"Passed all 3 all levels on first attempt" Does it matter?

[googs1484]

@4lols

It’s better only for the sake of your own personal time, but it’s laughable anyone would even think of putting this on their resume.

Not true. It would make sense for many jobs when your colleagues have failed levels 1 and 2 multiple times you would potentially be working for.

The CFA proves nothing about intellectual ability. It is a memorize-and-cram exam. If you actually simply just memorized all that without learning what it means then god bless you, I think that still displays intellectual ability. More importantly, most people in the financial industry don’t have time to take it every year because they have real jobs and work 12-hour days. You do not have to take it every year to pass on your first attempts. Take it on years you think you have more time. I think I am on track to pass on first attempts while getting married, having 3 children and starting 3 new job roles all over 3 years. All thanks to CFAI and maybe passing levels 1 and 2 on my first attempts.

So pretty much what you’re saying when you put this on your resume is that you havn’t had a real job in the last 3 years. Not to keep jabbing at you but that is incorrect as well. I have a very difficult job with long hours, with 3 children as I said, and still made time to study 2 hours a day, everyday. So is my job not real or do I work hard?

[thanatos0320]

@4lols

@Coastie

I guess it can say something about your planning & time management. Not to mention the superior returns you’d deliver

Superior returns? Based on what?

Having the C.F.A. guarantees you superior returns.

[googs1484]

@thanatos0320

@4lols

@Coastie

I guess it can say something about your planning & time management. Not to mention the superior returns you’d deliver

Superior returns? Based on what?

Having the C.F.A. guarantees you superior returns.

I dont he/she meant superior return from a market perspective. I think it was meant as far as executing on job tasks.

[4lols]

@googs1484

@4lols

It’s better only for the sake of your own personal time, but it’s laughable anyone would even think of putting this on their resume.

Not true. It would make sense for many jobs when your colleagues have failed levels 1 and 2 multiple times you would potentially be working for.

Why would it matter to any employer? Candidates who passed in consecutive years aren’t any better than those who have failed. You are interpreting the CFA to be some type of IQ test, which it is not.

@googs1484

@4lols

The CFA proves nothing about intellectual ability. It is a memorize-and-cram exam. If you actually simply just memorized all that without learning what it means then god bless you, I think that still displays intellectual ability.

Sure, it proves you likely have time discipline and can memorize. Those things are expected in the marketplace, they aren’t differentiating factors. And I also think you’re placing the CFA curriculum on a pedestal. A lot of what the CFA teaches is, at best, overly academic and, at worst, completely irrelevant. Mastering this material doesn’t privilege you versus job applicants with work experience.

@googs1484

@4lols

So pretty much what you’re saying when you put this on your resume is that you havn’t had a real job in the last 3 years. Not to keep jabbing at you but that is incorrect as well. I have a very difficult job with long hours, with 3 children as I said, and still made time to study 2 hours a day, everyday. So is my job not real or do I work hard?

Good for you. Some people simply can’t afford to allocate 2 hrs every day to study CFA material. It’s not an indictment of their character or intellectual abilities.

[googs1484]

@4lols

@googs1484

@4lols

It’s better only for the sake of your own personal time, but it’s laughable anyone would even think of putting this on their resume.

Not true. It would make sense for many jobs when your colleagues have failed levels 1 and 2 multiple times you would potentially be working for.

Why would it matter to any employer? Candidates who passed in consecutive years aren’t any better than those who have failed. You are interpreting the CFA to be some type of IQ test, which it is not.

@googs1484

@4lols

The CFA proves nothing about intellectual ability. It is a memorize-and-cram exam. If you actually simply just memorized all that without learning what it means then god bless you, I think that still displays intellectual ability.

Sure, it proves you likely have time discipline and can memorize. Those things are expected in the marketplace, they aren’t differentiating factors. And I also think you’re placing the CFA curriculum on a pedestal. A lot of what the CFA teaches is, at best, overly academic and, at worst, completely irrelevant. Mastering this material doesn’t privilege you versus job applicants with work experience.

@googs1484

@4lols

So pretty much what you’re saying when you put this on your resume is that you havn’t had a real job in the last 3 years. Not to keep jabbing at you but that is incorrect as well. I have a very difficult job with long hours, with 3 children as I said, and still made time to study 2 hours a day, everyday. So is my job not real or do I work hard?

Good for you. Some people simply can’t afford to allocate 2 hrs every day to study CFA material. It’s not an indictment of their character or intellectual abilities.

You failed a level didn’t you? You seem very sour towards this and appear to be taking very personally. Firstly, you are categorizing “passing on the first attempt” with “passing in consecutive years” when they are different buckets. I can pass on my first attempts by taking Li in 2010, Lii in 2012 and Liii in 2016. I did happen to take them consecutively but thats not what the OP was asking. I agree it is academic in nature, I wish it was more practice based but successful people start by learning the academics of any job and then applying them. You need to learn before you can apply.

“It’s not an indictment of their character or intellectual abilities.” Or maybe it is? How do you know that? Like I said, maybe you failed one and are taking it personally trying to defend yourself?

[4lols]

@googs1484

appear to be taking very personally.

Says the person who tracked me down from a thread in another forum . . . just to reply to one of my comments in this forum . . . with a temperamental wall of text . . . finished off with passive aggressive allegations . . .

But sure, I’m the one taking this personally lol

@googs1484

You need to learn before you can apply.

The CFA has little overlap with what people in finance actually do on the job, so mastery of the material is no indication of career success.

