“Friend” from this point onwards will be used to represent the views of a bunch of people near and dear to me who have at different stages of the process had their input sought or felt the need to throw their 2 cents in.
Friends: Mabrouk, heard your MBA results are out. Congrats.
Me: 3.88 is not 4
Friends: 3.88 is great, plus at least it is over and you are not lost in the endless cycle of the elusive CFA.
Me: Tell me more.
Friends: 35% success rate.. almost nobody passes from the first time round, we don’t know anyone who’s finished all three levels.. basically it can’t be done.
I have been chilling for a while post MBA.. it has been a year.. my brain is starting to rust (roll your eyes all you like). Figured I could use a challenge in my spare time, I was starting to miss the classroom experience (I can literally hear some of you puking at this point). This was a mood that often accompanied my birthday and the whole year-in-review energy and usual self criticism and dissatisfaction with achievement tally. Psychotic? YES very..
Friends at B-day party: So what are your plans for the new year.
Me: I’m gonna ace the CFA exam.
Me: Nope, June.
Friends: You realise today is Feb 20?
Friends: Will you take a course.
Me: Nope, will just read it on my own.
Another crazy friend: I’m in!
On doing the right things for the wrong reasons:
Friends: Free to go for Sushi on Monday.
Me: No sorry, Mondays are no good, I’m meeting my study buddy.
Friends: I thought you were done with MBA.
Me: I am, this is for the CFA.
Friends: Work is requiring it?
Friends: Is it useful in your line of work? Would it increase your salary? Make you better at your job?
Me: Negative, unlikely and no.
Me: I’m just turned on by the fact that people said I couldn’t.
Friends: Hmm.. well.. that’s not exactly what they said.. but good luck!
Ok, so my study buddy and I only had 3 months to study for the exam and we both have 9 to 5 demanding jobs. So in the interest of time and due to the sheer size of our respective egos and our ability to egg each other on.
- Open book
- Start solving problems at end of chapters
- Discuss our answers
- Compare answers to solution at end of the book
- If more than 70% of answers are correct ==> We know this stuff, don’t bother read chapter.
- If less than 70% are correct ==> Make note to read this chapter independently when we get a chance at the end when we’re done solving for all the subjects in question.
6 hours of mind boggling MCQs.
Friends: How did you do?
Me: I really don’t know!
Pre – Results:
Friends: They out yet.
Me: LOL! Which answer would you like? Me? Worried? Naturally not, what’s there to worry about :)!! OF COURSE I’M WORRIED! I’m scared out of my brains and anxious as hell!
Friend: What’s the worst that could happen?
Me: Hmm. I don’t pass. I end up with a bruised ego.
Friend: Why would your ego be bruised?
Me: Cause I would have half-assed a challenging pursuit and failed at it! How average! How damn predictable!
Friend: Blank stare!!! No comment.
I failed! (for those who are allergic to the phrase.. I did not pass!)
Post – Results:
1) Drop the CFA alltogether.
Motive: I need to start doing things because they need to be done.. because they are useful/important rather than because I want to prove that I can achieve the impossible. (Damned superhero complex).
- Take the exam. It would be such a waste not to, you’ve already done the bulk of the effort.
- You are quitting? So unlike you? Minor setbacks like you always say..
- You have to fight, you can’t give up on something you want. All people fail, the only difference is the level of determination that makes you continue trying rather than give up. This is too easy and you can’t keep changing your life forever just to escape temporary failures. Calm down and get ready for the next fight.
2) Take the exam in December and pass.
Motive: 3end! Really, no other incentive. To prove to myself that I can if adequately prepared pass this cursed exam. Does in no way guarentee that I’ll go on to take levels 2 and 3.
- Knowing you, you’d find some psychotic way to spin this into a non-achievement. Since after all, what’s the big deal, everybody passes their second trial, challenge would be all gone. (She’s brilliant and she’s got me pegged).
- That’s the spirit!
- Don’t take courses though, those who took them didn’t pass either.
- Look at the bright side, exam is in Abu Dhabi, think shopping spree 🙂
3) Take the exam in December and fail yet again.
Personally: I don’t think my ego (which is now already black and blue and badly bruised) could take that. I’m not that secure, honestly!
- Not gonna happen! (Kindly note that they said that about my first trial as well, people tend to overestimate yours truly).
- Pessimistic aren’t we?
- How about a completely different scenario? You take it again, you fail again, you never give up, THAT is my Juka. (I honestly wish I was the person she thinks I am.)
I don’t know what I’m going to do, but sitting on our living room couch, none of the scenarios seem appealing.