CFA Level 1 June 2012 Results

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InnerFish's picture

I failed… was expecting it because I completely underestimated the exam and only studied for a month, but depressing none the less.

For reference: Band 9 fail

Alternative Investments 8–*

Corporate Finance 20-*-

Derivatives 12–*

Economics 24-*-

Equity Investments 24*–

Ethical & Professional Standards 36-*-

Financial Reporting & Analysis 48-*-

Fixed Income Investments 28-*-

Portfolio Management 12*–

Quantitative Methods 28-*-

Access Elan Guides' lecture videos and study guide readings for LI Quantitative Methods and Financial Reporting and Analysis for FREE!
pdx914's picture

Passed.  All 70+ except Econ and quant.

Email was in spam filter until 5 pm today…..I’ve been drinking every since :)

Congrats to us and don’t give up to the 62%.


Sell crazy someplace else, we're all stocked up here

myig's picture

Passed.  >70% in all sections!

Oh yeah it’s incredible such a relief and satisfaction

Congrats to all who passed


jozolins's picture

Passed! such a relief. Got my result at 3 am in the morning, didnt sleep for awhile… 

Q#Topic     Max Pts <=50% 51%-70% >70%
-Alternative Investments  8 - - *
-Corporate Finance   20 - - *
-Derivatives    12 - * -
-Economics    24 - - *
-Equity Investments   24 - - *
-Ethical & Professional Standards 36 - * -
-Financial Reporting & Analysis  48 - * - 
-Fixed Income Investments  28 - - *
-Portfolio Management   12 - - *
-Quantitative Methods   28 - * -

saurabh.bansal's picture

Passed! I was more relieved than happy. Got it at 9.pm IST.

AI<50

50

Rest>70

ipg's picture

I can’t believe I PASSED! :)

I was 99% sure I had failed, as I felt I really hadn’t studied enough… So when I got the email yesterday at 4.30 pm (GMT), I couldn’t be happier! 

Got >70% on all topics, except AI (51%-70%).

Congratulations to everyone that passed and a word of encouragement to everyone who didn’t: Don’t give up guys! You’ll make it next time ;)

BuckeyeNation's picture

Failed. Band 10

Alternative - * -

Corporate Finance - - *

Derivatives - * -

Economics - * -

Equity Investments - * -

Ethics - * -

FRA - - *

Fixed Income - * -

Portfolio Management - - *

Quant - * -

Will be taking it again in December. Congrats to those who passed.

"Don't tell me how rough the seas are, just bring the ship in!"

ankurkedia's picture

Passed!!

>70% all sections…hurray!

JoeUFMBA13's picture

First post on this site and I can report a gut-wrenching failure. Studied my arse off with a prep company and realized too late in the game that I might not have been making the best of my time with them. When Alan Greenspan is mentioned as the present Fed Chairman and housing is referred to as a “liquid investment in this market” I realized I was in trouble. Of course, that didn’t come until the AI videos which was the last set of videos. Crammed as much of the CFAI’s material after then but it was too little too late. Plus having MBA finals in non-CFA topics a month before Level 1 didn’t help either. I’m excited for the December test since I’m taking some Finance and Statistics MBA courses now which have already given me some good knowledge on the material for Level 1 which I didn’t do so well with. Congrats to those who passed! I suspect you’re all already on the Level 2 boards and beginning to fret over the new mountain to climb.  

Alternative Investments 8 *–

Corporate Finance 20 *–

Derivatives 12 *–

Economics 24–*

Equity Investments 24*–

Ethical & Professional Standards 36–*

Financial Reporting & Analysis 48-*-

Fixed Income Investments 28 *–

Portfolio Management 12 *–

Quantitative Methods 28 *–

Band 5. I call guitarist!

pdub's picture

Keep your head up. Go Gators!

butterfly1456's picture

I also was pretty down yesterday after receiving my result. I failed with a band 8 but we have got to keep moving ahead and be better prepared in December.

Boo Yah!

JoeUFMBA13's picture

Go Gators pdub! Well butterfly, failing once is enough of an inspiration for me, and I’m sure you as well, to get out there and make sure it doesn’t happen again. Here’s to owning December!

rahkab's picture

Passed .. Really surprised since I spent less than 3 weeks to study due to work commitments. However, an undergrad in finance really helped me since all the material in level 1 was basically a review of my finance courses.

Topic
Max Pts
<=50%
51%-70%
>70%

-
Alternative Investments
8
-
-
*

-
Corporate Finance
20
-
*
-

-
Derivatives
12
-
-
*

-
Economics
24
-
-
*

-
Equity Investments
24
-
-
*

-
Ethical & Professional Standards
36
-
*
-

-
Financial Reporting & Analysis
48
-
-
*

-
Fixed Income Investments
28
-
-
*

-
Portfolio Management
12
*
-
-

-
Quantitative Methods
28
-
*
 

rfern11's picture

Passed

>70% AI, Corp Finance, Economics, Equities, FRA, Fixed Icnome, Portfolio Mgmt and Quant

51% - 70% Ethics

<50% Derivatives

fer.89c's picture

wow man! you got really lucky there! you got mid scores in the two largest areas (ethics and FRA).

Congrats!

rfern11's picture

Thanks but I got above 70 on FRA, definitely need to work on Ethics and Derivatives though for Level 2.

StudyTorture's picture

Honestly, can’t believe I passed.  Was doing alright on practice exams, but definitely not blowing them out of the water.  Does my matrix appear to be strong in the clear or borderline?

