Turkish Wrote: ------------------------------------------------------- > Well, I’m screwed this year then. I’ve only been > hitting the “major” topics and almost completely > ignoring what I deem smaller, less relevant > topics. > > Maybe I should adjust my strategy over the next 2 > weeks, before all I do is tests… I have to be very careful about this, too. I have done several q bank exams with pretty good success (most well into the 70’s and above) then last night I did a session 10 exam (The Equity Valuation Process - ADRs, price driven vs order driven, etc). Schweser considers this SS light, easy and “mostly background.” So I brought home a wonderful 29%. I think I read this material once 3 months ago and I haven’t touched it since. If a question on the history of the German Bankers Bourse shows up, I will lose my mind.
Mumu, Which was the section in which you scored less than 50%? Did you get more than 70 in FSA, Equities & Ethics? Caspian, How did you do beside FSA, Equities and Ethics? I know people got screwed in PM but what about Der, FI, Econ and Quant?
“last night I did a session 10 exam (The Equity Valuation Process - ADRs, price driven vs order driven, etc). Schweser considers this SS light, easy and “mostly background.” So I brought home a wonderful 29%.” I just took the same exam dude and Im not sure I broke 50%. Thats a PERFECT example of what Im talking about. What a POS LOS. Yes, I know they can test anything and everything is game, but cmon. “Caspian, How did you do beside FSA, Equities and Ethics? I know people got screwed in PM but what about Der, FI, Econ and Quan” I honestly dont remember. I know I failed quant and Im pretty sure I got 50% in most of the other ones. I might have failed econ though. A BS section I thought that was.
caspian and deep2002 are correct… dont you think it was a bit coincidental that the test had non schweser covered questions on it, just before they made buying of the books mandatory… its another source of revenue generation for the institute… they arent in the business as a charity… i dont like it at all and it made me lose respect for the organization. Arent the perpetual dues enough, aside from the thousands of dollars for registration? anyway we did discuss it here right after the exam… seemed really fishy
I’d love to hang my hat on the CFAI setting up to boost scores theory, or they targeted what Schweser covered too lightly, or they were out to designa a “gotcha” exam; however the fact of the matter is 40 odd percent of people were either better prepared or were able to think more clearly during the exam. It is a fact I humbly accept. It is not easy accepting a failure, and it is even harder to get back on the horse again (or again) and try it, but the truth is the exam is hard for a reason. The charter’s value would be diminished if it was easy to pass. Just remember guys, only 1 out of 5 people who sit for the first exam see the process through to the end and recieve their charter.
cfaboston28 Wrote: ------------------------------------------------------- > Mumu, > > Which was the section in which you scored less > than 50%? Did you get more than 70 in FSA, > Equities & Ethics? > > Caspian, > > How did you do beside FSA, Equities and Ethics? I > know people got screwed in PM but what about Der, > FI, Econ and Quant? cfaboston…hahah…hate to admit it…i got below 50 in Ethics - and I SWEAR…I think that’s why I failed…got 50-70 in FI and PM and >70 in all the heavyweights… just can’t get over it!
yep, if you failed ethics and your were close - its an automatic fail from what I heard.
I bet you’ll get it this year with >90% in ethics 
^^ I sure hope you’re right…
Thanks guys for sharing some of your thoughts, I know it sucks to have to take it again and share the crappy experience, but you guys will go on to L3 for sure. Hey mumukada. How are you going to approach ethics differently this year vs. last?
^you’d be surprised how many people fail level 2 twice and give up. Mind you, Level II is *not* level one for a variety of reasons. It is a much more difficult exam to pass. Not to take, to pass.