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CFA: The most difficult exam on planet earth?

CubsFanCPA wrote:

IsThereAny wrote:

CubsFanCPA wrote:

IsThereAny wrote:

CubsFanCPA wrote:

IsThereAny wrote:

MahaM wrote:

IsThereAny wrote:

MahaM wrote:

IsThereAny wrote:

MahaM wrote:

MrSmart wrote:

IsThereAny wrote:

MahaM wrote:

…. and the responses just prove my post right - lol - Thank you all.

Level 1 behind my back, approaching level 2 all confident that I can pass that exam BUT with a lot of hard work and efforts ;)

See if you feel the same after level 3… if you make it…

To my understanding, level 3 is less difficult than level 2.

Actually it is not about the level of difficulty, some people just like to put others down (just like how I explained in my post), so he just liked to send warnings around rather than sharing useful study tips ;) - But to be honest, if someone with such attitude could do it, it gives me assurance that I can too lol

Ya man levels 2 and 3 are easy! The hundreds of thousands of people that testify to their difficulty are all blowing smoke! It’s all a giant conspiracy! You should pass with ease MahaM!

No one really said that they are easy.. did I mention that and did not notice it perhaps? All I was saying that your atittude is silly, that’s all, did you not get that? ;)

I should pass them with hard work not with ease ;)

Quoted from OP:

MahaM wrote:

Have been reading different posts/arguments on here about how ‘DIFFICULT’ the CFA qualification is, most of them are coming from CFA Charter holders or L3 candidates. I find such attitude to be silly

MahaM wrote:

I think it is fine to use the word “challenging” CFA is surely and indeed going to be challenging for everyone taking it

So you’re saying that it IS NOT difficult, but it IS challenging? Now THAT is “silly”. Careful not to contradict yourself so blatantly on L3 (if you make it). 0 points.

BTW - There is a difference between ‘not difficult’ and ‘easy’ I thought that was obvious lol
 
Yeah, because this is the important part to focus on, whether the words challenging and difficult are meant to convey different meanings or not, well done, you grasped the main point of my post, because apparently I have written this post to raise this point!
 
Don’t worry, I have gone through complicated written exams before and I know how to express myself very well, never failed once ;)

You’re an imbecile lol.

BTW - difficult is an antonym of easy. Therefore, not difficult is a synonym of easy. Is that broken down enough for you or do you need me to explain it further?

This assumes that easy and difficult are collectively exhaustive of all things, i.e. something is either easy or difficult and can’t be neither. If not collectively exhaustive, then something could be both not easy and not difficult.

Wrong. My statement does not require easy and difficult to be collectively exhaustive. Thanks for playing.

This isn’t tested on the exams, so I’m not expecting you to know this, but my statement is logically consistent. I’m just playing real life bruh.

Yes but your statement made an incorrect assumption regarding my statement. We can all spew random facts if we wanted to. Better luck next year chief.

Haha, this will be a fun exercise. Make a venn diagram. Label one circle easy and the other difficult. For your logical argument that “not difficult is a synonym of easy” to ALWAYS be true, there must be two premises: the intersection of the two circles (easy AND diffcult) and the area outside the union of the circles (NOT easy AND NOT difficult) must be null. If those premises are true, the population is collectively exhaustive and mutually exclusive (easy OR difficult AND not both). To further expand, if the intersection is null but the area outside of the unions is NOT null, you CAN prove that easy is ALWAYS an antonym of difficult, but you CANNOT prove that easy is ALWAYS a synonym of NOT difficult.

P.S. Logic is a concept, not a fact. It is a fact that logic is a concept though.

Omg… are you serious? I didn’t read your whole paragraph but I think I see where you’re going with this… Cool argument. Let me use our logic in “real life”:

Person #1: That test was not hard.

Person #2: You thought it was cheesy?

Person #1: Where the**** did you get cheesy from? 

Person #2: Well, you could have meant that since ‘cheesy’ is TECHNICALLY not ‘difficult’.

Person #1: Dude, stfu by ‘not difficult’ I meant I thought it was easy you ****.

Person #2 (you): I know… I’m a loser.

You don’t get invited to many parties do you?

Hey Hamilton, have a holly jolly Christmas.

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I find the title of this post redundant, are there exams on other planets? But then if you believe in aliens it would make sense…

IsThereAny wrote:

CubsFanCPA wrote:

IsThereAny wrote:

CubsFanCPA wrote:

IsThereAny wrote:

CubsFanCPA wrote:

IsThereAny wrote:

MahaM wrote:

IsThereAny wrote:

MahaM wrote:

IsThereAny wrote:

MahaM wrote:

MrSmart wrote:

IsThereAny wrote:

MahaM wrote:

…. and the responses just prove my post right - lol - Thank you all.

Level 1 behind my back, approaching level 2 all confident that I can pass that exam BUT with a lot of hard work and efforts ;)

See if you feel the same after level 3… if you make it…

To my understanding, level 3 is less difficult than level 2.

