What are you allowed to bring to CFA?

For the CFA exam, you must bring a valid passport, an approved calculator, and optionally, a clear water bottle (no label), a face mask, and layers of clothing, while strictly leaving behind all study materials, writing tools, phones, bags, and food/non-water drinks, as these are prohibited in the exam room.

What are you allowed to bring to the CFA exam?

Calculator cases, keystroke cards, and loose batteries. Eyeglasses (without the case) Additional personal items allowed in the test center (PDF) Valid international passport.

Can I bring my phone to the CFA exam?

If you bring your phone into the test center, please be sure to shut it off and put it in your bag before you enter the test room. Your bag will be kept in a designated area outside of the test room. You may turn it back on during the break and when both sessions are completed.

Can you chew gum in the CFA exam?

Water in a clear glass is allowed during testing; however, eating, smoking (including electronic cigarettes,) and chewing gum are prohibited.

Is there any dress code for the CFA exam?

Dress for comfort

There's no official dress code, but dressing in layers will allow you to adjust to the room temperature and remain comfortable during the exam.

What Do I Need to Bring with Me on the CFA® Exam Day?

What is the 3-3-3 rule for outfits?

The "333 rule" in clothing refers to two popular minimalist fashion concepts: the 3-3-3 Styling Method, choosing 3 tops, 3 bottoms, and 3 pairs of shoes for versatile outfits, and Project 333, a larger challenge to wear only 33 items (clothes, accessories, shoes, outerwear) for 3 months. The smaller 3-3-3 method focuses on creating many combinations from few items to simplify dressing, while Project 333 is a broader minimalist lifestyle challenge to reduce wardrobe size. 

Is 67% enough to pass CFA?

A 67% score is generally considered strong and likely enough to pass a CFA exam, especially if you have strong scores in key weighted topics, but it's not a guarantee as the Minimum Passing Score (MPS) varies by exam difficulty, with experts recommending aiming for 69% or higher (e.g., 70%+) for a comfortable pass on Level 1 and Level 2 to be safe. While 67% is above the historical average for some levels (like Level 2's 66% average), the MPS can fluctuate, so focus on strong performance across all areas, especially weighted ones like Fixed Income or Ethics. 

Is 60% enough to pass CFA level 1?

Yes, you can potentially pass CFA Level 1 with a 60% score, as the CFA Institute doesn't have a fixed percentage; the Minimum Passing Score (MPS) varies, sometimes allowing a pass around 60-65% when exams are tough, while other times requiring 70%+ for an easier exam, so aiming higher (68-70%+) is safer, but 60% isn't an automatic fail. 

Is 35 too late for CFA?

Average Age of CFA Candidates

Although many candidates are in their late twenties or early thirties, the Program has a wide age range. Many begin at 35, 40, or even 50. Some of the most thoughtful, determined candidates are the ones who start later. Experience is not a burden.

Can I bring a snack to the CPA exam?

Misconduct and Prohibited Items During Testing

Did you know that you can't wear a watch or a fitness tracker in the testing room? Food and beverages aren't allowed in the testing room, either. What about a phone purse, or wallet? Those items aren't permitted in the testing rooms.

Is 70 enough to pass CFA level 1?

The CFA Level 1 passing score is not fixed every year, but it usually stays between 65% and 70%. CFA Institute does not publish an official cut-off, but this range is considered the minimum benchmark to pass.

How early should I arrive to the CFA exam?

CFA Institute recommends that you arrive 30 minutes prior to your scheduled appointment.

What if I lost my passport before the CFA exam?

If you are unable to secure your passport before your scheduled exam and wish to request an exception, email [email protected] and include: A color scan of the front cover and data page of the document you wish to use, or. The specific name of the document if it has not yet been issued.

Can I bring a backpack to my CPA exam?

You must place personal belongings, such as a purse or cell phone, in the storage lockers provided by the test center. The lockers are very small and are not intended to hold large items. Do not bring anything to the test center unless it is absolutely necessary.

What is the best thing to do a day before an exam?

What to do the night before an exam

1. Stop revising. You might be tempted to cram in some revision the night before your exam, but realistically, you're not going to learn anything new at the last minute. ...
2. Practice some positive affirmations. ...
3. Do something that makes you feel good. ...
4. Eat a balanced meal. ...
5. Get a good night's sleep.

Does CFA give scrap paper?

Depending on your testing center, you may be provided with an erasable writing tablet instead. To get additional scratch paper, you must use all available sides on the one previously provided to you. These items must be returned at the end of the exam (not at the break).

Does JP Morgan hire CFA level 1?

For investment banks like JPMorgan or Morgan Stanley, CFA charterholders can leverage analytical prowess, particularly in client-facing positions where technical precision matters. In firms like EY and PwC, CFA can make professionals stand out in valuation, due diligence, and merger advisory engagements.

What is the 7 5 3 1 rule in SIP?

The 7-5-3-1 rule for Systematic Investment Plans (SIPs) is a long-term investing guideline: 7 years to stay invested for compounding, 5 categories to diversify across (e.g., large-cap, mid-cap, international), 3 emotional phases (disappointment, irritation, panic) to overcome during market downturns, and 1% annual increase to your SIP to fight inflation and boost growth. It's a framework for discipline, risk management, and consistent wealth building in mutual funds.
 

Can I say I passed CFA level 1?

If you are currently a candidate in the CFA Program:

Include your participation in the CFA Program in the education section of your resume. (For example: “CFA® Program participant, CFA Institute.”) You may also list the levels completed. (For example: “Completed Level I in 2020.”)

Is CFA harder than CPA?

While both are tough, the CFA is generally considered harder due to significantly lower pass rates (around 13.5% for all levels) and much greater study time (300+ hrs/level vs. 80-120 hrs/section for CPA), requiring mastery of vast financial concepts, whereas the CPA (around 50% pass rate) focuses more on accounting principles and has fewer, though still demanding, sections (4 parts) with generally higher passing chances. The difficulty depends on your background: the CFA tests new, broad finance topics, while the CPA covers a breadth of accounting areas, making each challenging in different ways. 

How many people fail CFA level 1?

CFA Level I Pass Rate Stays at 43% for November Test

Candidates who put off taking the test have a smaller likelihood of success. Those who took the Level I exam in November with at least one deferral saw a 29% pass rate, compared with 49% for first-time candidates, the CFA Institute said.

Did CFA remove the 90th percentile?

The 10th and 90th percentiles were removed from the report because we have added scale scores. Scale scores add more precision to your results interpretation. The 10th and 90th percentiles only provide a comparison of your result against other candidates in the same administration.

Is CFA level 2 very hard?

The second level is sometimes considered the toughest of the three in the CFA exams. It contains harder questions that call for in-depth application of financial theories.

What if I fail in CFA level 1?

The CFA Institute lets you register for another sitting as early as the next cycle. However, be aware that you must pay the exam fees again. Yes, if you fail CFA Level 1, you do have to pay again. That's why taking the time to prepare better this time matters.