- This topic has 83 replies, 36 voices, and was last updated Apr-197:21 pm by
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Nice one, @Dr_pain28 congratulations!
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@alta12 40/60/80 score is an approximation of where your actual score probably was, using a 40% weighting assumption for the <50% bucket, 60% weighting for 50-70%, and 80% for the >70% bucket.
Our analysis tool does that for you – just go to https://www.300hours.com/analyze-results.html to get your results analyzed.
The assumptions and calculations go into a bit more detailed – it optimizes for the number of questions possible depending on the level and topic to get a better read than a simple 40/60/80 weighting. More information here: https://www.300hours.com/1/post/2013/07/everything-you-need-to-know-about-the-cfa-results-day.html
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@Tacheman, @Snippy, @Dr_Pain28 and all those who passed, Congratulations to all of you! Take a bow 🙂 ^:)^
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Really didn’t expect this.
– Your indicated grade: Pass
– Materials used: CFA Institute Curriculum, CFA Institute Practice Questions & Exams, Elan Guides– Your 40/60/80 score is: 81.3%
– Your minimum score is: 74.1%
– Your maximum score is: 98.4%Anxiety not helped by being on vacation and with only intermittent cell service (and a failing battery) – and the email not arriving for an hour.
Level 3 here I come!
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@PoliceDog, @Dan and all those who didnt make it, I know I might not be able to understand what you’re going through, coz each person might have a different situation. But I know one thing for sure, if you stay committed to your goal, then this failure will only spur you on to really ace it the next time.
Goodluck for the next exam guys 🙂
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Congrats @beancounter, @mattyc, @bbowen82, @dr_pain28, @snippy!
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Congrats to everybody who passed! 🙂
Unfortunately I didn’t. And I was in band ten, which makes it quite painful… 🙁 And it was not ethics, but fixed income, of all areas, that was the deciding factor…
Still, I will sign up for December straight away.
@Sascha Tough luck.On the other hand, you know what to target, where to devote more time while preparing next 🙂
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Nice one @jessekreger!!
@sascha unlucky. But glad you’re rebounding right away, and you can target June 2014 for Level II! -
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Congrats @lucelaroo and @ravivooda! And welcome to the forum 🙂
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Hello @lucelaroo, @ravivooda, congrats and welcome!
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Even though I haven’t taken the exam yet, I want to say congratulations to all those who passed! And to those who didn’t make it…I am sorry. I’ve heard this exam is tough! I was gonna take it this December, but decided to wait because I couldn’t put in the required time. Good luck next time! And good luck on Level II for those who made it! 😀
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I passed Level 2, what a relief! I tried to enter the results analysis form, but it keeps telling me that I haven’t filled in all the required fields?
From the Level 1 results analysis posted here, it seems like the overall scores were higher than it was for the Dec 2012 Level 1 exam. I’ll repeat the advice to attempt Level 1 again for Dec if you failed this time.
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@zee Thanks, after the exam I just wanted to get away from anything CFA-related until the results were announced! I’ve made several attempts to fill in the results analysis form (used Safari and Firefox browsers) but it keeps telling me that I haven’t filled in all the required fields. Did anybody else have the same problem?
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@zee Thanks, after the exam I just wanted to get away from anything CFA-related until the results were announced! I’ve made several attempts to fill in the results analysis form (used Safari and Firefox browsers) but it keeps telling me that I haven’t filled in all the required fields. Did anybody else have the same problem?
If there are unfilled-out fields they should have red indicators there… let me know if you still have issues!
Congrats @insomnomania!
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Yay @Shantala, @swift, @insomnomania, congrats!
@Cfadict – sorry to hear that, giving it another go next June? -
Second attempt at Level II:
– Your indicated grade: Fail – Band 7
– Materials used: CFA Institute Curriculum, CFA Institute Practice Questions & Exams, Kaplan Schweser, 7city, Elan Guides– Your 40/60/80 score is: 65.9%
– Your minimum score is: 49.1%
– Your maximum score is: 80.1%I don’t know if I have the patience and perseverance more to go through Level 2 for the third time !
