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Started By
Message
re: The butthurt is Strong: CFA L1 Failure is Super Salty
Posted on 8/24/16 at 12:44 pm to TheHiddenFlask
Posted on 8/24/16 at 12:44 pm to TheHiddenFlask
quote:
The comparable certificates would be the Bar exam and medical boards, which can all be taken more times without repercussions than level 2 and 3 of the CFA
There are serious repercussions to failing the bar, any portion of the three parts of the USMLE exams, or medical specialty boards.
For example Alaska (certain other states have similar rules) limits each Step exam to only two attempts and has a time span they must be passed within. Plus there is the much larger problem of finding a residency or fellowship with failed attempts on your record.
For the bar,(granted I have never taken it) it is my understanding that many people lose their jobs over one or two failed attempts.
The assumption that you can just fail tests multiple times in other fields and have no problems is simply not true.
This post was edited on 8/24/16 at 12:45 pm
2
Posted on 8/24/16 at 1:03 pm to BearsFan
quote:
The assumption that you can just fail tests multiple times in other fields and have no problems is simply not true.
But when you take other tests, you know what score you want/need. The CFA minimum passing scores are set after the tests are taken. Imagine getting a 75 on a test and thinking you passed... until you see the minimum passing score is 76, for example. I'd probably still compare the CFA to the CPA or CFP, though.
Also, boo that "writer" and the Huffington Post. If they were crap, they wouldn't even be fit for use as fertilizer.
Posted on 8/24/16 at 2:08 pm to BearsFan
quote:
There are serious repercussions to failing the bar, any portion of the three parts of the USMLE exams, or medical specialty boards.
Please tell me about the repercussions that are greater than having to start back at the beginning. I might have dated info, but you can take the LA Bar 6 times and qualify with partial passes. There is none of that nonsense with the CFA.
quote:
For the bar,(granted I have never taken it) it is my understanding that many people lose their jobs over one or two failed attempts.
The assumption that you can just fail tests multiple times in other fields and have no problems is simply not true.
The same thing is often true of financial exams. I'm thinking this guy got canned for failing.
quote:
The assumption that you can just fail tests multiple times in other fields and have no problems is simply not true.
I know a lot of people that failed the bar, passed later, and still have the exact same law license as any other lawyer. If you had read the article (or carefully read my statement), you would have seen where I was going with that, but I see how my wording could be confusing.
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