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POST EXAM: How do you think you did on am and pm?

I thought a.m. was more difficult than I anticipated, but felt pm was easier than anticipated. Hopefully I didn’t miss a bunch of curve balls!

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I left like 20 points worth of questions blank on AM because I didn’t finish. So I think I failed band 10. 

I agree the multiple choice was tame. But that could mean we fell for tricks. I’m predicting a band 10 because I think I did 45/60 on the MC and 90/180 on the essay. 

Felt really good about am. Didn’t know a 5 point question so just filled in some stuff hoping for 1 point  but otherwise felt good or ok about everything else and finished with around 10 minutes to spare. 

I actually thought pm was quite difficult. Scores 73/78 on cfai mocks and almost certainly did worse on this. Thinking 67-70 something like that but definitely with risk to the downside. 

AM  roofied me and proceeded to plow me behind the dumpster. PM wrapped a blanket around me and told me everything was going to be ok. 

1st page

Afternoon was a vacation to Normandy. Finished an hour early and took a nap.

Morning was Normandy in June 1943.

Even though most of the questions were straightforward, who else felt a major time crunch around halfway through the AM?

I thought morning wasn’t too bad besides 3-4 sub parts kinda guessed/ made **** up to hopefully get a point . Afternoon was tougher for me probably 38/60.

2 people in Boston got a violation before test even started for being in bathroom too long and it was holding up the whole room classic 

I actually felt pretty good about the AM.  I was writing basically the entire 3 hours which I expected from the mocks.  I remember thinking a few questions were non-standard compared to the last 6 years of AMs but were still reasonable to figure out (although I suppose we’ll find out on results day if I actually did).  I remember leaving parts of 3 sub questions blank (well 2 blank and 1 with a single comment that I knew was wrong), but at the end I had like 3 minutes to go back and fill something in.  I kinda had to use “gut feelings” on them which wasn’t ideal, but then again a blank gets 0 regardless so I couldn’t have hurt myself by doing so.

The PM half felt harder than I expected.  Ethics always feels like a crapshoot and after Level 2 I learned not to rely on it.  The non-Ethics questions weren’t too terrible, and I felt like I was sure on most of them.

All in, it felt like a pass, but with these exams you never really know for sure.  But I feel I did my best and I feel like I knew a lot of answers on the exam, and that’s really all I can hope for.

Now the wait begins….

wlfgngpck wrote:

  I remember leaving parts of 3 sub questions blank (well 2 blank and 1 with a single comment that I knew was wrong), but at the end I had like 3 minutes to go back and fill something in.  I kinda had to use “gut feelings” on them which wasn’t ideal, but then again a blank gets 0 regardless so I couldn’t have hurt myself by doing so.

I think we all did something like that. Blank gets zero so scribble something and get a point maybe. The insane breadth of the AM…i feel like you had to.

valjean24601 wrote:

wlfgngpck wrote:

  I remember leaving parts of 3 sub questions blank (well 2 blank and 1 with a single comment that I knew was wrong), but at the end I had like 3 minutes to go back and fill something in.  I kinda had to use “gut feelings” on them which wasn’t ideal, but then again a blank gets 0 regardless so I couldn’t have hurt myself by doing so.

I think we all did something like that. Blank gets zero so scribble something and get a point maybe. The insane breadth of the AM…i feel like you had to.

Yeah.  I just hope all this was enough. :(

Like everyone else, wrote for 3 hours straight in the AM. Was writing really fast from the get go, I think that’s what saved me. 1st 5 questions were ok then it went downhill. Left a 8 mark and 5 mark sub question blank. I mean, you gotta know when to let go. Even if I spent the entire AM on those questions I wouldn’t know what to do, so just take the hit and concentrate on other areas where you have hope.

PM was fine. Overall, tough but fair. I was feeling quite calm, hopefully it’s a pass but it depends on how good everyone does too.

My test centre was in Hong Kong. This girl beside me brought a small bottle of flower oil with her and sniffed out of it before the start of the AM exam. Is that allowed?

lol sniffing glue before the cfa

Maybe she considers it a required medicine? Otherwise, I would think it’s not allowed.

Danjok1313 wrote:

2 people in Boston got a violation before test even started for being in bathroom too long and it was holding up the whole room classic 

Wow, seriously?!  Crappy way to pick up a violation.  In Philly, in the morning the proctor asked the attendants to clear the bathrooms and what does one lame brain do?  He gets up and starts heading to the bathroom!  The proctor sees this and literally calls the guy out over the loudspeaker and tells him to go back to his seat.  Looked like he might have come from one of the level 1 sections…

my revision wasnt solid like for L2. for L2 i had a fail proof solid revision. i knew id kill it.

L3. i was already walking in knowing i have holes in my review. i.e. i skipped many sections but made sure i had enough practice on others. So 2 things happened. 

The ones that i skipped. showed up for sure. and they showed up in their simple form. i.e. plug n chug form almost but i struggled because i flippin skipped them lol

the other ones that i didnt skip during review showed up in their extreme “variant” forms. i.e. yes i know what it is but ive never seen a variation of this sort in the book nor the past papers. 

that overall effect would sink me. and im ok with it. atleast had i not skipped areas, id have a very decent chance otherwise.

