Who's gonna retake?

sooraj wrote:
…we would have to answer a few queries everytime our resume says “Cleared Level 2 of CFA exam” as to why we didnt appear for Level 3!!!
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I, for one, will NEVER answer the question why my resume says “cleared Level 2” because I will NEVER put that on my resume–for precisely that reason.
Either I passed Level 3 in 2013, or the whole CFA thing never happened. And unless it comes up in conversation, it will be a long forgotten memory.
 
If I pass - awesome
If I fail - I look forward to honing in on the areas where I skimmed and kicking the sh!t out of the exam.
Failed level 1 once, passed L2 first try - first attempt at L3
Also, I miss studying…adds structure to my life and its a great excuse not to go out Friday.
 
Hi Greenman,
I very much support your decision.
If you do not NEED the charter in your current situation, sitting through a 6 hours exam alone (regardless of how many hours of studying) is a waste of time.
You may have started the program thinking you need the CFA charter few years ago, but circumstances can change and there is abosolutely no purpose to keep going on a path when you have changed strategy/ career path/ interest in the subject.
If you pursue it despite the fact that you don’t need it (and do not enjoy it), it’s all because of ego and it doesn’t really serve any more meaningful purpose other than that.
I think i can live putting my ego aside if i were you.
 
Greenman72 wrote:
sooraj wrote:
…we would have to answer a few queries everytime our resume says “Cleared Level 2 of CFA exam” as to why we didnt appear for Level 3!!!
Click to expand...
I, for one, will NEVER answer the question why my resume says “cleared Level 2” because I will NEVER put that on my resume–for precisely that reason.
Either I passed Level 3 in 2013, or the whole CFA thing never happened. And unless it comes up in conversation, it will be a long forgotten memory.
Click to expand...
Here’s the thing, if you are no longer at your current job and you are applying a job that REQUIRES a CFA charter, then you probably SHOULD put on your resume that you passed level 2 at the minimum.
Of course, it will be your discretion to put it on your resume or not if the job is completely unrelated to the finance industry.
That’s my 2 cents.
 
Greenman72 wrote:
  • I put in over 600 hours of study. If I can’t pass with that much study, there’s no reason to believe I can ever pass it.
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That doesn’t make sense.
Greenman72 wrote:
  • I have an almost 2 year-old and another on the way. If I’m going to spend a few hundred hours away from my family, it better be to “really” further my career–not take a test with little real benefit and little relevance to real life.
  • My job is getting more difficult, with more stress and more hours.
  • As a tax accountant, I’m not sure that I’ll ever get any benefit of the CFA charter anyway.
  • I live in a remote area, Dagobah, where there is no CFA society and most people don’t even know what CFA stands for. (“Isn’t that a ‘Certified Financial…Advisor?’”)
  • I’m just freaking tired of studying. Went straight from MBA to CPA exam to CFA exam. I’ve been studying for something for seven years now.
  • I’m already a CPA, so it’s not as if I need this in order to find a job.
Click to expand...
Why didn’t you think of all of that before you registered for the exam the first time?
 
NANA Hachiko wrote:
Greenman72 wrote:
sooraj wrote:
…we would have to answer a few queries everytime our resume says “Cleared Level 2 of CFA exam” as to why we didnt appear for Level 3!!!
Click to expand...
I, for one, will NEVER answer the question why my resume says “cleared Level 2” because I will NEVER put that on my resume–for precisely that reason.
Either I passed Level 3 in 2013, or the whole CFA thing never happened. And unless it comes up in conversation, it will be a long forgotten memory.
Click to expand...
Here’s the thing, if you are no longer at your current job and you are applying a job that REQUIRES a CFA charter, then you probably SHOULD put on your resume that you passed level 2 at the minimum.
Of course, it will be your discretion to put it on your resume or not if the job is completely unrelated to the finance industry.
That’s my 2 cents.
Click to expand...
Correct. This is exactly why I would put in my resume.
 
NANA Hachiko wrote:
Here’s the thing, if you are no longer at your current job and you are applying a job that REQUIRES a CFA charter, then you probably SHOULD put on your resume that you passed level 2 at the minimum.
Click to expand...
I have thought about this, and it would be the sole exception. And I doubt it would ever happen. I don’t think I’ll ever apply to (or be seriously considered for) a job that REQUIRES a Charter. Probably not applicable to my situation.
 
Clark_CFA_Candidate wrote:
Greenman72 wrote:
  • I put in over 600 hours of study. If I can’t pass with that much study, there’s no reason to believe I can ever pass it.
Click to expand...
That doesn’t make sense.
Greenman72 wrote:
  • I have an almost 2 year-old and another on the way. If I’m going to spend a few hundred hours away from my family, it better be to “really” further my career–not take a test with little real benefit and little relevance to real life.
  • My job is getting more difficult, with more stress and more hours.
  • As a tax accountant, I’m not sure that I’ll ever get any benefit of the CFA charter anyway.
  • I live in a remote area, Dagobah, where there is no CFA society and most people don’t even know what CFA stands for. (“Isn’t that a ‘Certified Financial…Advisor?’”)
  • I’m just freaking tired of studying. Went straight from MBA to CPA exam to CFA exam. I’ve been studying for something for seven years now.
  • I’m already a CPA, so it’s not as if I need this in order to find a job.
Click to expand...
Why didn’t you think of all of that before you registered for the exam the first time?
Click to expand...
1. Why doesn’t it make sense?
2. I did think about all of that. I decided to go for Level 3, and give it at least one good shot. My wife wasn’t pregnant when we registered for Level 3, and being away from my daughter was more difficult than I thought. I also wasn’t in a tax practice when I registered for Level 3. I also didn’t realize the utter uselessness of the Charter (in my personal situation) in a CPA tax practice. (I had previously worked in Corp Dev in a local company, under the tutelage of a Charterholder.)
 
I have made it this far, so I will keep on retaking it as many times as needed. Let’s hope I get lucky, though. I can think of more fun ways to spend my next spring than being once again buried in the books!
 
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