|Author||Topic: CFA Institute's Strategy - What Were They Thinking?|
|I received this email from a test prep provider and wanted to share it with all the other candidates:
Fact: CFA Institute informed candidates that using the 6 volumes of curriculum was the best way to pass the exam. In fact, they said "there is no substitute for studying the curriculum."
Fact: In May 2005, CFA Institute chose to make the purchase of the 6 volumes mandatory for every CFA candidate, which has since been implemented. CFAI chose this strategy to "address declining candidate performance."
Fact: Overall pass rates for the CFA exam (34% for Level I) are now at an all-time low.
By releasing the overall pass rates, CFA Institute has, in effect, provided priceless advertising for our CFA Study Systems!
CFA Discussion Topic: CFA Institute's Strategy - What Were They Thinking?
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.