Are yours among them?
Brace yourselves, would-be chartered financial analysts.
Don't question the Institute's seemingly arbitrary rules. In fact, don't question the Institute period.
More financial services employees than ever are hoping to add those three little letters to their email signature.
Yesterday, at approximately 10:30AM, scores of financial services employees breathed a collective sigh of relief. Relief that months of studying had paid off in the form of a passing score on the Level II and II CFA exams. Relief that, even though months of studying had been a total waste of time with nothing to show for it, they could get on with their lives and stop wondering. One guy was less lucky. He's in a CFA holding cell right now pending an investigation, thanks to some supposedly suspect fidgeting and a couple proctors with itchy trigger fingers, possibly hoping to impress their superiors. According to the suspect, "No one has ever accused me of having a nervous tic or cheating before...I don't understand how you could honestly mistake my, admittedly strange, gestures as signaling to an unknown accomplice."
Thirty-eight percent of Level I takers and forty-two percent of Level II'ers have reason to feel pretty good about your lives this morning. Your studying was worth it, your plans are right on track, the promise land is so close you can taste it. The rest of you are likely feeling less good. Your (hours and days and weeks and months) of studying did not end up being worth it, you're right back where you started, and the path to the quote ultimate honor unquote--the land of milk and honey and stacks of CFA exams in need of grading, as high as the eye can see-- seems littered with insurmountable obstacles. Your family and friends and colleagues told you they never wanted to hear those three little letters in that sequence again but if you need to vent, we're listening. You're safe here.