Hey everyone. I have just realized I did not answer the “justify why the other choices are not correct” in the respective row but rather wrote on each row sequentially, from the top. I clearly identified in the text the strategy/argument I was discussing in that specific box, even though I did not pay attention to the row I was on. Do you think this might be a problem?
My ethics scores in the exam have been higher in the years when I did fewer practice questions – I had a Band 10 at Level 2 with >70 in ethics (and doing a small number practice questions to prepare), then passed Level 2 with <=50 in ethics after doing lots of practice questions.
I only did the ethics questions in the Topic Tests and the pm mock for Level 3. Didn’t feel like the ethics part of the pm exam went badly this year. Time will tell.
Ethics will certainly be one of my downfalls.
ethics this year was easy compared to last year`s omg much easier
I am correcting you! You are going to pass. You are smart, it says in your name.
I really want to be optimistic, but I honestly don’t, not out of habit, but I’m being realistic.
I’m somewhere in the 60s. I won’t be surpised if it goes either way, holding my breath that I won’t have to be here in a couple of months.
Re: guys doing 100s/1000s of ethics questions and still not feeling like it was enough or that they feel confident in that portion.
Whether this makes sense to everyone, I don’t know, but this is the reason I have spent about a total of 2 days across ALL 3 levels (literally the only review of ethics I touched for L3 was between the 2 exams last Saturday) on Ethics. It’s by FAR the worst bang for your buck in terms of results on exam and studying the material. My strategy is essentially to just know the standards and substandards, but allocate all my time on the other 90% of the topic weights, and hopefully get around 40-50% in ethics. That’s a total of 5% off my total mark. Instead of spending days and days trying to get that up to say 7% out of 10% for Ethics (70%) I’ll take the 2 or 3 % total hit on my exam, and spend those days mastering the heavier weighted topics. More ROI in all other areas.
It’s worked so far, we’ll see if it can work the 3rd time.
unless you believe in the ethics uplift, which supposedly might be worth a lot more than just the 10% that you are accounting for.
Thank you danv0330
honestly how do you know you are in the 60s? and how do you know that the mps will be in the 60s?
my point is that the exam creators went to great lengths to find x amount of questions that tested the most obscure concepts from that topic…
That was not the only topic with obscure concepts. I passed Level II the first time but felt exactly the same way about that test. I came home from Level III Saturday and looked up a few concepts in the curriculum only to discover that, in a few instances, it was mentioned in 3 or 4 words. Total. Out of 2,800 pages
A guess based on my performance.
MPS is almost always in the 60s, unless the exam was piss hard.
I had one comment about a question in the morning exam, whereby a couple requires a certain amount towards the end in few years and has an investment maturing in that time too. It said they will require this certain amount ‘including’ the proceeds from other certain investment. This was pretty vague and confusing in my opinion. This gave a dual impression of what the actual monitory goal was–proceeds to suppliment the monitory goal or they were part of the goal in addition. I don’t know if anyone else faced the same issue. If someone had any comments or beleives there was an error should report it to the institiue under exam feedback by logging into their account . This might be helpful.
samesies
I totally agree with you on this.
Don’t know if you consider this a killer PM score, but this is what I did last year
Essay
Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Institutional 14 * - - 2 Portfolio Management - Institutional 17 * - - 3 Fixed Income Investments 19 * - - 4 Alternative Investments 20 - * - 5 Portfolio Management - Performance Eval. 15 * - - 6 Portfolio Management - Risk Management 14 * - - 7 Portfolio Management - Individual 18 * - - 8 Portfolio Management - Individual 16 - * - 9 Portfolio Management - Asset Allocation 15 * - - 10 Economics 14 * - - 11 Portfolio Management - Indiv/Behavioral 18 * - -
Item Set
Q# Topic Max Pts <=50% 51%-70% >70% - Economics 18 - - * - Equity Investments 18 - * - - Ethical & Professional Standards 36 - * - - Fixed Income Investments 18 - - * - Portfolio Management 18 - * - - Portfolio Management - Individual 18 - - * - Portfolio Management - Monitor&Rebalance 18 - - * - Portfolio Management - Risk Management 36 - - *
We have divided the group of candidates who did not pass into 10 approximately equal score bands. Your score band below shows how your overall score on the exam compares with the overall scores of candidates who did not pass this exam. For example, a score band of 1 indicates performance in the bottom 10%, a score band of 10 indicates performance in the top 10%. Your score band: 6
^ thats just a horrible AM - no offense. Im sure you did better this year
I feel like guessing if you passed should only be for people on the bubble… I went through enough mocks and practice exams to know what a 70% looks like, so I know I am close… some people clearly “know” they passed if they were scoring 80% plus on mocks and walked out of the exam feeling it was very familiary… on the other hand, if you were guessing on every other question praying for a pass may be uselss
^^^ I would love to score this well in the PM section!
Are people surprised when they score that many <50%? I wonder, in all honesty, how many people who score that low left the exam feeling like they had a shot?