Yeah for the CAIA there is 0 chance you can cheat on it. I know a lot of tests are moving towards more computerized version. GRE, MCAT, CPA, all moved while CFA/ SAT/ ACT are few of the remaining ones left on paper. I’d be shocked if it didn’t change in the future.
I absolutely hate online exams. I can’t read computer screen text for very long before my eyes start hurting. And aren’t the exams on Sunday different? They have multiple versions of the exam, as I recall, so you can’t just phone people the questions asked and the answers.
^ Yea the FINRA exam questions come from a bank of questions the computer picks. So the person next to you can get different questions I don’t know why they make such an effort for those dumb series exams. I agree the CFA exams should be much more strict, but 150k people taking these exams every year… really tough to arrange it
iteracom Wrote: ------------------------------------------------------- > I agree the CFA exams should be much more strict, > but 150k people taking these exams every year… > really tough to arrange it the demand is there. people would pay for it. CFA is just ruining its value by allowing all these cheaters to sneak through. once you lose your reputation, its tough to get it back.
I agree with the idea that CFA should provide a formula sheet (that’s how the engineering FE test works). Sure it won’t completely alleviate the cheating issue, but I figure it would definitely help cut down on the number of cheat sheets smuggled in. I think it also makes more sense from a knowledge perspective as well (there is little reason why I should have to memorize how to calculate the t-statistic of the correlation coefficient).