Im top 2%, was officially tested by a psych. Are there any benefits to Mensa membership? Seems like some people just get Mensa to say they are Mensa… and top 2% is only 1 of 50
not sure…i know this though that saying that you are mensa does not go well for 99% of the population - all entitled, ego maniacs yet suffer from acute insecurity - as people will try to judge you in a negative way (oh you do this and that work or talk weird or you’re not even that rich) or just say that you are showing off. My wife joined in high school, she went to a prominent private school and for them it helps that they have ___ pupils who are mensa and went on to flourish in ivy leagues…
“Only top 2%” is still better than 98%.
wanna cookie?
lmao stud not holding back
2 things:
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i strongly disagree that it is possible to pass all 3 levels by studying hard without having a great intuition and feel for Finance, acquired thru experience or just by being v bright. Anyone claiming tje opposite is not an individual who is representative in a statistical sense for the general population of L2 and L3 candidates (deliberately left out L1 as the entry criteria are easy to achieve and the ratio of cost vs reputation is v much in favour of “try it”.
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reading the thread i interpret it as a massive misrep of the difficulty of the EXAM either a) thru selection bias i.e. people who arw xurrently studying AND find it hard hard would not feel the need to admit it to themselves so this thread attracts the minor minority who was intellectually underwhelmed by everything OR 2) by talking about the complexity of the material instead of the EXAMS ( WHICH BTW are the subject of this thread) and On TOP taking mathematical complexity as a perfect substitute for the “diffixulty” of the exams.
Another circle jerk thread, nice
My GMAT score is higher than that guy’s wife’s…
IQ is finicky in my opinion. I feel like high IQ is a car with 500hp on a straight road. You have the ability to hit the accelerator, but if you decide to just go 20mph, a crappy little prius could pass you going 60mph. You have 500hp potential but are not using it. To put that into real world terms, some people have high IQ, but lack motivation. Additionally, some people have high IQ, but lack interest. If you lack interest in something, your brain doesn’t really respond well to effort. #justsayin’
Also, its nice to be sitting around with 500hp. But, seemingly the higher a person’s IQ gets, the lower their ‘social IQ’ is. To find a person with an extremely high IQ and an extremely high social IQ is a rare. This person will get places.
I don’t really think this is the case. It just seems that way because those people are noticeable.
You don’t notice Quentin Tarantino (IQ of 160) as being super smart, because he’s out ripping it up like a normal guy.
In general, though, I agree that high IQ’s are largely overrated in adult life. Unless you’re doing serious research (S2000 style), an IQ of 115 (one standard deviation above the norm) should be more than enough to do just about any job.
I equate high IQ to a gaming computer-- high processor speed, fast bus & memory access, and massive storage. It can’t be a good gaming computer without all three. The really smart people I’ve been around can instantly process a set of facts, see the nuances, and quickly sort out a solution considering all options. The people I know that passed L2 first time were like this.
Conceptually, I found Electronics Engineering to be much harder than CFA-- e.g. stochastic signal processing and Fourier transforms.
Just finish up that charter and you can get in on the fun
lol i was gonna comment on that too but didn’t want to come out too nip-picky-hostile…
Actuarial exams, IMO. Maybe not a mile wide, but a mile deep for sure. CFA more like a mile wide and maybe 100 ft deep.
Nothing in the CFA material is difficult in and of itself. Study any chapter hard enough and you can blow through any question CFAI may throw at you. Actuarial material is much more math heavy and calculus driven. I remember studying the same chapter for days and struggling with the concepts.
I took both. Passed first couple actuarial exams and then failed one twice and never got my ASA. Truth be told it was a very boring job day to day and I grew bored with it. Once I learned about the investment world I was totally hooked.
I found the CFA to be easier. Kudos to those tho have their FSA though.
Yeah. I don’t disagree with you about the deepness and wideness of CFA and ASA (or FSA). I don’t judge ASA only by its math program. The thing in ASA I don’t like is its boring and counter-educational math program. Besides, the media exaggerates about the capacity of actuaries and some actuaries still think they are good at math or some kinds of logical thinking.
Before taking actuarial exams, I believed they are easier than CFA exams because I had good enough math foundation. It’s half true, but the more I studied, the more I became idiot. The ASA program give people delusion that people become more quantitative but it’s totally wrong. Take, for example, the 3 supplementary actuarial exams (I don’t remember anymore, perhaps Accounting, Economics and Statistics) in addition to the 5 main exams. If your score at these three courses are not A (or B), you can replace by the level II CFA. It’s stupid! The level II CFA can give an actuary enough statistical tools, really? And this actuary consider himself good at math?
I remember I quit this program when I did the forth actuarial exam: the MLC. The most stupid thing I have ever did. I’m happy I made good decision to give up this exam 3-4 weeks after registration. I wish I had registered for the MLC first, so I could have avoided the three first exams. Just waste of time!
It’s funny that some people spend 7-10 years for this thing. Ok, it’s their choice, but they shouldn’t brag they are good (at math for example).
PS: I said that not because I’m following CFA program but because I hate boasters. If I meet a CFA Charterholder who boasts, I’ll make him back to earth. If someone praises me because I passed some CFA exams, my responsibility is to say correctly what I learnt and to exaggerate nothing.
word?
AbrahamIsaac, What do you mean?
The hardest exam in the world maybe not but the process is grueling and once in that exam room there’s a lot at stake.
Grueling because:
The study is +300 hours on top of already full lives
The exams get harder and differ in format in successive years
The scope of the material – every year candidates are tested on the full range of topics
It’s self inflicted. While some employers do require the designation most candidates are taking this out of their own volition. The bar exam, actuarial, accountancy are required for licensure. There’s a gun to their head if they want to work in the chosen field.
The slight masochism of the CFA process might make it seem harder…
I had harder exams in college in physics and statistics. I even had a harder exam in humanities. How about an exam on ancient Greek thought where one of the choices is “What is Justice?”. Even if you’ve just studied Plato, have fun writing something really good in two hours. We had that little bit of John Rawls discussion in the CFA curriculum at Level 2. Nothing like the college class.
Couldn’t agree more…CFA exams really aren’t THAT hard, and to claim they are anything LIKE the “hardest” exam on earth is ridiculous…sorry, not sorry 