To retake or not to retake next, marriage, nothing, retake

joehogue

I had much better luck with Level I and II, but this is my THIRD attempts at the Level III. During which time I had missed my two little girls grow up. I'm not sure it will be worth for me to retake the freaking Level III next year. Not to mention, my marriage is suffering as well.


Any thoughts? I feel like I really have nothing more to give.

ohai

Per my employer, it's nice to have after your name but I have few collegues who earned the CFA charter and they're not rewarded for their efforts. So, I'm not sure at this point unless I go to other institutions.

mp3bu

ohai Wrote:
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> Passing L3 is not intrinsically valuable. What
> will be its effects on your career?


Um. It is valuable to have the CFA designation if you believe it to have value. Self-worth, pride, confidence -- these things have value.

Anyway -- if L3 has no value, then what say you about L1 and L2?

wake2000

I would keep taking it man... too much time and wasted $$ to quit now. You have to remember that as a rule-of-thumb, first time takers each year are at a disadvantage because its their first go-round with the new curriculum whereas you've seen it before. If you give yourself a legit chance to pass each year, chances are you'll eventually get through it... I'm most likely guna be a third timer next year because I thought the morning section this year may as well been written in hyrogliphics. Bottom line is that you're not alone in this torture so buck up and resaddle for L3 2011!

jmh530

charlottekid Wrote:
-------------------------------------------------------
>
> Um. It is valuable to have the CFA designation if
> you believe it to have value. Self-worth, pride,
> confidence -- these things have value.
>

Really? I would feel very sorry for someone who needs to derive self worth from a series of exams, but if that's the case for you, then so be it.



Edited 1 time(s). Last edit at Monday, August 2, 2010 at 03:00PM by ohai.

nannan66

I would keep taking it man... too much time and wasted $$ to quit now...........................................the concept of sunk cost mean anything to anyone?

susana

I'd say it depends on if it will have a significant impact on your career, whether at your current firm or next one, and if that impact will in turn make a significant impact on you and your family's life. If your life will more likely be improved (looking beyond financially) by spending more time with your kids and wife, then I would say that is what matters and where your focus should be directed instead of Level III. (...and from a financial standpoint, divorce, alimony and child support probably cost more than any future career benefits you would garner from having ", CFA" after your name)

bodhisattva

@ DTM86 sorry should have been clearer

i was quoting BrockLanders post couple posters up ................yeah no matter what the time is already gone the decision to take level 3 should be based on the incremental benfit vs incremental cost but of course you already knew all that

infinitybenzo

its really a catch 22, because when you get divorced bc of prepping so hard for the exam your wife will most likely take your kids which might lead you to do something irrational and unethical and then CFAI will pull your charter...

tread lightly in this situation buddy

mcmc

Keep taking it. Wives b!tch. If it's not about you not about being around enough it's that you're not making enough money.

Just plan accordingly. Try to find times to study so that you're still giving enough time to your family. You could wake up early and study. Study on your lunch break. Probably the best solution - Wake up early on weekends and study until 2:00.
Plus you shouldn't have to study as much as you did in year's past being you're a repeater.

Anyway you might pass in a few weeks so isn't this post a little early?