Thursday, August 20, 2009

I am pleased to inform you...

You are looking at the results of the newest Level 3 CFA candidate!!!


Questions <=50% 51-70 >70%

AI 6 *

Corp Fin 12 *

Derivatives 12 *

Econ 6 *

Equity 24 *

Ethics 12 *

Stmt Anal 24 *

Fxd Income 12 *

Port Mgmt 6 *

Quants 6 *


It is impossible to overstate how much of a relief this is. I have been working on this for years – just for level 2. No one reads this blog to hear about my emotions so I won't bore you, but this feels really good. It is especially weird because if you look at the 3 questions I asked in the last post, I actually got them all wrong:
I didn't get in the right hand for corp fin. It goes to show that every time I do corp fin I am overconfident. However, there is negligible corp fin at level 3 so it doesn't matter much going forward.
Got 3 in the left. Econ and Derivatives were expected, but I thought I had done better in fixed income.
Continuing with Fixed Income, I performed worse than last year in that area. If someone had told me a week ago that fixed income was in the left column I would have immediately started reviewing level 2 for next year.
Technically, I am not a level 3 candidate yet since I haven't registered for the exam (due to financial reasons). However I have set aside some money to purchase the texts from last year on ebay. Checking out the LOS, I can see that there isn't much change between the years. I should begin studying within the next month. I will keep the blog updated with my progress.