I’ve been a long time reader of AF, but decided to write my first post after failing band 10 yesterday with the following score. Very painful to say the least.
Alt <50
Ethics >70
Everything else 51-70
Definitely going to give it another go around after coming so close. You can now register for the 2017 exam so I decided to look at the study sessions on CFA website to see if anything changed and I was shocked. They removed the FRA reading on inventories, the Equity reading on the Five Forces, Derivs is completely different, added CDS to FI, and they changed around PM a little.
Not complaining as I’m looking forward to never reading about LIFO or FIFO again.
This. LIFO/FIFO made tons of sense. Porter’s 5 forces is also easy sweep points.
But… Pensions… Oh pensions… I won’t miss you. Oh and Econ… What can I say about Econ that hasn’t been said about a used toilet; should be avoided and only gives you shit
Chill a bit maybe? He’s not talking about exam questions. He’s talking about curriculum material that was removed for 2017 that is easy points if it appears on the exam.
In this thread there are more people who passed than people who failed.
I failed band 9
Alt and Quant < 50
Ethics, Fixed Income, PM > 70
Everything else 51-70
In my opinion, LIFO and FIFO are really easy topics, so it’s definitely not a good news.
But a very good news is that they removed a lot in the derivative part: no swaps, no IRS and no future (I remember there were many formulas about futures…)
I feel for you brother. That’s a very decent matrix and probably should’ve been through. Looking at your matrix, it means that at the VERY minimum you got 73 questions correct out of 120 which means 61%. You must’ve scored at least 5-6 questions more right I’m sure than that which means you would have gotten around 78-79 questions correct and that’s around 65-66%. This indicates that the MPS this June was more than 65% which is high I believe. You’re very unlucky brother. But to be honest I doubt rechecking helps. It’s a pure MCQ exam checked by the computers. I don’t think there would be a mistake.
I was expecting a fail after the exam with 60-65% and a pass for 40-35% but fail with band 10 and specially because of Ethics, is difficult to move on. I don’t know how people can deal with it but for me, I’m feeling like a waste 1 year of my life. I’m working for 1 year but I spend at least 250 hours on it.
So for the retakers who passed this year what’s your advice to move on and to deal with it next year ?