Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
What if the OP studied far less than most of his peers or what if the OP was determined to actually learn the material (as opposed to merely pass the exam)?calvol wrote:
Means you studied too much![]()
what if another candidate has 1/10th the free time the OP had and still managed to pass? A ton of other variables shows that you cannot reasonably claim better skills or decision making abilities based on your score matrix.tickersu wrote:
What if the OP studied far less than most of his peers or what if the OP was determined to actually learn the material (as opposed to merely pass the exam)?calvol wrote:
Means you studied too much![]()
My reply was in response to the typical “you studied too much” comment. I definitely agree it commendable if someone has a busier schedule and passes anyway.Anbu_ wrote:
what if another candidate has 1/10th the free time the OP had and still managed to pass?
Agreed. I don’t believe I said anything that disagrees with that, though (or implies that you could claim such things).Anbu_ wrote:A ton of other variables shows that you cannot reasonably claim better skills or decision making abilities based on your score matrix.
I had the marathon reference by ZigZag in mind when i wrote the second part, i see your point and i agree a 100% with you.tickersu wrote:
My reply was in response to the typical “you studied too much” comment. I definitely agree it commendable if someone has a busier schedule and passes anyway.Anbu_ wrote:
what if another candidate has 1/10th the free time the OP had and still managed to pass?
Free time, as you put it, is somewhat irrelevant if it isn’t used to study.
My point was that two candidates could each study 100 hours for the exam; one passes with all sections >70%, and the other barely passes. I wouldn’t say either of them “studied too much” (or too little). They passed, which is what matters. I’ve heard this thrown around about the series 7 exam as well. “If you score greater than 80% you studied too much.” I’m not too sure what that sentiment is all about…You’re trying to build a knowledge base for a line of work you are interested in, so why not try to score as well as you can on the exam (to roughly indicate you’ve mastered the material).
My other point was that a candidate might actually have an interest in learning the material (in contrast with many people say they just want to pass). In this case, if the goal was to genuinely learn the material, I would say the score matrix of all topics >70% would be their best indication of the candidate achieving that goal (within the current, limited method of reporting results).
Agreed. I don’t believe I said anything that disagrees with that, though (or implies that you could claim such things).Anbu_ wrote:A ton of other variables shows that you cannot reasonably claim better skills or decision making abilities based on your score matrix.
This is a P/F test, not A, B, C, etc… the game is to survive and move on, any point earned above MLS is worthless, thus represents a bad investment of time.tickersu wrote:
What if the OP studied far less than most of his peers or what if the OP was determined to actually learn the material (as opposed to merely pass the exam)?calvol wrote:
Means you studied too much![]()
It’s a pass/fail exam because the institute only wants to determine if a candidate is competent to move on. One of the goals of the program is to build candidates with a strong knowledge base. Not everyone is playing the same “game” that you are. Some people are trying to genuinely learn; their goal isn’t to barely muster a pass. Their goal is to have a broad knowledge base that won’t fade away months after the exam. I’ve seen quite a few people on this forum who fit that description, and I’m willing to bet that the majority of them won’t be retaking. A solid performance may be worthless to you, but for these people, it’s time well spent. As for the people who study less than their peers and nail the exam, it doesn’t sound like they made a bad investment (especially if they maintained their non-CFA program life).calvol wrote:
This is a P/F test, not A, B, C, etc… the game is to survive and move on, any point earned above MLS is worthless, thus represents a bad investment of time.