Comments on: Exam Day Experience

By: Lumilog

Lumilog — Fri, 29 May 2009 09:47:41 +0000

I never read anything to tell me otherwise – so on the questions where I was completely clueless, I always guessed and never left any questions unanswered.

More common was for me to calculate my answer, but then not see it as one of the answer choices. Obviously this meant that either I’d entered the info into the calculator wrong or my logic was incorrect. If your answer is hugely off, it’s probably because you read the question wrong or are making a large error like using an annual return as a monthly return. Usually you have some sort of clue about what you might be doing wrong and can re-work the problem using slightly different logic (e.g. this time I’ll leave out depreciation) and end up with a number that is one of the choices. If this still didn’t work I’d just end up going with the answer that was closest to what I came up with using the logic I thought was most correct.

Good luck!

By: Newbie

Newbie — Fri, 29 May 2009 03:34:45 +0000

Lumi,

One more simple question. I did not read anywhere that CFA evaluation has negative grading; meaning there is no negative marks for incorrect answer. IS there?

We should be able to guess, if we do not know the answer. Right?

THanks,

By: Lumilog

Lumilog — Fri, 15 May 2009 21:34:45 +0000

Level I and II are fill in the bubble with #2 pencil (i guess what you’re calling scantron). But Level III is either partially or completely written.

By: Newbie

Newbie — Fri, 15 May 2009 21:32:01 +0000

Lumi,

Is the CFA level I test Computer based or Scantron based? Thanks,

By: Lumilog

Lumilog — Tue, 25 Nov 2008 22:26:44 +0000

Wishing you lots of luck, Saud. Maybe we’ll see you at the Level II exam in June!

- lumi

By: Saud

Saud — Tue, 25 Nov 2008 20:36:33 +0000

Thanks for the details. Im sitting the Dec. 08 exam and was really worried of the process. This post really helps ease the uncertainty of “Whats going to happen?

By: Lumilog

Lumilog — Tue, 29 Jul 2008 22:13:37 +0000

Congrats George – you smoked me!

Craig – sorry to hear that. I was a bit surprised at what I did well in and what I didn’t too. Guess it just depended on what was freshest on exam day. Don’t give up.

- Lumilog

By: Craig

Craig — Tue, 29 Jul 2008 14:35:25 +0000

A bloody FAIL!

Top 10% of failures so I guess that’s a consolation.

Bizarrely, I did crap (less than 50%) on economics and derivatives – two of my best topics when I was doing the example questions. It must have been the second paper I failed on. Got plus 70% for ethics, alternatives and portfolio management.

By: George

George — Tue, 29 Jul 2008 13:59:34 +0000

It is a PASS for me, too. Got > 70% for all sections except Alternative Investment that is < 50%. Will be back soon.

By: Lumilog

Lumilog — Tue, 29 Jul 2008 13:30:18 +0000

Momo,

CONGRATS! I’m writing a blog about it now – hope to have it up before noon.

Till then…