I’m worried about the new 2025 content for CFA Level 3. A well-known reviewer pointed out some big problems. The Portfolio Management part now has stuff about wealth distribution that seems biased. It doesn’t follow the usual high standards we expect.
There are also new areas like Private Wealth and Private Markets that don’t seem ready. They might not represent core knowledge properly.
What can we do to fix this? Should we ask CFA Institute to take out these parts? How do we protect our professional standards when the problem is coming from inside?
Maybe they should just use the 2024 content instead. That would be a quick fix.
Some parts that worry me:
- They say equity compensation is bad for equality
- They call equal wealth distribution ‘ideal’ and ‘perfect’
- They claim developing countries have better social support than developed ones
These ideas will be tested! It seems like CFA is moving away from its main job of keeping markets honest. Instead, they’re pushing ideas about wealth without good evidence.
I’ve worked in both government and investing for years. I wanted to speak up as someone with experience. What do you all think we should do?
Hey there, Mia_79Dance! I totally get where you’re coming from with these concerns about the new L3 content. It’s definitely a bit of a curveball, right?
You know, I’ve been mulling this over too. Have you thought about maybe reaching out to your local CFA society? They might have some insider scoop or at least a better idea of what’s going on behind the scenes. Plus, it could be a good way to band together with other concerned folks.
I’m kinda curious - what do you think sparked these changes in the curriculum? It seems like quite a shift from the usual CFA approach. Do you reckon there’s some broader trend in the industry they’re trying to address?
One thing that might be worth a shot is drafting up a well-thought-out letter to the CFA Institute. If we can get a bunch of people to sign it, that could make some waves. What do you think about that idea?
Also, I’m wondering if anyone’s started a discussion about this on LinkedIn or other professional networks? Might be worth checking out to see if there’s a broader conversation happening.
Anyway, props to you for speaking up about this. It’s important to keep the CFA standards high. Let me know what you end up doing - I’m really interested to see how this plays out!
As someone who’s been through the CFA program and works in the industry, I share your concerns about the new L3 content. It’s crucial that the CFA curriculum remains objective and focused on core financial principles.
I’d suggest a multi-pronged approach. First, we should collectively reach out to the CFA Institute with detailed, constructive feedback. They’re usually responsive to member input. Second, it might be worth engaging with local CFA societies to amplify our concerns. They often have direct lines to the Institute.
While reverting to the 2024 content might seem tempting, it’s probably not realistic. Instead, we should push for a thorough review of the new material, especially the sections on wealth distribution and private markets. The goal should be to ensure the content is balanced, evidence-based, and aligned with the CFA’s mission of promoting the highest standards of ethics, education, and professional excellence.
Remember, the CFA designation’s value lies in its rigorous, unbiased approach to finance. We need to safeguard that reputation.
yo, i get ur worries bout the new L3 stuff. it’s def a bit off from wat we usually see. maybe we cud hit up the CFA folks directly? they might listen if enough of us speak up. also, gettin our local CFA groups involved could help. we gotta keep the CFA legit, ya know? don’t wanna see it go downhill with weird politics n stuff.