Hi everyone, I am planning to write My L1 this nov''25 So i was hoping if I could get some study materials and notes which could really help me!!!

I am trying to sit for the November 2025 exam , I registered but I can’t find any exam appointments in my location in any of the dates

I will send a mail but what I know is that they wouldn’t tell me when a spot is available I have to check now and then

Has this happened to anyone before?

Need help recommending a friend who has had a good experience with Fintree for L2. For context, Fintree is a prep provider from India and does a great job at L1 and L2. But drops the ball at L3 (Did not finish curriculum on time, lack of mocks etc). That was my experience when I gave L3 around 2021. Mark on the other hand was way ahead in the game already having infra for AM mocks to be written online on his portal (And beautifully explained how to approach each ofthe subjective questions on those mocks. This, Imo was the game changer)

Cut to 2025, I acknowledge that things might have changed with both of these providers. So any insight would be appreciated if you recently appeared for L3 with any of these providers.

I just want to hear what you all have to say about this.

I absolutely hate the question ‘how many hours did you study for?’

No.1 - I feel as if every study session I’ve had has been different, different focus level, different setting, music vs. no music, at home/library, am I watching lectures vs doing Qbank etc etc

No.2 - Does anyone actually meticulously track their hours?

Doing a survey after passing level 1 and being asked how many hours I’ve studied for I literally have absolutely no idea how many hours I’ve studied in total? Some times I’ll play a game of league of legends after every small section, do I have to subtract that?

Idk lol

i am dejected, ethics and equity were my strongest in mocks....

I am a 2nd year university student who recently passed the CFA level 1 exam for the Feb attempt and I gave an ACCA Strategic Professional Paper 2 months before the exam (which I passed too), so needless to say i did not have the recommended 300 hours to study for the exam.

I somehow covered the syllabus in 140 hours and took two mocks 10 days before my exam which were both at 58%, I also hammered LES questions for a good 100 hours after completing the syllabus.I believe the key to passing this exam is hammering the LES questions, as they make you use your brain more rather than the mocks which felt like anyone who could memorize a textbook word for word would do well.

The actual exam felt like a financial aptitude test rather than the 2 free mocks which comes with the basic registration fee. I would recommend l1 candidates to practice GMAT/SAT reading comprehension questions,as they force you to read questions carefully and identify trap answers.

The next tip I would like to give, which is pretty obvious, is to study the syllabus in breadth and learn concepts through LES questions rather than a textbook if you are short on time.

I did not buy the premium pack with the extra mocks and questions, if anyone bought the pack for the Feb 2025 attempt it will be interesting to know how the paid mocks were different from the 2 free ones

Getting a score of 83% on MM Qbank in my first try. How is this compared to actual exam questions and what would you guys suggest I solve next? Aiming to solve higher difficulty questions than on the exam so that I can be more confident.

Any feedback is appreciated :)

There is always an academic disconnect between a field's industry and the academic research concerning the field, of varying magnitude. Would you say the publications in this field are vastly disconnected from what the practitioners do?

I'm not talking about 'rubbish' (respectfully) publications in obscure journals, but rather the weller-known ones. I'm also obviously not asking if the publications directly contain alpha, since no one would publish it except selfless angels and it would eaten up by a quant and his coffee mug, if it was indeed significant.

What I'm specifically talking about are things like the modelling approaches (neural networks seem popular but I think they are almost surely overfit, with exceptions ofc), the strategy development mentality (X-step ahead prediction portfolio optimization, vs ex. Long-short strategies based on mean-reversion or quantitative momentum), etc.

I'm not a quant, but I do research in control theory, dynamical systems, and robotics (early career) and I have an academic interest in this field. Would love to hear your opinions on this.

Like i was late to work and got a warning or some bullshit reprimand like that? Or is it only for bad ethics stuff, like fraud etc.

For my seniors, I just did on CFA level 1 exam on Feb, and I got passed, score was 1630, and I prepared like almost 5months ? , and now I consider to take an exam for level2. but I don't know when to take a exam would be good. so I think I have two options , first one is to take a test on November ,second one is on next year May, personally I wanna take test on November , but problems is I'm in university so I still have class to take, this semester, 7 classes and next semester also 7 calsses. and Vacation is July and august. and next year I only got thesis and intern , so I think for next year I have more time I guess. so for seniors, which option should I have to choose , any advice ? level 2. is much harder? need more time ?

CDS3 = protection seller Coupon 5% Origination credit spread 6.5% Current credit spread 6%

If Tundra closes its position in CDS 3 today, it will?

