CFA Exam: When to take?

College Majors Business Major
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<p>Hello, I recently graduated in May and received my bachelors in economics. I've been wondering if it is foolish to take the CFA level one in december? I have no work experience (yet) but that is something I intend to get while studying for the exams. If I pass all three exams before the required four years (48 months) of work experience, what would my status be? More specifically, what would my status be if I pass Level One in December? CFA Candidate, Member, Charterholder, Affiliate Member?</p>

<p>I'm just a little confused about the hierarchy of statuses, and if someone who has more knowledge of the CFA exam can clarify, it would be greatly appreciated. Thank you.</p>

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<p>This has been addressed somewhat in this thread</p>

<p><a href=“http://talk.collegeconfidential.com/business-school-mba/451578-cfa-mba-investment-management-asset-management.html[/url]”>http://talk.collegeconfidential.com/business-school-mba/451578-cfa-mba-investment-management-asset-management.html&lt;/a&gt;&lt;/p&gt;

<p>In addition, you can get more information here.</p>

<p>[About</a> Us Main](<a href=“http://www.cfainstitute.org/aboutus/index.html]About”>http://www.cfainstitute.org/aboutus/index.html)</p>

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<p>cbreeze: that link to the previous thread was informative, thanks. and so, to redirect to my original question, if i passed this level one exam, i would officially be a cfa candidate, correct?</p>

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<p>After you passed CFA level 1, you will be a L2 candidate. </p>

<p>Here is the membership requirements.</p>

<p>[Membership</a> Types and Requirements](<a href=“http://www.cfainstitute.org/cfaprog/charterholder/membership/member_types.html]Membership”>http://www.cfainstitute.org/cfaprog/charterholder/membership/member_types.html)</p>