
09/19/2011 - 12/03/2011: Life of a CFA Candidate
So… studying for the same exam second time around wasn’t too bad. It was tiring and stressful at times, but the material (for the most part at least) seemed familiar. The biggest difference was that I really didn’t have much to lose last year. But this year, I felt a whole lot of pressure realizing that failing for the second time would bring unimaginable pain and shame, not to mention the disappointment I would feel in myself. If anything, that was the most stressful part about this process.
I didn’t leave the exam room feeling any better than last year, and the only consolation I have is that NOBODY leaves the room feeling like they crushed a CFA exam. Well, except for maybe the guy that left the exam 45 minutes EARLY- though that could mean really good or bad. The exam room was FREEZING… so maybe he left early to get warmed up. Who knows?
My favorite observation was the fellow sitting diagonally across from me. He had four HUGE pencils, TWO large erasers, and a calculator with TWO extra batteries. Really dude, really? And just in case he went through his ginormous pencils, he had a sharpener. But I can’t blame the guy for being prepared, since there were those that were severely underprepared.
Example: It was clear that you had to bring a passport to the exam and that all information had to match. I realized Monday morning that my passport expiration date didn’t match (I clearly stand closer to the underprepared group), made a chaotic and disorderly phone call to the CFA, and got my information updated in time to sit for the exam. On exam day, I witnessed at least a few that didn’t follow directions or apparently make frantic calls to the CFA, and were turned back. I cannot imagine studying for six months, only to be turned away one hour before because you didn’t follow rather simple directions. Well, that’s not true. I could and did imagine it, because that was almost me… including… “What the hell am I going to tell my boss?”, “Would she fire me on the spot for being really dumb?”, “Would I have to somehow give back my study day PTO?” Sad.
With these exams, all you can do is study, hope for the best, fear the worst, and wish a few guesses fall your way. Thankfully, luck usually tends to be on my side… I just hope I have some saved.