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The CFA Level I & II June 2014 Results Roundup
By Zee Well?! Have you gotten your results? As we’ve all been through the CFA exams, all of us at 300 Hours know the jitteriness that you’re feeling now. We also know that there can be quite a few…
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Yep it’s 42% and 46% for L1 and L2. For more details see our latest post: http://www.300hours.com/blog/the-cfa-level-i-ii-june-2014-results-roundup
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Im still waiting for mine guys – I know it sounds silly but someone once mentioned that if you’ve passed you should get your results within the hour and the later you get your results the more likely you’ve failed. I brushed it off as nonsense before but as you can see when the jitters kick in things like this play on your mind. Is there any truth in the above and has anyone got their level 2 results yet?
In case you haven’t noticed I am stressing the hell out lol. -
@justinturner I’m in the exact same boat. Had my Level 1 at 8:03 central time in December. Still waiting for my Level 2 right now.
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Congratulations! We are very pleased to inform you that you passed the June 2014 Level II CFA exam. 46% of candidates passed the June 2014 Level II CFA exam.Item Set
Q# Topic Max Pts <=50% 51%-70% >70% – Alternative Investments 18 * – – – Corporate Finance 36 – – * – Derivatives 36 – – * – Economics 18 – – * – Equity Investments 72 – – * – Ethical & Professional Standards 36 – * – – Financial Reporting & Analysis 72 – – * – Fixed Income Investments 18 – – * – Portfolio Management 36 – * – – Quantitative Methods 18 – – * -
Level II Pass:
Item SetQ# Topic Max Pts <=50% 51%-70% >70%
– Alternative Investments 18 – – *
– Corporate Finance 36 – * –
– Derivatives 36 – – *
– Economics 18 – * –
– Equity Investments 72 – – *
– Ethical & Professional Standards 36 – – *
– Financial Reporting & Analysis 72 – – *
– Fixed Income Investments 18 – * –
– Portfolio Management 36 – – *
– Quantitative Methods 18 – – * -
Level 2 Pass!!
Item Set
Q# Topic Max Pts <=50% 51%-70% >70%
– Alternative Investments 18 – * –
– Corporate Finance 36 – – *
– Derivatives 36 – – *
– Economics 18 – – *
– Equity Investments 72 – – *
– Ethical & Professional Standards 36 – – *
– Financial Reporting & Analysis 72 – – *
– Fixed Income Investments 18 – – *
– Portfolio Management 36 – * –
– Quantitative Methods 18 – – *Members of 300 Hours – thank you very much for all your help – will defo see you guys beginning of next year!!
I can finally see the light at the end of this very long tunnel!!
Thank you all for your help!!
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Passed L2:
Q# Topic Max Pts <=50% 51%-70% >70% – Alternative Investments 18 * – – – Corporate Finance 36 – – * – Derivatives 36 – – * – Economics 18 – – * – Equity Investments 72 – – * – Ethical & Professional Standards 36 – * – – Financial Reporting & Analysis 72 – – * – Fixed Income Investments 18 – – * – Portfolio Management 36 – – * – Quantitative Methods 18 – – * -
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Level II PASS (Whew)
– Alternative Investments 18 * – –
– Corporate Finance 36 – – *
– Derivatives 36 – – *
– Economics 18 – – *
– Equity Investments 72 – – *
– Ethical & Professional Standards 36 – – *
– Financial Reporting & Analysis 72 – * –
– Fixed Income Investments 18 – – *
– Portfolio Management 36 * – –
– Quantitative Methods 18 – – * -
Rhino6187 said:
Also still waiting for Level 2. I’m feeling disheartened because of that old rumor (true or not) that the longer it takes, the more likely it is you failed.
Goodluck! Frustrating when it takes this long. I assume that rumour is not true, but i have no proof it isn’t…either way goodluck
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@justinturner got my results…failed Level 2. Can’t say I’m too surprised. I didn’t get Level 1 results until 1/28 so I only had four months and probably only got 250 hour of studying between all the weddings and overtime. Taking time off to study wasn’t an option because I have to hide from my job that I’m taking the exam so they don’t fire me (long story). My weak areas were quant, Econ and PM. Scored less than 50 in those three, which makes sense because I didn’t put enough study time into Quant or Econ. My attitude right now is that I know with a full year to study I’ll be able to put in adequate time and get a pass. I know what I’m up against, and I have a solid foundation in the bigger areas like equity and financial reporting. I’ll go back and put in more time next year and get the pass.
