Quote:
Originally Posted by eddly
I passed the UFE!
An exam like no other for sure. So glad that I don't have to go through the UFE process again next year. I've completed my articling hours as well... all I need to do now is finish some professional development courses then I'm good to go. Hopefully I'll be a CA and not a CPA.
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Congratulations. Enjoy the day. It will hopefully be a blur of drunken debauchery.
I have heard many, many stories from CAs stating that the day they found out they passed the UFE is the greatest day of their lives. Although I very much enjoyed it, I don't think it's even close to my best day ever.
What it is, is the biggest difference between how excited you are and how horrible you would be feeling if you failed. In economic terms the marginal happiness is at the maximum, while the total happiness is high, but not the highest or maximum it could ever be. Passing means you have finished your schooling and you get to go out and party with your friends and co-workers. You can soon leave public practice and make more money. Failing means you have two months of anxiety built up and it's about to come crashing down. Everyone's happy except for you. You know you have a year's worth of people telling you that you'll kill it next year and then you have to go through the study process and writing again.
I am so glad I passed on my first write. I have tremendous respect for those who had to write it 2 or 3 times. I'm so glad I didn't have to go through that process more than once.
Next year's writers might have to wait until December 7th to find out if they continue releasing on the first Friday of the month.