I agree that level II is way harder than level I. It is more similar to level II of CFA in terms of amount of study needed. Even though there are only two books compare to 5 in CFA, material is very deep in CAIA which makes it harder.
Scoring closing to 70 is nice though. As per comments from cfainnyc, exam was tough so hopefully scoring in 60s will take us through.
pupdawg did you write the exam already?
I just made my final list of notes I need to memorize……. still 13 pages with size 12 font… ouuf!
Does anyone have trouble remembering all that info about the 5 levels of uncertainty…. so much memorizing.
I took two exams from Uppermark and scored 76 and 68 in MCQ and didn’t bother to check essay answers.
I need to memorize formulas and go through with 5 levels of uncertainity, binomial problems from HF and SS7, Author’s work on different articles, Essay and incorrect problems review from Qbank etc etc are still to do. It is just too much man..hard to memorize.
I agree that it is one of the toughest thing to memorize. I never got the answers correct from that article on uncertainity.
Justice! Found some mistakes on the exam I took in the Ethics section and confirmed it with Schweser. Glad I am not going insane.
Exam #2 or #3?
Just say which problem if its #3 because I haven’t doen it yet haha
Big ML - you are taking it in on wednesday, right? Are you taking days off from work?
I am taking it Wednesday. I took today off and I can’t take tomorrow.
Just finished part I of Schweser exam III and got a 75%. Felt that there were a few strangely worded questions. Not sure whether it is just me or the actual exam.
I’m hoping to finish all of the essay questions in Practice Exams book then go over some weak spots and make sure I have all of the formulas nailed down. Most of all I am trying not to stress out!
“Most of all I am trying not to stress out!”
- This is the toughest thing not to do.
> Which which!!!
> Exam #2 or #3?
> Just say which problem if its #3 because I haven’t
> doen it yet haha
Sorry, missed this the first time. It was questions from the final exam review.
Just finished the MC part…. got 71%. blah. Zero progess from last time. Got 13/17 on ethics. Which were the questions in ethics that were wrong?
71% is not bad bro. You will be alright
Yeah its okay, but not in the comfort zone area. I would love to see that number be at around 75-80 instead consistently. Did make 2 bonehead mistakes……. and another 3-4 I think i perhaps could have gotten.
The last big chart on the 5 levels of uncertainty…… why on earth did they ruin our lives with that. Will take so long to memorize….
The chart on uncertainty is tough. I am just going to read it a few times tonight and that is all I can do.
Also, I think some of the schweser ethics questions were a bit suspect. I am even more suspicious now knowing they had some wrong on the Final Review.
Anyway, my plan for this evening is to review my mistakes on the Study Guide questions, go over the Secret Sauce for hedge funds and structured products and go over my notes/quick sheet.
Wake up in the morning and go over my notes and the quick sheet.
Good luck Big ML for tomorrow. Please share your experience
Two extra days for us wouldn’t make much difference for us who are taking on 23rd.
GOOD LUCK BIG ML!!! Your gonna destroy the exam!!
Be sure to write here after what you thought!!
Thanks for the well wishes. Back from the belly of the beast.
The good… 2/3 of the essays were in my “sweet spot” as much as any essays can be. Still feeling my confidence is shot after Level III of CFA. Find that I am second guessing myself a ton. That being said, I had more than enough time (maybe too much) and I am 100% sure I didn’t completely bomb it.
The bad… The MCQ’s were very difficult for me and there was not enough time on the MCQ portion for review. I ended up with 20 or so questions in my review bin, which was about equal to my worst prcatice exam. With a little more time I definitely could have gotten a few more points as I left one of the longer problems to the very end as it was slightly more difficult for me at least.
The ugly… there were 3-4 questions that I had NEVER seen covered in any of the materials. That is the price you pay when you primarily rely on third party materials, but it was really frustrating to have never even seen them at all.
Anyway, I have a decent chance at passing. At the very least I am better at my job for having studied and I know I can kill this thing if I have to take it again. Just wish work wasn’t so brutal the last 2-3 weeks.
Thanks for the feedback. 2/3 essays in the pocket and assuming out of the 20 or so mcq’s, e if you get half right, I would say you have very good chances of passing!
I think we all could have used a little more time studying for this since the material is a bit deeper than level 1.
and whats up with CFA L3? a band 10?
I fight my battle tomorrow!
Thanks for sharing ML. Good to know that it went alright. I hope to get 2/3 essays in my sweet spot as well. I would prefer essays coming from SS8 and Ethics..would be nice.
How many numericals were there in both parts?
Just finished the Final review MC from Schweser…. banged out an 81% which got my confidence up a bit.
Great job ML….. sounds like you did really well.
Quick question for you guys out there……. do you think its important to know the violation of the standards ……. aka saying in an essay question “this person violated standard #5, which is blah blah blah” Do we have to know it to that detail?
Big ML, how would you rate the MC questions compared to the final review? Easier or harder?
> Just finished the Final review MC from
> Schweser…. banged out an 81% which got my
> confidence up a bit.
> Great job ML….. sounds like you did really well.
> Quick question for you guys out there……. do
> you think its important to know the violation of
> the standards ……. aka saying in an essay
> question “this person violated standard #5, which
> is blah blah blah” Do we have to know it to that
It says in the Schweser that you don’t have to and I would concur with that.
> Big ML, how would you rate the MC questions
> compared to the final review? Easier or harder?
For me the seemed a bit harder, but then again I am only remembering the ones I struggled with.
were you able to find few gimmies like definition, plug and chug etc etc.
How many numericals you saw in the exam?
Arrghh!!! I could use another week…I propose they allow you to take the exam one week after you find out you flunked the last week in October rather than have to wait until March! Way too much lag time.
Pupdawg are you as tired as I am of reading over the same stuff over and over? lol
Tomorrow I am going to do the CAIA sample questions and then just a light read over in the afternoon…. thats it thats all.
yes I am very tired and just want to get it over with. Essay is going to suck a$$. I am reviewing essays right now and will do some formulas today.
Tomorrow- Light read, review numericals, formulas etc. Day off from work for me.
I am eagerly waiting for Friday 1pm EST.
> Big ML,
> Thanks for the feedback. 2/3 essays in the pocket
> and assuming out of the 20 or so mcq’s, e if you
> get half right, I would say you have very good
> chances of passing!
> I think we all could have used a little more time
> studying for this since the material is a bit
> deeper than level 1.
> and whats up with CFA L3? a band 10?
> I fight my battle tomorrow!
Don’t get me wrong, the material was completely doable. My personal circumstances just prevented me from being where I wanted to be in terms of my studies.
Have fun tomorrow.
> Arrghh!!! I could use another week…I propose
> they allow you to take the exam one week after you
> find out you flunked the last week in October
> rather than have to wait until March! Way too
> much lag time.
I really wish they did give it more often, but then I guess it woudl be a less exclusive exam.
The essay’s are what worry me the most out of everything. You get 1 question you don’t like and your on the bubble and if you get two then forget it…. Impossible to recover. I wonder if it’s like the GMAT where you get a random pool of questions or everyone gets the same
> were you able to find few gimmies like
> definition, plug and chug etc etc.
> How many numericals you saw in the exam?
There were certainly enough layups on the exam if you knew what you were looking for.
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