Last time band was 5. This time i killed my ego for studying from CFAI books, as last time i got bogged down by immense vastness of endless explanations in the CFAI curriculum. that took so much time that i wasn’t left with time to practice as immediately after level 1 Dec 2011 jumped to Level 2.but for June 2013 attempt, i didn’t repeat that, i used Elan Notes, put my ego aside to study from CFAI books. and i am somebody who doesn’t study from lecture videos, but used that too so that had all explanations of concepts again and again if i lose out on something. I don’t believe it Ethics again did me in, rest all was fine. i knew i messed up alternative and fixed income during the exam. with these two , it was exactly the situation “you-know-how-to-solve something-and- have-solved-before-but-now-not-able-to-recall-how-to-do-it” i couldn’t do anything more to help it that time 😐 All sections improved >70% but Ethics again <=50%. i just don't understand how could i blew it off again!!!? it's very disheartening to see people who started after me (that is this person gave level 1 in June 2012, when i wrote level 2 for the first time. that too he's without any finance background and in IT) he will be going for Level 3 next time and am still stuck at Level 2. though i met this another person who gave level 1 first time in Dec 2011 with me and probably gave 3rd or 4th attempt to level 1 in June 2013. Hats off to him for keep giving it again and again. probably had i not cleared Level 1 in one attempt, i would have given up long back... i am not registering right away again unlike last attempt. Last attempt i slept hardly 4 hours a night before the exam so knew that was another potential factor for blowing away the exam. this time i made sure i slept by 9 pm also.. as for verification, i clicked on: I didn't pass 🙁 I'm going to wait a while before thinking about registering... i am sorry for writing this much but am quite shattered.. 🙁
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Hi @sethneha, unfortunately when you feel like giving up your often on the cusp of a major breakthrough…”…they quit on the one yard line. They give up at the last minute of the game one foot from a winning touchdown.” – Ross Perot
For many years I have been trying to master the acoustic guitar, and by all accounts I’m terrible! I was desperate to learn how to play my favorite songs but however much I seemed to try I just couldn’t do it – got frustrated and gave up. Then I read a story about Eric Clapton and how in his early days he gave up playing the guitar 4 times because he just could not seem to grasp it. He was eventually so desperate to play he persisted through his frustrations and now he is considered one of the most important and influential guitarists of all time.
I have also had a similar experience recently. I moved to France (for work) and I have been trying to learn the language. My work paid for some French lessons but I just couldn’t seem to get it, worst of all I studied alongside an Italian boy and he creamed me at it – I felt like he was speaking fluently with the tutor where I was struggling to introduce myself.
If I were at home in the UK I would have thrown the towel in long ago, but everyday I hear people speaking French and I can’t help but try to interpret what they are saying. The beauty of my situation is that I am forced through circumstance to study everyday in small chucks with spaced repetition….anyways in the last few weeks I have made major breakthroughs. I have found myself being able to understand large parts of conversations and even participate.
It is entirely your decision whether to continue to pursue the charter, nobody can tell you what is right or wrong to do in your circumstance but how would you feel if you gave up just as your about to make the breakthrough?
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@sethneha Sorry to hear about your results. I might not be able to relate to what you might be going through, but I noticed a few areas which you can work on.
1. You can skip the CFAI books if you want. Use it as a reference. I usually used it for the Ethics EOC questions while I was giving L2. For other topics, I used CFAI only if I had enough time.
2. You’ve seem to have used 3 service providers. I would suggest that you stick to one of them (One that you find most effective). I’ve always preferred Kaplan Schweser, but whatever works for you.
The reason I say this is when you add CFAI to the mix, you’re essentially using 4 sources of study materials. It can be confusing at times to study from different sources, speaking from personal experience.
3. Try and get through enough practice exams. Also, at the same time, make sure that you have enough time to analyse your performance, get back to the drawing board and plug the gaps between these exams.
In other words, make sure that all your practice exams count and that you get to improve with each of them. Maybe that wouldn’t necessarily reflect on your score, but you should definitely feel more comfortable as you move along.
4. I don’t know about how you dealt with the formulas. But it can help to keep a separate formula sheet. Keep going through it regularly and try to write the formulas down on a piece of paper as a part of your practice. Especially during your last 2 months.
Maybe you’re already doing most of the above, I just wrote what I felt you might be missing.
I won’t push you that you register for the next level. Because thats all about your personal choice and situation. I know its hard to see someone else catch up with you, but just try to stay focussed on your goal.
Its like a track sprint, some people will have a headstart, but sooner rather than later you’ll cross the finish line, if you focus on your side of the track and consistently push ahead without worrying about others catching up. Goodluck 🙂
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Couldn’t agree more with @stt00007 and @AjFinance! thanks guys 🙂
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@sethneha
It is entirely your decision whether to continue to pursue the charter, nobody can tell you what is right or wrong to do in your circumstance but how would you feel if you gave up just as your about to make the breakthrough?
@stt00007 thanks for the post.yes, i want to make the breakthrough especially when i know i am this close. i flopped the exam but was proud of myself for getting >70% in FSA, Equity, PM and esp corporate finance (as i felt i goofed this one). this was the solace point for me.
but i still want to better the Ethics and is more of ego thing now that how could this one damm exam beat me and how could i let it beat myself. i want to take the hell out of the exam and give it back on its face!
i just don’t know if i have patience to wait for another year. if they were starting with Level II second attempt in this 2013 December then by all means i would happily register without thinking about it. one whole year is tad too much now…
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@sethneha Sorry to hear about your results. I might not be able to relate to what you might be going through, but I noticed a few areas which you can work on.
