What if you fail?

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se4sons

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What happens if you fail the Level 1 Exam in June? Does it stay on a record, or prevent you from taking it again in December? Not trying to belittle the exam, but I’d like to give it a shot in June as I have Masters in Finance already and 6 weeks off to study.
 
“What if we fail? What if Sauron takes back what is his?”
Really, if you have a Master’s in Finance and not working for six weeks, you should do well. And if you do fail, then there’s no negative consequences. Yes, it stays on record, but nobody will ever know unless you tell them. CFAI doesn’t divulge such information.
The worst thing that happens is that you lose $600 and six months.
 
just study the ethics portion and u will be good to go.
 
In L3, even if I had the ethics book open and given unlimited time, I still wouldn’t be confident that my answeres were correct. There’s so much grey area.
 
I guess I should be more clear, since the exam is offered in June and December, would failing the June 2014 exam prohibit me from retaking it 6mo later in December?
 
that is the good thing about L1. Since the exam is offered every six months you only have to wait half a year as opposed to L2 and L3 where the wait is both one year
 
se4sons wrote:
I guess I should be more clear, since the exam is offered in June and December, would failing the June 2014 exam prohibit me from retaking it 6mo later in December?
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No, but I wouldn’t think of it like that. If you do it in June, you must convince yourself that you must pass it…failing is not a choice. You have to learn to succeed in anything you put your mind to. That’s the secret of the successful.
 
^Plus, if you pass L1 in June, you have ten months to study for L2. If you pass in December, you only have four months. And if you can’t pass L1 in six weeks (given that you have six weeks off and a Master’s in Finance), you certainly can’t pass L2 in four months.
 
former trader wrote:
se4sons wrote:
I guess I should be more clear, since the exam is offered in June and December, would failing the June 2014 exam prohibit me from retaking it 6mo later in December?
Click to expand...
No, but I wouldn’t think of it like that. If you do it in June, you must convince yourself that you must pass it…failing is not a choice. You have to learn to succeed in anything you put your mind to. That’s the secret of the successful.
Click to expand...
I need to get on your level.
 
You’ll then go to the AF Arsenal and grab the rusty hacksaw and apply liberally to your ballsack.
 
Being successful is not just being prepared, it’s having the mentality. You can sense by the way someone carries himself. 3/3 will give you that aura.
 
If you have a masters of finance and that much free time, you shouldn’t have difficulty passing L1.
 
No you are not prevented to take the exam again in december . If you have masters in finance then you can give it a try and wait for the result . There is no limit to taking the no. of attempts for the exam . you can take as many attempts as you like.
 
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