Actually it is not about the level of difficulty, some people just like to put others down (just like how I explained in my post), so he just liked to send warnings around rather than sharing useful study tips ;) - But to be honest, if someone with such attitude could do it, it gives me assurance that I can too lol

Ya man levels 2 and 3 are easy! The hundreds of thousands of people that testify to their difficulty are all blowing smoke! It’s all a giant conspiracy! You should pass with ease MahaM!

No one really said that they are easy.. did I mention that and did not notice it perhaps? All I was saying that your atittude is silly, that’s all, did you not get that? ;)

I should pass them with hard work not with ease ;)

Quoted from OP:

MahaM wrote:

Have been reading different posts/arguments on here about how ‘DIFFICULT’ the CFA qualification is, most of them are coming from CFA Charter holders or L3 candidates. I find such attitude to be silly

MahaM wrote:

I think it is fine to use the word “challenging” CFA is surely and indeed going to be challenging for everyone taking it

So you’re saying that it IS NOT difficult, but it IS challenging? Now THAT is “silly”. Careful not to contradict yourself so blatantly on L3 (if you make it). 0 points.

BTW - There is a difference between ‘not difficult’ and ‘easy’ I thought that was obvious lol
 
Yeah, because this is the important part to focus on, whether the words challenging and difficult are meant to convey different meanings or not, well done, you grasped the main point of my post, because apparently I have written this post to raise this point!
 
Don’t worry, I have gone through complicated written exams before and I know how to express myself very well, never failed once ;)

You’re an imbecile lol.

BTW - difficult is an antonym of easy. Therefore, not difficult is a synonym of easy. Is that broken down enough for you or do you need me to explain it further?

This assumes that easy and difficult are collectively exhaustive of all things, i.e. something is either easy or difficult and can’t be neither. If not collectively exhaustive, then something could be both not easy and not difficult.

Wrong. My statement does not require easy and difficult to be collectively exhaustive. Thanks for playing.

This isn’t tested on the exams, so I’m not expecting you to know this, but my statement is logically consistent. I’m just playing real life bruh.

Yes but your statement made an incorrect assumption regarding my statement. We can all spew random facts if we wanted to. Better luck next year chief.

Haha, this will be a fun exercise. Make a venn diagram. Label one circle easy and the other difficult. For your logical argument that “not difficult is a synonym of easy” to ALWAYS be true, there must be two premises: the intersection of the two circles (easy AND diffcult) and the area outside the union of the circles (NOT easy AND NOT difficult) must be null. If those premises are true, the population is collectively exhaustive and mutually exclusive (easy OR difficult AND not both). To further expand, if the intersection is null but the area outside of the unions is NOT null, you CAN prove that easy is ALWAYS an antonym of difficult, but you CANNOT prove that easy is ALWAYS a synonym of NOT difficult.

P.S. Logic is a concept, not a fact. It is a fact that logic is a concept though.

Omg… are you serious? I didn’t read your whole paragraph but I think I see where you’re going with this… Cool argument. Let me use our logic in “real life”:

Person #1: That test was not hard.

Person #2: You thought it was cheesy?

Person #1: Where the **** did you get cheesy from? 

Person #2: Well, you could have meant that since ‘cheesy’ is TECHNICALLY not ‘difficult’.

Person #1: Dude, stfu by ‘not difficult’ I meant I thought it was easy you ****.

Person #2 (you): I know… I’m a loser.

You don’t get invited to many parties do you?

So you’re wrong. Cool. Keep on trolling!

this most difficult to pass has to be the HIV exam, you prob want to fail that

"You want a quote? Haven’t I written enough already???"

RIP

MahaM wrote:

Have been reading different posts/arguments on here about how ‘DIFFICULT’ the CFA qualification is, most of them are coming from CFA Charter holders or L3 candidates. I find such attitude to be silly, I also find arguing someone who says that they found CFA to be doable or okay, not THAT difficult in other words, to be even sillier!

I mean, if someone says a qualification is not insanely difficult, you can’t just argue them back and say:  You know what, you are mistaken, it is very difficult, but you just didn’t notice it lol (No offence, I am just sarcastic like that) – Or, try to imply that they don’t know what they are talking about because they are L1 candidate and then you start warning them about L2 and L3 in such a ridiculous manner.

All of this is just not true and not right. I work in an audit firm and as you may know, such professional qualifications are very popular in these firms, so I know a lot of people doing different qualifications and I have seen all kinds of attitudes during my years working there. I have also personally known people who passed  L1 and L2 on first attempt, I have known another person who passed all three levels on first attempt – and no, they were not geniuses, just normal people like anyone else I know.

So, your arguments of: Call me when you get to L3, or … let’s see when you actually start studying for L2 are just not valid. How do you know that you are not talking to someone who has the capability of clearing the three levels on first attempt? Some people have done it before and I have met some of them, so why do you directly assume that you are talking to someone who won’t be able to do it?

