just spitballing, NOT what I actually did, but provided you had the same form as someone in a far off time zone, this is plausible. or else, you could write it on paper and hide it in a stall godfather style. in fact, the bathrooms at the meadowlands were monitored, but because there were so many people, there was a small hallway with porta johns that weren’t monitored at all.
CFAI, let me reiterate, I DIDN’T DO THIS!
First stab at level II, Agree with what many are saying. I felt a lot more confident about AM than I did PM. Hoping they average out to a pass, but also wouldn’t be surprised with a band 8-10. I had a solid grasp of quant, fra, equity, fi, and corp fin, but ethics, derivs, alt, and pm were trickier for me. If I fail I feel like I have a strong base to build off of for next year though! Now I just have to get my dang mind off of it for while.
A friend that failed band 2 last year said this year is so easy, dammnn!!! will MPS be above 80%?!?
any retaker is not a relevant sample, on average they should be more prepared than the average candidate. I barely scraped through level 1, but if i sat for it today, it would be “so easy”. This wouldnt have anything to do with the test difficulty. everyone needs to relax about the MPS being ungodly high.
Going to call shenanigans on your quoting the “Chinese forums” because there are no Chinese forums with the actual test questions/answers.
Gosh, looks like the probability of my failing will be very high. Im a first time taker for L2.
I didnt find the exam particularly difficult but I did feel I didnt have enough time, AM calculations were not as brutal for me, PM calculations - I simply ran out of time for 8-10 questions and with three mins left, simply ramdonly filled in answers. I think the problem was a lack of practice for me and you guys are amazing, there are so much more formulae and calculations to remember in L2 than L1 but i already knew that going into the exam, I felt a little overwhelmed by the sheer volume of material and how everything was not quite sticking. Took a long time for me to recall and apply the formula for calcuations. And in some cases, I just could not recall it although I knew I had already gone through the material.
Ah well, at least I think i know where i went wrong, if i have to repeat next year, I will spend more time practicing questions so that hopefully the material sticks. No excuses this time for me since, so many of the forum-ers are saying it was an easy paper. I just have to put in more effort.
I believe most people who said the exam was easy are retakers, because the previous exams was so brutal, especially last year one that there is a perception in retakers that this year exam is very easy (but in fact it is relatively easy compared to other years but not easy if compared to other tests or third party provider mocks).
I walked out of the exam unsure that I would pass … after going through this thread since Monday morning (my local time) I was getting more and more sure that i failed … I am getting so nervous that I am literally losing sleep over it … A pass or a fail doesnt mean much for my career at this point of time … But honestly there is a significant amount of ego attached to it now
So i just skimmed through this thread to see was exactly is it implying.
I browsed through each and every of its 180+ posts and found 88 unique posters
If i take the numbers from 2012 and assume that they dont change much
The 2012 numbers are
Total Test takers - 45247
Those passed - 19194
Those failed - 26053
Pass Rate - 42.42%
Now if one makes a simplistic assumption that all of these 88 posters pass (100% pass-rate for this set of test takers) … and the number of test takers and overall pass rate remains the same … the pass-rate for the remainder of the population would be
Total Test takers (ex the ones who posted on this thread) - 45247 - 88 = 45159
Those passed (ex the ones who posted on this thread) - 19194 - 88 = 19106
Those failed (ex the ones who posted on this thread) - 26053 - 0 = 26053
Pass Rate for the remainder of the population - 42.31%
This is the Pass rate applicable for all those who didnt say that the exam was very easy on this thread.
Also I would like to clarify a few things
The 0.11% difference in pass rate for the remainder of the universe clearly points out that the sample size is really small compared to the population … and all those predicting a very large difference in the MPS based on the feedback of AF community should keep that in mind
I did this exercise just to calm myself down … sharing it with the community so that if can help others who are feeling the same as me … I am still very unsure about my chances of passing and i know that such exercises dont mean much (and i dont want a Level 3 candidate / charterholder to tell me that)
Just out of curiosity, is it actually possible for someone to get a band 1 or band 11? What would the percentages be? I’m assuming less than 10% correct for band 1.
Regarding the formula in Derv everyone is talking about, we do not need to know the formula to be able to do it. What we need to know is the inputs of the formula, which, somehow, is indeed in the LOS.
That said, I made a wild guess on this one, thanks Schweser.
ohh okk, I sent CFA feedback about this, maybe I shouldn’t have.
hmm
trogulj, I’m talking about the formula no one bothers memorizing, so it’s not what you’re referring to 
As far as I remembered, question one in that item set doesn’t require to use that formula to compute. In fact, there are 2 approaches involved in that items set 
hrmm
I don’t understand either (or, maybe I missed something @@).
At first, I was also pissed off when thinking the question required us use that formula to compute. But when re-reading the vignette, there are 2 approaches and the question asked us to use the easier and common one to calculate.
However, the next two questions require us understand the inputs as well as component of that formula to derive the answers.
Because people were given a 2nd term they had never seen before and somehow assumed we needed it. We did not (fingers crossed)
Removed
I would pay so much money to CFAI if I could review the test. LOL
It really is in the vignette, not in the exhibit.
Anw, chill out guys! It’s all over. We can’t do anything but praying now 