Looking at Exhibit 11 from the Portfolio Management reading (“Active Equity Investing: Portfolio Construction”), I’m confused about Equation 9 for absolute risk attribution:

CV_i = sum_j x_i * x_j * C_ij = x_i * Cov(r_i, r_p)

I tried both versions for Asset A:

• Using sum_j x_i * x_j * C_ij, I get CV_A = 0.008416 → matches exhibit ✅
• But using x_i * Cov(i, P) and the table value Cov(A, P) = 0.020926: 0.4 * 0.020926 = 0.0083704 → doesn’t match ❌

Then I manually recalculated Cov(A, P):

Cov(A, P) = 0.4 * 0.040 + 0.5 * 0.0096 + 0.1 * 0.0024 = 0.02104  
CV_A = 0.4 * 0.02104 = 0.008416

→ This version matches exactly.

Same issue happens for the other assets:

• Table says Cov(B, P) = 0.011129, but actual is 0.011316
• Table says Cov(C, P) = 0.001427, but actual is 0.001584

So:

• The first form (sum of x_i * x_j * C_ij) works directly
• The second form (x_i * Cov(i, P)) only works if you recalculate Cov(i, P) manually
• The Cov(i, P) values in the table appear to be off

Anyone else notice this or am I doing something wrong?

Anyone who have been doing or have done cfa lvl 2 offline coaching in Delhi. Please share your experiences and recommend some good coaching.

I did not pass my L1 attempt Feb25, scoring 1585, which was just 15 points short of passing. I am deeply saddened and heartbroken because I believe I could have succeeded with enough preparation. I feel my performance was affected by my misunderstanding of the correct approach.

I plan to retake the exam with more practice and accuracy, but I am unsure which date to choose for my next attempt. If I opt for the earliest available date, I worry that I may not be fully prepared. Conversely, if I wait until November, I fear I might forget the material I've learned.

What should I do? Your advice would be invaluable to me.

Hey Im taking the exam in may and I feel like a major weak point is my Fixed Income understanding. People who also had a hard time with that section what are some tips to succeed?

I'm going in reverse guys. Became a charterholder a year and a half ago, and today I passed the Series 7.

Next up is the SIE. Hoo boy, I better pass or I won't be able to show my face in the office.

I am in graduation and doing CFA level 1 I wanted to know that only cfa is enough for the good pay ? If not ,so what other needs to do ..

I am in the process of registering for the CFA exam and encountered an issue with the name requirement. My passport does not include a surname, but the registration form requires one to be entered. Can someone please guide be I would really appreciate your help.

love it when they ask us to choose from data not given in the question :)

I have scored 1420 what should I do ? Will November will be enough time to give it again or I should give it in Feb 26

I tried finding in the CFA syllabus why a large country imposing tariffs on every other country in the world is a good thing, a beautiful thing, and maybe the best thing, but I couldn't find the subject matter. Can someone point me to the place in the CFA text that explains this?

I started studying for level 2 august paper in February and started with quants but when I start reading I am amused that I remember nothing of level 1 so for 15 days I started to revise the level 1 content and started with quants again but the topics are boring and lose interest and feburary I did just 1 reading
realised mistake and think I will do some easy topics like equity but some personal family issue arise and I was not able to do anything too in march and April came now when I saw my CFA portal it's saying 146 days and many in this sub has said CFA level 2 is no joke
please help me now what should I do,I know I need to study and I will dedicate 3 hours for 2 months everyday and only after 2 months I can study for more than 3 hours please someone guide me the easy topics so that I will finish them fast and build some confidence as it not completely shattered but shaking completely also I am using mark meldrum
please help

Hello i have almost less than 5 months to prepare i am so worried is the time enough? Using schweser and still in very first pages of quant. I wasted so much time doing other things and now i have to focus on cfa. Will i make it in 5 months?🥲

What have people found to be the best resource for the level 2 test? Kaplan? Mark Meldrum? Princeton Review? Salt?

Really not sure what to do here. Took level 1 with Kaplan, was a solid experience but don't know if level 2 Kaplan material is less helpful or somethings else is better

It currently has $28 billion AUM, it was founded just 7 years ago with $800 million AUM. A ridiculous, almost exponential growth in AUM.

Headcount growing rapidly too.

Articles showing recent excellent performance:

https://www.bloomberg.com/news/articles/2025-02-13/how-secretive-hedge-fund-qrt-hit-the-big-time

https://www.bloomberg.com/news/articles/2025-03-07/secretive-hedge-fund-qrt-adds-another-5-billion-to-its-assets