CFA Exam

[Phaceliacapital]

Guys hope your results were okay!

 

I passed Level II so beer here I come :)

[tng]

I just passed Level 2! Somehow I ranked on the top on the Ethics section even though I was sure I did poorly. However, it is a relative comparison based on other people who took the test, maybe that says something about the type of people who go into finance.

[Palantir]

Congratulations. I'm not looking forward to my L3 results in Aug.

[Liberty]

I just passed Level 2! Somehow I ranked on the top on the Ethics section even though I was sure I did poorly. However, it is a relative comparison based on other people who took the test, maybe that says something about the type of people who go into finance.

 

Congrats!  :)

[xtreeq]

Liberty, Phacelia - congrats!

 

I also passed L2 after passing L1 this past December ... 2/2 is a very sweet feeling, but not half as sweet or as useful as the stuff I've learned here in this forum. You would think CFAI would bother to at least have a good thorough section about how to analyze a company's management instead of some of the nonsensical stuff that is in the CBOK (at least for us of the value cloth), but I'm just happy to move on to L3!

[west]

Level III guys, how did you do?

 

Me?  I passed!  I'm done!

 

Well... not quite.  Now I just have to get four years of experience :D

[Palantir]

PASSED L3!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

 

FINALLLY.

 

I only have 2 yrs experience, need 2 more for dem letterz.

[Phaceliacapital]

Congrats guys!!

 

With L III pass rates available I "calculate" a 8% probability to do it in one shot..

 

Fortunately with L II passed this probability has shifted up to 49% :D

[xtreeq]

Congrats guys - very happy (and jealous)!

 

Phacelia - I do not know how you calculated 8%, but since CFAI does not publish separate numbers for 1st time takers and retakers, the number I believe you are suggesting is a maximum ... more likely for 3/3 people the real statistics are (my rough estimates)

 

LI - about 30%, as retakers will have a significant advantage

 

LII - about 40%, retakers have an advantage but not such a great one as this is a tough exam (as we all know)

 

LIII - no idea, but I assume its again skewed in favor of retakers, so let's assume 45%

 

This comes out to around 5.5% .... so I would say anywhere between 5 and 8 percent chance

 

Are you taking L3 next June? Have you signed up yet?

[Phaceliacapital]

Yeah it's a maximum, I didn't account for retakers as these numbers are indeed not disclosed, so in fact we're even smarter??? (if I pass L III next June :D)

 

I am going to sign up once it is cleared through HR!

[xtreeq]

Likely it is a combination of luck and preparation ... but going 3 for 3 would be nice :)

 

Did you take L1 in June? I took mine in Dec ...

[Phaceliacapital]

I took it in June!

[xtreeq]

Well good for you :)

 

I just noticed your "The harder you work, the luckier you get." - could not agree more, though I had only about 200 hours to put into L2, so I guess luck did play a part ... I'd love to chat about prep materials etc. I'm reachable at [email protected]

 

Cheers!

[TwoCitiesCapital]

Unfortunately I'll be taking Level 3 again....

 

Just didn't really have a disciplined study regiment for this and didn't need one for the first two. Have to adapt to pass this one; my results were abysmal.