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Exam date 23rd June?

Anyone seen the 2018 exam dates? It’s on 23rd? Could anyone know why? 

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From what I’ve heard, it’s to accommodate Ramadan.  I guess it was a pretty big issue this year with all the fasting around test time, which is understandable.  

Ohhh thanks 

SJ2017 wrote:

From what I’ve heard, it’s to accommodate Ramadan.  I guess it was a pretty big issue this year with all the fasting around test time, which is understandable.  

My God..is this true? If so, I better pass this year so I don’t have to retake in 2018. It’s bad enough that our springs (at least in the Northern Hemisphere) are occupied studying for this damn test, let alone taking a few more weeks to accommodate a small minority of test takers. What’s next, moving the test day to a Friday to accommodate Orthodox Jews?

Strange that they move it next year but kept it first Sat of June this year… must have either been caught unaware this time, received a lot of complaints or perhaps observed below normal scores from predominantly Muslim test centers?

They just need to make it available twice a year at least. The rooms can get just that big. In major hubs, thousands of people have to be crowded in those places. There is no reason whatsoever for the test to be offered once a year, except legacy and bragging rights. The participation has grown so much, they simply can’t ignore it any longer.

Something unimaginable! I could not believe and rechecked CFA Institute site. It’s true.

Why! It always was first Saturday. Nothing prevented jews to participate.

Ramadan is a moving target. What if it falls on results release? Move it as well to allow muslims to celebrate?..

And I would understand say one week, but THREE! This is bizarre. I am shocked. There are dozens if not hundreds catholic and Russian orthodox religious holidays and they fall on whatever day they fall and noone generally cares. And Chinese with tens of thousand students also have a say.

The worst, all this moves results to mid August for levels I and II and to the very end of August for level III.

Cynical Man wrote:

They just need to make it available twice a year at least. The rooms can get just that big. In major hubs, thousands of people have to be crowded in those places. There is no reason whatsoever for the test to be offered once a year, except legacy and bragging rights. The participation has grown so much, they simply can’t ignore it any longer.

I think that’s a good point, but I do like the fact that L2 & L3 are annual. Makes it seem more prestigious if it’s once a year, probably because that makes it more stressful. If I failed L3 and it was semiannual, I’d just shrug my shoulders. No big deal since the next test is only 4 months away.

Is this a joke? 

"One day, I will solve my problems with maturity. Today however, it will be with alcohol"

So are people upset about the change itself or about the reason for the change?

Personally, I am upset that there is a whole 10 days overlap with the World Cup which starts June 14th

I am very upset that this important and contradictory decision was not broadly discussed with CFA Institute members in advance. It reflects the current level of governance.

If it were, it would look like a gift, but now it looks like something wringed by sheichs from us all, no?

Cynical Man wrote:

So are people upset about the change itself or about the reason for the change?

Personally, I am upset that there is a whole 10 days overlap with the World Cup which starts June 14th

World football cup will start before exam date. We’re screwed if we don’t pass. Maybe someone could intervene to postpone until September the 1st?

Divided We Stand...

It’s not about religion. It is about power (re)distribution…

vtikhomirov wrote:

I am very upset that this important and contradictory decision was not broadly discussed with CFA Institute members in advance. It reflects the current level of governance.

If it were, it would look like a gift, but now it looks like something wringed by sheichs from us all, no?

preach!

Level 3 is kinda like going to a buffet and getting more food than you can finish. Quitting and throwing it away hurts more than if you just sit down and finish it. - VWJETTY

This decision makes it impossible for me to take the exam next year as I have a family event to attend that weekend out of town.  If I don’t pass I’m screwed.  Feels totally ridiculous and unfair that they would change something that they have consistently done for years without more transparency surrounding the decision.  They should have let us know it was under consideration.  I echo the above comment about current governance.  Very disappointed.  

VWJETTY wrote:

vtikhomirov wrote:

I am very upset that this important and contradictory decision was not broadly discussed with CFA Institute members in advance. It reflects the current level of governance.

If it were, it would look like a gift, but now it looks like something wringed by sheichs from us all, no?

preach!

