CFA® June Exams and COVID-19

I know the CFA® I hasn't stated more definitively yet whether they're going to postpone the June 2020 exams or if they're still going to happen as scheduled, only that they're still monitoring events. I don't want to speculate too much, but what do you guys think is most likely going to happen? If anyone has any insight, that would be appreciated.

Official CFA® I communication: https://www.cfainstitute.org/en/about/press-room/…

 
Most Helpful

My crazy ideas as to what may happen: 1. CFA take a global approach and defer all exams until some date (not too far out) that is conditional on improving circumstances. 2. CFA take a local approach by allowing exams to be administered only in countries that permit large public gatherings, as dictated by local governments. Candidates from other countries will have their exams deferred. 3. They defer all exams indefinitely and offer refunds to all candidates

A few considerations if the exams get deferred or cancelled: - How will 3rd party service providers (e.g. Schweser) respond? Some providers offer digital licenses for accessing course materials that expire shortly after the June 6th exam date. Will they be extending the terms of these licenses? - Will this impact the minimum passing score now that candidates will have more time to study? Would if be fair to candidates if the minimum passing score is increased? Would candidates even be made aware of a MPS that is greater than the historical average?

Very stressful situation. I write this as I contemplate whether I should even continue with my rigorous study schedule... At this point, I don't even know which of the above scenarios i'd prefer.

 

From what I've seen, Schweser has moved its classes online. I'm supposed to take one of its 3 day reviews in May, but I haven't received anything changed about that just yet.

This is definitely stressing, since people have to deal with everything that's been happening too. That being said, having to reschedule all the spaces that host the exams is going to be hard too, but I hope that the CFAI doesn't do anything at the cost of human lives. I'm guessing everyone would just like a definitive answer so we all know where to allocate our time (probably to prevent active deals from dying lol).

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.
 

I will wear a fucking hazmat suit if I have to because this virus is not going to delay any more of my life.

 

Assumenda optio qui error maxime tenetur. Voluptas commodi ut dignissimos facere vero. Asperiores ut sunt quod ut veritatis distinctio repellat. Ea quis non quia hic. Blanditiis sunt qui velit ut libero deserunt. Debitis voluptatem libero dolorem molestiae magni.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”