June 4th, 2005 - The CFA Level 1 exam is 8 hours long, with a 2 hour break in the middle. Surprisingly, the PSU MBA program seems to have adequately prepared me for the exam.
But, the CFA Institute doesn't have a pre-set passing score, or at least published historical data. When you're taking the exam, you have no idea how well/badly you're doing. I know I missed some questions, but did I miss too many? Gee... I'll just have to wait for the CFA Institute to decide on how many kids they're going to let pass this year.