PM: i thought it was alot trickier than normal. i felt i guessed on quite a few. i.e. some portions of asset allocation and institutional lol.

overall i enjoyed the process. im down to re-do it again. it was a good challenge. def not rocket science but i think a decent preparation should do it. Also i write in Ottawa. literally there were about 300 kids in the hall. only 30ish were L3 and the rest were all L1 n L2. 

many empty seats in L3 section too.

It was way easier than i expected. finished morning paper with time to go back over the 12 marks i had skipped. still didnt know the answer so i just put my best guess n hoped for partial marks

PM paper felt easier than the ones i did for practice but u never really know. 

im hoping all my practice is why i felt the paper was better than i had anticipated. failed for the first time last year on level 3 n really put in a whole lot more work to ensure this is the last of this hellish programme

I thought overall the test wasn’t so bad.  If I had to guess, I got maybe in the 67-70 range or thereabouts for total aggregate so hope that should be enough.

Spent most of the 3 hrs on the AM which was to be expected as I was writing slow so as to increase the legibility.  Were a part of two different questions I didn’t know/remember so I took my best shot but overall I got something down for everything. 

PM wasn’t so bad, were like 4 or 5 questions that wasn’t sure about.  Finished about 45 mins early and just went back through which was good because I realized I misread one of the questions so was the only answer I changed.

Margin_Call wrote:

Also i write in Ottawa. literally there were about 300 kids in the hall. only 30ish were L3 and the rest were all L1 n L2. 

many empty seats in L3 section too.

Wow that’s not a lot of folks.  In Philly there were 22 sections total with 4 of them being for Lv3.  Each section had a max seating of 64 people but I know in Lv1 and Lv2 there were more than just a few empty seats.  If I had to guess, there were about 1000-1200 people total in there. 

For just lv3, most of the sections were filled, with only a few seats empty in each so I would say about 225-230 Lv3 takers.  Interestingly in my section when I was checking back in for the PM, I noticed on the attendance sheet that one person didn’t show up.  Wondering how many lv3 folks did that..

I had a similar feeling too. 1st 5 question are ok, but then was getting harder and trickier. I also left an 8 mark and 5 mark sub question. So, I think the AM section is harder than expected. 

PM was easy, except ethnics, which I feel very uncomfortable and not comparable to our practices / mock. Other than than, question are relatively easy than I thought. 

Hopefully PM section can make up for AM. 

I think flower oil not allow, unless it’s classified as medicine. 

I felt pretty ok after AM; didn’t know a couple things but didn’t leave them blank either. The PM completely threw me off! It was SOOO full of tricks from the beginning to the end! I eneded up guessing about 6-8 questions easily out of 60. Don’t feel too great after PM. 

yea PM was tricky af

As a cautionary tale for future L3 takers but also to vent a little.

I come from a finance/econ background and am generally a quick study / have had a track record of exam success with little studying. I passed L1 with maybe a month of studying, and L2 with a month and a half. Besides Ethics and Behavioral, this year I probably put in closer to 2 months, so I felt like I had a shot going into the exam. I was aware this wasn’t ideal especially for this test due to the essay nature but I had a lot of constraints on my time this year, and I figured it was worth attempting rather than not, as I had already registered for the test and paid for it.

AM was absolutely brutal for me. Whereas I think I got by in L2 by everything being in multiple choice, having to actually write essays for things is a whole different animal and I lost a lot of time on questions that had new twists to how they have been asked in past years. Long story short, while there are one or two questions I think I crushed and I wrote something for everything, I would be shocked if i was able to get above a 50% on the AM. I came back to my room for a bit during lunch to eat and study, but I was just really feeling gutted and I was almost not wanting to return for the PM, but obviously you can’t not, so I went back to take the PM. I fare better with multiple choice and while it was tricky, maybe I’m deluding myself but I’m thinking that I definitely had a shot at getting above 70% on the PM. 

I’m just feeling gutted because unless you literally start in September and make sure you understand every one of those 2300 pages of curriculum, backwards and forwards, its entirely possible to study 300 hours for that exam and fail 10 different ways If I fail, the next time I take it, I’ll definitely be starting in September and proud of it.

On the upside though, after the AM exam I was feeling pretty inconsolable, and now, after the PM, I feel like there’s a tiny tiny shot I passed the test. Who knows. I’m not proud of how I ended up approaching the study pattern, but just a big lesson that procrastination doesn’t pay! What’s frustrating is that if you actually spend the time with some of these concepts, they go from feeling like hieroglyphics to pretty logical. but if you don’t put in that time, it’s like you’re two skew lines in the universe never even on the same plane lol.

If anyone has any advice for how to feel not gutted right now, I’d love some!

Thanks.

I thought it was extremely fair the questions they asked.  But I did feel like it was a new team writing the exam.  The way the questions were asked seemed really different than past exams.  Also…ethics sucked like usual omg O.O.  

