The Official 2012 CFA Level 3 Results Thread

Passed: 3 for 3 in 18 months. This was the first time I didn’t get perfect marks but I don’t even care.

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 - - *

Pass!

Many have claimed 3/3 here and congrats to them. I’d like to go one better and not only claim 3/3 but also that I left every exam (morning and afternoon session) at least 1/2 hour before the end.

Personally I think bigger congrats need to go out to those enduring souls who had to read Fail on at least one of these emails and had the courage and tenacity to pick themselves up and try again. To those of you who have taken this path and finally got an L3 pass today, I SALUTE YOU!!

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 - - *

After 5 yrs, a band 8 fail last yr, i somehow passed. Congrats to all those who passed and to those who didn’t, don’t ever give up. You have come too far. Keep up the good fight!

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

*

2nd take of Lv III, only used Schweser this year. Last year use CFA books but failed.

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 - * -

Passed. Three for Three. Thanks AF for your help thel ast two years. I look forward to never coming back here again!

PASSED!!! THANK GOD!!! ALTHOUGH I THINK I HAD THE CLOSEST PASS EVER!!! 5 CATEGORIES UNDER 50%!!!

TO ALL THE PEOPLE WHO WERE NOT LUCKY, HANG IN THERE!!! YOU’LL NAIL IT NEXT YEAR!

BEST TO ALL!

I am wondering if anyone has ever experienced results similar to the scores I posted below. I did not exactly hit a home run in Item Set, but, the scores are not bad. I am assuming my essay scores reflect either a mistake I experienced with either the exam format, or a scoring issue. Does anyone have an experience with retabulation?

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 - - *

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: 3

tulkuu- congrats!

and thanks for all the help along the way!

WE DID IT!

I failed each level twice before I passed and am happy to say I am finally done the exams.

Obviously I am not the smartest person, but I think I am in the position to give a tip in how to complete the program.

Its an hours game, if you set aside enough time you will pass. Its a matter of keeping the discipline.

Congratulations everyone.

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

*

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 - - *

Anybody else still waiting on the email?

mcap11, congrats to you, too. Thank you all AFers.

Yes, it’s TOUGH, but we are TOUGHER!

check your spam folder just in case

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 - - *

Passed

Morning-- 1 Low; 7 Mids, 1 High

Afternoon-- 2 Mids; 8 Highs.

still haven’t got mine yet…

but if it’s a pass i don’t mind to wait another day…

grats to those who passed…

good luck to those still waiting…

don’t give up to those who didn’t do well this time…

Passed! Took me five years to get through the program, but I’m so glad I stuck with it.

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 - * -

Congratulations to all that passed and for those who were unlucky this time, never give up - you will eventually nail it!