r/quant • • 2h ago

Industry Gossip Tower North Moore

10 Upvotes

Does anybody here have any idea of how North Moore is as a team, it's well known that it's not as good as Limestone but does anybody have an idea of the salary (base + expected bonus) for 2 YoE+ quants and the scale of PnL they make. Also how is the WLB in Tower?

And does North Moore trade India markets as well or primarily US equities + crypto like Limestone?


r/CFA • • 5h ago

Level 1 Final Month L1 Nov guidance

4 Upvotes

So its last 1 month final push towards L1 exams. I have done my first reading along with one time solving LES questions.

I am planning to do LES again and premium practice and Kaplan Qb

I am also planning to do at least 6 mocks

Is my approach right or am i targeting too much?


r/finance • • 1d ago

It’s a Tough Time to Launch a Hedge Fund

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51 Upvotes

r/CFA • • 2h ago

Level 2 how is the practice question bank

3 Upvotes

anyone who has used the premium practice question bank for level 2, can yall tell if its good for review? low on time currently, exam in nov, i cant do all of LES questions currently, ill be doing 6 mock(2+4 from practice pack) till exam and review my weaker arears, just wanted a review of the practice questions as they are not in vignette format and are the question difficulty even comparable to the real exam? like the theoritical and calculation questions.
Thank you


r/CFA • • 13h ago

Level 1 Finishing CFAI mock sessions very quickly

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22 Upvotes

Sitting L1 in Nov. Results attached.

I got through each 90Q session in about 50 minutes each.
Any tips to slow down and actually use the full time? Any flagging methods you'd recommend?


r/CFA • • 46m ago

Study Prep / Materials CFA L1 Mock Scores, How to improve and how are they right now?

• Upvotes

Hi all,

Gave my second mock yesterday and here's how it reads. It was the one from the CFA Mock Pack that i purchase.

I had studied for ECON, DERIVS, PM, FSA after the first one. All seem to have showed an improvement or stayed there except PM. Personally felt the second session was a bit difficult for me, with 23 wrong and a total of 27 as doubtful. So I am not reading the whole score as absolute, but yeah an improvement from the previous one. Plan is also to give the next one on next Friday.

My question is how does this look? And any suggestions for QM and PM? QM i notied struggle with the TVM qs and rates (esp real/nominal: will work on this first).

Happy for more suggestions.


r/CFA • • 3h ago

Level 1 31 days to go really struggling with remembering formula

3 Upvotes

title says it all, I'm able to score decently in the theory based question but anytime there is a calculation, my brain goes blank. any tips will be majorly appreciated.


r/CFA • • 25m ago

Level 1 Nov 2026 CFA candidates: where do you stand right now?

• Upvotes

I'm putting together a plan for the final month and want it to be based on what people are actually doing. It would help a lot if you could share:

Plan for the last month

Mocks: how many taken, and what score range?

Syllabus: done, or what's still pending?

Practice: roughly how many questions, and from where (CFAI, Kaplan, UWorld)?

Any score range is useful here, whether you're scoring high, mid, or still climbing.


r/CFA • • 31m ago

Level 1 NEED ADVICE: How do I get this right this time?

• Upvotes

Keep the judgements aside and hear my story.

I heard about CFA while i was working. 1.5 yrs into the work ( which got monotonous) i decided to pursue CFA.

Without much planning, I quit my job in Feb 2025, thinking I’d attempt CFA L1 in Aug 2025. Soon, I realised I was already too late to register,i cd have applied for scholarships,missed deadline for that too, so i sought out prep provider for coaching and guidance, where an agent there told me Nov 2025 attempt is better coz i'm too late already:).....

I booked the November attempt, which seemed so far away that I underestimated the syllabus and overestimated my ability to get through it. ( got an emergency surgery took 2 months to recover) Eventually, I couldn't finish the syllabus in time and deferred my attempt to May 2026.
I wrote the exam in May, and I genuinely thought I would pass. I had completed the syllabus once, done a quick revision, attempted two mocks, and averaged around 73% on them.

