Business
Only 25% Passed This Year’s CFA Level 1 Exam
The pass rate for the Chartered Financial Analyst Level I exam administered in May was the lowest since testing began in 1963. Only 25% passed the latest test, down from 44% for those who sat for the February examination. Bloomberg’s Eddie van der Walt is one of them. He’s on “Bloomberg Surveillance: Early Edition.” (Source: Bloomberg)
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Business
Makary on FDA’s rollback of hormone replacement therapy warnings #shorts #fda #hrt #womenshealth
Dr. Marty Makary, former FDA Commissioner, explains the decision behind the FDA’s rollback of long-standing warnings on hormone replacement therapy. On Wall Street Week we look at the $360 billion women’s health market, Wall Street’s investment in menopause and the challenges of distinguishing evidence-based care from marketing hype https://bloom.bg/3EMZYZX
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Bloomberg’s Boston Bureau Chief Brooke Sutherland says Maine Democrats are racing to choose a new Senate nominee after Graham Platner withdrew, leaving the party with little time to unify behind a replacement in a race viewed as critical to control of the Senate. She says party leaders face pressure over the candidate vetting process as delegates prepare to select a nominee from a crowded field ahead of the filing deadline.
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Martha Gimbel, executive director and cofounder of the Budget Lab at Yale University, says artificial intelligence is unlikely to offset the economic challenges of an aging population, arguing the US is confronting two major transitions at the same time rather than one solving the other. She says AI could improve productivity in some areas, particularly by helping caregivers with physically demanding tasks, but questions whether consumers will embrace automation in roles where human interaction remains essential.
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“We believe Mexico is a really important milestone for our great brand as we continue to lean into our global strategy. It’s an important country for us, we recognize and admire the culinary heritage that is a part of the Mexican culture,” says Chipotle Mexican Grill CEO Scott Boatwright on the chain’s global expansion https://bloom.bg/4wKJnvc
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Delta Air Lines Chief Executive Officer Ed Bastian says higher fuel prices are not deterring travel. He says the carrier is actually seeing strong demand for premium, corporate and international travel. He also talks about how some customers are choosing a better seat on the plane over perks they could get in first class. He speaks to Bloomberg’s Lisa Abramowicz at Delta headquarters in Hapeville, Georgia on “Bloomberg Surveillance.”
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@matthiasrambally1899
December 14, 2023 at 12:30 am
Just work and get lots of experience as a CPA switch to finance jobs then get your masters in finance and network ….it aint worth the stress unless you want to go strictly into equities and portfolio management
@kelvinyau2220
December 14, 2023 at 12:30 am
Does any of the CFA holder holds a multi billion hedge fund? I couldn't even find one. Warren buffett, ray dalio, larry flink, david einhorn, jim chanos, bill ackman, carl icahn, etc. None of these famous funds manager have a CFA in their belt. So why waste time on a finance encyclopedia?
@Usman-ml4ig
December 14, 2023 at 12:30 am
A lot of candidates who are practising very hard but do not pass, fail a critical aside – they do not work on recall-and -retain element of the formulas and merely rely repeatedly on their "cheat sheets" of formulas whilst doing their practice. This does not help much but they must rather devote 15 or so minutes every other day to recall formulas on a specific topic on a BLANK piece of paper, and then match it to the formula sheet. This way they'd be able to embed the formulae in their minds.
@carltonbanks5470
December 14, 2023 at 12:30 am
My advice, do not rely solely on the packaged CFA study materials from Wiley. Its cumbersome, too professorial, and a huge time waster. However, I wouldn't ignore it, but you definitely need to complement it with something like Schweser, which is far better and to the point. This is especially true for levels II and III.
@dmbempire4568
December 14, 2023 at 12:30 am
Stop exagerating.. I'm a PhD student in International Economics and I don't think CFA is tougher than PhD… Yet PhD students dont complain as you guys. I plan to sit for the CFA exam next year and I know I shall make it at my firts attempt. I mean all the three levels!!!
@reuelmiguelperez2376
December 14, 2023 at 12:30 am
Eddie seems like lacking of sleep. Passing that level 1 seems right.
@someonespeci1697
December 14, 2023 at 12:30 am
this exam is dumb
@magnificencetv7424
December 14, 2023 at 12:30 am
Just failed level 2 in august. It's so fkin hell to go thru it. But I have no other choice. Wish me luck for nxt year
@bluehorseshoe444
December 14, 2023 at 12:30 am
CFA exams are getting easier but the MPS (minimum passing score) is getting significantly higher… CFA Institute realized the pass rate was way too high and with only 3 answers to choose from on the multiple choice questions, you have a 1/3 chance of guessing correctly… combined with the MPS falling below 60% and the CFA was quickly losing its value.
