The Official 2011 CFA Level 3 Results Thread

Can you find the difference in Q1 and Q2? They have different Max Pts as the following. Why do they have different max points? Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 15 - - * 2 Portfolio Management - Individual 23 - *- 3 Portfolio Management - Institutional 26 - - * 4 Economics 23 - - * Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 16 - - * 2 Portfolio Management - Individual 22 - - * 3 Portfolio Management - Institutional 26 - * - 4 Economics 23 - - *

Interesting observation I hadn’t noticed that, may I suggest starting a new thread with that topic? It may get more attention.

anyone seen a lower passing score than this? Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 15 * - - 2 Portfolio Management - Individual 23 * - - 3 Portfolio Management - Institutional 26 - - * 4 Economics 23 - * - 5 Portfolio Management - Asset Allocation 20 * - - 6 Fixed Income Investments 19 - * - 7 Equity Investments 22 * - - 8 Portfolio Management - Risk Management 16 * - - 9 Portfolio Management – Performance Eval. 16 * - - 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 - Execution 18 - - * - Portfolio Management - Individual 18 - * - - Portfolio Management - Risk Management 18 - - *

winkster Wrote: ------------------------------------------------------- > Interesting observation I hadn’t noticed that, may > I suggest starting a new thread with that topic? > It may get more attention. It’s probably due to the fact that there are multiple versions of the exam, which differ slightly from each other. Remember the 5050 / 5151 (or something like that) exam code ?

Passed motherfvckers!! Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 15 - * - 2 Portfolio Management - Individual 23 * - - 3 Portfolio Management - Institutional 26 - - * 4 Economics 23 - * - 5 Portfolio Management - Asset Allocation 20 - * - 6 Fixed Income Investments 19 * - - 7 Equity Investments 22 * - - 8 Portfolio Management - Risk Management 16 - - * 9 Portfolio Management – Performance Eval. 16 * - - 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 - Execution 18 - * - - Portfolio Management - Individual 18 - * - - Portfolio Management - Risk Management 18 - * -

pass Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 15 * - - 2 Portfolio Management - Individual 23 - * - 3 Portfolio Management - Institutional 26 - - * 4 Economics 23 - * - 5 Portfolio Management - Asset Allocation 20 * - - 6 Fixed Income Investments 19 - * - 7 Equity Investments 22 - - * 8 Portfolio Management - Risk Management 16 * - - 9 Portfolio Management – Performance Eval. 16 * - - 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 - Execution 18 * - - - Portfolio Management - Individual 18 - - * - Portfolio Management - Risk Management 18 - * -

Same total “38”.

PASS Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 15 - * - 2 Portfolio Management - Individual 23 * - - 3 Portfolio Management - Institutional 26 - * - 4 Economics 23 - - * 5 Portfolio Management - Asset Allocation 20 * - - 6 Fixed Income Investments 19 * - - 7 Equity Investments 22 - - * 8 Portfolio Management - Risk Management 16 - - * 9 Portfolio Management – Performance Eval. 16 - - * 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 - Execution 18 * - - - Portfolio Management - Individual 18 - * - - Portfolio Management - Risk Management 18 - - *

Absolutely…

Absoluteley…

cityboy Wrote: ------------------------------------------------------- > winkster Wrote: > -------------------------------------------------- > ----- > > Interesting observation I hadn’t noticed that, > may > > I suggest starting a new thread with that > topic? > > It may get more attention. > > It’s probably due to the fact that there are > multiple versions of the exam, which differ > slightly from each other. Remember the 5050 / 5151 > (or something like that) exam code ? Do you think there are multiple versions of the exam? Wouldn’t that be unfair? I see your point on the exam code though, and it does make sense. Good catch guys.

Pass – 3/3. Thank god it’s over. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 15 * - - 2 Portfolio Management - Individual 23 * - - 3 Portfolio Management - Institutional 26 - - * 4 Economics 23 - - * 5 Portfolio Management - Asset Allocation 20 * - - 6 Fixed Income Investments 19 - * - 7 Equity Investments 22 - - * 8 Portfolio Management - Risk Management 16 - * - 9 Portfolio Management – Performance Eval. 16 - - * 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 - Execution 18 - * - - Portfolio Management - Individual 18 - - * - Portfolio Management - Risk Management 18 - * -

I have to bump this thread b/c if you are as masochistic and neurotic as me you will enjoy skimming thru this as we wait for our inevitable fates.

It seems survivorship bias of the data is rulling. Ha.

Surprised how many people passed that have > 6 50% or lower sections. Confidence boost. Thanks!

I was band 9 last year but was somewhat surprised considering how I scored. Gives me a bit of hope that I did enough this time around.

That’s evil…

Pass rate on this thread may have subjected to survivorship bias.

true… the passed crowd is always much more willing to share than the failed crowd

Mine. Borderline much?

Essay| Q# | Topic | Max Pts | \<=50% | 51%-70% | \>70% | | --- | --- | --- | --- | --- | --- | | 1 | Portfolio Management - Individual | 15 | \* | - | - | | 2 | Portfolio Management - Individual | 23 | \* | - | - | | 3 | Portfolio Management - Institutional | 26 | - | \* | - | | 4 | Economics | 23 | - | - | \* | | 5 | Portfolio Management - Asset Allocation | 20 | \* | - | - | | 6 | Fixed Income Investments | 19 | - | \* | - | | 7 | Equity Investments | 22 | - | \* | - | | 8 | Portfolio Management - Risk Management | 16 | - | - | \* | | 9 | Portfolio Management – Performance Eval. | 16 | \* | - | - | 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 - Execution | 18 | - | - | \* | | - | Portfolio Management - Individual | 18 | - | - | \* | | - | Portfolio Management - Risk Management | 18 | - | - | \* |