Different topic but does anyone feel awkward doing the private wealth case studies which involve people with millions of dollars?
Thanks for bursting the short lived bubble 
I can apply for the scholarship now,just wondering whether anybody tried applying for student scholarship under the general scholarship? I am getting the below,everybody getting the same message?
Contact Us for Assistance
Our records indicate that you may already be registered for the exam or there is another issue preventing you from applying for this scholarship. Please contact us for further assistance. A scholarships team representative will respond to your inquiry within two business days.
Awkward in what way? We have 8B in AUM at my shop so I’m desensitized to scale now…which has hurt my risk management in my personal account lol
Im getting the same message, if we both pass, we may be onto something! Otherwise everyone may be getting this message. I want to think its a tell but we may all still be logged as technically registered for the exam…
Also, maybe if you’re not attending an affiliated uni, that could be a reason for this message? (as the student scholarship is for students associated with affiliated university?)
That’s what the topic of private wealth management is. How is that awkward? You don’t hire a PWM when your net worth is 50k
Yeah I’m able to apply for the scholarship. It brings it up for me. I used to get an error but now i am able to apply. Not very confident on passing.
Institutional is different, I manage billions too but it’s institutional money. The individual stuff I can’t relate to and it makes me feel poor. Some of the case studies involve people who want to leave millions to their university or some charity and here i am trying to built up my cash reserve after I bought my condo. There’s that case in the text with the old dude who marries a much younger woman and now needs to pay for her kid’s education. I just find that case very inappropriate to include as part of the curriculum. It is depressing to read about all these people who have millions that I doubt I will ever have.
vwjetty, are you clicking ‘access scholarship’ on the Scholarships page, or ‘Student scholarship’? I think there may be an error for student scholarship, maybe if you didn’t attend an affiliated uni [or for everyone] but it works for the main access scholarship? Anyone confirm?
I attended an affiliate university. And I clicked on ‘access scholarship’ not sure what this ‘student scholarship’ is or where it’s at.
Again, the topic is private wealth management. If you ever work in private wealth management you will deal with the types of issues you are describing. If reading about the financial goals of rich people makes you uncomfortable maybe you are in the wrong industry
Oh ok, just my theory, but maybe it might work if you went to an affiliate uni. On my browser FireFox the student scholarships link is in a list of Access, Women’s, and then Student’s scholarship and a couple others. I also tried using Chrome and it has the same format. I use an imac
I’m on the institutional side, not private wealth. I just have to study it and find it uncomfortable.
Ok that case, I get the same message you guys are getting in the student scholarship. but for the access scholarship I am able to apply. Using Chrome. And checked using Internet explorer. cleared cashe. Whole 9 yards. I don’t think this is a tell because if it was, then it wouldn’t matter what scholarship it is you wouldn’t be able to apply for it at all.
I was getting my hopes up about this potential tell. As great as the new format may be with confidence boxes about extraneous factors and sleeping considerations and percentile ranges, I’d trade it for a simple e-mail now sent at an unpredicable time with just
Y or N
update is not likely to surface now even if there was a tell. In 2016 there was a tell (and it was proved to be accurate) and in 2017 I believe the tell failed because I had all the signs of a ‘pass’ and I failed.
But even if there was a tell to surface it wouldn’t happen right now. I think the schedule says this week they’re doing MPS setting for L3 and next week is quality control. So by the earliest it would be mid-next week.
understood my point was if that makes you uncomfortable finance may not be for you
start reading the Comp sections of medium or large public companies’ proxy statements. Do the math on how much you can accumulate in just a few years in those jobs. The amounts in the case studies I recall are actually pretty small in comparison.
if it makes you feel awkward give it some time and do things like the above to get a better sense of how the financial system works.
you probably just lack familiarity with it which is s normal thing if you come from a modest (or less) background.
You do realize these are made up examples to serve as a background to the case, so that you can determine the risk and return objectives, time horizon, taxes, liquidity, legal and unique constraints, right? How can that make you uncomfortable? It seems you’re not focusing on what’s important, if you ask me. Did math examples with trains going against each other from two stations make you uncomfortable too?