I'll get knocked down but I'll come right back up.

Like most, I found AM the harder of the two.  I felt I barely had time to think in order to complete the paper which I know resulted in me making silly mistakes.  And as has been mentioned before, the questions were asked in different way to previous papers so I couldn’t feel that confident about my answers.  CFA is very inventive when it comes to testing us :)

PM felt very nice after the difficulty of AM.  But I hope I didn’t miss any trick questions! And I guess something only feels easy if you know the answer.  I seriously thought ethics was the most difficult section.  Some very obscure questions I thought.

I thought the PM outside of the ethics was really straightforward and hopefully enough to push me over. Thought it was way easier than the mocks but I probably got a little lucky guessing in mocks (80%).

Obviously knew about the time crunch on AM from practicing and finished, but what you can’t prepare for is just the stress that you get in AM that you don’t have when practicing. 

Practice AM I would walk away and feel like “I killed it” and results showed that. Real AM I walked away knowing there were some clear mistakes that I made in there and didn’t get that same “killed it” feeling. Hopefully I held my ground though. 

Don't forget to carry the one.

The AM portion felt much easier for me. The questions were asked and had small twist to them but I was able to get an answer I felt ok about on most of the questions. I think I left 8-12 points blank and desperately wrote things down for another 5-8 points. 

The PM felt really difficult. At the end of my studying my MCQ scores were mid to high 70’s. I thought the PM would be my fall back so I was feeling great during the break and then was humbled by the PM questions. I’m realizing I’m 30 questions in and I haven’t felt comfortable with a lot of my answers. Some I knew for sure and many just had these twists that I could not completely figure out. I’ve also read about how people thought they did so well in AM and it didn’t turn out that way, so I’m 50/50 on if I passed or not. I could have felt like PM was much harder because I was just tired and wasn’t breezing through or maybe I really was messing up and just tanked PM. Only time will tell… definitely nervous.

Lol

The_BigGuy wrote:

AM  roofied me and proceeded to plow me behind the dumpster. PM wrapped a blanket around me and told me everything was going to be ok. 

new meaning to waiting for test results 

AM was OK for me, it was relatively easier than the mocks I have taken. I finished with 10 minutes left. I lost 6 points on a sub question.

The PM portion was tricky and there were a lot of traps. I could finish with 45m left because the PM was less calculation but I felt less confident. I have 3 wrong answers and made educated guess on 3-4 questions.

My feats:
12/Make the 1000th comment in the longest AF thread ever
https://www.analystforum.com/comment/91782543#comment-91782543
2/ Earn the CFA charter in 2018 https://www.analystforum.com/comment/91838098#comment-91838098

I was tossing and turning way too long the night before the exam before finally falling asleep at around 02.30 am. The distinctive and glaring sound of car horns kept me awake and ensured a nice build-up to my greatest adrenalin rush to date. I took the test in Zurich, Switzerland and the night before the game Switzerland played Serbia. A late goal by the Swiss sparked wild celebrations across Switzerland that lasted well into early morning hours. Thankfully, I still managed to sleep around 4 hours. Not an awful lot of sleep, but still enough I hope!

I did not have the impression that my lack of sleep impeded my performance in any way. Rather, it took longer than usual in the PM session to answer some questions. Still finished with 15 minutes to spare though. Just hope that I did not make too many silly errors that wouldn’t have happened otherwise.

I struggled with the first question in the AM section and definitely took time to get in gear. I was very focused on not spending/wasting too much time on any question, so I quickly moved on. I am pleased that I seem to have managed my time well, because I finished 5 minutes ahead of schedule and used my tailwind to re-address a sub-section of the first question. Time-management wise the AM exam went well for me. By no means was it a perfect paper and it’s very difficult to say whether I did well or not on it. Surely, I will have done some silly mistakes. But if the target is to limit your damage in your morning, I would say I am cautiously optimistic.

Concerning the PM section, I must say that I found it to be a difficult and tricky paper to be honest. Certainly, did not feel like a pleasant >70% paper to me, more like a 65%-70 % one. It was not a bad session, but definitely not a spectacular one. I found the PM session tricky and difficult! Hopefully, some of my educated guessed will have turned right and the CFA gods will be on my side.

Anything is possible, I will know more in two months.

AM: Quite doable, but was really time constraint. I kept writing down the minutes per question to manage time carefully, and ended up with about 5 min spare time after answering all questions. I did a ton of mocks and always had 30 min or so spare time, but the exam itself just feels way more stressful. Plus questions felt different from previous years.

PM: Gave me a boost in confidence after the AM. Fair questions and had about an hour spare time to go over the tricky questions. Found some questions quite ambiguous, i.e. you know one is incorect and then have to guestimate 50/50 which one’s correct.

Moonborne wrote:

PM: Gave me a boost in confidence after the AM. Fair questions and had about an hour spare time to go over the tricky questions. Found some questions quite ambiguous, i.e. you know one is incorect and then have to guestimate 50/50 which one’s correct.

My thoughts exactly. You’d be quite confident in your answer first, but then keep looking at a piece information pondering whether it changes everything.