This is a good move by the Institute.
@cool_cat6698
December 14, 2023 at 12:30 am
Man I did the CFA level 1 exam for the second time in August 2021, and just learned that I didn't pass. The pass rate was 26%. I must have put up to 900 hours in total for both levels. I did everything that was recommended: studied 2 to 3 hours each day for many months, did up to 10 mock exams for each exam and took 2 weeks vacation before the exam to study my guts off, 10-12 hours every day until the exam. Honestly, what's the point of making an exam so hard? I repeat, the pass rate in August 2021 was 26%. I blame the CFA Institute for mirroring hope to entering candidates that being a CFA charterholder is accessible and that it can be done with 300 hours of study for each level. This is NOT the case. If you want to start the CFA journey, I strongly recommend to get several years of experience in the finance industry before, and read many, many, many finance articles. Otherwise, you're way better off with an MBA. It however teach me how to study, like really study. But at what price?
@virtualreality1705
December 14, 2023 at 12:30 am
Meanwhile CA students from ICAI.
What's the big deal!
@goldengold8568
December 14, 2023 at 12:30 am
That is pretty good compared to lots of others.
@PS-to1qi
December 14, 2023 at 12:30 am
It’s 22% now for July
@tuyakulamusheko169
December 14, 2023 at 12:30 am
if we thought that was low before..today 22%
@michealjones198
December 14, 2023 at 12:30 am
Just passed cfa level 3 and here to encourage everyone that nclex is not as hard as assumed, just work smart and you would pass
@jrmaniego9191
December 14, 2023 at 12:30 am
Money maker!
@pankajagarwalish
December 14, 2023 at 12:30 am
Cfa institute is a money printing machine
@andyzhang2941
December 14, 2023 at 12:30 am
I spent like 100 hours for each level and now passed all three. My recommendation would be: 1. rely on the books, not on notes. Most of the notes covers only parts of the curriculum and you're deemed to miss about 20% of the content that would exist on the exam, which could be very critical. 2. Always do the exercise on the textbook. Maybe only part of it, but never assume you know it and skip it. You only find out what you need to learn after you actually did it and got stuck. You'll miss a lot if you just think you can do it without actually doing the exercise.
@kunaldave1750
December 14, 2023 at 12:30 am
I wrote the July exam….this is my first yt suggestion at 1 am …wtf is life telling me
@vishnubaranwal
December 14, 2023 at 12:30 am
There is no big deal…..in ca final one subject is of 300 hour.
@inveswing
December 14, 2023 at 12:30 am
It’s probably low because Indians didn’t attempt in May due to the Covid 2nd wave
@targetjee6617
December 14, 2023 at 12:30 am
CFA: 42% pass rate
JEE: bruh
@Vishal-xv4mt
December 14, 2023 at 12:30 am
300 hours are nothing a lot for Indian student Indian students studying more than 7-8 hours a day some them are studying more than 13 hours a day 300 can be done within a month
@ArnyTrezzi
December 14, 2023 at 12:30 am
The more CFAs in the market, the more opportunities in the market.
Please keep spreading standard knowledge.
@georgewright9914
December 14, 2023 at 12:30 am
I’d say this is similar to all financial related institutions, roughly only 3% of all accountants who are qualified by education. Going from AAT Level 2 to chartered or certified accountant (ACCA,ACA, CIMA or ICAEW) will take roughly 8-10 years
@mrXx9252
December 14, 2023 at 12:30 am
No exemptions that I'm aware of from any finance university credited courses, including masters, make it a difficult qualification to pursue.
@Fr0s7y.
December 14, 2023 at 12:30 am
Why do people hate CFA? No degree guarantees affluence. And its not like CFA makes any claims insinuating that. They don't force you to take the exam either.
@karthik_mv
December 14, 2023 at 12:30 am
Check out ICAI Chartered Accountancy exam
25% will seem high
@cassinitakano5736
December 14, 2023 at 12:30 am
I hate CFAs that's why I work in consulting now lol…
@tonysoviet3692
December 14, 2023 at 12:30 am
TBH, CFA is borderline scam. The actual theories and concepts are not at all hard, and the most math you will ever gonna do is calc 1. Seems like they're trying to hide the basicness by making you memorize A LOT of equations that are easily searchable accounting principles.
@alcanod
December 14, 2023 at 12:30 am
Meritocracy…Wall Street also has middle class…
@kwfown
December 14, 2023 at 12:30 am
Wonder if there is incentive for the CFA Institute to make it harder…. ‘We want single digit pass rate, we want getting into Ivy like getting to a community college when compared to passing the CFA’
@Noob___Noob
December 14, 2023 at 12:30 am
Probably disrupts in ADHD meds supply chain.