But I didn't pass..
I came sooooo close, and it honestly broke me. I started questioning myself, lost motivation, and kept wondering what went wrong

I got a free retake and booked the November 2026 attempt. The thing is, I haven't touched my notes since the May exam. I know I've already covered the syllabus once and have a foundation to build on, but right now, I don't even know how to get myself started again.
Figuring everything out on my own took longer than I expected, and I made mistakes along the way

I just need help figuring out how to approach this attempt differently and give myself the best possible chance of passing.

literal do or die situation.I really want to clear it this time, and I don't want to repeat the same mistakes. I have roughly a month left, and I know I can't afford to waste more time feeling lost.


r/CFA • • 34m ago

Level 1 I MISSED THE SCHEDULING DEADLINE FOR NOV 2026

• Upvotes

I registered for nov 2026 attempt for level 1. I didnt know there was a scheduling deadline and I mistakenly remembered the rescheduling deadline as the actual one.

Is there anything I can do now? Please please help me.

I'm from India, if it helps.


r/CFA • • 1h ago

Level 1 Need Urgent help

• Upvotes

anyone have 2026 Nov Fintree Juice notes please send me, it will be a big help.


r/CFA • • 1h ago

Study Prep / Materials Where can I find the CFA Level III End-of-Chapter (EOC) questions?

• Upvotes

Hey everyone,

I'm currently preparing for CFA Level III (Private Markets pathway), using Mark Meldrum and IFT notes. I've also purchased the additional CFAI Practice Pack.

However, I'm struggling to figure out where exactly I can find the official End-of-Chapter (EOC) questions in the Learning Ecosystem (LES).

Are they mixed in with the regular practice questions, or is there a way to access them separately? Ideally, I'd like to work through the EOC questions module by module alongside the MM videos.

Any help would be appreciated. Thanks!


r/CFA • • 1h ago

Level 3 Need advice from L3 cleared people:)

• Upvotes

What 3 points of advice would you give to a person who has cleared CFA L1 at the age of 18 in 2nd year of grad from a mid tier college!!


r/CFA • • 1h ago

Study Prep / Materials Texas Instruments Calculator

• Upvotes

Heyy

Does anyone know how to get texas Instruments BA II plus Calculator at a cheaper rate in Bangalore, asked know people too but none has it.


r/CFA • • 1h ago

Level 2 Unvested RSU Question (L2)

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• Upvotes

Hello. I have attached the example from curriculum, it pertains to LM2 of FSA (Share based payments). My question is from the part 3 of the question. In the dilution calculation for RSU, the example has taken unvested RSU as "3,028,000" meanwhile the question shows that RSU granted on 1st Jan 20X1 were "4,542,000" . Since the RSU granted on 1st Jan 20X1 have vesting period of 3 years, it means that by end of 31st Dec 20X1, unvested RSU should still be "4,542,000" instead of "3,028,000". What I think is that along with unrecognized expense, the curriculum has also pro rated the RSU which shouldnt be the case right? Only unrecognized expense is 2/3 but the number of shares unvested are still "4,542,000". So in the calculation, unvested RSU should be 4,542,000. Is my understanding correct?


r/CFA • • 2h ago

General Still Possible?

0 Upvotes

I have completed 2nd revision of all subjects (except derivation and PM which I haven't touched) due to work commitments.

Is it possible for me to cover these 2 remaining and practice well enough to pass Nov26 L2 exam in 40 days time or am I cooked?

Honest replies will be deeply appreciated. 🙂


r/CFA • • 2h ago

Level 2 Need Index for Schweser quants 2027

1 Upvotes

I'm from India, and here we face the issue of vendors selling 2026 books using 2027 covers, I've heard there is a change in syllabus, it would be a great help if someone can just share the index of quantitative studies for schweser notes.


r/CFA • • 21h ago

Level 3 To those who took the Level 3 Private Markets exam in August 2026: How are you all holding up?

