Are you among the happy 34 percent? What will you be doing to celebrate? Buying the Level II books? Not as lucky? Feeling like you just threw away the last four to six months of your life? Want to get angry? Want to make someone pay? Let it out, here.
— Advertisement —
Comments (113)
Leave a comment
You can log in with your account or comment as a guest below.
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
CFA>MBA
CFA level 1 – wow – catering to the movers and shakers of the world here
@3 DB caters to all. fuck off.
as a chinese senior high who will take this in 1 or 2 years, i want to hear.
keep believing that retard @3
@1, i dont think either one does that much anymore. Maybe 20 years ago
JD MBA ftw
@6 actually if you knew anything you'd know that there are some *extremely* high-up people on the site, and, of course, low-hanging fruit like yourself.
Passed. Explain to me why it takes them 7 weeks to grade scantron forms – I'm dying to know.
I passed, but I didn't do this for me, I did this for US.
-the F stands for Florida
worst 6 months of my life, but the good news: to be continued..
I would like to reiterate that I would definitely pound a Chinese CFA named Clickclack or Yimayam with the lights on while Bill Gates watches.
-guy who likes to pound chinese cfa's with the lights on while B. Gates watches
Passed level 1 in '99. Never bother with the rest.
-Columbia MBA
Me Chinese, me play joke
@15 = unemployed @14, awesome.
On the tape –
**PRESIDENT OBAMA SEEKS TO NEGATE THE CFA LEVEL I RESULTS**
**CFA LEVEL I TESTING RESULTS REFLECTS THE GREED OF WALL STREET, oBAMA SAID**
**OBAMA SAID, "FAIRNESS IN TESTING" IS LACKING TO MOST CFA CANDIDATES RESULTS**
**ORDINARY AMERICANS SHOULD HAVE THE ABILITY TO ATTAIN THE CFA, SOMETHING AFFORDED ONLY TO THE FEW FORTUNATE AMERICANS, OBAMA SAID**
**CFA TESTING SHOULD BE CONDUCTED ON A GRADING SCALE THAT IS FAIR AND REPRESENTS THE ABILITY OF ORDINARY AMERICANS**
**CFA CERTIFICATION FOR FEW AMERICANS HURTS ALL HARD WORKING AMERICANS**
**OBAMA TO PROPOSE TEST SCORE HELP TO RAISE THE SCORES OF ALL CFA CANDIDATES**
**OBAMA PROPOSES TAX CREDITS FOR CFA CERTIFICATION**
**OBAMA PROPOSES RE-NEGOTIATING TEST SCORES FOR STUDENTS OF HARDSHIP**
**OBAMA PROPOSES GRADING ON A CURVE**
**OBAMA IS OUTRAGED THAT HARD STUDYING STUDENTS HAVE BEEN DENIED CFA LEVEL I CERTIFICATION; "THIS SHOULD NEVER HAPPEN AGAIN"**
wtf, who needs 6 months for level 1?
@2, gotta go after that all important 22-30 demographic. They hook em early here at DB.
@17/20 Did you see anything on the tape vis a vis Obama's response to the CFA results?
@10 "there are some *extremely high* people on the site"
-fify
@ 9: you're goddamn right JD/MBA FTMFW!!!!11
@17 and @20: Wow, how witty you are. Now go back to your trailer and whack off to your Sarah Palin poster.
@18, wrong. gainfully employed. good luck to you!
-15
I am 99% sure I can pass this with the appropriate amount of study. Only reason to do so is to increase my business cred with my clients – I am an attorney.
Worthwhile?
CFA Level One Results sounds like a porn flick
@29 = Martha Coakley
@32,
your "cred" as an attorney could be immediately bolstered by not using outdated urban ghetto lingo.
