Do you think you passed?

[iamMichael]

@MrSmart

There were several sub-questions on the AM itemsets that left me scratching. And a big subquestion that carried weight I got wrong, even though I skip them in the mocks because of how it easy it is to save time. I forgot to add one variable in the formula for some reason. Which likely won’t even give me partial credit.

Ethics in the PM section was totally brutal. I was left guessing 80% of them. Probably <50% on that. The rest was fine except for 3-4 questions that I had to get back to. Made some mistakes that I now know of upon revision.

Expecting band 9-10 or pass. I’m clearly somewhere on the border.

Dude you passed!

[xsx82]

I am giving myself a 60% fail/40% pass probability. I left 10% of the am section unanswered due to time and the stupid first question. The ones I answered, I feel like I can get 70% on those. I feel that I killed the PM section but you never really know. All it takes is 2 wrong questions per section to move you down a class.

I only read ethics once and that was from the Kaplan material. No matter how hard I study for those questions I always find them to be a toss-up, so I decided to go with the most conservative answer approach. If that works out, I am praying that my pm helps make up for a lackluster AM.

[defacto]

@iamMichael

@MrSmart

There were several sub-questions on the AM itemsets that left me scratching. And a big subquestion that carried weight I got wrong, even though I skip them in the mocks because of how it easy it is to save time. I forgot to add one variable in the formula for some reason. Which likely won’t even give me partial credit.

Ethics in the PM section was totally brutal. I was left guessing 80% of them. Probably <50% on that. The rest was fine except for 3-4 questions that I had to get back to. Made some mistakes that I now know of upon revision.

If Mr Smart did not pass, then I certainly did not pass!

Expecting band 9-10 or pass. I’m clearly somewhere on the border.

Dude you passed!

[pakwarrior]

@rollerbladerlevel3

I thoguht the exam was okay, but i left one entire question blank in the AM session. does thsi mean anything? because wouldnt this mean that my MPS would begin at 95%?

I left 3 complete questions unaswered. i searched the forum snd there is one (zerobeta) or two guy who passed exam missing 3 full questions, there are many who left 2 questions and still passed. It depends how well you score on the answers you wrote and on PM.

[xsx82]

@waleedhussain

@rollerbladerlevel3

I thoguht the exam was okay, but i left one entire question blank in the AM session. does thsi mean anything? because wouldnt this mean that my MPS would begin at 95%?

I left 3 complete questions unaswered. i searched the forum snd there is one (zerobeta) or two guy who passed exam missing 3 full questions, there are many who left 2 questions and still passed. It depends how well you score on the answers you wrote and on PM.

When you say questions, are you referring to entire sectional questions or sub-questions?

[jamespeer]

I didn’t feel bad after exam but worried now that I have made mistakes in AM like writing on wrong boxes, if I fail it’ll be close and hard to take if it was a result of those types of errors which can be easily made in such a time pressured exam

[pakwarrior]

@MrSmart

@Topperharley

@ceteris\_paribus

AM I just stared at that first question for about 3 mins before doing anything, was about to skip it, then just calmed down a bit and got it done (I think). AM was definitely challenging but I think I did well enough (65-75%) combined with my afternoon to get me a pass. The time crunch is real, I’ve never gone down to the wire on an exam like that before.

PM I found very easy, aside from Ethics where I could score anywhere from 10-80%.

I love ranting about Ethics so I think I’ll do it again. So right are you about the 10-80% range, I think we all feel that way. The Ethics questions are SUBJECTIVE. There is not enough information given to make a definitive answer on most of them. Based on unstated assumptions, you could make an argument for more than one answer on nearly every Ethics question.

Ethics, particularly on L3, is an absolute joke and is nothing more than a tool used to lower scores. Ethics, as it is tested upon in L3 is unethical.

While I’m ranting, I also think it’s funny that CFA says that questions ARE NOT designed to trick you. But 95% of all questions have a twist to them designed to trick you into picking one of the decoy answers. I don’t mind the exam being tricky…but they could at least be honest about their intentions.

