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re: CFA: TEST OVER. Results in...

Posted on 5/21/12 at 10:49 pm to
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/21/12 at 10:49 pm to
Schweser stuff feels fine for L2, IDK what your second question is asking.
Posted by raw dog
Baton Rouge
Member since Nov 2011
483 posts
Posted on 5/21/12 at 11:00 pm to
Never heard that Schweser "under prepares"
Posted by Tiger4
Member since Jan 2009
8761 posts
Posted on 5/21/12 at 11:30 pm to
quote:

Schweser stuff feels fine for L2, IDK what your second question is asking.

Ok, just want to make sure that the material is on the same level as the exam.

The second question is:

What are the benefits of attempting scoring the highest possible score?

Since the exam is pass/fail, are there any benefits of doing 'great.'

Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/21/12 at 11:33 pm to
Cramming more material that you'll never use in your life, forget in less than 2 weeks post-test, and watch a few more hours of probably the best possible time (20s, spring) in however many years you might be lucky enough to exist on this planet slip slowly by? I'd say no, but others might have more to add.
Posted by Tiger4
Member since Jan 2009
8761 posts
Posted on 5/21/12 at 11:43 pm to
quote:

Cramming more material that you'll never use in your life, forget in less than 2 weeks post-test, and watch a few more hours of probably the best possible time (20s, spring) in however many years you might be lucky enough to exist on this planet slip slowly by? I'd say no, but others might have more to add.
Thanks. Could put it on a resume? You find more useful things to do, for yourself with the time spent studying for the CFA.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 5/21/12 at 11:44 pm to
fizz is just being jaded because he likely gets less sleep in a month than many get in a week.

You should try to get as high a score as possible. You won't get acknowledged for it. You're not going to get a medal. But putting your brain through that learning process and truly mastering the material will bear a lot of fruit towards your longer-term development, even if you do forget it within a week after taking the test.

ETA: And, I should add, this is also coming from someone sitting for L1 of the exam. But I've taken a few other tests in my day as well.
This post was edited on 5/21/12 at 11:47 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/21/12 at 11:50 pm to
Actually, you explicitly cannot put it on your resume (obv yall are lying about your ethics scores). Srsly tho, the only benefit is personal.
Posted by Tiger4
Member since Jan 2009
8761 posts
Posted on 5/21/12 at 11:51 pm to
quote:

You should try to get as high a score as possible. You won't get acknowledged for it. You're not going to get a medal. But putting your brain through that learning process and truly mastering the material will bear a lot of fruit towards your longer-term development, even if you do forget it within a week after taking the test.
Not good for my ROL.

The best reason I can think striving to great on the test is to improve one's test skills. Considering taking the LSAT. I don't know what kind of returns the CFA 'experience' will have for the LSAT, or the similar exams.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/21/12 at 11:51 pm to
Well it was only kind of tongue in cheek.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 5/21/12 at 11:51 pm to
quote:

Actually, you explicitly cannot put it on your resume (obv yall are lying about your ethics scores). Srsly tho, the only benefit is personal.


Yes, you can. As long as its factual and he isn't referring to himself as a charterholder.

He could say he's a candidate for Level II and that he scored the highest score ever on Level I if in fact that was true. Now there's surely no way he'd know that, so maybe that's the point you're arguing?
Posted by Tiger4
Member since Jan 2009
8761 posts
Posted on 5/21/12 at 11:53 pm to
quote:

(obv yall are lying about your ethics scores).
I haven't even registered for L1, I have been talking about if for 3 semesters. I just don't want it to conflict with school.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 5/21/12 at 11:53 pm to
quote:

Not good for my ROL.

The best reason I can think striving to great on the test is to improve one's test skills. Considering taking the LSAT. I don't know what kind of returns the CFA 'experience' will have for the LSAT, or the similar exams.


But good for your ROL (Return on Liver)

Put the booze down for a couple weeks and crush the hell out of this exam inasmuch as that is possible.

CFA and LSAT are both analytical, but in different ways. If nothing else, the CFA will do a great job of building up your test endurance for the LSAT.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 5/21/12 at 11:54 pm to
quote:

Well it was only kind of tongue in cheek.


I know, I know.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/21/12 at 11:56 pm to
quote:

Yes, you can. As long as its factual and he isn't referring to himself as a charterholder.

He could say he's a candidate for Level II and that he scored the highest score ever on Level I if in fact that was true. Now there's surely no way he'd know that, so maybe that's the point you're arguing?



In my head I was referring to the part where you can't say "passed all 3 parts of the exam on your first try," but really just the overarching rule that "all charterholders are equal." They go out of their way to make sure you understand that you're not can't differentiate your charter from another person's, and specifically as relates to your success in taking the test. That, and using CFA as a noun, which if I ever pass this shite I will lobby to have changed because every one does it and it and it sounds overly high-falutin' to me.

eta: grammar/edit fail. tl;dc = too late;don't care.
This post was edited on 5/21/12 at 11:59 pm
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 5/22/12 at 12:02 am to
quote:

In my head I was referring to the part where you can't say "passed all 3 parts of the exam on your first try," but really just the overarching rule that "all charterholders are equal."


You can say that, too, as long as it's true.

Come on fizz, you're low hanging fruit right now.

Throw this ethics commander another.

(I'm just giving you a hard time because I know you've de-level-oned yourself since passing.)
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/22/12 at 12:16 am to
You're right, its only if you add something qualitative in the front of it. To me, writing something like "passed all 3 parts on your first try" by itself implies that you are implying something, even if you haven't explicitly said it. I realize that's not what the rules says though. I haven't looked at ethics yet, I'm glad I was able to at least remember that specific example though, and thumbing through the book for 5 minutes made me much less anxious about reading it again as I recall most of the topics off-hand. This does, however, lend more credence to my original point about memorizing useless shite that you'll forget a week after the test tho.

This post was edited on 5/22/12 at 12:21 am
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 5/22/12 at 12:21 am to
quote:

You're right, its only if you add something qualitative in the front of it. To me, writing something like "passed all 3 parts on your first try" by itself implies that you are implying something, even if you haven't explicitly said it.


Right, as long as you aren't trying to give the impression you're somehow more capable of achieving higher returns or what have you because of your CFA charter, you're in the clear IF the comments made are true. So if you saw a resume where someone mentioned they "passed all 3 parts on their first try" or were a "three up and three down kinda guy," you wouldn't be right to report them to the CFA institute or anything.

Some sort of blowhard hotline, though, would not be out of the question
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/22/12 at 12:24 am to
At first I thought it was stupid, but I agree with it now. Passing them in any particular speed/order is much more dependent on someone's personal situation than it likely is their intellect. I'm sure Athanatos could pass 1 and 2 with 3 weeks of studying if he didn't work 80-90 a week. I'm sure I could've passed 2 on the first try last year if I hadn't had to do it through my first (and last) busy season.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 5/22/12 at 12:25 am to
quote:

To me, writing something like "passed all 3 parts on your first try" by itself implies that you are implying something, even if you haven't explicitly said it.


This is a good point now that I think about it. It does seem to make a certain implication.

You might as well put AHEM after it in bold-faced 20-point font.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 5/22/12 at 12:34 am to
Next two weeks are going to suck so hard. 2 years in a row I'm using a week of vacation time (in June) to study for a fricking test instead of using it to go on a bachelor party trip. What the motherfrick. Got a wedding that night @ 5, I will be redefining the internet meme about how many fricks were not given. eta: I'm done bitching, this is a great vent thread.
This post was edited on 5/22/12 at 12:36 am
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