Come now, the CFA was the biggest waste of energy I’ve ever undertaken. Please find me one person who is better at managing at portfolio or creating alpha because of the CFA? Don’t kid yourself you fudge packer it’s a joke ( sorry to break it to you English as a second language crew)…
Useful knowledge over 3.5 years of studying = slightly greater than 0
If the firm you work for views the CFA as a some kind of badge of honor its telling- consider leaving. It’s a waste of time – If you insist on the CFA whatever you do don’t be one of those titwads that puts CFA next to their titles.
@32, 34-36 you are obviously not a golfer
I think it is great that the pass rate is so low. At least it shows that the exam is challenging, and not any Tom, Dick or Harry can pass the exam.
Congrats to all who did pass!!!
And to all that did not pass, keep trying, and better luck next time. However, luck may have little to do with not passing.
I know someone who failed CFA level 1 over four times.
@44
few years ago it used to be 20% i think.
@97
exactly.
@26 Sorry to bruise your ego.BHO doesn't like dissent either. Way to tow the party line, Go OBAMA go…
You are right he is change we can believe in. I guess you feel like your vote really went someplace. I guess your only issue of importance is if France really likes us.
I wonder-
Do you even have proof of that?
If you voted for this asshole, you should be apologizing to us. He is a disaster.
not 17 or 20
I am the founder of Microsoft. What is a CFA?
~B. Gates
Croesus, WA
Bessola – Que pasa con los numeros de los postings?
…or is it just my computer that messes with the numbers (bought Madoff's off ebay)?
Please step away from the keyboard and stop fucking it up for the rest of us, dickweed.
-kthnx
@14 – ROR!
@40 = Geo. W. Bush, drunk and slinging a whisky glass around in a lonesome silence punctuated by Rove's tales of "newly single" romantic expectations among "available" neocon women.
@45 Socialist. Examine your means of production
Comments:
@22 Do you really think a snarky internet blog written by a 25 year old is going after the 30+ set?
@all Remember that guy who failed his MBA? Oh, right…
And people who do have a JD/MBA don't use phrases like "FTW".
"And people who do have a JD/MBA don't use phrases like "FTW"
you're an idiot. and a massive tool for thinking there isn't a huge contingent of losers who use phrases like FTW among JD/MBAs.
@48 FTMFL!
-Bachelor of Arts
anybody have first-year CIMA numbers?
I schooled Level 1. My MBA helped in this glorious achievement. There was this chinese chick sitting next to me that took the test without a calculator, plus she left 45 min early. Wonder how she did…my gut says she passed.
Failed. Can I still use the "CFA Level 1 Candidate" designation?
@49 nah, 48 is correct. you clearly have not spent much time on Wall Street or are just a straight up idiot if you hold–OMG!!– people in such knob-slobberingly high regard merely for having a MBA/JDA. And I say that as someone who's been at a fund for 15 years and has an MBA.
I am an HVAC technician.
Failing the CFA L1 is rather pathetic. Not trying to be d-baggy here, just saying–either decide it's worth taking and study the 75-100 hours it takes to pass, or leave it alone and go make money another way. There are plenty of people who make plenty of money on the Street without needing to know about dusty financial theories being debunked by the profits being made on principal desks everyday.
–CFA/MBA trying to be pragmatic about this
@52
You must be working at Goldman. At other banks being a "candidate" means you drive a 7-year old porshe, wear the cheapest Rolex available, and generally take it up the ass!
The pass rate is low because our investment in secondary education is inadequate. The NEA is in full agreement that additional funding is required.
- The Kenyan
@ 4 & 1 —
I graduated from B School in 2007 and Passed Level 1 now (December 2009)…. MBA and CFA are completely different disciplines … You have certain overlapping course content … That's about it ….
@ 4 & 1 —
I graduated from B School in 2007 and Passed Level 1 now (December 2009)…. MBA and CFA are completely different disciplines … You have certain overlapping course content … That's about it ….
CFA>ChFC>CLU>MBA
Fluency in Latin > MBA > CFA
@60-
Did you mean CFA>ChFC>CLU>MBA=Douche?
@45 not sure what the hell any of that means. if you wan to talk about drunk POTUS with inappropriate behavior… I would point you in the direction Hill Billy Clinton.
