Isn't it high time we had the Level 2 exam twice in a year?

[Brainy]

hashtag wrote:
Assuming you cross the finish line, someday, your opinion will change. Guaranteed.
#hashtagCFA

And what could this opinion-changer be?

 

[dwheats]

Brainy wrote:

hashtag wrote:
Assuming you cross the finish line, someday, your opinion will change. Guaranteed.
#hashtagCFA

And what could this opinion-changer be?

cross the finish line = receive charter

 

[Brainy]

dwheats wrote:

Brainy wrote:

hashtag wrote:
Assuming you cross the finish line, someday, your opinion will change. Guaranteed.
#hashtagCFA

And what could this opinion-changer be?

cross the finish line = receive charter

I clearly understood that. My question is why would my opinion suddenly change after I had received the charter?

 

[S2000magician]

Brainy wrote:

dwheats wrote:

Brainy wrote:

hashtag wrote:
Assuming you cross the finish line, someday, your opinion will change. Guaranteed.
#hashtagCFA

And what could this opinion-changer be?

cross the finish line = receive charter

I clearly understood that. My question is why would my opinion suddenly change after I had received the charter?

It’s called the endowment effect; you’ll study it at Level III as part of Behavioral Finance.

 

[Brainy]

S2000magician wrote:

Brainy wrote:

dwheats wrote:

Brainy wrote:

hashtag wrote:
Assuming you cross the finish line, someday, your opinion will change. Guaranteed.
#hashtagCFA

And what could this opinion-changer be?

cross the finish line = receive charter

I clearly understood that. My question is why would my opinion suddenly change after I had received the charter?

It’s called the endowment effect; you’ll study it at Level III as part of Behavioral Finance.

S2000magician, thanks for your response. Always inspiring and helpful as ever. That said, I will wait till Level III then and hope this topic changes my opinion. But if it still doesn’t, I will sure return to tell you. LOL.

 

[S2000magician]

Brainy: best of luck!

 

[ltj]

As I stated earlier, I am still a L2 candidate and agree with the once per year exam offering for L2 and L3.
That being said, it’s incredibly disappointing to see how majority of the current charterholders act who post at this board (S2000 obviously not included). That’s not necessarily just based on this topic, but a general observation over the past two years of lurking/posting here. But I guess that’s the internet for you.

 

[tickersu]

ltj wrote:
As I stated earlier, I am still a L2 candidate and agree with the once per year exam offering for L2 and L3.
That being said, it’s incredibly disappointing to see how majority of the current charterholders act who post at this board (S2000 obviously not included). That’s not necessarily just based on this topic, but a general observation over the past two years of lurking/posting here. But I guess that’s the internet for you.

One thing I have noticed from time to time is a specific attitude (again, not S2000 and a few others).
The attitude is one of “I’m a charterholder, and you’re only a level X candidate. You can’t speak authoritatively/you don’t know anything until you have the charter.” It’s negligent to the fact that every charterholder was, at one point, a candidate– possibly failing a level multiple times. It’s akin to teachers who don’t respect students for the simple fact that the student is only a student…somewhat disappointing

It’s also obvious (from my posts) that I agree with you that L2 and L3 should only be offered once per year…just adding support as another L2 candidate.

 

[defacto]

Well, they do have seniority status in the CFA process over us lowly candidates don’t they? They’ve been promoted to membership-payer status, whereas we are still stuck in exam-payer status.

 

[tickersu]

defacto wrote:
Well, they do have seniority status in the CFA process over us lowly candidates don’t they? They’ve been promoted to membership-payer status, whereas we are still stuck in exam-payer status.

My main point is the only differential between some candidates and some charterholders is the aspect of time. Some of those “lowly” candidates will achieve the charter– the whole “I’m better than you because I’m older and started first and pay different fees” doesn’t really seem like a bragging point, in my opinion.

 

[CFAbeatmeup]

+ 1 million. I don’t have a problem with the difficulty, but to fail by the skin of your teeth and then have to wait a year seems punitative. At least allow 7s and above to sit in December, if you don’t want to allow full entry. It’s more money for the CFA, I think, as fewer people would give up (at least after L2).