3016626
Marc B. Ross
Level 2: Fail
The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area.
Item Set
| Q# | Topic | Max Pts | <=50% | 51%-70% | >70% |
| - | Alternative Investments | 6 | * | - | - |
| - | Corporate Finance | 12 | - | * | - |
| - | Derivatives | 12 | - | - | * |
| - | Economics | 6 | * | - | - |
| - | Equity Investments | 24 | - | * | - |
| - | Ethical & Professional Standards | 12 | * | - | - |
| - | Financial Statement Analysis | 24 | - | - | * |
| - | Fixed Income Investments | 12 | * | - | - |
| - | Portfolio Management | 6 | * | - | - |
| - | Quantitative Methods | 6 | * | - | - |
We have divided the full group of failed candidates into ten approximately equal score bands. Your score band below shows how your overall score on the exam compares with all other failed candidates.
For example, if your reported score band is 1, you scored in approximately the bottom 10% of failed candidates. If your reported score band is 2, your score was within the next band width ranging from approximately the bottom 11% to 20% of failed candidates. If your score band is reported as 10, you scored in the top 10% of all failed candidates.
Performance band of your overall score among all candidates who failed the exam: 8
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I'm Back. I have posted my results from June above. I'm not going to lie, I was devastated by the results. I felt more prepared for this exam than any other CFA exam and prepared more for this exam than I ever prepared for any test in my life. I even thought about quitting the program for about a week, but I thought better of it. Ultimately I started to recover and hear I am. First, last year's results. Where it says max results I put in the number of questions they asked in that area. I wasn't really surprised by ethics. Ethics for me is the one part of the exam I can't really prepare for as well as I'd like. I read the handbook and even work the examples, but the questions are always complicated. They try and test 2 or 3 rules per exam question and I always have trouble figuring which rules take precedence over the others. Is my primary duty to the employer, the public, or the designation? I usually get 4 of 6 on the practice exams, but never more than that. Fixed income is always an area where they ask tough questions. I went into the test thinking I was prepared and walked out of the test thinking I did well. They asked a bunch of conceptual questions this year that I thought I got most of them right. Apparently, I got no more than half right.
Economics and quants cost me the exam. I thought between the 12 questions I got at least 10 right. I thought I got the 5th question on quants wrong, the 6th question on economics wrong and remainder right. I got at least half wrong and that difference of 4 questions probably cost the exam. I honestly don't know how I can prepare harder on economics. Portfolio mgmt. was unbelievable. They changed the cirriculum in that area totally this year. I knew before during and after that they would ask 6 questions and I'd be lucky to get 3. I probably got 1 or 2 right. That was the one area of the exam I expected to get in the first column. I didn't expect to do so poorly on Alternative Investments. I didn't expect it because I didn't know they would ask it. It was one reading as part of equity investments. The entire reading was about real estate valuation. I got the main concepts down but thought it would be 2 or 3 questions as part of equilty valuation. Instead, it was it's own item set. I was screwed.
The good news is that the areas I thought I performed the best in, I was right. I expected higher in corp fin, but overall, I did well in asset valuation. According to the email above, I did better than 80% of the people who failed. Also, according to the email above I did worse than 100% of the people who passed. Apparently I need to maintain in the asset valuations, work my ass of in quants and econ even more than before, spend some extra time on fixed income, and actually put forth some effort on A.I. and P.M. That should not just get me passing, but with flying colors.
So that's the story. Now to make it happen. This week am finishing up the first study session on corp fin. There are 2 sessions, each with an item set in June. I am almost done with the first. I have to work on a couple of practice questions, but it won't be too bad. I wanted to start with an area I feel confident in so I can wrok up to full speed. I can't just go from studying 0 hours last week to 20 this week. So I start with an area where I have to wrok hard, but not too hard. Finance is perfect. I now most of the material, but some of the finer points, mostly memorization of lists, will get by brain working again. Like the transmission of a car you can't go from 1st gear to 5th. Well, my study plan has me doing a study session a week until the first full week in May where I spend the month in review. The hardest part is that I'm studying stuff I was convinced I new last spring. I won't be able to get over that for quite some time.
