Location: California
Age: 32
Profession: Financial Consultant, Assistant to two CFPs
Score: Not sure, but she passed!
College major: Marketing, currently working on a master's degree in financial planning
Holds Series 6 and 63 and California insurance licenses.

Study Method
Vicki used study guides and met twice a week for three to four hours in a classroom setting. Vicki studied for about two months prior to the exam. She was scared going into the test, as several competent people from her firm had previously failed on their first attempt!

Exam Question Recall
While Vicki could not remember any specific questions on the exam, she did recall that it was very tough. She had the most difficult time with the legal specifics. In addition, she felt that the exam covered much of the USA very particularly and concluded that it would be a good idea to read the entire USA itself. [Note from author: the USA is roughly 180 pages and is really not complicated reading. If you have time to plow through the act, it is probably a good idea to do so. The one problem is that the act's text makes many references to other securities acts (requiring you to read the other acts as well), which complicates reading the USA.]

Vicki felt that the materials she used were very accurate, although nothing in the materials was on the test word for word.

If She Could Turn Back Time...
She would have taken more quizzes and listened to audio tapes!

Final Words of Advice
Study the test topics and go through the quizzes in the book. Do not read the book from front to back, just study highlights, and then do the practice quizzes at the end of the sections. She was doing well on the practice quizzes, 80%, as she recalls.

She also says, "Most people don't study enough because they think it's easy."


Related Articles
  1. Financial Advisor

    How Hard are the CFA Exams?

    Learn about the difficulty of the CFA exams with a description of the tests, some statistics on pass rates and suggestions that can help you pass the exams.
  2. Personal Finance

    How to Ace the CFA Level I Exam

    Prepare to ace the CFA Level 1 exam by studying systematically.
  3. Personal Finance

    Prepare For Your CFA Exams

    Find out how to get yourself ready for these lengthy and often daunting exams.
  4. Financial Advisor

    Pass Your CFA Exams on the First Try

    Become one of the elite who pass these exams by using these simple study methods.
  5. Financial Advisor

    Tips on Passing the CFA Level I on Your First Attempt

    Obtain valuable tips and helpful study instructions that can help you pass the Level 1 Chartered Financial Analyst exam on your first attempt.
  6. Investing

    CPA Exam Tips

    Tips for the CPA exam - how to approach it, what to expect, and the time it takes to complete.
  7. Personal Finance

    What To Expect On The CFA Level I Exam

    Becoming a chartered financial analyst requires the passing of three grueling exams covering an array of topics.
  8. Financial Advisor

    A Look at 6 Leading Female Value Investors

    In an industry still largely predominated by men, we look at 6 leading female value investors working today.
  9. Financial Advisor

    Introduction To The Series 65 Exam

    The Series 65 is required in many states in order to be a fee-based advisor. Find out what it is and whether you need it.
  10. Personal Finance

    7 Outstanding Female Investors

    Here are seven women who outperform their male counterparts in the business world.
Frequently Asked Questions
  1. Depreciation Can Shield Taxes, Bolster Cash Flow

    Depreciation can be used as a tax-deductible expense to reduce tax costs, bolstering cash flow
  2. What schools did Warren Buffett attend on his way to getting his science and economics degrees?

    Learn how Warren Buffett became so successful through his attendance at multiple prestigious schools and his real-world experiences.
  3. How many attempts at each CFA exam is a candidate permitted?

    The CFA Institute allows an individual an unlimited amount of attempts at each examination.Although you can attempt the examination ...
  4. What's the average salary of a market research analyst?

    Learn about average stock market analyst salaries in the U.S. and different factors that affect salaries and overall levels ...
Trading Center