Ever since the exam is done, I’ve been surfing this page day and night. I’ve tried to go to Vegas to relax for a bit; nevertheless, it results in losing one grand. At this point, there are still 28 more days before the score release, I wonder how does everyone do? I don’t even have the mood to celebrate NYE. Also I recognize everybody think the exam is not hard, so it means the curve is going to be high while only 30% of the people will pass??!!??!! What should we do? Study for Level 2? Repeat Level 1? Chill for a bit?
I’m in the same boat as you CPAmak. At first it wasn’t so bad, but my anxiety is increasing inversely proportional to the time remaining until scores are released.
You guys need to go out. Happy New Year.
I keep checking the CFA website each day to see if scores have been released. I remember that the exam tickets were available on their website before they ever sent out an e-mail about it. I keep hoping that maybe the scores will be there.
Even I wanted to know how many people who thought they would start studying for L2 have actually started. Because I’d thought I would, but then I keep wondering if I’ve actually passed or not so I haven’t really been able to concentrate on anything. And of course even I haven’t been able to get the thought of results out of my head. I’ve been a silent reader of this forum for a long time and not a day has passed, when I haven’t checked the threads here first thing in the morning.
lol i feel exactly the same as you guys… just pray !
Got a question? Why are you guys such in a hurry for taking LII and want to hit the ground running. You can take it in 2010 & be more relaxed!!
Take the ‘chill’ option here until you have the exam result.
hey Mossy695, I totally agree. The grade waiting anxiety just extend as time increase! mcpass, I tried to chill… I even tried the men’s most wanted (str!p clubb) and it still doesn’t work a bit. Seems like result is the only cure. Anyway, 27 more days to suffer people… happy new year!
Man, I just hope I passed…
I’ve quit smoking on top of waiting for the results…talk about anxiety and irratibility
michael299 Wrote: ------------------------------------------------------- > Got a question? Why are you guys such in a hurry > for taking LII and want to hit the ground running. > You can take it in 2010 & be more relaxed!! And delay getting the charter for a year? That’s a dumb idea.
I havent even thought about it to be honest with you. I’m extremely confident I passed so maybe that’s why. I;'m not going for L2 this year, I dont have the experience anyway so even if I passed them all back to back to back Id have to wait another year anyway. It’s rare for people to pass all 3 back to back anyway, the average time to get it is like 7 years I heard somewhere so I really dont understand the rush. Unless you have the experience, its not like you can just command a 7 figure salary out the gate once you get the charter anyway. Especially in this market
7 years? Where the hell did you hear that? The average time is 4 years. However, that’s for people who end up getting it. Plenty of people never get it. And plus Passing L III is definitely worth something, and will definitely help you get a position to start accruing job experience.
jlive1975 Wrote: ------------------------------------------------------- > I havent even thought about it to be honest with > you. I’m extremely confident I passed so maybe > that’s why. > > I;'m not going for L2 this year, I dont have the > experience anyway so even if I passed them all > back to back to back Id have to wait another year > anyway. > > It’s rare for people to pass all 3 back to back > anyway, the average time to get it is like 7 years > I heard somewhere so I really dont understand the > rush. Unless you have the experience, its not like > you can just command a 7 figure salary out the > gate once you get the charter anyway. Especially > in this market First of all, I don’t think going back to back is all that rare among people who actually obtain the charter. There are lots of people on the L3 forum who were taking L1 with me last December. Second, why shoot for 7 years when you can pass the exams in 18 months? A basic time value of money computation will tell you that a charter received today is more valuable than a charter received 4-7 years from now. Each level passed can only help if you are trying to find a job that will help accrue work experience. If you really want something, I don’t see the point waiting some arbitrary amount of time to get it just to make things easier.
And 50% of those people will fail the L3 and have to wait another year, some will fail it 2x, some 3x. All at significant cost and time. Doing this back to back to back with a full work schedule and trying to maintain some sort of life is a major challenge. Maybe you’ll be one of the few that actually passes everything within 18 months on first shot, if so, I salute you.
I don’t see how waiting an extra year is going to help. if 4 months isn’t enough time to study for some material chance of passing, then you’re going to have serious problems ever finishing. And if it’s between L2 and L3, you have 9 months. If you can’t do it in that time (with serious commitment to it), you will never get it done. Yeah, it’s one thing if you’re slacking off or too busy to commit to it. But if you commit to it strongly for 4 months or 9 months and can’t pass, then this stuff isn’t for you. MOST people I know that procrastinate (and this includes me) will just waste the whole year if they delay it for a year.
I agree with you f2d. I ordered my L1 books last January and didn’t really touch them for the next nine months. Studied my ass of for the next three months and feel extremely confident that I passed and probably logged close to 400 hrs of study time. I’m planning on taking L2 in June because it will be way easier to jump back into studying after a month off then after a year off and with the help of Stalla, four months should be more then enough time to review the materials.
Yeah… I barely touched my books until the week before the exam, then crammed a good 100 hours into those 7 days (along with ~ 50 hours in the past 4 months). Assuming I passed I’m going to skip the barely productive 4 months of procrastination and just jump right into cramming 2 weeks before.