Not sure how to post picture, but below is the result of one of the ppl I know. I believe for those who passed, NOBODY is worse than him !!! Alt Inv - C Cor Finance - C Deriv - C Eco - A Equity - C Ethics - B FRA - A Fixed Income - B Portfolio - C Quans - B
Hey y’all, Level II : Pass. It is a great feeling. I am glad that i got past Level 2 hump in first attempt. Good luck to retakers. Hari
Level 2: Pass - Alternative Investments 18 - - * - Corporate Finance 36 * - - - Derivatives 36 * - - - Economics 18 * - - - Equity Investments 72 - - * - Ethical & Professional Standards 36 - - * - Financial Reporting & Analysis 72 - - * - Fixed Income Investments 36 - - * - Portfolio Management 18 * - - - Quantitative Methods 18 * - -
Passed…unbelievable… Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - * - - Corporate Finance 36 - * - - Derivatives 36 - * - - Economics 18 - * - - Equity Investments 72 - * - - Ethical & Professional Standards 36 - * - - Financial Reporting & Analysis 72 - - * - Fixed Income Investments 36 - - * - Portfolio Management 18 * - - - Quantitative Methods 18 - - *
Passed. All >70% except Econ at 50-70. Feels good. Now to use it to find a better job.
Passed in my second attempt. Finally I got the result that I deserved… Dedicated my life and without realizing, I fell in love with CFA curriculum…
-> Auro how much did u score? i hope all >70% is it?
Pass! By the skin of my teeth but I’ll take it. Blew FRA, Equity, Fixed Income and Ethics out of the park.
Congrats all who passed and don’t sweat it those who didn’t. You’ll just know it better for next year. Ask ChuckRox8.
passed: Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 * - - - Corporate Finance 36 - * - - Derivatives 36 * - - - Economics 18 - - * - Equity Investments 72 - - * - Ethical & Professional Standards 36 - * - - Financial Reporting & Analysis 72 - - * - Fixed Income Investments 36 - * - - Portfolio Management 18 - - * - Quantitative Methods 18 * - -
kathywu…hooo!
I passed but it was probably very close. Here’s the breakdown: -Alternative Investments18–* -Corporate Finance36-*- -Derivatives36–* -Economics18*-- -Equity Investments72-*- -Ethical & Professional Standards36-*- -Financial Reporting & Analysis72-*- -Fixed Income Investments36-*- -Portfolio Management18–* -Quantitative Methods18*-- This was my first time taking the exam. I took Level 1 in December of 2010. Needless to say, it was a gruelling year.
First time poster but want to say a big thanks to this Forum. Have used it for both LI in Dec last year as well as fro LII this year. Very happy to pass both on the first go. My breakdown for LII is below. Originally I thought I had only just scraped through with a Pass given these results were worse then my LI. However, looking through how other people have gone I realise that perhaps I wasn’t as close to the cutoff as I may have thought which is certainly a nice feeling. But regardless just thrilled with the Pass! Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - - * - Corporate Finance 36 - * - - Derivatives 36 * - - - Economics 18 - * - - Equity Investments 72 - - * - Ethical & Professional Standards 36 - - * - Financial Reporting & Analysis 72 - * - - Fixed Income Investments 36 - * - - Portfolio Management 18 - - * - Quantitative Methods 18 - - * I do plan to do LIII next year…
Level II - Failed Band 8. Can someone explain what this means? I have searched this site for a while and cannot get a straightforward answer.
SFCandidate Wrote: ------------------------------------------------------- > Level II - Failed Band 8. Can someone explain > what this means? I have searched this site for a > while and cannot get a straightforward answer. Band 7 < Band 8 < Band 9/10 << PASS!
What I am asking is what does Band 8 mean? Was I five questions from passing? 10 questions? 15 questions?
