{"id":3866,"date":"2019-09-16T00:00:00","date_gmt":"1970-01-01T00:00:00","guid":{"rendered":"http:\/\/34.239.104.200\/?p=3866"},"modified":"2026-02-17T10:20:38","modified_gmt":"2026-02-17T10:20:38","slug":"how-pass-cfa-level-1-exam-first-attempt","status":"publish","type":"post","link":"https:\/\/analystprep.com\/blog\/how-pass-cfa-level-1-exam-first-attempt\/","title":{"rendered":"How I Passed the CFA Level 1 Exam on the First Attempt"},"content":{"rendered":"<p>If you are reading this post, there is a high chance that you are a level I candidate just like I was a few years back. You are also probably a fast learner and an ambitious young professional like most of the candidates. The thing is, as you might already know, only about 45% of your study colleagues will succeed on the\u00a0battlefield that is the CFA level I exam day. And yes, you want to be part of it. Here are a few useful tips on how I managed to succeed while having a full-time occupation.<br \/>\nLet\u2019s begin with the most important point; there is no magic trick here. In order to increase your likelihood of success, you need to work! Hard! Of course, we all start at a different step on the ladder and you need to know your strengths and weaknesses even before opening the books. Some of you have a business background while others are engineers or even lawyers. I personally have an accounting background and that, I believe, made the study process A LOT easier. On the other hand, I barely remembered undergrad concepts of macroeconomics or fixed income, English is not my native language and I had never worked with US GAAP. \u00a0 Therefore, I knew in advance that some chapters like ethics or economics would be a challenge for me and I knew I had to get those chapters done first.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"8ov7W8uOnQ\"><p><a href=\"https:\/\/analystprep.com\/shop\/all-3-levels-of-the-cfa-exam-complete-course-by-analystprep\/\">All 3 Levels of the CFA Exam &#8211; Complete Course offered by AnalystPrep<\/a><\/p><\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;All 3 Levels of the CFA Exam &#8211; Complete Course offered by AnalystPrep&#8221; &#8212; AnalystPrep\" src=\"https:\/\/analystprep.com\/shop\/all-3-levels-of-the-cfa-exam-complete-course-by-analystprep\/embed\/#?secret=wRGI7gvkTH#?secret=8ov7W8uOnQ\" data-secret=\"8ov7W8uOnQ\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p><a style=\"display: block; margin: 20px 0 28px; padding: 14px 18px; border: 2px solid #2563eb; border-radius: 12px; text-align: center; color: #2563eb; text-decoration: none; font-weight: 500; font-size: 15px; background-color: #ffffff;\" href=\"https:\/\/analystprep.com\/free-trial\/\" target=\"_blank\" rel=\"noopener noreferrer\"> Practice key CFA Level I topics with free exam-style questions. <\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/analystprep.com\/blog\/how-pass-cfa-level-1-exam-first-attempt\/#Ethics_%E2%80%93_CFAI_Books\" >Ethics \u2013 CFAI Books<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/analystprep.com\/blog\/how-pass-cfa-level-1-exam-first-attempt\/#Financial_Reporting_and_Analysis_%E2%80%93_Practice\" >Financial Reporting and Analysis &#8211; Practice<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/analystprep.com\/blog\/how-pass-cfa-level-1-exam-first-attempt\/#Economics_%E2%80%93_Visualize\" >Economics \u2013 Visualize<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/analystprep.com\/blog\/how-pass-cfa-level-1-exam-first-attempt\/#Quantitative_Methods_%E2%80%93_A_Useful_Tool\" >Quantitative Methods \u2013 A Useful Tool<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/analystprep.com\/blog\/how-pass-cfa-level-1-exam-first-attempt\/#Then_what\" >Then what?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Ethics_%E2%80%93_CFAI_Books\"><\/span><strong>Ethics \u2013 CFAI Books<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>I think Ethics is the only chapter that you HAVE to read carefully, especially if you are not a native speaker. It is known for a fact that it\u2019s really hard to pass the exam when failing the Ethics portion of it. You definitely don\u2019t want to begin with two strikes! Plus, and this is not negligible, these are the first questions you have to answer when you sit. You really don\u2019t want to lose a fight at the beginning of the day. Don\u2019t forget the mind game here; you need to start the day as a warrior. For these reasons, I suggest a whole week of reading and practice for this chapter. Don\u2019t stop until you are comfortable with the questions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Financial_Reporting_and_Analysis_%E2%80%93_Practice\"><\/span><strong>Financial