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How did so many finish so early?

In the morning session, I finished with only 10 minutes remaining and quickly checked through questions I had flagged. In the afternoon session, I finished with only 15 minutes remaining and did the same.

How is it so many people finished at least 30 minutes early? I learned that there were people showing up at my local CFA chapter’s after party at only 3:30, which means they finished the 3-hour afternoon session less than halfway into it.

The people who finished early must have either known their stuff much better than I did (and could breeze through with certainty) or much worse than I did (had no clue what they were doing and did lots of random guessing).

DiehardValueInvestor
John Train=Papa Smurf
Berkshire Hathaway and Wesco Financial shareholder
Berkshire Hathaway Class A=status symbol

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Yeah I had about the same timing as you Diehard.

And they wouldn’t let us get up to use the bathroom after the 30 minute mark… and then they closed down the bathrooms after the session was over! In the morning I was so full of coffee but I held it for the last hour to make sure I didn’t waste time… then there was a huge line at this one bathroom I almost pissed myself (figuratively and literally)

no, they finished early just because they didn’t know how to do the test :D

anyway, no candidates can get out the exam room before the setting time, even if they finished their exam

the girl who sat beside me, she did something on the morning but in the afternoon, I noticed she didn’t do the test, she simply looked at the questions and sat there until the exam finished

yeah I’ve noticed the same thing .. I finished with 30mins but the guy who sat beside me finished very early .. I think they must have been too exhausted to concentrate so they just wanted to finish anyway

July 28 .. can’t wait

I finished morning with 30 mins to spare and afternoon about an hour earlier. But I did not go out of the exam hall, just kept looking at the dumb paper. I hope that I pass, I dont have any motivation/stamina left to study for level 1 again.

Really enjoyed doing the quant though, my fav section.

wellsee Wrote:
——————————————————-
> Yeah I had about the same timing as you Diehard.
>
>
> And they wouldn’t let us get up to use the
> bathroom after the 30 minute mark… and then they
> closed down the bathrooms after the session was
> over! In the morning I was so full of coffee but
> I held it for the last hour to make sure I didn’t
> waste time… then there was a huge line at this
> one bathroom I almost pissed myself (figuratively
> and literally)

I can’t believe you drank so much coffee. I specifically had to limit how much I drank (just apple juice and water) at breakfast and lunch so that I could make it through the exams without a bathroom break. I also ate homemade light, low fat, low sodium foods. The low sodium part was necessary so that I wouldn’t dehydrate. When I eat high sodium foods, I get a parched feeling, and it’s hard to quench my thirst with any amount of drinking, and I end up having to use the bathroom more often anyway because of the extra fluids. A heavy, fattening breakfast or lunch gives me that slow, sluggish, sleepy feeling.

DiehardValueInvestor
John Train=Papa Smurf
Berkshire Hathaway and Wesco Financial shareholder
Berkshire Hathaway Class A=status symbol

I was finished the exam in the PM 1hr-45min in, found it really qualitative. But I stayed to the end and went through the entire thing an additional 2 more times, caught more mistakes. The PM was way easier, I was shocked. I finished it in 45 minutes. I went over it again twice, but i couldn’t go through it again so I bolted.

I agree with cfacowtown. Test seemed very easy, couldn’t believe how many people thought this was an incredibly hard year.

If I would have had the same questions via Schweser (where you just run through and don’t keep checking work) I think I would have only used the calculator 6-7x, but I checked all the questions even simple add/subtract to make sure I was getting the right answer.

I took more time than I would have liked on the morning session. I only had about 20 minutes left when I finished. I finished the afternoon section in about 2 hours. I went back and corrected 2 questions. I thought the afternoon ethics was a little more tricky.

Morning only took me about an hour and 45 minutes and the afternoon an hour and 35 minutes. I took some time to go back over the questions and changed a few.

I was really bad in time management for the morning session. I finished 15-20 minutes early but had to go through the unchecked ones….at the end had 2 remaining. The pm session was seriously very simple. Finished it 30 min before, then checked it and caught mistakes which I corrected.

Finished with an hour left in both pm and am sections back in December. If you know your stuff you can really fly through the 120 questions.

AM I took two hours and PM I took one hour forty minutes. Checked my work thoroughly and had plenty of time.

They need to cut L1 to 5 hours. 6 is ridiculous.

I worked to the end on the AM test even though it was easier I took my time on each question, just to make sure that i would not have to review again ( I hate review). But my time management could have been better and I did not bring a watch which was a big mistake.

The PM was harder but I finished with 10 min to spare because I had the hang of it the second time around.

Yeah. I finished both sections in around 2 hours. It was really nice to have an extra hour for lunch.

billy22g Wrote:
——————————————————-
> Yeah. I finished both sections in around 2 hours.
> It was really nice to have an extra hour for
> lunch.

Your test center let you leave the AM section once you finished?! At mine we had to wait until time was up and they collected all the exams. Didn’t actually go outside until 12:30

Yeah, as long as you got done more than a half hour early, you could roll out.

billy22g Wrote:
——————————————————-
> Yeah, as long as you got done more than a half
> hour early, you could roll out.

