exam in August 2023?( I studied double majors in Finance and Accounting as bachelor degree) many thanks 🤓
Awesome information Mark. Thanks so much for taking the time to produce these videos. Don’t take this the wrong way, but your videos often double as a sleep aid for me (2nd pass lol).
Hi Mark,I entered November 2022 and didn't make it ,I was self studying and I am currently working as AP accountant,what is your advice to me,to continue and register again or to shut down this chapter ?
I really exerted lot of effort without results.
Hello Mark, I'd take the chance here to ask about the sector studies in the website. I am so much into them. Are there more sectors to be added ? Are they going to be free as they are? Really enjoyed them.
I will be adding more this fall. Not sure what you mean by "free as they are"so I can't answer that one.
@@MarkMeldrum I mean , do they come as part of the package a candidate is registered to or they are always accessible without registration to any level?
dr mark u recommend making notes by hand or just take print out of pdf (for L3 specifically) ?
Use the pdfs I provide - which are what is written on the screen - and just add your own written extra notes to them.
The enrollment has dropped in half compared to 2018 and 2019.
dr mark pls tell if u recommend to take print out of eocqs and blue box examples, i m taking L3 lectures from you
I don't see why you need print outs - unless you don't like looking at them digitally.
Hello Dr. Mark, just passed level 1 exams through your lectures. For Level 2, I was thinking of applying for the Access Scholarship for the Nov 23 exams. So can I buy your level 2 package right now, as I will get the confirmation of the scholarship only after a little while? I want to start the preparation ASAP.
Your L1 results should be enough to allow purchase of L2.
Hi Mark! Do you have anything to say to someone who did not pass, was prepared and the passing was about one/ couple of points away. It was so close so I struggle to find the motivation to do it again, as I was excited about moving into the level 2. Also I was wondering if you think adding Python on 2024 will affect the passing rates of November? (People who are not fans of programming wanting to do the ex before it changes).
Many thanks.
If you were that close, you don't need a lot of time - look at Aug. If you want a lower cost, take November, and that gives you a few months off - you have until May 10 to get the early registration amount. As for Python - you don't have to do that module - you can do the financial modelling one - you only need one - it is not testable. ChatGPT can generate Python code for you - no need to learn it.
@@MarkMeldrum are you settled with chargpt or it was a bit of irony smuggled in?
No - I have used it to generate code to take currency quotes from daily fx.com
I'm having a rough time going thru the prerequisite material of Econ.. Any advice?
Skip it - they are not testable and they are just Pre-reqs. Move right to the Econ section.
@@MarkMeldrum thank you sir 💙
Do you think now until the November exam is enough time to prepare for it with an average of 12-15 hours of studying each week? For the average person.
Was planning on using your course and the CFAI material
That should be a good pace. You can always increase over time if you feel you need to.
Hello mark, I don’t have any degree nor financial school. But I have been a retail currency trader going on a year now. I have purchased all the levels to gain the pro knowledge. Will going after the CFA help me. I want a job, doing this kind of work, so what is best for me, I really don’t want to pass the test I want to really know this work
You can learn anything without needing a formal certification. However, the CFA letters are a market signalling device - they let others know that you know it. So if you feel you will need that legitimacy, then that is what the exams are for.
I studied for level 1 in about 10 days and miraculously passed at about 88th percentile for the Feb 23 exam 😅will try to implement a proper learning schedule for level 2 this year
Did u have any kind of prior experience in the field?
Whenever I speak to prospective/existing CFA candidates, the topic of study hours inevitably comes up. And I will remind that the CFA exams do not test you on number of study hours but mastery of the curriculum. So the proper aim should be 80% score in mocks - 70% is the guaranteed passing score + 10% buffer for exam day conditions.
Using your example, you probably would get 95% in mocks which demonstrates complete mastery of the L1 content. I don't see anything wrong with your method if I works for you
@@Nigel3005 on the contrary my prep for the exam was a very last minute attempt lol. I fully expected to fail the exam and retake it at a later date. I was quite overwhelmed with the amount of content and practice and did not have time to do mock exams properly. I was actually going through questions and answers simultaneously to be exposed to as many question types as possible. Would not recommend my approach to anyone lol.
@@TyrannicToe56 please can you tell me did u have any finance related work or study experience prior to the exam? Since i have reserved 34 days for my may 2023 attempt with minimal finance related knowledge
@TyrannicToe oh wow. Hahaha you must be very smart then if you could learn while doing mocks - mocks are usually used to solidfy understanding as opposed to initial learning. Otherwise, you probably have a very good finance background. Well done either way! 👏
If you register for an exam and don't sit for it and don't defer it, does that count towards one of your 6 attempts?
No it does not.
Not thrilled with the proposition of python starting in 2024 and not needing it in the lvl 1 2023. Going to be difficult to play catch up i feel
Ask ChaptGPT to generate your python code for whatever it is you need done.
@@MarkMeldrum lol based mark