Alternative Investments - - *

Corporate Finance - - *

Derivatives - - *

Economics - * -

Equity Investments - - *

Ethics - - *

FRA - - *

Fixed Income - * -

Portfolio Management - - *

Quantitative Methods - * -

tuftufwang's picture

Took the exam while I was 6 months pregnant and remembering regretting my insanity. Thank God I passed.

Derivativies, Equities, Corp Fin - 51-70%

Everything else: >70%

IW

cpolesiak's picture

Q# Topic Max Pts <=50% 51%-70% >70%
- Alternative Investments 8 - - *
- Corporate Finance 20 - - *
- Derivatives 12 * - -
- Economics 24 - * -
- Equity Investments 24 - * -
- Ethical & Professional Standards 36 - - *
- Financial Reporting & Analysis 48 - * -
- Fixed Income Investments 28 * - -
- Portfolio Management 12 - * -
- Quantitative Methods 28 * - -

Band Score 9.
At least I will have a significant advantage with my hours of study over others for the December exam. I’m thinking of watching all the schweser videos and doing the qbank as well as end of chapter questions in the CFA book for the December exam. Any opinions?

Alladin's picture

tuftufwang wrote:

Took the exam while I was 6 months pregnant and remembering regretting my insanity. Thank God I passed.

Derivativies, Equities, Corp Fin - 51-70%

Everything else: >70%

Congrats! on both the pass and the little one

______________________________________________________

You must be the square root of two cause i feel irrational around you

http://alphahive.wordpress.com/

Don&#039;tBeAQuitter's picture

You are exactly where I was at 6 months ago. Get back on it when you’re feeling ready to roll and dominate that test. You know what to expect now, and you know the subjects to put work into. Do as many practice questions as you can and you will pass.

Leroy2's picture

cpolesiak wrote:

Failed! It really sucks getting this email:

We sincerely regret to inform you that you did not pass the June 2012 Level I CFA exam. 38% of candidates passed the June 2012 Level I CFA exam.

Your score band: 9

For example, if the reported score band is 1, you scored in approximately the bottom 10% of candidates who did not pass. If the reported score band is 2, your score was within the next band width ranging from approximately the bottom 11% to 20% of candidates who did not pass. If your score band is reported as 10, you scored in the top 10% of candidates who did not pass.

I came, I saw, I did NOT conquer…this time. Haha. Back to the books for the December exam. ;) Congrats to those who passed.

Courage!

Leroy

paul1977's picture

I passed! I’ve been on cloud nine since. Congrutulations to everyone who passed.

For those that didn’t passed, good luck in December.

Options Guru's picture

A little late but… PASSED!!! Got my email a little before noon on Tuesday, worst wait of my life. Walking out of the test I honestly thought I bombed economics (did not study a lot of the new 2012 material) and quant since I suck at basic stat. I’m a little surprised about derivatives considering they’re my occupation and pastime =P. Had I failed I would have obviously been very disappointed considering I easily put in over 300+ hours and did over 15 practice tests. To those who did not, do not give up, take it again and I guarantee you it will be that much easier since you already went through it once. On to Level 2 in June 2013!!!

Q# Topic Max Pts <=50% 51%-70% >70%
- Alternative Investments 8 –*
- Corporate Finance 20 –*
- Derivatives 12 -*-
- Economics 24 -*-
- Equity Investments 24 –*
- Ethical & Professional Standards 36 –*
- Financial Reporting & Analysis 48 –*
- Fixed Income Investments 28 –*
- Portfolio Management 12 -*-
- Quantitative Methods 28 -*-

babypurin's picture

Passed. Kinda suprised, though, because I was doing terribly on Kaplan/Schweser’s practices exams.

Q# Topic Max Pts <=50% 51%-70% >70%
- Alternative Investments 8 - - *
- Corporate Finance 20 - - *
- Derivatives 12 - *-
- Economics 24 - -*
- Equity Investments 24 - -*
- Ethical & Professional Standards 36 - - *
- Financial Reporting & Analysis 48 - -*
- Fixed Income Investments 28  - -*
- Portfolio Management 12 - -*
- Quantitative Methods 28 - *-

Leroy2's picture

cpolesiak wrote:
Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 8 - - * - Corporate Finance 20 - - * - Derivatives 12 * - - - Economics 24 - * - - Equity Investments 24 - * - - Ethical & Professional Standards 36 - - * - Financial Reporting & Analysis 48 - * - - Fixed Income Investments 28 * - - - Portfolio Management 12 - * - - Quantitative Methods 28 * - - Band Score 9. At least I will have a significant advantage with my hours of study over others for the December exam. I’m thinking of watching all the schweser videos and doing the qbank as well as end of chapter questions in the CFA book for the December exam. Any opinions?

+ Atleast one round revision of the concept. Good luck!

Leroy

finwarrior's picture

level 2 here we come baaby. Will be registering in a month!

My results had 2 50-70s. none of the big boys :).  The suspense ahead of the exam is crazy when some people start getting depressed n spreading their mood across. Well done players

Level 1 Candidate, Boy you better get reading!

Alladin's picture

Congrats guys…take a break and come back fighting whether it be another L1 or L2!!

______________________________________________________

You must be the square root of two cause i feel irrational around you

http://alphahive.wordpress.com/

cocrehamster's picture

Passed!

<=50% - Portfolio Management and Derivatives

51-70% - Quant and Corporate Finance

>70% - Everthing else

kellerzabel's picture

I think I was extremely lucky when I passed. I had 3 <= 50, 5 50-70, 2> 70.

Thankfully the ones that were <=50 were all the small topics; I saw someone’s post earlier with 8 or so in the middle band and 2 > 70 that didn’t pass.. must’ve been extremely lucky..

Congrats to all that passed, good luck to all those that didn’t make it this time round and sitting the Dec exam!

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