Reporting and Analysis &#8211; Practice<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Without a doubt, Financial Reporting and Analysis is the \u201cfinal boss\u201d of the curriculum. You don\u2019t want to keep this chapter for the end or you might end up not being able to sleep before the exam. In my opinion, there are no hard concepts but only an impossible amount of small details to remember. This is why I suggest another strategy here; start right away with practice questions and adjust the method based on your results. Get an idea of what you need to learn or improve and read only the chapters that are necessary for you. This will save you a lot of time and I believe this is the most efficient manner to learn many concepts in a short period of time.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Economics_%E2%80%93_Visualize\"><\/span><strong>Economics \u2013 Visualize<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Here, don\u2019t hesitate to draw while practicing. Many of the concepts covered are a lot easier with an image next to the definition and the key in this chapter is to\u00a0UNDERSTAND\u00a0what you are doing. If you do, they can\u2019t trick you. Don\u2019t hesitate to Google the LOS and find a Website that fits your learning habits. You can easily find a good explanation of every concept here on AnalystPrep, on Investopedia, and on different university pages. Again, you will save a lot of time by following this simple trick.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Quantitative_Methods_%E2%80%93_A_Useful_Tool\"><\/span><strong>Quantitative Methods \u2013 A Useful Tool<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The reason why I suggest to go through the quant section so early is that you will need the tools discussed in the chapter. If you understand and master the concepts and examples provided here, the job is half done for the next chapters.<\/p>\n<p>Before continuing, let\u2019s do some basic quant:<\/p>\n<p>18 + 24 + 12 + 14 = 68; 68\/120 = 57%<\/p>\n<p>You already studied 57% of the exam, mastered the tools to understand a major portion of the remaining chapters, and cleared the 4 first sections of the exam. If you reach this point and still have a few weeks to go, you\u2019re in a really good position to nail the exam. Congrats! If not, don\u2019t worry, just apply these simple tricks and fight until the end.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Then_what\"><\/span><strong>Then what?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Spend a few days per chapter and perform A LOT of practice questions. As soon as possible, try some mock exams and don\u2019t forget to time your performance. Learn how to use your calculator and try to understand the formulas you need. Most of them shouldn\u2019t have to be learned by heart when the concept is mastered properly. Practice, practice, practice! After work, after dinner, during the weekends.<\/p>\n<p><em>Any questions or comments about the exam or your study plan, don\u2019t hesitate to contact me:\u00a0mathieu.valois@analystprep.com<\/em><\/p>\n<p><em>Mathieu<\/em><\/p>\n<div style=\"text-align: center; margin-top: 32px;\"><a style=\"display: inline-block; padding: 16px 40px; background-color: #2563eb; color: #ffffff; text-decoration: none; border-radius: 14px; font-weight: bold; font-size: 17px;\" href=\"https:\/\/analystprep.com\/free-trial\/\" target=\"_blank\" rel=\"noopener noreferrer\"> Start Free Trial \u2192 <\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>If you are reading this post, there is a high chance that you are a level I candidate just like I was a few years back. You are also probably a fast learner and an ambitious young professional like most&#8230;<\/p>\n","protected":false},"author":2,"featured_media":6176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[70],"tags":[],"class_list":["post-3866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cfa","blog-post","animate"],"acf":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/posts\/3866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/comments?post=3866"}],"version-history":[{"count":5,"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/posts\/3866\/revisions"}],"predecessor-version":[{"id":14012,"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/posts\/3866\/revisions\/14012"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/media\/6176"}],"wp:attachment":[{"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/media?parent=3866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/categories?post=3866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/tags?post=3866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}