A letter I sent to CFAI President

CFAilure:
Where did you send the letter to? I am thinking of following your footsteps.
 
I think when you get the exam next year -(by registering in next year exam)- you will do same mistakes that you have did in this year exam
 
^^you’re right, I don’t know anything about you other than that you struggled with this program for quite some time and that it might not be for you. Do you mind sharing what your study program was? What were your scores on Mocks going in? What does your matrix look like? How many hours you put in? How many mocks you did?
Don’t take my comment as a scornful note to you. I have no intention of rubbing salt on your wound right now, but it’s hard to take someone seriously when they simply say “i studied hard” or “i put in a lot of hours” or “i put in X attemps, please give me charter.” We’re not in high-school anymore where you could squeeze out a few more point on a paper from a teacher by showing that you’re a hard worker. Hard work without adequate results to show for means jack in most workplaces.
 
They really gave you his work e-mail?
My AM results were also completely screwed up with all sections except one below 50%. This was my third time taking the Level 3 and I had substantially better results in my previous attempts. This time i was very confident and knew answers to 85% of the questions. I scored pretty good on the PM part, so I really believe that something wrong happened.
 
CFAilure wrote:Can you please advise me how can I be ‘encouraged’ to register for 2016 exam if I was knocked down for nothing in 2015?
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Easy. If you want the CFA letters, you will be ‘encouraged’ to register for 2016.
What’s the problem here?
stop whining, if you failed, you failed. study harder next time
 
I agree with ink, taking L2 7 times seems excessive and maybe the CFA program is not the right thing for you. But I look forward to hearing how they respond to your email.
 
53% of people successfully passed the exam including retakers, it’s not just enough to know and understand the topic it is also your responsibility to know the way CFAI wants you to answer the questions. All part of the curriculum, accept that and move on. Good luck next year.
 
No whining at all. But I would like to discuss the integrity of the exam and not my perfomance. Please let me know when i need your opinion on my personal professional life or my preparation process. If i would like you to discuss my haircut i will let you know too. Thanks.
The email. I will ask him if i can make it public here. But anyway sending to customer service and asking for the service request number can work fine imo.
 
itera wrote:
CFAilure wrote:Can you please advise me how can I be ‘encouraged’ to register for 2016 exam if I was knocked down for nothing in 2015?
Click to expand...
Easy. If you want the CFA letters, you will be ‘encouraged’ to register for 2016.
What’s the problem here?
stop whining, if you failed, you failed. study harder next time
Click to expand...
Itera: Do you really believe that CFAI does not make errors? Nobody can be accourate 100% and mistakes happen, so if you consider that they are right 99.99%, there is still a chance of getting a few results wrong. 28,000 participants took the level 3 exam this year and use 0.01% error chance, you get 2.8. Is it an unreasonable assumption?
 
CFA teaches lot about transperancy, ethics etc. … so i’m bit surprised that thier Level 3 exam result/feedback is totally vague. I felt that way when i failed 1st try back in 2013. I hope say for extra $100, they can give you some feedback. Back then i got whole bunch below 50% .. and i was wondering, a) did i write answer in wrong section, b) did they not able to read my handwring or c) did they misplace my paper. If they could give bit more details/feedback, then you know how to improve next year. Perhaps for additonal fee, they can give you bit more like what was your exact grade, reason for your low score - perhaps they catagorizes the reaso with 5 or 10 common reason (i.e. can’t read your handwring, or you put answer on wrong tempalte etc etc). At least give some feedback to the people who spent $hundereds of dollars registering for it, and more imporantly spent 300-500 hours plus preparing for the exam.
 
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