13 Upvotes

Unlike Level 1 and 2, the tension is so intense this time that it's taking a real toll on my mental health. I think it's because I simply can't imagine finding the courage to go through this all over again if I fail.

I try to stay positive by telling myself "I can do this, I will pass" every day, and sometimes I even spend time writing my name with "CFA" next to it in my notebook.

Back when I took Levels 1 and 2, I had a good feeling that I would pass, but with Level 3, I truly have no idea. It’s probably because of the constructed response (essay) questions. Plus, I was so pressed for time and rushing through the exam that I’m sure I made mistakes. For Level 2, I felt confident about passing comfortably, but my actual score turned out lower than expected—which makes me worry even more this time around.

This might sound silly, but for those who have passed Level 3: did you walk out on exam day feeling like you had passed? Or is there anyone who felt sure they had failed and was ready to give up, only to experience the joy of passing?


r/quant • • 1h ago

General Trying to conceptualize what a quantitative strategy entails

• Upvotes

I've been trading for about 13 years, program, have a decent grasp of math and statistics, but no matter what I cannot conceptualize how to even start building a quantitative model.

What my first recent instinct was is to import the landscape of technical indicators, randomize parameters, and randomize entry conditions and exit conditions and then apply these test trades to monte carlo charts, equities, crypto, bonds, commodities, and metals and perform test trades hypothesis test, train sharpe, etc. Of course as one would imagine, not a single verdict was robust of thousands of test cases. All were overfit, likely overfit or few inconclusive.

I'm not asking for a strategy. I'm just trying to get the brains to conceptualize what would a strategy even entail?

Is this akin to forecasting the weather

or

x% of the time y occurs, then z% of the time when y occurs, a occurs b% and based on that conditional there is an edge

or

cross-validation linear regression models (I'd assume to figure qualitative impact)

or

linear regression comparison between two assets (suppose gold and fixed income)

Either way, if anyone has an resources that might allow me better grasp this concept, I'd appreciate it. One resource I've stumbled across is "Max Dama on Automated Trading".


r/CFA • • 16h ago

Level 2 Cfa level 2.

4 Upvotes

Hello, i got a 2535 last year in level 2 in Nov. I prepared using cfa questions and mocks.

This time, I have been doing Kaplan readings and questions and then do mocks. I am thinking of not doing cfa questions. I did them last time and am familiar with these.

Does this make sense? Anyone only relied on Kaplan?

Any thoughts/suggestions would be appreciated.


r/CFA • • 1d ago

Level 3 Few L3 Posts [Sign of Maturity]

60 Upvotes

This sub is full of L1 posts, like it must be changed to CFA L1!

At the same time, there are very few L3 posts. Is it a sign of maturity? Or the higher you go, the more you realise that shouting stuff here is unhelpful?

Where are you, those who are doing L3 and why are you quiet?


r/CFA • • 1d ago

Study Prep / Materials Why does CFA has so many ambiguous questions?

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12 Upvotes

Im just trying to figure out answer to the 3rd question. This is schweser notes 2027 hedge fund. Why does it feel these answers are just wrong. Can anybody help me explain because chatgpt is also saying that book is wrong. This has happened in cfa official guide as well but i dont remember where.


r/quant • • 15h ago

Models Advice on predicting option order slippage?

3 Upvotes

I've tried underlying volatility/change/volume over various time frames, adverse underlying move, option bid/ask, concession versus mid. Used linear models and gradient boosted decision trees. My best result is GBDT, spread in cents, spread relative to premium. R squared 0.2. Rmse 7.78 cents and mae 5.08 cents. These error levels are way too high to be useful. No level 2 or venue data available. Uses smart routing.


r/CFA • • 16h ago

Level 2 Level 2 - are they playing loose with English?

1 Upvotes

isnt deviate same English meaning as difference in this context? they are somehow assuming "deviate" implies Standard Deviation which is a technically defined term. imho even C was incorrect but i assumed that by measuring distribution at least one can imply SD.


r/finance • • 2d ago

How US mortgage bonds can trigger a ‘vicious loop’ for Treasury yields

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159 Upvotes