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CFA material wise was 3rd year undergrad at best…the hard thing about CFA is that you get 1 shot and if you fail, you get wacked and no girls will ever date you…
i took some phd courses in econ when i was in grad school…..they were very difficult (but useless).
PHDs require a ton more work in addition to way more brain power……however, not many ppl fail their PHDs, they just take forever to do it

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