I concur. In my view, CFAI’s decision to move the exam a whole three weeks later is reflective of current political sentiment in the United States. This seems to be a knee jerk reaction in order to placate a vocal minority at the expense of inconveniencing the majority, just to avoid looking insensitive.

No offense to our fellow candidates and charterholders who are Muslim, but Ramadan is an annual occurrence and they seem to balance religious, personal and work responsibilities just fine.  It’s part of being Muslim in the modern world. I don’t see why 90+% non-Muslim candidates have to be inconvenienced for 3 whole weeks to accommodate a minority of test takers.

This is ridiculous. I would be outraged regardless of the reasoning for moving the date. Beginning of summer is already ruined - now I give up another month of precious sunlight to studying?

And what really gets me is they did this quietly - thankfully some twitter users posted on AF otherwise i would not have noticed? A big change like this, when it has been the first saturday of June for years - I would expecct to see an email or some sort of announcement and explaining the reasoning (not just via twitter) - maybe that will still come.

Many will register tomorrow without realizing the date has changed.

THIS IS GOOD NEWS for 2017 test takers..

it’s possible CFAI lowers the MPS (higher passing rate) to compensate for negative impact it had to Muslim candidates.

(or the performance of Muslim candidates systematically lowered the curve for everyone..)

God is great!

^ recallability trap.

Divided We Stand...

danv0330 wrote:

THIS IS GOOD NEWS for 2017 test takers..

it’s possible CFAI lowers the MPS (higher passing rate) to compensate for negative impact it had to Muslim candidates

God is great!

Really not sure I agree with that assumption. 

GREAT NEWS for 2017 candidates!!

it’s telling that level 1 and 2 passing rates were the higher in 10 years!! 

CFAI was obviously disturbed enough by the Ramadan impact to change it in 2018. It’s likely they observed something in the data. It’s possible Muslim candidates underperformed leading to a lower curve or the CFAI made a decision to lower the MPS..

either way.. passing rate for level 3 this year may be the highest in many years

I can’t believe it’s been moved to 23rd. I am equally shocked and think it’s a little shocking that they do not run this by candidates first. Many people make plans in June on the notion that the exam date is always first saturday. 

From a study perspective it just drags out the process too.

.....woof

Between the debacle with results yesterday and this news today, it’s clear that the one thing we can all count on is pain.  Both when you expect it and when you don’t. 

This has not been thought out at all. A vast majority of candidates from the US and the UK benefit from having Memorial Day in the US and Bank Holiday in the UK the Monday before the exam. This would mean these candidates will have to taken an extra day off for a full revision week before the exam. 

Thats not to mention having an exam around summer solstice will impeed on sleepimg patterns if you are in the northern hemisphere.

Revision is futile......

people will just adjust studying schedule.. aka start cramming the second week of June

By middle of May I was already in the “I’m just trying not to forget anything” mode because I felt ready. If I have to retake it I’ll have to definitely start my studies later as I did begin to feel burnt out. 

Ok like the fact that the 1 box / 2box theory is being pushed down the list of posts…

While I am not upset because this means more study time. Changing the date for the whole world just because of Ramadan is insane. Ramadan does not prevent muslims from taking exams or performing jobs. This is crazy!! There are so many religions out there CFA will not be able to accomodate everyone!! Do no mix religion and business, it’s bad. 

TooDavistated wrote:

While I am not upset because this means more study time. Changing the date for the whole world just because of Ramadan is insane. Ramadan does not prevent muslims from taking exams or performing jobs. This is crazy!! There are so many religions out there CFA will not be able to accomodate everyone!! Do no mix religion and business, it’s bad. 

What is “crazy” about that? I can’t see any harm in the delay.

It’s almost two weeks delay and this will give candidates more time to study.

CFAI will not be able to accommodate all religions! what is the basis for this odd argument? the logic says is that CFAI will do the same if any similar event happens with other religions.

You should be more humanistic, love good for others, and avoid being selfish.

CFAI just f’d up my summer… WTF, why not move it up to mid-May?  Now as soon as we walk out of the exam, days are getting shorter, just ruined the best season of the year.  Plus CFAI should be apolitical and a-religious.  F it.