Since we’re still six weeks away from results, I figured I could start this without pouring too much salt into open wounds.
Assuming things DON’T go your way on August 6th, who’s going to re-take the exam? Who will just let that sleeping dog lie?
I, for one, will NOT retake the exam. Why?
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.
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.
I may change my mind someday in the future if I move to NYC, or some other place where the CFA is seen as an asset. But for the forseeable future, 2013 Level 3 was my last hurrah. Won’t be retaking anytime soon.作者: chunty 时间: 2013-8-12 18:43
I have put +600 hours last year and I failed .. Guess what? I re-took this year.. Why? Because it get’s easier to study since you already know most of the material however you change your approach. If i fail again this year, I WILL retake again, why? because I like to end things which I have started. Hell even if it takes me 10 times, I will not quit until I finish this challenge.作者: SFoyil 时间: 2013-8-12 18:46
I will retake because it will haunt me for the rest of my life if I don’t.作者: ayaz_mahmud369 时间: 2013-8-12 18:51
^ We are far from rational because we don’t give up if we fail? umm seriously?作者: rohitdoshi 时间: 2013-8-12 18:56
I failed last year and took it again. If I fail again, I will take it again. I will not have wasted my previous 3 years in vain I will learn from my mistakes and know the material even better. My approach and performance on exam day compared to last year was like night and day. I knew what the game plan should be on the AM and I finished, which I didn’t last year. I approached my study differently and the material came much easier because you retain a lot of the concepts. If I don’t pass this year it will be because I didn’t know the material absolutely cold and a few sections hit on my weaker areas. But I am confident those will be eliminated by next year. Having said that, I’m hoping that I passed ha作者: neil1234 时间: 2013-8-12 19:04
when I was preparing for L2 I had said THE exact same thing to my girlfriend, I would really never retake the exam if I failed… For Level 3, I don’t know because material isn’t so big and when I can see end of the tunnel… can’t say anything… but lets hope we pass… ) usually passing rate in this forum is quite high…作者: Chuckrox8 时间: 2013-8-12 19:07
I can see people quitting if they fail Level 2. I have to believe the beast that is Level 2 kicks out far more than Level 3. Heck, I told myself if I couldn’t pass Level 2 after 3 tries, I was done (failed it once).
By Level 3, you KNOW you can do this. IMO Level 3 is easier than Level 2, or at least the same as Level 2, and I know alot of others agree.
That being said, alot of us like me now have a child, which were not around during the first 2 levels. An added dimension of priorities. And if you aren’t in the investment world and are doing this for some other reason (OP?) I can see people walking away.
Still, what is the point of quitting now? All the months and years of studying down the drain. Nothing to show for it but a couple thousand bucks you paid to be miserable.
I will give myself 5 tries on Level 3, although I hope I only need one作者: Iginla2011 时间: 2013-8-12 19:09
Nobody would let me quit. And I had plenty of opportunities. Not my wife. Not my boss. Not my kids. And therefore it never really was an option. Although I told a lot of people that if I did not pass L3 this last time, that would be it. But when push came to shove, I probably would have signed up again.作者: BelalM 时间: 2013-8-12 19:12
I will definitely retake once. Beyond that who knows. Depends on circumstances.作者: fishmarket 时间: 2013-8-12 19:17
Am I the only one that had never heard of Dagobah before, and had to Google it to see what it was?
I won’t play an assumption game based around failure though. The power of positive thinking!作者: bpdulog 时间: 2013-8-12 19:20
I dont see any use in quitting now. Could have/Should have done that at Level 1, not now!!
Whats the point in swimming 67% of the sea and then saying I am tired and going back. Going back you actually swim 67%, instead of the 33% in front of you.作者: bpdulog 时间: 2013-8-12 19:25
So much negative? I am saying I am being positive and will take level 3 if I have to
Yes we dont have to swim 67% back, but 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!!!作者: ASSet_MANagemen 时间: 2013-8-12 19:27
Not sure, I would be in a different country and hopefully in a new company.作者: Analyze_This 时间: 2013-8-12 19:35
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.作者: tango_gs 时间: 2013-8-12 19:38
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.作者: Halawiz 时间: 2013-8-12 19:43
I’ll retake no question and kill it chomp chomp作者: neil1234 时间: 2013-8-12 19:56
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!作者: bodhisattva 时间: 2013-8-12 19:59
Yes, absolutely. That being said hopefully I won’t have to.
) usually passing rate in this forum is quite high…