You are an idiot. This entire year of BHO has been a giant WASTE!
-40
CFL > CFA
Not sure if this has been covered before, but I was wondering what is better for a career in finance, CFA or MBA
-high school senior/re`tard
53 do my posts make it seem that I hold MBAs in any sort of high regard? Please reference post 47 about "failing MBAs" when answering. Deepening my disdain for MBAs is your use of the cliche "You must not have worked on Wall Street for long" insult. As a ponder my comeback, I'm vacillating between the old stand-by "Get me my coffee" or the more finance specific "Clear my trades".
@51 yes me pass test. I love test long time… You have bad pants and wear silly shirt.
- Chinese chick
@66 "do my posts make it seem that I hold MBAs in any sort of high regard?"
yes. when you claimed MBA/JDs are too important to use the phrase 'FTW'. And were wrong.
can someone please investigate whether Shia passed? He is the only one we care about. thanks.
I think @40 is John McCain.
The greatest misconception is that the CFA is a program designed to develop analytical skills. Wrong.
It is a marketing tool. As an individual you use it to market to employers.
Employers use it to market to clients.
Ivy league education is the same. Coursework is largely irrelevant but it creates the perception of excellence that vacuums up lots of dollars.
@71 – I don't know…that was a pretty analytical breakdown of the CFA…can't it be both?
@71 – tell us more, oh wise sage. You speak with such God-like authority. So if I have a CFA (no MBA) and it helped me rise to my current position in the asset management industry where I make 450k per year in total comp and it helped preserve my job while layoffs were happening all over, that's all just an illusion? I must have everyone fooled, since your logic says that I learned nothing from the CFA curriculum. I guess I must be just really good at marketing, huh? I can live with that.
@71 FTW ('cause it's soooo true)
and I love that phrase!!!
ex-wife of david slaine is hot.
cfa makes employers/clients feel warm and cozy inside
GED > CFA
High school algebra > Moody's Credit Symposium > CFA
CFA > MBA
Bear > Lion
Catalina Wine Mixer > World Econ Forum
- guy who works w/ the guy who bangs his secretary in the @
no, GED > CFA > MBA
CDL > CFA
@73 ='s internal wholesaler @ the company you keep. Total comp: 45k.
Now get back on the desk, private!
CFAs are fags. Whoop de doo, you passed a test.
@ whoop de doo: you pass THREE exams, meet the professional and ethical requirements, and become a regular member of CFA Institute.
Then, and pnly then sir, can you hope to become a CFA charterholder.
CFA is hope, CFA is change. A Level I pass and (and these comments) give the me the hope to one day I will work in finance.
CFA>ChFC>CLU>MBA
On the tape -
**PRESIDENT OBAMA SEEKS TO NEGATE THE CFA LEVEL I RESULTS**
**CFA LEVEL I TESTING RESULTS REFLECTS THE GREED OF WALL STREET, oBAMA SAID**
**OBAMA SAID, “FAIRNESS IN TESTING” IS LACKING TO MOST CFA CANDIDATES RESULTS**
**ORDINARY AMERICANS SHOULD HAVE THE ABILITY TO ATTAIN THE CFA, SOMETHING AFFORDED ONLY TO THE FEW FORTUNATE AMERICANS, OBAMA SAID**
**CFA TESTING SHOULD BE CONDUCTED ON A GRADING SCALE THAT IS FAIR AND REPRESENTS THE ABILITY OF ORDINARY AMERICANS**
**CFA CERTIFICATION FOR FEW AMERICANS HURTS ALL HARD WORKING AMERICANS**
**OBAMA TO PROPOSE TEST SCORE HELP TO RAISE THE SCORES OF ALL CFA CANDIDATES**
**OBAMA PROPOSES TAX CREDITS FOR CFA CERTIFICATION**
**OBAMA PROPOSES RE-NEGOTIATING TEST SCORES FOR STUDENTS OF HARDSHIP**
**OBAMA PROPOSES GRADING ON A CURVE**
**OBAMA IS OUTRAGED THAT HARD STUDYING STUDENTS HAVE BEEN DENIED CFA LEVEL I CERTIFICATION; “THIS SHOULD NEVER HAPPEN AGAIN”**
@ 9: you’re goddamn right JD/MBA FTMFW!!!!11
Come now, the CFA was the biggest waste of energy I’ve ever undertaken. Please find me one person who is better at managing at portfolio or creating alpha because of the CFA? Don’t kid yourself you fudge packer it’s a joke ( sorry to break it to you English as a second language crew)…
Useful knowledge over 3.5 years of studying = slightly greater than 0
If the firm you work for views the CFA as a some kind of badge of honor its telling- consider leaving. It’s a waste of time – If you insist on the CFA whatever you do don’t be one of those titwads that puts CFA next to their titles.