I’m pretty sure there is an explanation on your results sheet down the bottom. It’s fairly straightforward though. They take the entire group of failing candidates and split this group into 10 equally sized groups (i.e. same number of candidates in each group). Band 1 contains the worst scoring 10% of failed candidates and band 10 contains the best scoring 10% of failed candidates. No one knows the actual distribution so one can only speculate on how many questions you were away from passing. The thing to take away from a band 8 is that between 20% and 30% of the failed candidates did better than you. Conversely, you did better than 70 - 80% of failing candidates. Also, I think I read somewhere that candidates that don’t show up, or leave half way through are not counted in these official stats. Like when they say 44% passed the exam, it’s 44% of the people that turned up and finished the exam. Also, the fail bands do not include those people that don’t show up or that don’t complete the exam.
@SFCandidate I’ve put a spreadsheet together with all pass and fail results I could find on AF, and while any spreadsheet without definitive results will always be a guesstimate, my read on things is that the MPS this year was somewhere between 62% and 64%. On average (assuming an average score in each area range) band 8 failers scored about 58% so my read would be that you are talking between 4% and 6% below the MPS or about 5 to 8 questions. Hope this provides some guide, for what it’s worth?
Let me pull up this thread for 2012 LII test takers. I found 2011 scores very encouraging. Below are some remarkable results from those who passed in 2011:
Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - - * - Corporate Finance 36 * - - - Derivatives 36 - * - - Economics 18 * - - - Equity Investments 72 - * - - Ethical & Professional Standards 36 - - * - Financial Reporting & Analysis 72 - - * - Fixed Income Investments 36 * - - - Portfolio Management 18 * - - - Quantitative Methods 18 * - - - Alternative Investments 18 - - * - Corporate Finance 36 * - - - Derivatives 36 - * - - Economics 18 * - - - Equity Investments 72 - * - - Ethical & Professional Standards 36 - - * - Financial Reporting & Analysis 72 - * - - Fixed Income Investments 36 - * - - Portfolio Management 18 - * - - Quantitative Methods 18 - * - - Alternative Investments 18 - - * - Corporate Finance 36 - - * - Derivatives 36 - * - - Economics 18 - - * - Equity Investments 72 - * - - Ethical & Professional Standards 36 * - - - Financial Reporting & Analysis 72 - - * - Fixed Income Investments 36 - - * - Portfolio Management 18 * - - - Quantitative Methods 18 * - - - Alternative Investments 18 - * - - Corporate Finance 36 * - - - Derivatives 36 - - * - Economics 18 - * - - Equity Investments 72 - * - - Ethical & Professional Standards 36 - - * - Financial Reporting & Analysis 72 - * - - Fixed Income Investments 36 * - - - Portfolio Management 18 * - - - Quantitative Methods 18 * - - -Alternative Investments18–* -Corporate Finance36-*- -Derivatives36–* -Economics18*– -Equity Investments72-*- -Ethical & Professional Standards36-*- -Financial Reporting & Analysis72-*- -Fixed Income Investments36-*- -Portfolio Management18–* -Quantitative Methods18*–
I just want to make a point for those freaking out over confusing/tricky questions on last week’s exam (including myself): you don’t need to get a 100% or even 70% score to pass this exam. You almost certainly can give 40 wrongs answers and still pass. I was freaking out over ~10 or so questions. When I read some of Miss Cleo’s messages, I started doubting another 3 or 4. l can get a great score even if I got all of them wrong. Even if I also got another 15 questions wrong, it should still be a solid pass (>75%). No reason to freak out. Enjoy your summer.
Nice one. I also passed with ridiculous marks:
Big 3 (equities; financial reporting; ethics) all 50-70%.
And 2 sections worth 36 under 50% (deriv; FI)
Only did well for the topics worth the least :S
Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - - * - Corporate Finance 36 - - * - Derivatives 36 * - - - Economics 18 - - * - Equity Investments 72 - * - - Ethical & Professional Standards 36 - * - - Financial Reporting & Analysis 72 - * - - Fixed Income Investments 36 * - - - Portfolio Management 18 - - * - Quantitative Methods 18 - * -