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CFA Study Blog

Strategy, topic breakdowns, pass rate analysis — everything you need to study smarter for the CFA exam.

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CFA Level 1 Economics: The Topics You Can Safely Ignore

The MPS is one of the most misunderstood aspects of the CFA exam. Understanding how it works — and what it means for how you allocate your study effort — can change your strategy significantly.

M
Marcus Obi, CFA
15 Jul 2026
Study Strategy

Why Smart People Fail the CFA — And It Has Nothing to Do With Intelligence

With a ~35% pass rate at Level 1, failure is the norm. Understanding why candidates fail is the first step to making sure you are not one of them.

J
James Whitfield, CFA
14 Jul 2026