Did getting the charter become harder?

I

imp

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"when my older friend said his test was lots of "What's a bond-type?" questions it made an impression on me."

-- There was a Level III candidate on AF who asked about YTM, or something.
 
Ted Wrote:
-------------------------------------------------------
> "I doubt the top 2% have done anything but get
> stronger."
>
Statistically, this is probably true. It's an interesting mix though, because the overall Candidate group is almost certainly much weaker now than 10 or 15 years ago.
 
Danny Boy Wrote:
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> mjp Wrote:
> --------------------------------------------------
> -----
> > I couldn't disagree with Ted more. I know a guy
> > who got the Charter 30+ years ago and he said
> the
> > questions were like "what's a bond?, what's a
> > pfd?, what does yield mean? etc". My guess is
> the
> > CFA 25-30 years looked alot like the Series 7
> > exam. Failable, sure---but far easier than
> today's
> > CFA program.
>
> You have to look at the relative difficulty. Do
> you think that 30 years ago Calculus was taught as
> much as it is now in college or even high school?
> Do you think that we're just that much smarter now
> than 30 years ago or is it because technology and
> education advances?



that could be correct, hell, if you think of it, alot of the material on derivatives and portfolio theory wouldnt have existed even 15 years ago. Even the black scholes model hasn't been around for more then a few years. Also, do you think they were doing the of intense calculus found in level 2 & 3 on slide rules?

I reasonable person would recognize that the advances in technology and financial engineering alone wouldve made the current material much more complex then the course material of thirty years ago.



Edited 1 time(s). Last edit at Saturday, September 2, 2006 at 09:01PM by SeanC.
 
"do you think they were doing the of intense calculus found in level 2 & 3"

You seem to be overhyping what you perceive to be the difficulty of the test. I don't believe there is ANY calculus in the CBOK.

And Black-Scholes has been around since the 1970s.
 
I've got to agree, I must have missed the intense calculus on L2 and L3, as I haven't taken calc since high school.
 
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