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11/03/2014

Eight Facts You May Not Know About the CFA Exams


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There are a lot of things you learn while taking the CFA exams. Some time back, Zee's written 20 points you should know about the CFA exams, especially if you're new to it.

And today I'll try and add on to that, adding eight more facts that certainly even candidates may not know. I must admit - I only knew about fact #7 before I started this article!

If you've got any to add to the list, don't forget to drop them in the comments below.

1. About 1 in 20 candidates will miss the start of the exam, despite already being in the test center.

During exam day, the doors close 30 minutes before the actual exam starts. This is to ensure all candidates are properly settled in, calculators and belongings checked, and ready to open the test booklet at the set time.

However, many candidates, despite already being at the exam center, either misjudge or are not aware of the closing time, and end up waiting to be let into the exam hall, which will only happen after the first 30 minutes have elapsed.

Don't let it happen to you!

2. Early candidates weren't allowed a calculator.

Up to 1975, you weren't allowed a standard calculator in the CFA exams. Candidates originally had to make do with a slide rule (I had to it look up). Then you could bring an electric calculator, which unfortunately needed to be plugged into a wall outlet, so many candidates didn't bother.

Treasure your TI BAII Pluses and HP 12Cs, people.

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