You FAILED the February 2024 CFA Level 1 Exam (44% Pass Rate Result) - How Can You FIX It Next Time?

okay ladies and gentlemen another update Nathan Ronin CFA here with an update for those candidates who are level one candidates that took the exam in February 2024 and just got their results today and did not unfortunately pass this is dedicated to you if you'd like to continue receiving these updates and hear them and and know about them please press the Subscribe button now and the notifications button so that you are on top of developments in the CFA World okay well I'm just going to be honest a 9% higher pass rate than November 2023 it was a 44% pass rate again not in your favor because it's not over 50% um and you know obviously 56% of the people didn't pass the exam hopefully you know it won't happen again to you now the question you need to do right now is after you have sort of you know accepted the result and you know you're not going to be able to post that you passed on LinkedIn or some other Forum or you're not going to be able to celebrate should you exit the CFA program is this program for you absolutely not you can't just because you studied just because you thought you passed just because you put in the time doesn't mean that you automatically get the result that you wanted now I'm not trying to be condescending here I'm not trying to be funny and I'm not trying to put you in your place that's not not my job that's somebody else's job what I will tell you is you're going to find the same thing in the real world you are doing a great job your boss likes your work you're putting in the hours um your colleagues like you and then there's a promotion coming and you don't get it does that mean you should leave the company for some people yes but for most people they realize that hey you know life isn't always fair I don't always get what I want I got to try harder and if it really was personal then obviously there's a decis that has to be made but usually it's not personal same thing here with the pass rate it's not personal nobody knew it was your paper nobody deliberately failed you okay that was not the case so what do you do you get back onto your horse after you've had a couple days to you know fix the wounds and Patch them up from the ego that you know of not passing because you're probably used to passing every exam you take that you study for I know that's the way I was when I was a candidate and didn't pass level two the first time so I do understand your um disappointment but that's all it is it's really disappointment this is not the end of the world this is not an incurable disease this is an exam and you got to put it into perspective if you and nobody nobody nobody if you pass the level one next time and level two and level three nobody's going to ask you hey did you pass level one on your first try you're not going to be discussing that everybody's just going to look and say you have the charter that's it so Nathan what do you advise me to do I advise you to stay in in the game I don't advise you to quit yeah but Nathan you're a prep provider you if I buy your material then I stay in the program then you make money for of course I do but that's not the reason to keep you in the game the keep you in the game is because you have a career aspiration you have a goal you're not going to be able to achieve that goal so what do you do you just give it up and throw it away no you say hey the charter is a goal it's a career aspiration I didn't get through on the on on level one the first time or whatever the second time or maybe even your third time and I'm just going to try again but this time I'm going to do something different so number one first thing I would do is take a day or two off relax you know maybe uh you know have a nice dinner or have a nice you know uh activity with some friends or something get into better spirits and I would sign up for the November 2024 level one exam I would sign up again for the level one 2024 no I would not sign up for August um I think that that is in my opinion going to be a again a crunch for you a little bit I mean if you can't take it in November then that's the second best choice is August but you have August and November left for you so I would definitely take it in November um You probably will pay a lower fee as well and you'll have a little bit more time to study and this time you're going to do it correctly and you're going to study correctly and you're going to do it with a structured approach you know why CU you're going to join me you're going to get onto my website you're going to sign up for me on my level one that we're doing a big promotion for right now and we're going to have that study plan session and you're going to see what you did wrong the first time or whatever was the second time that you took the exam and we're not going to repeat that mistake and you're going to pass in November and we're going to get you into level two that's my goal and if you follow what I'm asking you to do I see no reason for you not to pass the exam unless you want to take all of these shortcuts and do all kinds of you know uh circuitous manners of studying for the program that will just tend to re reduce your time but at the same time not give you the result that you want so again step one sign up for the November exam sign up with me at chalken board.org that's c h l k n a n d board b o a r d That's chalken board.org and then we're going to get you a study plan session that's structured focused and with a strategy and you are going to cream that exam in November or if you have to do it in August I'll get you through it in August as well but I'd rather see you do it right and do it correctly for November but again if you can't do it in November August do not leave it for February 2025 that is way too far away you don't need a year and a half to study for this exam you don't need that kind of time you just need to have a structured correct approach and you need to have an instructor who's going to be a mentor to you he's not going to just say oh thank you for buying my videos bye and he's actually going to be there for you step by step through the process so that you can pass this exam and that you are happy and that you know that you have the support you need and deserve and that you can contact your instructor so with that said I get a great sales pitch for myself there but again I'm very sorry and disappointed to hear you didn't pass but it's not the end of the world and let's get you through this and let's be positive and get this done in November or if you have to in August have a great day don't read into your scores too much oh and by the way the think oh well I was really close to the minimum passing for you failed move on you just fa you you the people taking the exam in August and November are not going to be the same people taking it with you in February so you can't say that you're going to get the exact same scores or better or pass if you just improve this or improve that whatever you did last time didn't work let's make something that works see you soon bye

Channel: Chalk & Board

Views: 852

Keywords: cfa, cfa program, cfa exam, cfa level 1, cfa level 2, cfa level 3, ronen methodology, cfa mock exam, cfa prep, cfa study, best cfa study material, best cfa mock exam, how to pass cfa, best cfa prep material

Id: ymlX37eIZvc

Length: 6min 41sec (401 seconds)

Published: Thu Apr 04 2024