1. You can skip the CFAI books if you want. Use it as a reference. I usually used it for the Ethics EOC questions while I was giving L2. For other topics, I used CFAI only if I had enough time.
2. You’ve seem to have used 3 service providers. I would suggest that you stick to one of them (One that you find most effective). I’ve always preferred Kaplan Schweser, but whatever works for you.
The reason I say this is when you add CFAI to the mix, you’re essentially using 4 sources of study materials. It can be confusing at times to study from different sources, speaking from personal experience.
@AjFinance, thanks for the post and detailed pointers.1. this time i used CFAI books only for Ethics and as reference just to look up few topics for tid bit clarity on concepts. for first time i was overwhelmed by the size of CFAI books and ultra small font of the book that i didn’t dare to touch it apart from the EOC and examples from the book. for Level 1, i entirely studied only and only from CFAI books. they were like Bible for me for Level 1.
2. I only used Elan as my study provider. Kaplan books i always had but never used it, since level 1, i always felt Kaplan Schweser was a waste as it tend to miss few topics or never gave good explanation. it was just a showcase for me. I used Kaplan Schweser Mocks and 7 city for just add on mock papers.
and yes i agree too many providers tend to be confusing that’s why I solely studied from Elan Study Notes and Lectures this time and totally relied on that. I added these resources while filling the Level II analysis as they asked to write all that you used so even one time use i just wrote there. and Elan is good, it cleared lot of concepts for me with its lectures. i was waiting to sign it up for Level III…
3. As for mocks and formula, yes i would consider this and use it next time.
only thing is if i’ll register again, i had plans to give my charter after earning it to take up a specific activity as full time. that’s why more questions on should i wait to earn my charter or at least clear the exams or not.
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@sethneha Sorry to hear about your results. I might not be able to relate to what you might be going through, but I noticed a few areas which you can work on.
1. You can skip the CFAI books if you want. Use it as a reference. I usually used it for the Ethics EOC questions while I was giving L2. For other topics, I used CFAI only if I had enough time.
2. You’ve seem to have used 3 service providers. I would suggest that you stick to one of them (One that you find most effective). I’ve always preferred Kaplan Schweser, but whatever works for you.
The reason I say this is when you add CFAI to the mix, you’re essentially using 4 sources of study materials. It can be confusing at times to study from different sources, speaking from personal experience.
only thing is if i’ll register again, i had plans to give my charter after earning it to take up a specific activity as full time. that’s why more questions on should i wait to earn my charter or at least clear the exams or not.
@sethneha I didn’t get you. Are you referring to work experience requirements? -
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requirements is one thing. but what i referred to was i had wanted to give up my career and join in an volunteering activity on full time basis. i was just waiting to go after completing exams just to finish what i started but now that’s getting delayed and more delayed…
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Yes we will @Dr_Pain28. We’ll give it another week or so for results collection before we start working on it. It won’t be too long 🙂 The more data we have the better the report (says the data nerd in me)!
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@Dr_pain28 the report will be a few weeks after the Level III results, so probably early September. Will be in time for the start of your 2014 prep, no worries! 😉
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@vincentt we go a few layers deeper than a simple calculation. We take into account the actual possible scores based on how many questions would be possible.
As an example, if a topic category has 9 questions (18/240), the min scores are actually 0% (no questions right), 44% (4 questions right) and 56% (5 questions right), and max is 56% (5 questions right), 78% (7 questions right) and 100% (9 questions right).
This is calculated for each individual category, and gives us an even more accurate picture of what’s going on 😀
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@zee ah u used that method. However, I remember reading somewhere that says if the highest (among all candidates) for that topic is say 90% (just an example). The score will be something like 4/6 (4 questions right out of 6) divided by 90% so instead of the 66.67% you will be getting 74.1%.
I’m not 100% sure if this was from the official sources.
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I’m late to this party, but I wanted to say that I passed L1 after failing band 9 in December.
I ended up turning most of my weaknesses into strengths and this forum/blog has been an immense help. The people on this site are always positive, and it really helped me chug through those few months where I was dreading another failure.
Congrats to those who passed; and to those who didn’t, I am a bit of proof that you should keep at it!
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Congrats @Dr_Pain28! I passed as well 🙂
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@AmirElmasri Band 1 is the lowest-scoring category, while Band 10 is the highest-scoring fail category. There’s no exact or consistent definition of the points between score bands – they’re just indicative. Hope this helps!
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