Congratulations, Lamina!
does that mean You are welcome/My pleasure/Anytime?
Essay
Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 20 - * - 2 Portfolio Management - Individual 19 * - - 3 Equity Investments 17 - * - 4 Economics 15 * - - 5 Portfolio Management - Institutional 16 * - - 6 Portfolio Management - Institutional 16 - * - 7 Fixed Income Investments 11 - * - 8 Portfolio Management - Asset Allocation 15 * - - 9 Portfolio Management - Risk Management 15 - * - 10 Portfolio Management - Monitor&Rebalance 19 - - * 11 Portfolio Management - Individual 17 - - *
Item Set
Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - * - - Economics 18 * - - - Equity Investments 18 - * - - Ethical & Professional Standards 36 - * - - Fixed Income Investments 36 - * - - Portfolio Management - Individual 18 - * - - Portfolio Management - Performance Eval. 18 - * - - Portfolio Management - Risk Management 18 - * -
We have divided the group of candidates who did not pass into 10 approximately equal score bands. Your score band below shows how your overall score on the exam compares with the overall scores of candidates who did not pass this exam. Your score band: 10
Yup/aye/yes.
okay/alright/fine
everything all signed and sealed, new cards arrived, email signature changed,linkedin updated and i spent a good few hours last night clearing out piles and piles of notes, books, cards and a whole bunch of other stuff. Distributed loads of books to collegues today and filled up the recycling bins with the rest.
I have to admit to feeling a little strange when sorting through all that stuff last night, 3 years of my 20’s spent with a single minded determination to get this charter. I’m glad i did it though.
feels like a new beginning…
i got cfa tatood on my forehead, 3 for 3 tatooed on my palm,
Congrats to all who passed. For those who didn’t, keep at it… I failed L2 and L3 once each. The honey is sweeter if you overcome adversity. It was worth my blood, sweat, and tears.
you mean it helped you in your career?
MPS looks to be around 61% here
But the 40/60/80 underestimates the actual % on the PM by about 8-9% (because it assumes 60 when you got 67% and 40 when you got 50% and 80 when you got 83% or 100%) so a 61 MP equates to about a 65-66% as you need to add half of 8-9% to the average of the AM/PM - which is right around what you always hear the MPS is…
How do you know they used the 40/60/80 method? You’re also not accounting for the whole fact that if it’s below 50 it could be a 0 just as well as a 50%, I would argue it overestimates the passing rate because everything below 50 could just as well be zero and there is a larger range between 0 and 50 than there is between 70 and 100
On a topic that has 10% weight on the exam, it can actually overstate by 1.7% (i.e. 7 / 12 = 58.3%) and 5% (i.e. 9 / 12 = 75%) when you apply the 40/60/80 rule. However, if you apply the 40/60/80 rule like 300Hours.com does, they incorporate that possibility since they know you can’t actually score exacty 40/60/80. So, your analysis isn’t quite complete.
I agree that the 300Hours website does it pretty accurately - but Vicky seems to be referring to the straight 40/60/80 and suggesting that equals the % you can get by with. And the 300Hours website suggests you need more like 66% to pass which I agree with.
I doubt many people passing the exam got less than 50% on a subject in the PM. I do agree for those that failed that there is a good chance the 50% or below bucket had much lower scores in it, but I would think for people that pass, would normally mean they got 50% in that category.