The one question about the “website” was completely unfair. I had to go back to the book following the exam to figure it out, and it was literally one word that made the answer right or wrong. I can’t believe how deep it was.

I found that question odd too but thought it came from GIPS that I didnt have the time to even touch. Funny thing is I found ethics easy with nearly all C’s as answers. As someone rightly said, its 10-80%. Ethics = No guarantee whatsoever

[MissCleo]

Yeah I think I had 25-26 Cs on my test. Definitely the most common answer for me.

[cfal3letsgo]

@NineNineSix

@cfal3letsgo

felt am was easier than all the mock exams. Finished with 45min or so left, was able to go back and check answers….found one I had simply mislabeled after doing my math right hah. There were a few tricks that I wasn’t positive I did correctly but even with that there weren’t any concepts I didn’t know. The tricks were all on questions with low point values or ones where you can easily get partial credit, so they aren’t too punishing. PM was harder than all the mocks I did. I was getting 85-95% on multiple choice mocks, but I highly doubt I did that we’ll on the exam due to a number of 50/50 questions. I feel people always overreact to tricks. We all take the same exam, we all had a hard time on those tricks. Missing a few tricks is fine, as long as you did well on the rest you should be good. 30% of the exam wasn’t tricks, so getting 70% is doable. Lots of no shows… I don’t think they count against the curve sadly. Wish they showed instead!

Man, don’t know how anyone could finish AM with 45 mins to spare. I usually BLAZE through tests, have never had a time problem in my entire life I don’t think, but I was pressed on the AM here on Level 3 (first time taker).

It was my first time as well. I just read the questions first (on the AM) and know what to look for based on the topic/subject of the vignette. Circle/make a note of the stuff to use in your answers, then its just a copy/paste essentially plus your quick explanation as to why that specific thing is relevant. The AM was incredibly straight forward in that regard. Much easier than PM in my opinion, especially first two item sets on PM…ugh.

[CFAbeatmeup]

@cfal3letsgo

@NineNineSix

@cfal3letsgo

felt am was easier than all the mock exams. Finished with 45min or so left, was able to go back and check answers….found one I had simply mislabeled after doing my math right hah. There were a few tricks that I wasn’t positive I did correctly but even with that there weren’t any concepts I didn’t know. The tricks were all on questions with low point values or ones where you can easily get partial credit, so they aren’t too punishing. PM was harder than all the mocks I did. I was getting 85-95% on multiple choice mocks, but I highly doubt I did that we’ll on the exam due to a number of 50/50 questions. I feel people always overreact to tricks. We all take the same exam, we all had a hard time on those tricks. Missing a few tricks is fine, as long as you did well on the rest you should be good. 30% of the exam wasn’t tricks, so getting 70% is doable. Lots of no shows… I don’t think they count against the curve sadly. Wish they showed instead!

Man, don’t know how anyone could finish AM with 45 mins to spare. I usually BLAZE through tests, have never had a time problem in my entire life I don’t think, but I was pressed on the AM here on Level 3 (first time taker).

It was my first time as well. I just read the questions first (on the AM) and know what to look for based on the topic/subject of the vignette. Circle/make a note of the stuff to use in your answers, then its just a copy/paste essentially plus your quick explanation as to why that specific thing is relevant. The AM was incredibly straight forward in that regard. Much easier than PM in my opinion, especially first two item sets on PM…ugh.

This. I underline any numerical figure, risk ability/willingness-focused statements, liquidity requirement, or time horizon figure. Then I checkmark them as used (or N/A if not applicable). I also do this for ethics, underlying the key points and to distill the question. It really helps, I think. Especially for return calcs and risk statements.

[rjs157]

I took the reciprocal of a few exchange rates to figure some stuff out. anyone else?

