"I am studying for the CFA" -"I know what that's like" continued......

an actual conversation I recently had:
woman I work with: “so, what are you studying for?”
me: “it’s called the CFA exam- chartered financial analyst”
“what is that, a masters degree?”
“no, it’s just a series of exams”
“what is that, like an MBA?”
“no, it’s not an MBA either”
“what is that, a CPA?”
“no………..”
[sigh]
 
I explain that it’s a bit like a CPA for people who do financial analysis and portfolio management. I then say that there are three exams, each given once a year (except for L1), and that they each have very high failure rates. 70% at Level 1 and it drops to about 50% failure at Level 3.
As for comparisons to Ph.D., it’s not as hard as a whole Ph.D. program, but the intensity of study does feel approximately comparable to what’s needed for the comprehensive exams one needs to pass before doing a dissertation.
 
commstudent Wrote:
——————————————————-
> Was being sarcastic…
>
> Big Babbu Wrote:
> ————————————————–
> —–
> > I’d think a PhD in math would be pretty
> > prestigious. I also think it would be pretty
> time
> > consuming and you’d have to be fairly bright to
> > complete one.
> > There are alot of other letters that probably
> > shouldn’t be compared to the CFA exams in terms
> of
> > difficulty or time consumption, but I don’t
> > necessarily think a PhD in Mathematics falls
> into
> > those categories. But, I’ve never gone through
> it,
> > so I could be totally off base.
Yeah. Right after I posted I thought that may have been the case so I went and re read your post. Even then I wasn’t totally sure. That’s the problem with email\blogs\boards….it’s hard to pick up sarcasm unless you are very familiar with the writer.
 
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