How did they expect us to complete the exam in 3 hours? They should have given us 30 minutes more in the morning and remove 30 minutes in the afternoon.
I did not even write question 11
when the procter announced there was 1 hour left, I was still on question 4. the frustrating part was that the last questions were the easy ones.
I agree. I basically guessed on the last question because I ran out of time. I lost a lot of respect for CFAI after the morning session. A lot of people probably didn’t see question 11.
It was such a cluster F’K of a way to present the test. It took a lot of time just to figure out what they wanted and where to write the answer.
Yo must have made the same mistake i did and spent an extra 15-20 minutes on the first question. I couldn’t even read it in 12 minutes. Same boat- I was able to read Q11 and I knew that all day, so i lost points by not being able to even write anything.
Also- I didn’t notice Q11 until i was reviewing to see if i missed anything, by then it was too late. I noticed i missed D, E, F, G the first time through one of the questions where i answered C in the template and then just moved on.
Going into it I felt that I was well prepared for the exam, but after Saturday my confidence is low. How was that supposed to be a test of a prepared candidate?
Morning was very tough, afternoon was very easy. So I guess the curve will be based on the AM.
What were the questions in the AM section: Individual Behavorial Institutional Asset Allocation Fixed Income Risk Management Alternative Inv Rebalancing Execution of Portfolio Decisions Global Context That’s a total of 10 questions. Was there anything else I missed ?
Afternoon was a joke. Not that morning wasnt. Afternoon was so friign easy. Plus a few questions straight from L2. I felt like I was taking L2 all over again.
Fixed Income attributiuon
The morning exam completely threw me into a spiral downwards for the rest of the day. Half way through the morning, I noticed I was way behind on time and started racing through the questions and I know for a fact I completely bombed the Commodities and the Swap question at the end of the morning session. Fast forward to the afternoon where for whatever reason, I thought I only had 1 hour left in the exam when in fact I had 2. So I raced through all the questions again only to find out that when I was done, I had an hour left to go. I spend about 15 minutes going back and reviewing but I was the 2nd person in the Toronto location to leave out of 700 people. I really don’t see any way that I passed this exam unless there’s a major curve…
fsa-sucker Wrote: ------------------------------------------------------- > What were the questions in the AM section: > > Individual > Behavorial > Institutional > Asset Allocation > Fixed Income > Risk Management > Alternative Inv > Rebalancing > Execution of Portfolio Decisions > Global Context > > That’s a total of 10 questions. > > Was there anything else I missed ? Commodities
VROD Wrote: ------------------------------------------------------- > Fixed Income attributiuon Why don’t I recall that question ?
Time management on the morning was definitely an issue. For me, on the plus side I was a repeat writer this year and had a time management problem last year as well. To be safe this year, I did question 1 first, then worked the test from the last question back to question 2. I was still pretty rushed for time, but probably didn’t feel as rushed as if I did the questions in order. I think it a physiologicalthing to have 45 minutes left to complete two questions vs. 45 minutes left to complete five or six??? Having said that, overall I still think the morning part of the test is BS. The questions overall are not too difficult by themselves, but being as rushed for time as you are, you have to be reading and writing immediately vs. having a chance to digest the info and formulate a logical response. You also end up prone to not reading all the detail and looking at the questions and scanning the case for answers. I guess what I am saying in a c lumsy way is that if CFAI is training you to manage portfolios or analyze company’s - would they really want you spped writing peoples IPS?
I feel I did pretty bad on 3/4 questions in the AM, but I think PM might help. I am thinking what group of people did well on both AM and PM. There’s got to be a curve. If they dont pass us, who would they pass?
fsa-sucker Wrote: ------------------------------------------------------- > VROD Wrote: > -------------------------------------------------- > ----- > > Fixed Income attributiuon > > Why don’t I recall that question ? I think it was a short one…
the first question (individual) and the fourth question (the pension IPS with questions till g.) took me 1:45 minutes to do. i only had 1:15 minutes for the other 9 questions.
someone please say something about PM. it was easy, right?