Article I saw this monring about passing exactly, passing, themselves, 620

sabina

This makes me want to slap this person. I can't help but look down on someone who writes lower-tiered news articles about finanice rather than making a career for themselves. Also, obviously this guy is not a charterholder. I would say that 11,620 new charterholders isn't exactly a flood of new people.



Getting a CFA is a savvy -- albeit arduous -- way to stand out from the crowd. Unfortunately, it’s also an increasingly common track.

In June, a record 22,784 people took the penultimate Level III exam, according to data released yesterday by the CFA Institute, the Charlottesville, Va.-based nonprofit that administers the test. Some 11,620, or 51%, of those folks passed. That’s more than any other year but 2006, when an improbable 76% of candidates cleared the final test hurdle.

Meanwhile, the Level II test drew a record 44,175 candidates, and almost 19,000 of those folks passed, also a new high.

The number of people who took the first test was second only to late 2008 when a flood of candidates rushed for accreditation in the face of the gathering economic storm.

The bummer for those who have just learned the secret CFA handshake is twofold: more employers will expect the designation and more other candidates for a job are likely to have it. That said, my hat's off to those who stuck it out.

AnalystForum

Penultimate means second to last. It really annoys me when writers use this word incorrectly to make themselves seem smart.

infinitybenzo

hezagenius Wrote:
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> Penultimate means second to last. It really
> annoys me when writers use this word incorrectly
> to make themselves seem smart.

Yeah, noticed that too. This person is a journalist?

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Every body do not forget I can clear describe my case ; I am not crazy ! I talk the truth only.
-qqqbee

ruchita

Journalists often make such mistakes.

yospaghetti

^ I'm sure a fair amount of those L3 passers will have to wait until they get their four years of experience. There seem to be an increased number of early 20-somethings (even on these boards) or career-switchers who have cruised through the exams by age 23 or so.

busterbluth

I don’t post much – only when I can’t resist. Let’s assume what this disgruntled journalist says is actually true. This “bummer” isn’t twofold at all. If employers will expect the designation, then those who do not have it are eliminated. That’s a strong case for having the charter. That’s a huge segment of the job candidate population (those without charters) that just went “poof”. Then we are supposed to believe that an increased number of charterholders is a bad thing for dilution? That’s contradictory – and it doesn’t take a genius to see it.

I'm not making any claims in the above, I'm just drawing a conclusion based the journalist's own words. Again, this assumes what the journalist says is true – but don’t count on it.

cfa10yrplan

ohai Wrote:
-------------------------------------------------------
> While this article should be edited for
> grammatical errors, I don't see anything wrong
> with the fact that it was written. Are you saying
> that only people employed by financial
> institutions should write finance news articles?
> Should only professional athletes write about
> sports?


I just found it a little tacky someone who probably didn't go through the program was more or less saying that due to the numbers this year, employers are changing their hiring habits. At least give it a few days - not the morning after. It just got to me that the first thing I read this morning was this, after the long journey everyone had been through these past 3-4 years.

wizofoz

kwmitch Wrote:
-------------------------------------------------------
> I don’t post much – only when I can’t resist.
> Let’s assume what this disgruntled journalist says
> is actually true. This “bummer” isn’t twofold at
> all. If employers will expect the designation,
> then those who do not have it are eliminated.
> That’s a strong case for having the charter.
> That’s a huge segment of the job candidate
> population (those without charters) that just went
> “poof”. Then we are supposed to believe that an
> increased number of charterholders is a bad thing
> for dilution? That’s contradictory – and it
> doesn’t take a genius to see it.
>
> I'm not making any claims in the above, I'm just
> drawing a conclusion based the journalist's own
> words. Again, this assumes what the journalist
> says is true – but don’t count on it.

Well said. Lot of people in IT and backoffice are working towards CFA even though many of them may not directly work in PM or front office. That means even for IT or backoffice job search, having any level of CFA experience is a plus.

therecruit

hezagenius Wrote:
-------------------------------------------------------
> Penultimate means second to last. It really
> annoys me when writers use this word incorrectly
> to make themselves seem smart.


great minds think alike

Swanand

hezagenius Wrote:
-------------------------------------------------------
> Penultimate means second to last. It really
> annoys me when writers use this word incorrectly
> to make themselves seem smart.


this.

i would never bother reading a word further after seeing someone who claims to be a writer misuse a word like that.