Half of you will fail Level 3. So enjoy your momentary bliss

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andytrader

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Not to rain on your parade but this is truth. Having passed all three on my first attempt, you might say I was lucky. But I would argue that I just busted ass. Get those L3 books and start reading.
Level 2 was a joke compared to level 3.
 
You are incorrect, I would say more than 60% will fail. You are assuming, we are the only ones takin the exam, forgot those who failed this year and the years before :)
blind optimism is what makes us take the exam anyway, thanks CFAI!
 
andytrader wrote:
Not to rain on your parade but this is truth. Having passed all three on my first attempt, you might say I was lucky. But I would argue that I just busted ass. Get those L3 books and start reading.
Level 2 was a joke compared to level 3.
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Thanks Uncle Rico! I bet you can throw that football over them mountains too, huh?
 
andytrader wrote:
Level 2 was a joke compared to level 3.
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I’ve not done Level 3 yet, but I know many charterholders that would strongly disagree with that statement.
I’d guess different people find it challenging in different ways.
 
andytrader wrote:
Not to rain on your parade but this is truth. Having passed all three on my first attempt, you might say I was lucky. But I would argue that I just busted ass. Get those L3 books and start reading.
Level 2 was a joke compared to level 3.
Click to expand...
and not to bust on your parade, but many dont need your kind of comments on here, there is no need for it. Your post is more of a brag than advice, so i suggest you stop posting annoying stupid comments.
 
I’ve heard most charters and L3 takers telling me that L2 was the hardest, quite a number of them had to retake L2 but not L3.
 
What’s your point? Do you really think people don’t know the stats?
 
if historical pass rates are indicative of the future, anyone that passed level 2 will have a greater probability to pass level 3 on the first attempt
 
I know you don’t like to hear this, but L3 is harder than L2. You will see.
 
Did you have a good childhood? Were your parents around growing up? Were you molested as a kid? Just asking.
 
ohhh **** he’s right. I’d rather have failed and have to take level 2 again instead of passing level 2 and having a 50% shot at level 3 ….sweet logic dude.
 
I really don’t understand why anyone refers to the exams at any level as “harder” than another. None require anything beyond a basic understanding of algebra in terms of the calculation required. It’s simply a matter of learning how to understand financial relationships and unfortunately an awful lot of rote memorization. Of course this whole thing is grueling to be sure; but there is nothing on any of these exams that is truly difficult to understand (versus difficult to recall).
 
Wow, lots of hating in this thread. I am trying to motivate. I know several people who considered themselves intelligent having aced L1 and L2 thinking they would wait until next year to start L3 studying. Guess what? They are biting nails and sweating ass for their results again having had to retake. L2 is a bitch and very easy to feel like it is all downhill now that the “tough quant” **** is over and the rest is common sense PM.
The top of the mountain is still ahead but closer. in two years would you rather be in a library with a friggin Schweser book on Memorial Day or sipping tequila on a beach like I did this year?
Am going to revisit this thread and see which of the above haters post that Band 10 fail comment in a year. Boy will that suck…
andytrader, CFA
 
andytrader wrote:
Not to rain on your parade but this is truth. Having passed all three on my first attempt, you might say I was lucky. But I would argue that I just busted ass. Get those L3 books and start reading.
Level 2 was a joke compared to level 3.
Click to expand...
Who hurt you?
 
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