If you don't pass the CFA exam, review the exam results and the performance summary included with your score. Candidates must reevaluate their curriculum and enroll in a CFA preparation course. Along with a strategic study plan, you'll need a strategic plan for taking the exam, which incorporates the structure of the exam. Nobody likes to fail an exam, but given the difficulty of CFA exams, it's the norm and not the exception.
Very few candidates pass all three CFA exams on their first attempt. The CFA Institute estimates that it takes four years for the average successful candidate to complete the CFA Program. Therefore, failing one level, if not two, makes you an average candidate. It is difficult for most candidates entering the program to accept this. Most people who enter the program are people who fly a lot and have passed most, if not all, of the tests they have taken in the past.
As one candidate recently said: “I don't like failure. As recent CFA pass rates suggest, passing all levels of the CFA exam is the exception and not the rule. The first step in dealing with the failure of the CFA exam is to accept it. Many candidates fail this exam and feeling sorry and disgusted about it doesn't solve the problem.
Instead, focus on how you'll recover from failure. With the CFA qualification, you can plan how to make a great career in the finance and investment industry. Since the CFA letter is widely considered to be the reference standard among the investment community, it is not surprising that the great difficulty of the exams causes most candidates to fail at least once. Considering the difficulty levels of CFA exams, not passing them should not dissuade you from moving forward.
Before deciding when to retake the CFA exam, evaluate your experience with respect to previous exam preparation. Keep in mind that, whether you pass the CFA exam or don't pass it, Kaplan Schweser is here to help you every step of your process to become a CFA certification holder. Exam Success has a variety of preparation options for the Level I, II, and II CFA program to help you pass the qualification you have passed in record time and with less headaches. While the CFA Program curriculum changes every calendar year, much of the knowledge you gained in the previous exam will still be relevant to your next exam attempt.
If you have decided to continue with the CFA qualification, the time has come to analyze the performance of your last exam. CFA Institute preparation providers are prohibited from including official mock exam questions or any other question other than the final reading question in their products and services. Employers across the global financial sector expect job seekers to be CFA certified. Read “How CFA relates to financial modelling” to learn more about financial modelling as an alternative to CFA.
According to the CFA Institute, CFA results for levels 1 and 2 are available 8 to 10 weeks after the close of the exam period. Many of these courses help strengthen the foundation for the CFA exams (if you intend to take the CFA exams). later).
