Allow Johannesburg Based Students to Write their December CFA Board Exams

Allow Johannesburg Based Students to Write their December CFA Board Exams

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Nick mavhembu started this petition to CFA Institute

It takes more than 350 hours to adequately prepare for a CFA board exam. Furthermore, considering the fact that a lot of candidates who register for the exams are working and have families, there is far greater sacrifice that goes into the decision to study for the very demanding CFA board exams from a time perspective and general quality of life. To date, the CFA Institute has deferred exams twice (in some test centers) because of COVID 19; this means twice a lot of people have made significant sacrifices to study for the exam and twice those sacrifice have counted for nothing. Conservatively speaking on average over 400 hours of study time per candidate has been lost.

Notwithstanding the importance of keeping people safe and the role that each and every one of us has to play in keeping the virus at bay, I feel the CFA institute could have come with various relief measures (for the second round of deferments) to make sure that students who have put in the hard work can write the exams. I can’t speak for other test centers that have been affected as I am not aware of the situation on the ground but for the Johannesburg test center it is difficult to understand why simple measures could not be put in place to at least give those who want to write proceed with their exams. Here is the situation in Johannesburg:

Johannesburg Situation

1.     The lockdown has been downgraded to the lowest level possible (Level 1). Under the lockdown level 1 restrictions people have all gone back to work, local and international travel has resumed and the government is allowing gatherings of not more than 250 people (read more here https://www.gov.za/covid-19/about/coronavirus-covid-19-alert-level-1 ). If gatherings of not more that 250 people are allowed why can’t the CFA set up test centers with 250 students per venue to write? This is well within the government limits. If the CFA institute wanted to be extra cautious, they could have asked each student coming for the exam to present a negative COVID 19 test done within the last 72 hours. South African Institute of Chartered Accountants (SAICA) and Universities in Johannesburg are all proceeding to do their respective exams under these conditions so why can’t the CFA proceed with their exams as well?

2.     As I mentioned above, international and local travel has been opened in South Africa, people are now allowed to travel with no restrictions. Under these conditions it’s difficult to understand why the CFA would restrict people to change test Centers and write in the test Centers that are open across South Africa. They say they are precluding people the change test centers because this would spark a wave of traveling that would result in the virus spreading? But people are travelling in any case across South Africa, the government has allowed people to do so. Surely those who have put in the hard work to study for the exam and wish to travel and write the exams elsewhere can be allowed to do so in this case?

The solution

The virus is here and we need to find solutions to co-exist, adapt and go on with our lives. Against the background presented above, there are relief measures that I am strongly convinced can be offered to students who are in Johannesburg (and possibly other affected test centers) and are willing to take the exam. Therefore, I am petitioning the CFA Institute to at least consider these solutions for the Johannesburg (and possibly other test centers) students who are willing to proceed and write their exams. I present the possible solutions below:

1.     Allow the students who are willing to proceed and write in line with government restrictions of not more than 250 students in each test venue. Each student to present a negative COVID 19 test performed in the last 72 hours to be allowed entry into the exam.

2.     Allow the students who are willing to proceed and write to travel to other test centers to write their exam. Each student travelling for the exam to present a negative COVID 19 test performed in the last 72 hours to be allowed entry into the exam.

3.     CFA institute to come up with any measures that it sees fit for the exams to carry on and charge the extra cost to the students who are willing to proceed and write the exam.

 

 

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