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September 2018 CAIA Level II - How is everybody doing? Share Ideas, report progress and share your EXAM RESULTS !!!

May request a change… I think you probably pay less but are not a full member. if you have no problem paying the full amount and want the full membership then you’re good to go 

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Felt I was a 50/50 chance on passing and got stronger on most.  A little perplexed.  I do wonder if there is much separating the scores as I only felt I had a good handle when taking the test  on real assets of which I work in.  I only got lower in Ethics and I thought my Ethics questions was crazy and wouldn’t know how to answer the main part still. 

In preparing for a fail over the past six weeks, I reviewed the CAIA Workbook of which I did not use.  I highly recommend for any that failed  printing out the workbook and reviewing the answers.  Those 400 questions (concepts) are worth your time. 

testtaker123 wrote:

May request a change… I think you probably pay less but are not a full member. if you have no problem paying the full amount and want the full membership then you’re good to go 

Aah okay I see! Thanks a lot for brightening my horizon - no way I am not going for it now :)

Congrats to all that passed and for all that sadly did not make it, I wish you best of luck - keep up working on it, it will come sooner or later!

Passed with Stronger in all but Allocation and Institutional Investors (Higher) and Ethics (Weaker) - thankfully there is not a downward Ethics adjustment. Ethics score surprised me given that I scored >90th percentile on the CFA Level III exam a few months prior.

CAIA Level II Candidate

Passes. One Comparable, two Higher, rest are Stronger. 

Interesting program.

Passed but I do not like the report section in their website starting from “fall”. 

Good luck to all.

rexkicker wrote:

Woo passed!

I did what you said Kudu Kudu and I nearly had a heart attack when I read under exam cycle it said Fall! Can’t they just stick to March and September?

Hahaha! I know the feeling. Happened to me with level I. Yeah, I think they should use March/Sept.

MajorNYC wrote:

where can one see MyExamInfo?  Sorry, as it’s probably obvious but I”m literally forgetting how to navigate the site and can’t find anything about my exam other than when I register it states I can become a member.

Click on the “hi, email@dress” (Top right of the page), then click on exam info.

Also using the word Fall makes no sense when you’re taking the exam in the southern hemisphere!

rexkicker wrote:

Also using the word Fall makes no sense when you’re taking the exam in the southern hemisphere!

Exactly. Other than the fact that we call it autumn over here, it makes me think it’s March/April.

Would be interesting to see how many ppl actually sit for these exams each exam window. would like to see the trend

CAIA Charterholder

I’d bet it’s trending upwards big time with the whole stackable program. 

Anyone has idea of when the physical certificate will be sent out after becoming a full member?

What I’d really be interested in:

1) Whether the CAIA association is likely to take on feedback regarding the way it sets its exams – it needs to stop testing rote memorisation and actually test concepts. Calculations need to be tested a bit more seriously and in more depth. The exam in general needs to be more difficult and concepts tested more thoroughly. The MPS also needs to be higher – this isn’t an artifact of me having passed but accessibility has to be tempered with exclusitivity. 

2) What they find regarding stackables and their performance vs the general CAIA test-taking cohort. 

I agree but I thought the test was difficult. I scored around the top 20 percent and would be surprised if I had 70 percent correct answers. That means the MPS is probably pretty low if over 60 percent passed  

CAIA comes at the material and testing from a more due diligence standpoint.  CFA testing is more analysis and easier for me personally.  I had studied for CAIA thinking it was a ‘CFA like’ test but on Alts.   Not the case….,

I also think CAIA is in a recruitment effort.  They are trying to get more people to have the CAIA designation before making it exclusive.  Thus, going after ‘Stackables’.   Maybe that’s right or maybe that’s wrong. 

Actual certificates will be shipped 1st quarter of 2019.

Fully agree with the MPS being low

CAIA Charterholder

Happy to have passed, studied with Kaplan for Level I and UpperMark for Level II. To anyone who failed, keep your head up and hit the books hard again ASAP. Get your hands on as many practice questions as possible, and make sure to start practicing the constructive response questions early.

Only complaint I would have is that CAIA don’t openly state results release dates. I called them 4 hours before results were released, and they said they didn’t know. It’s very frustrating waiting for the email to appear in your inbox, hopefully they’ll get this sorted for future candidates.

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K84 wrote:

Fully agree with the MPS being low

What a 62% pass rate isn’t high enough for you?

It is high

CAIA Charterholder

MajorNYC wrote:

I agree but I thought the test was difficult. I scored around the top 20 percent and would be surprised if I had 70 percent correct answers. That means the MPS is probably pretty low if over 60 percent passed  

CAIA comes at the material and testing from a more due diligence standpoint.  CFA testing is more analysis and easier for me personally.  I had studied for CAIA thinking it was a ‘CFA like’ test but on Alts.   Not the case….,

I also think CAIA is in a recruitment effort.  They are trying to get more people to have the CAIA designation before making it exclusive.  Thus, going after ‘Stackables’.   Maybe that’s right or maybe that’s wrong. 

Agree.  Now the exam is over, results are released and dues are paid.  I will give my two cents:

1. Too much material overlapping in the readings and some can be confusing and contradicting.

2. Too much memorization vs analysis and application of concepts.

3. Not much real-world application.  I was hoping to learn more mechanics of how to run a global macro fund.

Passed I in March and II in Sept.  Now just waiting for my certificate to hang on the wall.  Agree with above too much qualitative and not enough quantitative.  Probably studied 200 hours with Uppermark, which seemed to be on spot. 

Check Amazon or eBay for used materials. Best of Luck and do not take the exam lightly.