How many times can you fail the exam of the same level?

kgl6kgl6

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Hi all!

I have heard someone claimed that you have only 3 chances to pass each of the level. Can anyone please tell me if that's true?

Thanks a brunch!
 
That used to be true, but CFAI has changed that, and there is no timeline to complete the program any more. So I take that to mean the you could fail as many times as it takes you to finally pass an exam.
 
The only limit would be the size of your wallet

I wonder if it would show a prospective employer your level of committment and tenacity to put on a resume, "Obtained CFA designation after 12 years and 18 attempts"
 
lol, im not sure thats a very good thing to put on ur resume
 
Stealth, why would anyone put that on their resume in the first place? I know people who failed levels several times, all that matters is you eventually pass. Whether it takes someone 3 exams at each level or 1, all that matters is you pass.
 
>>have heard someone claimed that you have only 3 chances to pass each of the level.
>> Can anyone please tell me if that's true?

>>> That used to be true, but CFAI has changed that,
>>> and there is no timeline to complete the program any more.

was it ever true ?
there was a seven year limit, but all that meant was you had to pay the initiation fee again and any results were still good.
Even the seven year limit was abolished a year or 2 back
 
hobokencfa Wrote:
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> Stealth, why would anyone put that on their resume
> in the first place?

You wouldn't. That was the point.

Another way to ask the question is, "How often are you willing to sit for the exam before realizing there is a better use for your time and money?" Certainly no one will just give up, but sometimes a strategic retreat may be a temporary solution.
 
so if one didn't pass first time around,then for the second time,is the fee for exam/registration still required?or maybe just the test fee,which makes more sense i'd think.

another question for 'resume',while i am taking the test prior to passing it,is there anything i can put on my resume to impress prospective employers?
 
You just pay the testing fee. After you have registered for the exam, you can put level-1 candidate on your resume.
 
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