@googs1484

“It’s not an indictment of their character or intellectual abilities.” Or maybe it is? How do you know that?

Because the CFA isn’t an IQ test, it’s a series of memorization and regurgitation exams that anyone can pass with enough study time. I’ve passed all my exams in consecutive years, but know many people who have failed simply because they work 80+ hour weeks or experience elevated deal activity in April and May.

Hate to break it to you kid, but you’re not special.

[PierreCFA]

@weighingmachine

It is obviously better to pass all the exams on your first try, but my question is do you think employers care whether or not you did?

This situations comes up in some ethics practice questions which is why I ask. Also, if you think it does matter, how would you word it on your resume?

For the first question, I think employers should not care whether you passed all the exams on your first try or not. In practice, I think this information can impress a little (just a little) the employers.

For the second question, if you want to include this information on your resume, do it. But you must prove all what you said on your resume is true. If the fact you are CFA Charterholder can be verified by public information (via https://www.cfainstitute.org ), the fact that you passed all three levels on the first attempt can not be verified by public information. So, you should follow the 4 steps below

• Step 1: Connect to your account and go to this linkhttps://www.cfainstitute.org/account/programs/Pages/index.aspx
• Step 2: Click on View your curriculum redemption or tracking codes in Your CFA® Program
• Step 3: The page shows all level exams registered. Take a capture of screen
• Step 4: Print out the capture. It will be your certificate of "passing all three levels on the first attempt"

Show you certificate whenever you say you pass all levels on the first attempt. And if I were your interviewer or your boss, I would try to ask you this certificate sooner or later.

[Mr_RS]

see below

[Mr_RS]

@4lols

@googs1484

appear to be taking very personally.

@googs1484

@googs1484

Because the CFA isn’t an IQ test, it’s a series of memorization and regurgitation exams that anyone can pass with enough study time. I’ve passed all my exams in consecutive years, but know many people who have failed simply because they work 80+ hour weeks or experience elevated deal activity in April and May.

Hate to break it to you kid, but you’re not special.

Ultimately, every exam can be mastered with enough practice. Tell me one exam where you do not need to memorize anything? Working 80+ hours is undoubtedly very demanding and means you need to start earlier than others to have a chance. It also means you have a greater obstacle to overcome and need to plan and figure out how to jump over it.

Running out of time is a bit of an excuse. You need to plan well in advance and take into consideration working hours as well as personal circumstances.

The CFA test is tough my friend. And if you have the intelligence of a potato, you are not going to make it.

[self_employed]

@PierreCFA

@weighingmachine

It is obviously better to pass all the exams on your first try, but my question is do you think employers care whether or not you did?

This situations comes up in some ethics practice questions which is why I ask. Also, if you think it does matter, how would you word it on your resume?

For the first question, I think employers should not care whether you passed all the exams on your first try or not. In practice, I think this information can impress a little (just a little) the employers.

For the second question, if you want to include this information on your resume, do it. But you must prove all what you said on your resume is true. If the fact you are CFA Charterholder can be verified by public information (via https://www.cfainstitute.org ), the fact that you passed all three levels on the first attempt can not be verified by public information. So, you should follow the 4 steps below

• Step 1: Connect to your account and go to this linkhttps://www.cfainstitute.org/account/programs/Pages/index.aspx
• Step 2: Click on View your curriculum redemption or tracking codes in Your CFA® Program
• Step 3: The page shows all level exams registered. Take a capture of screen
• Step 4: Print out the capture. It will be your certificate of "passing all three levels on the first attempt"

Show you certificate whenever you say you pass all levels on the first attempt. And if I were your interviewer or your boss, I would try to ask you this certificate sooner or later.

Pierre, I’ve always admired your rigour.

[PierreCFA]

@self\_employed

@PierreCFA

@weighingmachine

It is obviously better to pass all the exams on your first try, but my question is do you think employers care whether or not you did?

This situations comes up in some ethics practice questions which is why I ask. Also, if you think it does matter, how would you word it on your resume?

For the first question, I think employers should not care whether you passed all the exams on your first try or not. In practice, I think this information can impress a little (just a little) the employers.

For the second question, if you want to include this information on your resume, do it. But you must prove all what you said on your resume is true. If the fact you are CFA Charterholder can be verified by public information (via https://www.cfainstitute.org ), the fact that you passed all three levels on the first attempt can not be verified by public information. So, you should follow the 4 steps below

• Step 1: Connect to your account and go to this linkhttps://www.cfainstitute.org/account/programs/Pages/index.aspx
• Step 2: Click on View your curriculum redemption or tracking codes in Your CFA® Program
• Step 3: The page shows all level exams registered. Take a capture of screen
• Step 4: Print out the capture. It will be your certificate of "passing all three levels on the first attempt"

Show you certificate whenever you say you pass all levels on the first attempt. And if I were your interviewer or your boss, I would try to ask you this certificate sooner or later.

Pierre, I’ve always admired your rigour.

, I think people must check carefully this information for the good of the CFA Charterholders who really archived something interesting (pass all 3 levels in 18 months, pass all 3 levels on the first attempt, pass the level 3 on the first attempt or even pass the level 1 on the first attempt,…).

Why? Because if this information is unverified, anyone can lie and say he/she passed all 3 levels on the first attempt. And it’s bad.

[stt00007]

@Coastie

I guess it can say something about your planning & time management. Not to mention the superior returns you’d deliver

Be careful. Saying this may suggest you skipped ethics and land you with a violation.