I think this is true anywhere. Once thirty minutes to go hits they lock everything down.

2:30 AM
2:35 PM

AM section was more difficult.

I finished both with about an hour remaining. I used that hour to go back through all of the questions, especially the ones that I had circled along the way that I was unsure about. I was able to get a few of those, which made me happy. Maybe I was able to think more clearly since I had already been through everything once.

Haha, I laughed and enjoyed myself at the LA test center. Such a vast array of wackos. I saw guys wearing crap that glittered or shined. One guy had little beads on his shirt that were reflective. Saw the same 45 blue polo shirts with the red horse. Pretty sure half the people there could only speak limited English. Quite a few fanny packs. Worse than trying to herd chickens trying to get out of there.

And if you were the guy in my section that tried to lecture everyone in the back on different concepts once the test was over…. I hate you. I was bleeding from the hears. Your voice is horrific. Don’t ever laugh again. Worst 20 mins of my life.

I took my time on both tests. Finished with about 45 mins left on both and just went through trying to catch mistakes. I don’t want to get ahead of myself though and jinx myself. I did not feel they were exceptionally hard though. The only question I saw that pissed me off was the Herfindahl-Index. I remember reading it in the book 6-7 months ago, remembering it saying it was pretty much worthless. Never saw a practice question on it in the thousands that I took..

I hope you all had fun too :)

-Raw

(Hello, I never post much on this site but just took L1 for the 2nd time)

I finished both sections with about an hour to spare each. for the AM section I stayed for the extra hour and went over some of my answers, but by the afternoon I was like, f-this, and left half an hour early after thinking through some questions again.

Took the test in Dec for the first time. Thought it was much harder then. But then again, I knew less…har har.

raw Wrote:
——————————————————-
> Haha, I laughed and enjoyed myself at the LA test
> center. Such a vast array of wackos. I saw guys
> wearing crap that glittered or shined. One guy
> had little beads on his shirt that were
> reflective. Saw the same 45 blue polo shirts with
> the red horse. Pretty sure half the people there
> could only speak limited English. Quite a few
> fanny packs. Worse than trying to herd chickens
> trying to get out of there.
>
> And if you were the guy in my section that tried
> to lecture everyone in the back on different
> concepts once the test was over…. I hate you. I
> was bleeding from the hears. Your voice is
> horrific. Don’t ever laugh again. Worst 20 mins
> of my life.
>
> I took my time on both tests. Finished with about
> 45 mins left on both and just went through trying
> to catch mistakes. I don’t want to get ahead of
> myself though and jinx myself. I did not feel
> they were exceptionally hard though. The only
> question I saw that pissed me off was the
> Herfindahl-Index. I remember reading it in the
> book 6-7 months ago, remembering it saying it was
> pretty much worthless. Never saw a practice
> question on it in the thousands that I took..
>
> I hope you all had fun too :)

LOL

AM and PM at my site there were a couple of sections where the proctors were taking forever to count. left the room at 12:30 in the AM - shoot me! For PM the same thing happened but they released one section at a time and luckily mine was first.

Found it ironic that a room full on finance peeps had to wait for people to figure out how to count! We could have done a full statistical analysis in the same amount of time, one with normal distribution - of course.

Finished AM with around 30 mins to spare and PM with about an hour.
Found AM Ethics and Quant, PM CF to be relatively harder than any other section of the entire paper.

In AM, changed 3-4 answers coz of better call of intuition and PM found 2 outright mistakes. Glad that I didnt leave earlier in PM about which I was contemplating big time.
I knew my spouse would scold me if I moved out early for not valuing such valuable time :)

I enjoyed FRA, found it to be much easier than what schweser prepares us for. Hope have got answers right.

Finished AM with around 30 mins to spare and PM with about an hour.
Found AM Ethics and Quant, PM CF to be relatively harder than any other section of the entire paper.

In AM, changed 3-4 answers coz of better call of intuition and PM found 2 outright mistakes. Glad that I didnt leave earlier in PM about which I was contemplating big time.
I knew my spouse would scold me if I moved out early for not valuing such valuable time

I enjoyed FRA, found it to be much easier than what schweser prepares us for. Hope have got answers right.

Was anyone else surprised that the PM section of FSA was all IFRS?

Finished AM in 1 hour 45 mins. PM in a little less than 2 hours. So is it true that CFAI switches the AM and PM exam for some people?

Did anyone notice that there was relatively very low derivative options presence (call, xcise and european rfr etc)? especially the PM section?

I was disappointed there wasn’t a trade discount question. I struggled with that because I never took the time to memorize THAT formula. I did last week and not a question! dang

-Raw

you mean 2/10-45 or such discount? I havent seen any either. Are you saying there was one?

There was a trade discount question on the Mock, but not the real test.

I finished the AM in an hour and 45 minutes, and the PM in an hour and a half. To be honest, I found it pretty simple overall. I did spend an hour on each reviewing and catching mistakes, and I made a few dumb ones.

Lending on the CML INCREASES risk… yeah, good thing I caught that one, haha.

You are what you pretend to be