I have been doing well on the schweser practice exams but one component that I am consistently scoring 55-65 is ethics (I did well on the mock with 83 on ethics I think). I am just wondering how important ethics is… thanks!
I’m in the same boat. I’m doing well on Schweser Exams (have improved from a 67 to 79 from exams 1 to 4), but I’m getting high 50s to mid 60s on Ethics. If I can get just a couple more ethics questions right, I feel like I’m in much much better shape. I will be rereading the ethics sections from CFAI again in the next day or so, but if I cannot manage to get this up, can I still pass the exam with a 50%-70% in ethics? Schweser says in the Secret Sauce, “You can still pass the exam if you fail some sections, but we DO NOT RECOMMEND failing ethics.” Do they mean anything by this, besides the fact that it is heavily weighted?
as long as your avg is above 70 you should pass…but if your on the verge of passing and fail ethics you WONT pass
Rather than just reading the ethics time and again, try to figure out what the principles are that the ethics questions are getting at. There are a bunch of stupid ethics questions, but most of them are about trying to avoid conflicts that create messed up incentives, mislead people, or corrupt markets. You really can get this stuff with some practice.
haha so a 72 with a failing ethics grade is ok?
the show NY Wrote: ------------------------------------------------------- > haha so a 72 with a failing ethics grade is ok? Yes. a 72 with a 0 on ethics is a pass.
Is there any place (notes, AF post, etc.) where someone has made a listing of all the different ethics rules, perhaps in bullet form or alloweds vs. not alloweds?
I took the test in june and failed it. Ethics however, i got over 70% on. And to be honest, i thought it was the easier section. Joey is right The way i approached every question was really more of a “whats really the right thing to do?” Some questions make it seem like CFA members are violating rules but theyre really not because you got to think about some basic human rights that all people should have. We all have the right to our own opinions. I can say the CFA sucks time and time again because it is an opinion, not a violation. I also think in a “if i was a shareholder, what would i want my advisor/company to do for me?” If you really see the code of ethics and standards as the gold standard in capital markets then you would always want to go above and beyond whats expected of you, and anything less than that is unacceptable (and in many cases, a violation). Good luck!