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Rhino6187 said:
@justinturner got my results…failed Level 2. Can’t say I’m too surprised. I didn’t get Level 1 results until 1/28 so I only had four months and probably only got 250 hour of studying between all the weddings and overtime. Taking time off to study wasn’t an option because I have to hide from my job that I’m taking the exam so they don’t fire me (long story). My weak areas were quant, Econ and PM. Scored less than 50 in those three, which makes sense because I didn’t put enough study time into Quant or Econ. My attitude right now is that I know with a full year to study I’ll be able to put in adequate time and get a pass. I know what I’m up against, and I have a solid foundation in the bigger areas like equity and financial reporting. I’ll go back and put in more time next year and get the pass.
Sorry to hear 🙁 I put in 350 hours of study, that extra 100 hours made a big difference I am sure, and I probably raised my mark by around 10% during that last 100 hours (which i did in the last 7 or 8 days leading up to the test). After 250 I was a lot less prepared.
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I agree it’s not a linear curve in terms of being prepared and the number of hours. Hang in there, @Rhino6187, I’m sure you’ll get it next time.
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1st shot at L2 after passing L1 in December, Band 9, Bummer!
Alternative Investments: -*-
Corporate Finance: *- –
Derivatives: – – *
Economics: – * –
Equity: – – *
Ethics: – – *
FRA: – * –
Fixed income: * – –
Portfolio Management: – * –
Quantitative Methods: * – –Congrats to all who passed! I’ll take another crack at it next year!
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Dr_Pain28 said:
Apparently they are saving the best for last… or that is what i keep telling myself every time I check and still haven’t gotten my results. This is killer waiting!You are checking the junk mail right? Seems extreme to not have received by now. Also, for whatever it is worth I only received the email on my blackberry about 30 minutes after it arrived in my actual email inbox, so you might want to keep track of your inbox/junkmail instead of cellphone since there could be a delay with that as well.
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@justinturner thanks for the advice. I’m on my computer and checking through the spam and all the various folders I have. I don’t know what happened. I guess all I can do is keep waiting.
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Sorry to hear @Rhino6187 …
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@Rhino6187 sorry to hear that. But it is an amazing feat to try pulling that off given all your personal commitments. Glad you are not giving up easily and will see you in this coming L2!
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S_toThe_G said:Got my result just now – passed! Ps, email says it was sent out over an ago, but it arrived in my mail box just now.
This was my second try at L2. My weakest topics became my strongest topics this time. Give it your all. Don’t give up if you don’t make it first time around.
It must be quite satisfying to pass on your second attempt, congrats!
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Congrats @S_toThe_G! Now for the final leg 😉
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Wow, you guys killed level II. I passed but just barely!
Alternative
Investments18
*
–
–
Corporate
Finance36
–
*
–
Derivatives
36
*
–
–
Economics
18
–
*
–
Equity
Investments72
–
–
*
Ethical &
Professional Standards36
–
–
*
Financial
Reporting & Analysis72
–
–
*
Fixed Income
Investments18
*
–
–
Portfolio
Management36
*
–
–
Quantitative
Methods18
–
–
*
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DollarsToDonuts said:
Wow, you guys killed level II. I passed but just barely!
Alternative
Investments18
*
–
–
Corporate
Finance36
–
*
–
Derivatives
36
*
–
–
Economics
18
–
*
–
Equity
Investments72
–
–
*
Ethical &
Professional Standards36
–
–
*
Financial
Reporting & Analysis72
–
–
*
Fixed Income
Investments18
*
–
–
Portfolio
Management36
*
–
–
Quantitative
Methods18
–
–
*
Wow, that is cutting it close. Acing the three subjects you aced really saved you. You put your efforts in the right subjects.
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@justinturner yeah, i had studied everything, but as the test approached my physical health (and hence mental health) was flagging significantly so I had to focus my efforts.
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@DollarsToDonuts you must have been just on the cusp in those “<50” sections, and really killed Equity and FRA. Good job
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Alternative
Investments8 – – * Corporate
Finance20 – * – Derivatives 12 – – * Economics 24 – * – Equity
Investments24 – * – Ethical
& Professional Standards36 – * – Financial
Reporting & Analysis48 – * – Fixed
Income Investments28 – * – Portfolio
Management12 – * – Quantitative
Methods28 * – – That’s a pretty low max score right there. But I passed, I’ll take it.
My understanding is that there are no style points…
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A pass is a pass! Congrats @DollarsToDonuts, @BobBarkerPlaysPlinko, @bostonCFA2014!
