December sessions for level II and Level III

itera wrote:
there are like 4000 people that get the charter every year. the rate of increase is pretty darn fast already.
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So what ? The goal of CFAI is to promote CFA program right ? The increase of the new CFA is a natural simply because the program is becoming more and more popular and not because it has degraded its criteria.
 
Barney S wrote:
itera wrote:
there are like 4000 people that get the charter every year. the rate of increase is pretty darn fast already.
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So what ? The goal of CFAI is to promote CFA program right ? The increase of the new CFA is a natural simply because the program is becoming more and more popular and not because it has degraded its criteria.
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WHAT ABOUT THE VALUE OF MY RESUME HUH?
 
Minerva wrote:
Wait until you have the charter and you’ll understand why nobody who has it wants the exams to be offered any more frequently than they currently are.
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True dat.
itera wrote:
I think it’s perfect as it is now. L1 twice a year because a lot of people go to the exam totally not-prepared/just want to try it out/ or their company pays for it, so why not try. Then you allow the people who want to be serious to try again 6 months
L2 and L3 once a year makes sense.
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Well said.
 
Minerva wrote:
Wait until you have the charter and you’ll understand why nobody who has it wants the exams to be offered any more frequently than they currently are.
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I’m fine with offering L2 in December. Offering L3 in December would require them to go all MC though, and I’d have a huge problem with that.
 
Barney S just pass on all first tries. If you dont then youre not a real CFA.
 
Analti_Calte_Equity wrote:
higgmond wrote:
Barney S wrote:
since when there is dec level I ? Does anyone know ?
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It’s been at least 4 or 5 years I think. If you look up past exam pass rates, it will show it.
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Dec 2003
http://www.cfainstitute.org/programs/cfaprogram/Documents/1963_current_candidate_exam_results.pdf
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It goes back to some things CFAI said when the Dec L1 sitting was introduced.
the CFA program is billed as a 3 year program, and offering L2 twice a year would make it a 2 year program.
Existing charterholders were assured that this would not happen.
One of the rationales from CFAI for introducing the Dec L1 sitting was that they claimed that L1 was (or would be) used as a regulatory exam in a number of jurisdictions, which evidently has not happened the way CFAI wanted.
 
“regulatory exam in a number of juristictions” what do you mean by this ?
 
I guess it means it could be used as a proxy for a regulatory exam in jurisdictions where they perhaps don’t have an overly develped system of their own. In the US there is the SEC, UK has the FCA etc….if a jurisdiction doesn’t have such a developed regulatory body to offer exams, then the CFA L1 could stand in it’s place.
 
so you mean a kind of certification ?
I think in the following years EU will probably develope its own professional certifications. The main reason why we already do not have it is probably because our entire financial system is different from that American. We have giant universal banks and capital markets not as developed as in the US or to some extent UK.
But this will change http://ec.europa.eu/commission/2014-2019/hill_en .
Or EU will just accept ie continue to accept CFA.
 
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