Disagree. Most, if not all, of the people I’ve talked to that have finished the program felt it was difficult (as did I) and admit that it requires hundreds of hours of studying for each level. Not many other tests require that much studying to pass. And your theory that only people who failed a level or two think it was difficult is wrong as I passed all on first try. Not arguing that it’s more beneficial than a top MBA, just pointing out the clear unexplained bitterness toward the program infinity has. He literally goes out of his way to bash it any chance he gets, just doesn’t make any sense from someone that pays dues and is a charterholder.
Nah wasn’t “pumped” at all. CFA has helped me with my career and I’ve seen it help many others. Besides, the only tough part about MBA is actually getting in. Once you’re in it’s a cake walk.
look at my comment above addressed to you…no bashing just truth talking that is all.
exam does take “hundreds” of hours to pass NOT because the material is difficult or becaucse the pass rate is SO low BUT because the sheer volume…Now the actual material…come on man don’t kid yourself. Level I asks about def. tax liability and LIFO and FIFO. Level 2 asks about what is R^2 represent, Dupont…level 3 asks about risk tolerance level of some dude in a story who has 2mm in cash and loves to skydive…3 answer choices and ~45% pass rate. I “did not go out of my way” to bash CFA…NOPE. Merely stated the facts and an alternative route to the OPs of landing a front office job.
LOL yeah getting in takes tons of work. Few months of GMAT and application not to mention your exrra curr stuff and 4 years of your ugrad GPA and rec. letters…CFA exams…just sign up and take the exams…work approval?? we all know all kinds of jobs get approved these days…not bashing just stating the facts. “Once you’re in it’s a cake walk” mmm sure maybe compared to calculating LIFO numbers and required rate of return in CFA exams for sure…
blah blah blah I never said the material was rocket science… I was talking about the difficulty of getting through the program which makes sense given the context of the discussion.
Holistically, given the sheer volume of material on each exam, the “tricky” way the CFA Institute often asks questions to make sure you know the material inside/out, and the amount of effort/dedication needed to pass each of the 3 exams makes the program challenging to complete.
You constantly argue how “easy” the program is, which clearly contradicts needing to study hundreds of hours each level to pass (which you admitted above). Your whole stance lacks logic and screams bitterness for whatever reason. Which begs the question, why so bitter?
For a mid-career person, I’d weight a CFA even with a Top 20 MBA. The CFA is quite challenging and few make it through all three levels especially if they had a spouse and/or kids to deal with as well.
IsThereAny must have really struggled with the exams…lol I “bashed” something you worked so dearly for
I only stated the facts about pass rates - ~40% represent that you only need to come in around 40th place out of 100 people to pass cfa exams - to point out that no, the exam itself is not THAT difficult to pass. Yes, crap ton of books so you need to memorize stuff so that may take some time but is the material diffciult? NO. Tough to pass? at 40% pass rate? NO.
again this ain’t bashing this is stating the facts to the OP who forever banned from taking another CFA that hey CFA is not some be-all and end-all…I merely told him to go for an MBA, which is much better at changing one’s careers… Again fact.
Yo IsThereAny was one of the posters on the thread CFA the most hardest exam on the planet or something along the lines that CFA IS very difficult…okay now i see why you got so offended by me when i brought up not so inspiring stats about the exam pass rates and how mba may be the best bet for career changers… or maybe cfa charter got you 8 figure job and calls from Dimon and Buffett asking you to join their management committee.
Ok this is clearly getting derailed into an elementary school argument. Let me ask you this (assuming you have actually passed all 3 exams, which I’m not convinced you have…): How is something that takes hundreds of hours of preparation for 3 different exams considered “easy” infinity? Please enlighten us with your infinite wisdom.
okay here is my answer…I have been a charterholder since 2014 and a member of nyssa only because my fund pays the dues.
Yes, it did take hundreds of hours to pass each level of the cfa exam. It was “tough” not because of the difficulty of the material but because the sheer volume of the material. Again, the material was not difficult to learn. And again, the pass rates are ~40% so you just need to perform slightly better off than the middle of the pack…
let me ask you this - the post i wrote to the OP was all fact so not sure where you think i bashed
2015 Toyota Prius is slow and underpowered - has a 121hp engine - therefore an M4 would beat it in a drag race. This is fact…but to you this is bashing Prius? lol
Thank you for the bold. My point the whole time and I agree that top MBA is best for 180 degree career shift. Not everyone is looking to do that though and oftentimes the CFA is a great tool for career advancement in investment world (when already involved in some capacity). I have seen countless other posts from you saying how “easy” the CFA and essentially, yes, bashing it. Either way, I think we’re on the same page now.
