Hi guys,
So attempt number 3 for me. Waiting for that email, I guess everybody does.
In case you don’t pass, are you going for the May exam or August? Or simply abandon?
Me, I guess i’m going for a 4th attempt in August in that case.
Cheers,
Ksady
Certainly going to take a break. May be a year or two. May even abandon, because right now seriously considering switching careers into IT sector (DevOps, Web-development, Cybersecurity), or learning financial systems tools (Anaplan, Planview, etc.).
After going through 25 interview for the last 3 months, found out that CFA does not help much in FP&A field.
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Going to take a break. This was my second attempt. Passed level 1&2 in 6 months. All the starts and stops of studying during covid and having this level three hanging over my head since passing level 2 in June 2019 has burned me out. Hoping I passed it this time, but if not I’m putting it on the back burner for a year or two. Maybe I’ll pick it back up in 2024 (and hopefully CFA will have worked through all its cbt issues by then too).
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Hey Dasstienn, thanks for your reply, appreciate that. I also consider learning Python or R to enhance the IT skills. In case you want to chat, my whatsapp is +352691236429. P.S. I hope you pass next week!
Quick question: Is a 4th attempt even possible? My understanding was that CFAI limited it to 2 retakes (3 attempts in total) for each level recently.
Candidates are permitted to take the exam a maximum of two times per calendar year (when applicable), but not in consecutive windows or windows that are six months or less apart. Candidates will have a total of six maximum attempts per exam level.
Source: CFA Exam Eligibility Policy.
I know six attempts is a lot, but failing level 3 six times and never being able to finish would be brutal
Thanks mate, I was actually unaware of this! Dunno… just read 3 attempts somewhere and took it for a fact. Much appreciated!
My first attempt for Level 1 was 2013 and I even did not attend because of bad preparation. My second attempt was 2019 and passed. Six years suspend.
Though I believed that my performance should be in line, if bad result happened, certainly I would feel down but just have a chance to make a better schedule of my plan this year or even one or two years later.
Updated, I did not pass this time. I felt calm at first as I have imaged before and then was very angry. I need to calm down, find the reason, have a real relax then attempt to do it again. May be this August, may be next year when I am really ready.
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I abandoned after third attempt May 2021 and couldn’t be happier. If you have taken Level III multiple times and have not passed I am sure you have learned enough to move forward in your career. Employers rarely care nowadays whether you have it or not unless it is a wealth firm looking to plaster your face on their webpage to attract business. There is so much more to learn in finance than to pigeonhole yourself into these exams that rarely resemble the information you studied.
This was a really tough year for me, and I was looking forward more than anything to never thinking about this and trying to build up other parts of my life. But I’m also in this position after passing L2 in 2018, because I deferred in 2019 after getting a promotion. Then the exam obviously got deferred three times and here I am three full years later, having just failed miserably (essentially touching the ■■■■■■■ 10th percentile line) in November. And that’s with an honest effort IMO - I put in 400+ hours, wrote 6 mocks, etc. I passed equities in 2019 when I didn’t even open the books and just showed up because it was already paid for - I failed equities this go around. Like 25% of available points. No clue how. It’s both utterly dejecting from an ego perspective (am I really that dumb/bad at this??), and also in terms of the seemingly uncontrollable randomness. I guessed my way through that section last time, and apparently just blew it this time.
Feeling kinda depressed tbh and not sure what to do next or how to even approach a re-take. I’m so tired of taking time off for this exam.