I think it is great that the pass rate is so low. At least it shows that the exam is challenging, and not any Tom, Dick or Harry can pass the exam.
Congrats to all who did pass!!!
And to all that did not pass, keep trying, and better luck next time. However, luck may have little to do with not passing.
CPDO > CDO^2 > Libor^3 > CFA
CFA>ChFC>CLU>MBA
cfa's are very giving lovers
cfa's are very giving lovers
@ Chinese Chick, by level 3 you'll be bringing multiple calculators
@61 specto quid tu egisti illic.
Community Organizer > MBA > CFA
@61 translation please. Studied latin in HS. I've forgotten most all of it, but I do still have a few phrases I really liked rattling around in my head (mostly Martial's epigrams). Thanks
@91 "I see what you did there." -90
man it's getting harder and harder to become a member of the Cat Fanciers' Association!
#31 = failed Level 1 (or was that so incredibly obvious i didn't even need to post it?)
Worked with a CFA that couldn't even perform the most basic Monte Carlo, and had to be retaught Mosiac theory. Total joker.
-Taft HS grad, Yale under-grad, Duke MBA
Worked with a CFA that couldn't even perform the most basic Monte Carlo, and had to be retaught Mosiac theory. Total joker.
Failing L1 is about as sub-par as wearing your boat shoes with mesh shorts.
-Taft HS grad, Yale under-grad, Duke MBA
The real question is how much will you pay for 200 hours of time in your mid-, late- 20's when you are in your 40's? I can tell you, but you wouldn't believe me. Youth is wasted on the young.
- WSJ, CFA
(err sorry, I stopped paying their extortion fees)
- WSJ, Passed Level Three of the Chartered Financial Analyst
BTW, @73, You don't make half a buck because of test. STOP. LYING. TO. YOURSELF.
I assume you are on the buy-side at a reasonable sized 40 act or pension fund mandate manager. (B/C you wouldn't be bringing your comparatively weak $500M if you were HF / prop.) You are supporting your moderately attractive ex-LAX playing wife, 2 lil'shavers, and 4×3 with walkout basement because you can [pick stocks or whatever]. You are not in suburban bliss because of Learning Outcome Statements. Even AIMR doesn't claim the CFA will teach you how to invest – which is why they require you have to have the requisite industry experience to put CFA ^registered mark on your business cards that you hand out to the State of Nebraska.
What is very plausible however, is that some flunky HR chick (either the butter-face or the hot-from-some-angles-not-so-much-from-others) yanked your resume out of a pile because it had something on it that the they once heard people in the business unit talking about. "Hey butter-face, wasn't Vinny talking about this CFA thingy at Dos Camino's last week. Ya' know, on Thursday, when he was hammered and wanted to take you home to meet his wife?"
And this, kind sir, is how your resume ended up on Vinny's desk. Which, if you had gone to b-school, would know is Marketing.
The real question is how much will you pay for 200 hours of time in your mid-, late- 20′s when you are in your 40′s? I can tell you, but you wouldn’t believe me. Youth is wasted on the young.
