The Official 2012 CFA Level 3 Results Thread

CFA Level III
#321

Fail, Band 10, lovely.

Really feel crappy about this, as I passed L1 & 2 on my first try. Thought the AM was hard, but didn’t think I bombed it like I did. My question to those more knowledgable, how hard will they try to decipher what you wrote? My handwriting is pretty atrocious, but I can’t imagine I can blame it on these scores? Just feel as if I did better than this. Afternoon almost saved me - but with those morning scores, can’t say I deserved to pass.

Essay Q# Topic Max Pts <=50% 51%-70% >70%

1 Portfolio Management - Individual 27 * - -

2 Portfolio Management - Individual 9 - * -

3 Portfolio Management - Execution 21 * - -

4 Portfolio Management - Individual 17 * - -

5 Economics 24 - * -

6 Portfolio Management - Institutional 34 * - -

7 Fixed Income Investments 23 - * -

8 Derivatives 13 * - -

9 Derivatives 12 * - -

Item Set Q# Topic Max Pts <=50% 51%-70% >70%

  • Alternative Investments 18 * - -

  • Equity Investments 18 - - *

  • Ethical & Professional Standards 36 - - *

  • Fixed Income Investments 18 - * -

  • Portfolio Management 18 * - -

  • Portfolio Management - Asset Allocation 18 - * -

  • Portfolio Management - Individual 18 - - *

  • Portfolio Management - Performance Eval. 18 - - *

  • Portfolio Management - Risk Management 18 - * -

#322

Feels like I was close to failing but passed(Ethics I guess)…dont care Ill take it. any thoughts?

<=50%

51%-70%

>70%

Portfolio Management - Individual

27

*

Portfolio Management - Individual

9

*

Portfolio Management - Execution

21

*

Portfolio Management - Individual

17

*

Economics

24

*

Portfolio Management - Institutional

34

*

Fixed Income Investments

23

*

Derivatives

13

*

Derivatives

12

*

Topic

Max Pts

<=50%

51%-70%

>70%

Alternative Investments

18

*

Equity Investments

18

*

Ethical & Professional Standards

36

*

Fixed Income Investments

18

*

Portfolio Management

18

*

Portfolio Management - Asset Allocation

18

*

Portfolio Management - Individual

18

*

Portfolio Management - Performance Eval.

18

*

Portfolio Management - Risk Management

18

*

#323

PASS!

Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 27 - * - 2 Portfolio Management - Individual 9 – * 3 Portfolio Management - Execution 21 – * 4 Portfolio Management - Individual 17 – * 5 Economics 24 - -* 6 Portfolio Management - Institutional 34 * - - 7 Fixed Income Investments 23 -*- 8 Derivatives 13 * - - 9 Derivatives 12 * - -

Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 *- - - Equity Investments 18 - - * - Ethical & Professional Standards 36 - - * - Fixed Income Investments 18 - - * - Portfolio Management 18 - - * - Portfolio Management - Asset Allocation 18 - - * - Portfolio Management - Individual 18 - - * - Portfolio Management - Performance Eval. 18 - - * - Portfolio Management - Risk Management 18 *- -

#324

Passed!

almost aced PM, but had below 50% on 3 sections in the AM.

used exclusively schweser, end of chapter from CFAI though, a few exams, not too many. blue box. never read CFAI materials from official books, or used qbank, or any courses. second time writing. 2011 was band 8.

congrats to all who passed.

Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 27 * - - 2 Portfolio Management - Individual 9 - * - 3 Portfolio Management - Execution 21 - - * 4 Portfolio Management - Individual 17 - * - 5 Economics 24 - - * 6 Portfolio Management - Institutional 34 * - - 7 Fixed Income Investments 23 - * - 8 Derivatives 13 * - - 9 Derivatives 12 - * - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - - * - Equity Investments 18 - - * - Ethical & Professional Standards 36 - - * - Fixed Income Investments 18 - - * - Portfolio Management 18 * - - - Portfolio Management - Asset Allocation 18 - - * - Portfolio Management - Individual 18 - - * - Portfolio Management - Performance Eval. 18 - - * - Portfolio Management - Risk Management 18 - - *

#325

First email ever from CFAI that went to my spam folder, but the result made the wait sweet. 8.5 hours late, but pass!!!

#326

Passed!!

