former trader Wrote: ------------------------------------------------------- > > bchadwick, I think the greatest challenge for you > will be to try to keep your answers short, in the > space provided. Judging by your posts, you like > to write a lot. Not sure if you will have enough > time at the exam. LOL!!! One insturctor told me it is OK to copy and paste on the exam, state the obvious.
I find that I;m in a similar situation , I find my self slacking …I am progressing through the readings however I’m afraid that by the time i get to the end i may not have enough time to review and practice … For some reasaon i easilty distracted this time around a opposed to lvl 2 where nothing cd distract me … i guess its time to buckle down wer gettin closer …
former trader Wrote: ------------------------------------------------------- > bchadwick Wrote: > -------------------------------------------------- > ----- > > > > > I am comfortable with qualitative stuff as much > as > > the quantitative stuff, but I’m a little > nervous > > about not knowing how they are going to test > it, > > other than that there will be short essay > problems > > as well. > > > bchadwick, I think the greatest challenge for you > will be to try to keep your answers short, in the > space provided. Judging by your posts, you like > to write a lot. Not sure if you will have enough > time at the exam. Heh heh. It’s true.
2/3rds of LIIers don’t fail L3? Would love to see that backup. Yet, the truth is that 50% of L3ers fail. Many are taking the test for the second time. I failed L3 in 2005 after passing L1 in Dec’03 and L2 in Jun’04. My L2 had a 32% pass rate yet I knew that L3 would be the hardest…and it was. I put in more time. I took the schweser class. The first half seemed so easy. I felt like calling someone to talk about how easy it was, yet I didn’t. I then got whacked by the afternoon session. I have never sat in a session where I just wasn’t prepared. I remember skipping sections only to find one just as difficult. I cursed AIMR like no tomorrow afterwards. When I received my results, I confirmed my thoughts. I failed. The pass rate was 55% so nearly half failed. I signed up for 2006 L3 twenty minutes afterwards. Yet, I had to change my thinking. I had worked my ass off in 2005 and it didn’t help. I signed up for the analyst course in 2006. It was $900 of blood money (my own). It started in January and would keep me motivated. I decided to read the schweser, books prior to each class. I made my own flash cards for reading at the gym. I took the schweser class again. I probably put another 400 hours into it. If you fail L3, you have more risk taking it again. Yet, you are so close, you can’t stop. I took the online test and got 50%. Yet, I crushed the schweser tests. I then took L3 in 2006 and felt great. I think the test was different in that the vingiettes were 1 page and consolidated versus 2. I felt that it was challenging and fair…in some ways easy. I passed. The pass rate was 76%. I knew 2007 would have a low pass rate yet didn’t expect 50%. I think the pass rate next year will be 65%. Many of the people who failed in 2007 will come out with a vengeance and pass the thing like I did. You have to view this test in terms of risk. Can you afford to fail? If studying an extra 200 hours or purchasing a class guarantees you a pass, then do it. It is better than repurchasing classes and material, not to mention the opportunity cost of another 300-400 hours and the loss of job productivity…not to mention the loss of friendships and relationships. The funny thing is that if you retake the test, you aren’t guaranteed to pass. I knew a guy who pass the first two, then failed L3 three times… Hunker down and study. Pass this mother. You will feel so good afterwards.
L3 sounds more and more like heroine. Maybe that explains why I’ve been losing so much weight. JacksonSF Wrote: ------------------------------------------------------- >If you fail L3, you > have more risk taking it again. Yet, you are so > close, you can’t stop.
Maybe I’m going crazy but does anyone else mumble LOS explanations to themselves. I find that it helps me connect the dots more effectively. Or perhaps I enjoy my own company… P.S: Decided to go with making flash cards. Too much information to remember…
am studying now. will get up at 8 am and do a full day prob till 8 pm with short breaks and gym. good luck all studying this wknd! 
it’s Easter weekend, and i don’t have to study! why? because i passed and i am now a charterholder! i’m gonna sleep in on Friday, then go to the gym. then perhaps kick around and play on the internet for a little while. then maybe read a few magazines at a coffee shop…then go out for a few drinks with some friends. saturday: sleep in, stop by amy’s bread after i hit the gym, then go up to harlem for a fw hours of volunteer tax preparation for low income people. then dinner with a friend, maybe go to a club. sunday: sleep in. maybe take my bike out if the weather is nice. if i’m feeling it, i will pop in to work and tidy up an initiation report that’s in progress. as an aside: once i passed level iii, the higher ups of the equity research department hosted this congratulatory lunch for me (and the two other people in the department who passed – i work at a bulge bracket). yes, i passed. i passed i passed i passed, and it feels very good every day. i suspect this will wear off in a few months, but it hasn’t yet. if you study, you will pass, too.
What about hitting the bars for the ladies or going to some strip clubs for some lap dances?
what a sap chihuahua Wrote: ------------------------------------------------------- > it’s Easter weekend, and i don’t have to study! > why? because i passed and i am now a > charterholder! > > i’m gonna sleep in on Friday, then go to the gym. > then perhaps kick around and play on the internet > for a little while. then maybe read a few > magazines at a coffee shop…then go out for a few > drinks with some friends. > > saturday: sleep in, stop by amy’s bread after i > hit the gym, then go up to harlem for a fw hours > of volunteer tax preparation for low income > people. then dinner with a friend, maybe go to a > club. > > sunday: sleep in. maybe take my bike out if the > weather is nice. if i’m feeling it, i will pop in > to work and tidy up an initiation report that’s in > progress. as an aside: once i passed level iii, > the higher ups of the equity research department > hosted this congratulatory lunch for me (and the > two other people in the department who passed – i > work at a bulge bracket). > > yes, i passed. i passed i passed i passed, and it > feels very good every day. > > i suspect this will wear off in a few months, but > it hasn’t yet. > > if you study, you will pass, too.