[system]

@MissCleo

Yeah I think I had 25-26 Cs on my test. Definitely the most common answer for me.

miss Cleo you still taking level 3 kid?

[pakwarrior]

@xsx82

@waleedhussain

@rollerbladerlevel3

I thoguht the exam was okay, but i left one entire question blank in the AM session. does thsi mean anything? because wouldnt this mean that my MPS would begin at 95%?

I left 3 complete questions unaswered. i searched the forum snd there is one (zerobeta) or two guy who passed exam missing 3 full questions, there are many who left 2 questions and still passed. It depends how well you score on the answers you wrote and on PM.

When you say questions, are you referring to entire sectional questions or sub-questions?

Full entire questions. Search the forum and you can see their matrix.

[lilJamieDimon]

i’m freaking out. these next two months are going to be brutal. #realtalk

[calvinoh]

Im a retaker from last year and I feel that the second time around made me way more efficient than my first attempt even though I thought I was well prepared last year. This years AM was much easier than last years AM in my opinion. Ethics section was way easier than last year on the PM. My PM matrix last year was all topics over 70 except for ethics and I failed band 7. This year I feel like my PM matrix will be all topics over 70 and I think Im getting at least 65 to 80% on the AM. Overall I feel very confident and satisfied… 90% chance of passing this one…

Good luck to everyone!!

[CFAbeatmeup]

@calvinoh

Im a retaker from last year and I feel that the second time around made me way more efficient than my first attempt even though I thought I was well prepared last year. This years AM was much easier than last years AM in my opinion. Ethics section was way easier than last year on the PM. My PM matrix last year was all topics over 70 except for ethics and I failed band 7. This year I feel like my PM matrix will be all topics over 70 and I think Im getting at least 65 to 80% on the AM. Overall I feel very confident and satisfied… 90% chance of passing this one…

Good luck to everyone!!

I bet last-year’s AM result looked like a murder scene then! I’m seeing 2015 results with seven bombed AM questions that still passed b/c they had all 70s (or one non-70) in the PM.

[supercake]

@calvinoh

Im a retaker from last year and I feel that the second time around made me way more efficient than my first attempt even though I thought I was well prepared last year. This years AM was much easier than last years AM in my opinion. Ethics section was way easier than last year on the PM. My PM matrix last year was all topics over 70 except for ethics and I failed band 7. This year I feel like my PM matrix will be all topics over 70 and I think Im getting at least 65 to 80% on the AM. Overall I feel very confident and satisfied… 90% chance of passing this one…

Good luck to everyone!!

can you share your AM experience from last year? Seems incredible that you’d crush PM but err on the AM.

[calvinoh]

I received 8 topics below 50 and 3 in the middle on the AM session but on the PM I scored above 70 in every topic except for ethics below 50 for a band 7 fail in 2015. I honestly didn`t think I did that bad after the exam but I did think it was hard as far as I remember but this time I feel much much better.

[Professor_of_Hamburg]

@supercake

can you share your AM experience from last year? Seems incredible that you’d crush PM but err on the AM.

It’s not incredible. My buddy who took L3 last year left three ENTIRE AM questions blank. He got all >70 in PM. We talked about it and given his matrix, he thinks he probably got like 6/10 6/6 in PM and 4/10 5/6 (which is like a 93% in PM). Anyway, it seems to be a common story for passers in 2015

[MrSmart]

@iamMichael

@MrSmart

There were several sub-questions on the AM itemsets that left me scratching. And a big subquestion that carried weight I got wrong, even though I skip them in the mocks because of how it easy it is to save time. I forgot to add one variable in the formula for some reason. Which likely won’t even give me partial credit.

Ethics in the PM section was totally brutal. I was left guessing 80% of them. Probably <50% on that. The rest was fine except for 3-4 questions that I had to get back to. Made some mistakes that I now know of upon revision.

Expecting band 9-10 or pass. I’m clearly somewhere on the border.

Dude you passed!

Where did you get this confidence from?