I think in a way, you guys are trying to market the qualification you have and the accomplishment you’ve achieved by exaggerating the difficulty, surely the more difficult the qualification is, the more worthy it is and the more you look better for getting through it, but don’t you think your attitude is just unprofessional and silly? CFA is already known to be such a challenging qualification and it is a respected designation, you don’t need to act as such, if anything, you are hurting the designation with such cynical and unprofessional attitude.

Do not say difficult, because difficult is relative! What’s difficult depends on the person himself and it differs from one to another… plus, CFA is not exactly rocket science! I think it is fine to use the word “challenging” CFA is surely and indeed going to be challenging for everyone taking it. Because:

-       Questions are challenging, they are not clear cut – Now that’s challenging!

-       You will need to devote a lot of time studying for it and you will probably not have much social life specially if you are a full time worker like me – Now that’s challenging!

-       You will need to grasp a lot of concepts, spanning through various topics, study big fat books and memorise tons formulas –  Now that’s challenging!

-       You will need to sit through a six hour exam and maintain your motivation through it  – Now that’s challenging!

-       As with all professional exams, the pass rate is low, so you will need to be better than other candidates in order to be amongst those who pass – Now that’s challenging!

-      … and so on and so forth.. I am sure some of you can come up with some other points.

Clearly what I mentioned above applies on almost every CFA candidate, it doesn’t matter whether you are very intelligent, you are a committed person, you come from finance background, you have a good memory etc… none of us has it all, surely having to accommodate ALL the challenges is going to be tiring and will require a lot of efforts, and that’s challenging, so I can safely say it is challenging without exaggeration, as it is going to be challenging for everyone. If someone says that they didn’t have to study that much for the exam, or that CFA questions are so easy, they are probably not being honest here because it simply isn’t true, you will need to do a lot of studying to cover a lot of materials in different topics, and you will need to do a lot of practice to get through tricky questions …. But the point is, once you’ve done all that stuff, you are going to pass, it is only about putting in the efforts to overcome the challenges, and if you put in these efforts, it isn’t going to be ‘difficult’ to clear the real exam.

So, don’t call it difficult and exaggerate it too, don’t assume that your experience is going to apply on everyone else, if you have failed a couple of times before you pass the exam, don’t assume that it is inevitable and ask them to get back to you after they get their results as if you are sure they are going to fail, because you did! 

That’s just illogical, we are not identical people – If you have passed this challenging exam, be positive, share useful tips, talk about your experience honestly without exaggerating and do not look down upon starters, specially that those starters may actually be capable of managing this experience in a better way, they may be capable of accomplishing what you’ve done in fewer years, so quit that arrogance and be realistic! 

stop worrying about how others perceive the CFA exams difficulty and finish your L2 and L3, and then after you finish all three levels and get your charter like myself you can come on a website like this and start shooting the sh*t with people and have a good time. I dont know if there are any others like me out there but i have known about this forum before i started doing any of the CFA exams but i never came on it during the years i was doing the CFA exams because It is absolutely counter productive to be spending your time on forums like this during your pursual of the charter, creates a lot of unnecessary noise that is never helpful… who finds what difficult adds zero value to your preparation and you should not even be paying any attention to it let alone be frustrated about it to the point that you have to come on here and write an essay about it 

MahaM wrote:

IsThereAny wrote:

MahaM wrote:

…. and the responses just prove my post right - lol - Thank you all.

Level 1 behind my back, approaching level 2 all confident that I can pass that exam BUT with a lot of hard work and efforts ;)

See if you feel the same after level 3… if you make it…

ha ha! I will make it, don’t you worry about that ;)

It’s August 2019, and OP is still Level 2. But he’s making it, slower than usual, but making it…

tl;dr

Sometimes I like to go in my backyard and dig myself underground and pretend I’m a potato 

-mental state after reading this thread 

I’m afraid same rules apply. Nothing is difficult it’s all about practice. The more you do something the better you become. Everything is difficult and hard if you don’t know it.

Learning how to walk? - damn hard at first

Learning how to talk? - start off with a few sounds, tough one but 20 yrs later you are on novels.

Learning maths and physics? - hard if you don’t have a clue but becomes easier with practice. 

CFA should be viewed as a tool towards getting into an investment profession and not as an exam. A lot to read? Try reading on Economic Thought and Financial History from 17th C to date. That’s a lot and never stops  

Following is a post I wrote a few years back, in response to a question asked by a CFA Level 2 candidate who had failed the exam on his second attempt and was thinking of quitting the program and was thinking of pursuing a different career altogether. To help him get his act together I decided to give him some “tough love” with the hope ………. he would listen.

To read the post on LinkedIn click the link below:

https://www.linkedin.com/feed/update/urn:li:activity:6574561223558352896

Hope it helps those who need it most at this difficult time.

I just wanted to come back to this post and let people know I’m doing a lot better now since the Cubs won the world series.