But score was terrible…

I can’t believe i passed with this bad score

Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 27 * - - 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Execution 21 - - * 4 Portfolio Management - Individual 17 - * - 5 Economics 24 * - - 6 Portfolio Management - Institutional 34 - * - 7 Fixed Income Investments 23 - * - 8 Derivatives 13 - - * 9 Derivatives 12 * - - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - - * - Equity Investments 18 - - * - Ethical & Professional Standards 36 * - - - Fixed Income Investments 18 - - * - Portfolio Management 18 - * - - Portfolio Management - Asset Allocation 18 - - * - Portfolio Management - Individual 18 - - * - Portfolio Management - Performance Eval. 18 - - * - Portfolio Management - Risk Management 18 - * -

#327

To pattdl

Yeah looks like ethics saved us. Below are my scores:

Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 27 * - - 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Execution 21 * - - 4 Portfolio Management - Individual 17 - - * 5 Economics 24 - * - 6 Portfolio Management - Institutional 34 * - - 7 Fixed Income Investments 23 * - - 8 Derivatives 13 - - * 9 Derivatives 12 * - - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 * - - - Equity Investments 18 - * - - Ethical & Professional Standards 36 - - * - Fixed Income Investments 18 - - * - Portfolio Management 18 * - - - Portfolio Management - Asset Allocation 18 - - * - Portfolio Management - Individual 18 - - * - Portfolio Management - Performance Eval. 18 - - * - Portfolio Management - Risk Management 18 - - *

#328

Passed:) The journey is over

A summary of your exam results is provided below. The three columns on the right are marked with asterisks to indicate your performance on each topic area.

Please contact us if you have questions or comments about the CFA Program.

Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 27 * - - 2 Portfolio Management - Individual 9 - * - 3 Portfolio Management - Execution 21 * - - 4 Portfolio Management - Individual 17 - * - 5 Economics 24 - * - 6 Portfolio Management - Institutional 34 * - - 7 Fixed Income Investments 23 * - - 8 Derivatives 13 - - * 9 Derivatives 12 * - - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - - * - Equity Investments 18 - - * - Ethical & Professional Standards 36 * - - - Fixed Income Investments 18 * - - - Portfolio Management 18 - * - - Portfolio Management - Asset Allocation 18 - - * - Portfolio Management - Individual 18 - * - - Portfolio Management - Performance Eval. 18 - - * - Portfolio Management - Risk Management 18 - - *

#329

Failed, band 8. Super frustrated by the contradictory results. Afternoon would imply I knew what the hell I was talking about, morning that I didn’t even show up. (You can see where I ran out of time - mid way though question 7. Terrible time management on my part). Sucksssss.

Essay Q#TopicMax Pts<=50%51%-70%>70% 1Portfolio Management - Individual27*-- 2Portfolio Management - Individual9-*- 3Portfolio Management - Execution21-*- 4Portfolio Management - Individual17–* 5Economics24–* 6Portfolio Management - Institutional34*-- 7Fixed Income Investments23*-- 8Derivatives13*-- 9Derivatives12*–

Item Set Q#TopicMax Pts<=50%51%-70%>70% -Alternative Investments18*-- -Equity Investments18-*- -Ethical & Professional Standards36–* -Fixed Income Investments18–* -Portfolio Management18–* -Portfolio Management - Asset Allocation18*-- -Portfolio Management - Individual18–* -Portfolio Management - Performance Eval.18–* -Portfolio Management - Risk Management18-*-

#330

@Butterirch, i failed miserably, bombed AM section, seems like it has not been graded. How did u manage to find out that u did not right in the right part of exam book?

Help really appreciated

#331

SHOCKER AM Section, i think i did well. All below 50 except for one, cant belive it, could it be becuase i used pencil? did anyone else answer with a pencil, or ,maybe i attempted in the wrong area of the booklet or is it just me.

Is retab suggested, help appreciated

Q#

Topic

Max Pts

<=50%

51%-70%

>70%

1

Portfolio Management - Individual

27

*

2

Portfolio Management - Individual

9

*

3

Portfolio Management - Execution

21

*

4

Portfolio Management - Individual

17

*

5

Economics

24

*

6

Portfolio Management - Institutional

34

*

7

Fixed Income Investments

23

*

8

Derivatives

13

*

9

Derivatives

12

*

#332

It has been a grind. 2x at L1. 4x at L2. 3x at L3. But done. Hope some old timers are lurking (Sponge Box et al). I used to post here once in a while but this last year I said I was going to pull a George Costanza: Whatever I did in the past, I was going to do the opposite. So that meant no Analyst Forum. Anyhoo, congrats to all that passed. and to those that didn’t make it, keep going. It will be worth it.

Congratulations! We are very pleased to inform you that you passed the June 2012 Level III CFA exam. 52% of candidates passed the June 2012 Level III CFA exam.

Now that you have passed Level III, you must be a regular member of CFA Institute to be eligible for the award of the CFA charter. Log in now to verify your current membership status or complete the application process.

A summary of your exam results is provided below. The three columns on the right are marked with asterisks to indicate your performance on each topic area.

Please contact us if you have questions or comments about the CFA Program.

Essay

Q#

Topic

Max Pts

<=50%

51%-70%

>70%

1

Portfolio Management - Individual

27

*

2

Portfolio Management - Individual

9

*

3

Portfolio Management - Execution

21

*

4

Portfolio Management - Individual

17

*

5

Economics

24

*

6

Portfolio Management - Institutional

34

*

7

Fixed Income Investments

23

*

8

Derivatives

13

*

9

Derivatives

12

*

Item Set

Q#

Topic

Max Pts

<=50%

51%-70%

>70%

Alternative Investments

18

*

Equity Investments

18

*

Ethical & Professional Standards

36

*

Fixed Income Investments

18

*

Portfolio Management

18

*

Portfolio Management - Asset Allocation

18

*

Portfolio Management - Individual

18

*

Portfolio Management - Performance Eval.

