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Done! No more exams
Old 08-18-2005, 07:24 AM   #1
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Done! No more exams

I found out last night that I passed level 3 of the CFA. As such, I am done and that was probably the last major formal exam I will ever have to take. What a huge relief! Once the CFA Institute dots a few i's and crosses a few t's, I will have some letters after my name, which increases my marketability and hopefully opens a few new doors for me.
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Re: Done! No more exams
Old 08-18-2005, 07:36 AM   #2
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Re: Done! No more exams

Congratulations, Brewer. Wonderful job. And what a nice feeling to have knowing the tests are done.

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Re: Done! No more exams
Old 08-18-2005, 07:39 AM   #3
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Re: Done! No more exams

Quote:
Originally Posted by brewer12345
I found out last night that I passed level 3 of the CFA. As such, I am done and that was probably the last major formal exam I will ever have to take. What a huge relief! Once the CFA Institute dots a few i's and crosses a few t's, I will have some letters after my name, which increases my marketability and hopefully opens a few new doors for me.
Congratulations. But I didn't know the Cat Fanciers' Association required you to sit for exams...

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Re: Done! No more exams
Old 08-18-2005, 07:51 AM   #4
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Re: Done! No more exams

I'm a CFO but never had to take any exams. (Certified Frig Off)*
Congrats!
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Re: Done! No more exams
Old 08-18-2005, 08:00 AM   #5
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Re: Done! No more exams

Congratulations Brewer. Lots of hard work, but it will be worth it.

Will it help with your new job or open doors outside of it?
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Re: Done! No more exams
Old 08-18-2005, 08:06 AM   #6
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Re: Done! No more exams

Congrats! Of course, I'm a CFU! Been one all my life!
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Re: Done! No more exams
Old 08-18-2005, 08:10 AM   #7
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Re: Done! No more exams

Quote:
Originally Posted by KB
Congratulations Brewer.* Lots of hard work, but it will be worth it.

Will it help with your new job or open doors outside of it?
Prolly doesn't mean a tinker's cuss where I am now, but makes a big difference down the road. The latter part is important in light of the fact that my max stay at any job has been 3 years thus far.
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Re: Done! No more exams
Old 08-18-2005, 08:52 AM   #8
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Re: Done! No more exams

congrats Brewer! I know right where you're coming from. I passed level 3 last year so I know the feeling. There is nothing worse than that anxiety at the end of August waiting for that e-mail to let you know the grades are posted.

I just looked at the pass rates

Level I Pass Rate: 36%
Level II Pass Rate: 56%
Level III Pass Rate: 55%

looks like the level 2 pass rate is up, I hope they aren't making it easier!


Now comes the fun of your award ceremony. Ours was at the Four Seasons in Chicago. Nothing like partying with a couple hundred finance people, yee ha!

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Re: Done! No more exams
Old 08-18-2005, 09:09 AM   #9
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Re: Done! No more exams

I have to wonder if the change in level 2 pass rate has something to do with the switch to all multiple choice for that level this year, but who really knows. There is no way they turned it into a cakewalk, IMO.
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Re: Done! No more exams
Old 08-18-2005, 09:54 AM   #10
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Re: Done! No more exams

Quote:
Originally Posted by brewer12345
I have to wonder if the change in level 2 pass rate has something to do with the switch to all multiple choice for that level this year, but who really knows. There is no way they turned it into a cakewalk, IMO.
No, I doubt it will ever be a cakewalk. This of course coming from the organization who instituted a "no water" policy for their exams
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Re: Done! No more exams
Old 08-18-2005, 10:02 AM   #11
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Re: Done! No more exams

Heh! They used to allow a specific list of stuff (medicine, pencils, etc.) to be brought into the facility in clear plastic bags. This year, you were limited to whatever fit in your pockets. I am glad I finished before they started the rectal exam requirement.
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Re: Done! No more exams
Old 08-18-2005, 10:33 AM   #12
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Re: Done! No more exams

Quote:
Originally Posted by brewer12345
As such, I am done and that was probably the last major formal exam I will ever have to take.*
Congratulations, now "all" you have to do is maintain your continuing education & proficiency!

I'm sure that your rash comment has caused alarm bells to ring all over the TLA FMA* and I look forward to seeing what whacked-out innovative certifications they come up with next...


* Three-letter Acronym Financial Management Agency
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Re: Done! No more exams
Old 08-18-2005, 10:40 AM   #13
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Re: Done! No more exams

Actually, the CFA has no continuing ed requirement. The Institute tried to impose one a couple of years ago, but the charterholders resoundingly voted it down. Hey, if they are smart enough to pass the test, you realy think they would be dumb enough to saddle themselves with such an obligation?
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Re: Done! No more exams
Old 08-18-2005, 11:03 AM   #14
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Re: Done! No more exams

Quote:
Originally Posted by brewer12345
Hey, if they are smart enough to pass the test, you realy think they would be dumb enough to saddle themselves with such an obligation?
I wish I'd tried that logic on the Navy's nuclear power community...
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Re: Done! No more exams
Old 08-18-2005, 12:17 PM   #15
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Re: Done! No more exams

Uhuh, but last I checked the military didn't take a vote before telling people what to do...
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Re: Done! No more exams
Old 08-18-2005, 12:55 PM   #16
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Re: Done! No more exams

Quote:
Originally Posted by brewer12345
Uhuh, but last I checked the military didn't take a vote before telling people what to do...
"We're here to DEFEND democracy, not practice it!"
-- Gene Hackman, Crimson Tide

We used to assign a guy full-time to keep track of making sure everyone stayed proficient at everything they were qualified to do. He was even more despised than the guy who had to write the watchbills. I got over it, though...
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Re: Done! No more exams
Old 08-18-2005, 02:38 PM   #17
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Re: Done! No more exams

CFA designation ---- the cream of the crop
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Re: Done! No more exams
Old 08-18-2005, 04:41 PM   #18
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Re: Done! No more exams

congrats. I am ridiculously jealous. I just found out I passed L2 and I am dreading yet another 6 months of studying.
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Re: Done! No more exams
Old 08-18-2005, 08:18 PM   #19
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Re: Done! No more exams

Congratulations!! What a great feeling of accomplishment. I hope it opens up many doors and opportunities for you!

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Re: Done! No more exams
Old 08-19-2005, 09:05 AM   #20
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Re: Done! No more exams

Quote:
Originally Posted by boutros
congrats. I am ridiculously jealous. I just found out I passed L2 and I am dreading yet another 6 months of studying.
Don't worry, if you passed level 2, then 3 is yours. Now, that being said, 45% of people didn't pass level 3 this year. I think a lot of that is slacking off.

I also thought studying for level 3 was more fun because there was a lot more finance and less accounting. Just don't slack off and assume that because you did 2 that you don't have to study for 3.

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