Happy new year everyone. Hope you all had a relaxing holiday
and now coming back to start the year with a fresh mind!
It’s been a while since my last post, I’ve taken my time
getting used to the slow paced holiday season for the past month. It’s business
as usual now but I haven’t been able to find time for the site. However, I feel
there’s an obligation to write on this special evening before the big day
tomorrow. You might have a bit of anxiety right now before knowing your exam
result, and the anxiety is only going to grow until the moment you check the
email from CFA institute. After taking the exam for the first time, I’ve
adopted a behavior for the day result comes out. I prefer to go to somewhere
private before I check my email, this way no matter what the result turns out
to be, I can adjust my mood before going back to the office. Either way the day
is typically a write off because I would be too depressed or too happy to work
anyway.
Frankly speaking, I did feel the most thrill when I passed
Level one, the following two levels were not so appealing maybe due to the
amount of hours accumulated over the years was beyond the point that I can
appreciate. But passing level one was definitely the most pleasing among all
three.
No matter what it turns out to be tomorrow, the result was
determined the moment you handed in your exam papers. There was nothing you can
do about it. So I hope everyone had a worry free time until now. If you do get
a pass result tomorrow, that’s fantastic news, have a couple of celebratory
drinks and register for level 2 exam in June.
If your result turns out to be fail, a typical question for
yourself is whether the CFA study will be relevant to your job/career choice,
this will help you decide if it’s worth more time investment to continue. If the answer is yes, my personal experience
suggests the best course of action is to write it again. Why? Because you already put in over 300 hours
in the study, and you are off to a head start compared to someone who’s new to
the exam, the time you already invested doesn’t have to be sunk cost. I know
this is easier said than done. Afterall, it’s okay to fail a couple of times
before you pass the exam, most people take four years to complete this process,
which means they probably failed an exam at least once or perhaps twice.
Speaking from personal experience, failing level one may be a very minor setback
in the bigger scheme of things, as long as you keep push ahead, your hardwork
will be rewarded eventually. I know quite a few people who failed level 1 a
couple of times but passed level 2 and 3 at their first attempt. At the end of
the day, it all depends on how important is CFA to your career development goal.
Lastly, no matter what result you are getting tomorrow, keep
looking at the bigger picture, not simply passing or failing an exam.
4 comments:
Hi, I haven't seen any new post or update. I guess you must be very busy. How is everyone doing? Taking again level 1 soon...count down time. Time to time I come back to this website. I really like very much this blog ! So far the most inspirational blog. Too bad no more update. Wish everyone pass exam !
No update? sad sad....studying hard....coming time to time to this blog to get better understanding and inspiration. I agree so far it is best blog !!! I really like all the topics very much...
I find the strategies very useful and helpful. You should write a book on your experience and journey!
Thanks
Came across this blog just before June exam, it seems it has not been updated for a while. It is too bad because I really like the contents and all the tips and strategy. It really helps me a lot in my exam. I cannot say I pass it but I think I did OK and your tips and strategy really helps.
Hope you will be updating it....I will come back to check it time to time ! I agree with other comments, your blog rocks !
Hi, so sad you are not updating your blog. I come back time to time, even when I was on vacation. I pass my level 1 and only dared to look at the result recently. I am so relieved! It is the 3rd attempt and I really give a lot of credit to your blog. Thanks a lot!!!
I'm going to enroll for level 2...if you have any tips for level 2, I am sure it will be helpful!!! Thanks. Your blog is so far the most insightful and personal, but my only complaint is I wish it is updated more frequently!!! :)
Post a Comment