18

*

Portfolio Management - Risk Management

18

*

#333

Passed! got my results at 11:15 - my buddy got his at about 8am and he passed too, but it made my wait even more tense!

#334

Essay

Q#

Topic

Max Pts

<=50%

51%-70%

>70%

1

Portfolio Management - Individual

27

*

2

Portfolio Management - Individual

9

*

3

Portfolio Management - Execution

21

*

4

Portfolio Management - Individual

17

*

5

Economics

24

*

6

Portfolio Management - Institutional

34

*

7

Fixed Income Investments

23

*

8

Derivatives

13

*

9

Derivatives

12

*

Item Set

Q#

Topic

Max Pts

<=50%

51%-70%

>70%

Alternative Investments

18

*

Equity Investments

18

*

Ethical & Professional Standards

36

*

Fixed Income Investments

18

*

Portfolio Management

18

*

Portfolio Management - Asset Allocation

18

*

Portfolio Management - Individual

18

*

Portfolio Management - Performance Eval.

18

*

Portfolio Management - Risk Management

18

*

PASSED!!!

Got my results at 1:45pm!!!

#335

same here… i failed alll except two … i really don’t think i did that badly…

if you scored an almost perfect paper in the PM section and maybe a band 9 or 10, then it maybe useful…

if they gave you low score because you used pencil, then you probably would have that one failed too… so i don’t think it’s the problem of pencil… they could have taken a few points for that but definitely wouldn’t be that bad… something must have gone very wrong in our papers… =(

#336

Passed - 2nd crack this year. First time I’ve sat in a classroom in 10 years but worth it to make sure. BPP London well done.

Received these at 1815 London time, just when sipping my second beer… about time!

Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 27 - - * 2 Portfolio Management - Individual 9 - * - 3 Portfolio Management - Execution 21 - - * 4 Portfolio Management - Individual 17 - * - 5 Economics 24 * - - 6 Portfolio Management - Institutional 34 - * - 7 Fixed Income Investments 23 * - - 8 Derivatives 13 - - * 9 Derivatives 12 - * - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 * - - - Equity Investments 18 - - * - Ethical & Professional Standards 36 - * - - Fixed Income Investments 18 - - * - Portfolio Management 18 * - - - Portfolio Management - Asset Allocation 18 - - * - Portfolio Management - Individual 18 - - * - Portfolio Management - Performance Eval. 18 - - * - Portfolio Management - Risk Management 18 - - *

#337

Hi KR,

I used pencil in the AM and passed so I wouldn’t think that this is what it was.

Should it be writing the wrong spot, I can’t imagine they will change their decision on this with a retab and therefore if you thought that this is what it was I wouldn’t personally both either but this is just my opinion on the second topic.

Pencil would certainly not seem to be the issue though.

#338

I must be the very last one who stands on the cut point. Anyway, I PASSED!!!

#339

After gruelling five hours of wait time for the mail. Finally the news is “PASS”

Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 27 - * - 2 Portfolio Management - Individual 9 - * - 3 Portfolio Management - Execution 21 - * - 4 Portfolio Management - Individual 17 - * - 5 Economics 24 - * - 6 Portfolio Management - Institutional 34 - - * 7 Fixed Income Investments 23 - - * 8 Derivatives 13 - - * 9 Derivatives 12 * - - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 * - - - Equity Investments 18 - - * - Ethical & Professional Standards 36 - - * - Fixed Income Investments 18 - * - - Portfolio Management 18 * - - - Portfolio Management - Asset Allocation 18 - * - - Portfolio Management - Individual 18 - * - - Portfolio Management - Performance Eval. 18 - - * - Portfolio Management - Risk Management 18 - - *

#340

Congratulations! We are very pleased to inform you that you passed the June 2012 Level III CFA exam. 52% of candidates passed the June 2012 Level III CFA exam. Now that you have passed Level III, you must be a regular member of CFA Institute to be eligible for the award of the CFA charter. Log in now to verify your current membership status or complete the application process.

A summary of your exam results is provided below. The three columns on the right are marked with asterisks to indicate your performance on each topic area.

Please contact us if you have questions or comments about the CFA Program.

Essay

Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 27 * - - 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Execution 21 - - * 4 Portfolio Management - Individual 17 - * - 5 Economics 24 - - * 6 Portfolio Management - Institutional 34 * - - 7 Fixed Income Investments 23 - * - 8 Derivatives 13 * - - 9 Derivatives 12 * - -

Item Set

Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 - - * - Equity Investments 18 - * - - Ethical & Professional Standards 36 - - * - Fixed Income Investments 18 - - * - Portfolio Management 18 * - - - Portfolio Management - Asset Allocation 18 - - * - Portfolio Management - Individual 18 - * - - Portfolio Management - Performance Eval. 18 - - * - Portfolio Management - Risk Management 18 - * -