- WSJ, CFA
(err sorry, I stopped paying their extortion fees)
- WSJ, Passed Level Three of the Chartered Financial Analyst
BTW, @73, You don’t make half a buck because of test. STOP. LYING. TO. YOURSELF.
I assume you are on the buy-side at a reasonable sized 40 act or pension fund mandate manager. (B/C you wouldn’t be bringing your comparatively weak $500M if you were HF / prop.) You are supporting your moderately attractive ex-LAX playing wife, 2 lil’shavers, and 4×3 with walkout basement because you can [pick stocks or whatever]. You are not in suburban bliss because of Learning Outcome Statements. Even AIMR doesn’t claim the CFA will teach you how to invest – which is why they require you have to have the requisite industry experience to put CFA ^registered mark on your business cards that you hand out to the State of Nebraska.
What is very plausible however, is that some flunky HR chick (either the butter-face or the hot-from-some-angles-not-so-much-from-others) yanked your resume out of a pile because it had something on it that the they once heard people in the business unit talking about. “Hey butter-face, wasn’t Vinny talking about this CFA thingy at Dos Camino’s last week. Ya’ know, on Thursday, when he was hammered and wanted to take you home to meet his wife?”
And this, kind sir, is how your resume ended up on Vinny’s desk. Which, if you had gone to b-school, would know is Marketing.
The real question is how much will you pay for 200 hours of time in your mid-, late- 20′s when you are in your 40′s? I can tell you, but you wouldn’t believe me. Youth is wasted on the young.
- WSJ, CFA
(err sorry, I stopped paying their extortion fees)
- WSJ, Passed Level Three of the Chartered Financial Analyst
BTW, @73, You don’t make half a buck because of test. STOP. LYING. TO. YOURSELF.
I assume you are on the buy-side at a reasonable sized 40 act or pension fund mandate manager. (B/C you wouldn’t be bringing your comparatively weak $500M if you were HF / prop.) You are supporting your moderately attractive ex-LAX playing wife, 2 lil’shavers, and 4×3 with walkout basement because you can [pick stocks or whatever]. You are not in suburban bliss because of Learning Outcome Statements. Even AIMR doesn’t claim the CFA will teach you how to invest – which is why they require you have to have the requisite industry experience to put CFA ^registered mark on your business cards that you hand out to the State of Nebraska.
What is very plausible however, is that some flunky HR chick (either the butter-face or the hot-from-some-angles-not-so-much-from-others) yanked your resume out of a pile because it had something on it that the they once heard people in the business unit talking about. “Hey butter-face, wasn’t Vinny talking about this CFA thingy at Dos Camino’s last week. Ya’ know, on Thursday, when he was hammered and wanted to take you home to meet his wife?”
And this, kind sir, is how your resume ended up on Vinny’s desk. Which, if you had gone to b-school, would know is Marketing.
Does anyone know what the required minimum scores to pass on CFA LV 1?
The exact score required to pass is generated by the cfa institute according to the difficulty of the test and other criteria. The common wisdom is that you are certain to pass if you get over 70%. However, the actual passing score may be anything.
My own thinking is that if you nail a 67% and do 80+ in ethics then you should be good for passing.
Given the uncertainity in ethics 80+ does not look easy..
Or may be I have no poor ethics :-(
What should I expect with 70 marks ( 58.3% ) ?
You can find differences between old and new curriculum at
http://www.finquiz.com/cfa_level_2_curriculum_changes_2010_2011
WoW > CFA
WoW > CFA
WoW > CFA
WoW > CFA
WoW > CFA
Thank goodness some bloggers can still write. Thanks for this article..
ghOiDt wow, awesome article.Really looking forward to read more. Really Great.
Really enjoyed this article.Much thanks again. Cool.
9aY6IA Really informative article post. Cool.
Sweet blog! I discovered it whilst surfing around on Yahoo News. Do you’ve any tips on how to acquire listed in Yahoo News? I have been trying for your though but I never ever seem to have there! Many thanks