August exam was apparently at 56%. Kinda hoping it stays the same this time. There a re lot of people who gave it this time and were supposed to give it last June. Let’s see what happens
ok, thanks for the - respectfully - obvious reply. The real issue is though that CFAI provides a mode of preparation that tends to be incompatible with the real deal: If you switch to a computer based format, then give the students also a CBT mock and not a paper based version that includes questions with differening point values.
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I had abandoned this program and been on and off for multiple years. But this is my first time taking the L3.
Before entering the exam room I was feeling pretty low because I only finished about 3 quaters of the online practice and had forgotten almost the contents I read earlier than a few days. The volume was just too much if it’s the first time fly over.
But I felt better when I exited the exam room. Contrarary to many of what you posted, I felt the difficulty level was in line of the text books and the practice online. My biggest problem was managing the time during morning session and I simply did not feel I have enough time to finish all. I need far more time to finish it. In deed I left a few sets totally unattended. My reading speed is little slow and typing speed sucks. I was wondering how many peole were able to finish all questions within the time. I finished afternoon session about 5 minutes before the timer ended. I feel confident my afterrnon session alone could pass but the shorfall on the morning session was hard to make up. I admire those who can finish all questions in the morning session. Even with paper exam format, I doubt I can finish all. With the CBT, I could only speed up marginally.
Some posts mentioned the MPS. But for L3 how could you get an idea of the MPS? It’s not like the L1 and L2 which could be inferred in some way.
For the CBT, I believe it is good good for L1 L2 takers because you only need to find the answer and click. For L3, it cast more difficulty to takers. The morning session took more time to read and type. With paper, one can glance entire contents quickly and tackle the question felt cofortable for him/her.
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Well none of this sounds particularly good so here’s to hoping lady luck is on your side, wishing you all the very best start to 2022!
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It can’t be 56% or even 60%. My May 2021 score was around 62% - 65%, and I failed, however too close to the MPS line. Probably MPS in May was 66-67%. I can’t imagine them lowering it by that much, otherwise, it is very unfair towards May exam takers.
Can’t be that high. Maybe you might wanna reevaluate your scoring. 66-67% is huge. Barely anyone would make it through. You might wanna look at 300hours’ estimate. They’re usually quite accurate
I’ve been re-evaluating my score several times, I will post it here in some time, so you could see.
In the worst case scenario I would score ~61%, and best case scenario ~65%.
Ouchh. I think its the ethics that killed you bud.
Yeah, instead of ethics bumped, I got ethics dumped.
Unfair bc the ethics Qs are so subjective.
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Oh my. That’s scary. One poor section could pull one underwater.
I did find some of the practice questions questionable.
The CFA website says the essay part has 8-11 vigenetts and the multiple choice 44 questions, with the equal number of total points between essay(132 points) and MC(132 points).
If the essay has 12 viginetts, does it mean the 1 whole set or vignett is unscored, since the maximum is 11, indicating no dummy questions on MC?
One of my colleagues told me he had 12 for the last level 3 exam, which seems contradictory to what CFA posted.
Regarding the MPS, I saw in 300 hours that May was at 59%, August at 55%. Considering the posts above, it seems the May was at around 61%, instead of 59%. Given that the November exam was unanimously much harder than May, do you think the November one would be closer to 58% or maybe 55% like august? Not sure what scores to aim for the level 3 exam for the next year.
Can you share your AM and PM breakdown
The only way this score makes sense is if you got a 0 on ethics. And like 67% on the remaining 90% which puts you around a 60%
That’s the highest fail score I’ve even seen and you weren’t even on top of the pass line which indicates you needed another 2 or so percent.
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They didn’t provide such bkreakdown
| Ethics | 0 | 10% | 0.00% |
|---|---|---|---|
| Econ | 67% | 10% | 6.70% |
| Equity | 60% | 10% | 6.00% |
| Fixed | 85% | 20% | 17.00% |
| Deriv. | 60% | 10% | 6.00% |
| Alts. | 67% | 5% | 3.35% |
| PM Behav. | 70% | 20% | 14.00% |
| PM Ass. All | 70% | 15% | 10.50% |
| 100% | 63.55% |
This is impossible, either you’re lying or you need to get this to 300hours stat. if ethics was like 33%:
| Ethics | 33% | 10% | 3.30% |
|---|---|---|---|
| Econ | 67% | 10% | 6.70% |
| Equity | 60% | 10% | 6.00% |
| Fixed | 85% | 20% | 17.00% |
| Deriv. | 60% | 10% | 6.00% |
| Alts. | 67% | 5% | 3.35% |
| PM Behav. | 70% | 20% | 14.00% |
| PM Ass. All | 70% | 15% | 10.50% |
| 100% | 66.85% |
And again you weren’t that close to the line which puts the pass at ~69%