@dennis_ny, sorry to hear 🙁
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A pass is a pass 🙂 Well done @DollarsToDonuts @mattyc @Drpain28 ! Congrats all, we are so happy for all of you!
@rhino6187, @Dan, @HoboJoe sorry to hear that. I hope you don’t give up though, it’s pretty close results wise… I’m here for you in your next go!
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The more I look at my score breakdown, the more I don’t understand how I passed lol. I had 4 below 50%, 2 between 51-70%, and 4 above 70%
What you entered
- Your indicated grade: Pass
- Materials used: Elan Guides
You scored higher than 13.4% of all Level II results in our database
- Your 40/60/80 score is: 61.7%
- Your minimum score is: 45%
- Your maximum score is: 75.1%
I almost feel the need to register for level III right away to “lock in” my results…
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DollarsToDonuts said:
The more I look at my score breakdown, the more I don’t understand how I passed lol. I had 4 below 50%, 2 between 51-70%, and 4 above 70%
That’s a pretty interesting std deviation there matey, but I’d take it as a pass when I finally get to your stage (with plenty of bumps along the road between here and there I’m sure).
Out of interest. I saw the following online and wondered if the weights published are still approximately equal to this?
http://i.investopedia.com/content/examprep/cfa1examweight.jpg
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@microeconomist i second that! i found that i actually did better when i studied less! rather than burning myself out with 20-30 hour weeks, i would aim for 8-12 and found myself more productive, less stressed, and able to retain more.
and of of course, 95% of those 8-12 hours came from the weekend.
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DollarsToDonuts said:
The more I look at my score breakdown, the more I don’t understand how I passed lol. I had 4 below 50%, 2 between 51-70%, and 4 above 70%
What you entered
- Your indicated grade: Pass
- Materials used: Elan Guides
You scored higher than 13.4% of all Level II results in our database
- Your 40/60/80 score is: 61.7%
- Your minimum score is: 45%
- Your maximum score is: 75.1%
I almost feel the need to register for level III right away to “lock in” my results…
@DollarsToDonuts how’d you get this detailed result? am i missing something?
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@Pranav if you go here: http://www.300hours.com/blog/the-cfa-level-i-ii-june-2014-results-roundup
you’ll see a form that lets you enter in your score breakdown
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@Justinturner @edulima @Sophie @Zee thank you all for your words of encouragement. I’m really not that down about it because I honestly did not have enough time to give it my best effort and I knew that going in.
When I found out I passed Level 1 at the end of January, I figured I’d give Level 2 the old college try in June so that I wouldn’t have to wait so long between exams and risk losing the knowledge I’d learned, and I figured there was some chance I’d pass. I don’t consider it a waste at all though. Now I know what I’m dealing with. Also, I’m now going into Level 2 with 11 months to study and a solid foundation in much of the Level 2 curriculum because I did learn much of it this time around.
I registered for the June 2015 Level 2 exam the next morning as soon as the website opened back up. I’m coming back reloaded, with adequate time to prepare and study this time around. I won’t be trying to rush through everything in 200 hours and then take three practice exams. I’ll have plenty of time to actually read all the material instead of skimming and skipping. I’m looking forward producing to a solid pass next June. I actually do find most of the Level 2 curriculum (except quant) interesting, and I believe it will be beneficial to my career to take time to understand it better instead of squeaking out a borderline pass, which would have been my best scenario this time with four months to study.
Here were my results by the way:
Alternative Investments 18 *–
Corporate Finance 36 –*
Derivatives 36 -*-
Economics 18 *–
Equity Investments 72 -*-
Ethical & Prof. Standards 36 –*
Financial Reporting & Analysis 72 -*-
Fixed Income Investments 18 -*-
Portfolio Management 36 *–
Quantitative Methods 18 *–
Your 40/60/80 score is: 58.3%
Your minimum score is: 45.8%
Your maximum score is: 69.2%
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prost said:I filled out the level II questionnaire, and it wasn’t even remotely close to how I had calculated my score in my own spreadsheet. Were things weighted correctly?
Hi @prost
Yes, it should be. We also take into account the fact that the lowest and highest scores won’t always be at 50%, 51%, 70% and 71% respectively (depending on the number of questions in each category) so perhaps that’s the source of the difference.
For example, for a subject with 18 points allocated (such as Alt Investments for this year), the minimum and maximum for the 51%-70% band is both 67%, which is 4 questions out of 6 right (i.e. 12 points out of 18). There are no other possibilities that fit.
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