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Message
re: The butthurt is Strong: CFA L1 Failure is Super Salty
Posted on 8/24/16 at 1:03 pm to BearsFan
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.
2
Posted on 8/24/16 at 1:38 pm to Omada
How can it be a scam AND be impossibly hard to complete?
Posted on 8/24/16 at 2:10 pm to Omada
quote:
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.
They basically guarantee you that a 70% is passing. They just don't tell you exactly what it is to avoid people overfocusing on mock exam scores and to retain their ability to over/under weight questions once they get their results. Being an annual exam, they don't have the luxury of continuous feedback like the CPA exam does.
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