I ended up failing. I didn’t expect to pass it after doing the mock exams and the real thing, but it was still disappointing to see it in writing:
Level 2: Fail
The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area.
Item Set Q# Topic Max Pts <=50% 51%-70% >70%
- Alternative Investments 18 *- -
- Corporate Finance 36 -*-
- Derivatives 36 -* -
- Economics 18 - - *
- Equity Investments 72 - * -
- Ethical & Professional Standards 36 *--
- Financial Reporting & Analysis 72 - -*
- Fixed Income Investments 36 - * -
- Portfolio Management 18 -*-
- Quantitative Methods 18 *--
We have divided the full group of failed candidates into ten approximately equal score bands. Your score band below shows how your overall score on the exam compares with all other failed candidates.
For example, if your reported score band is 1, you scored in approximately the bottom 10% of failed candidates. If your reported score band is 2, your score was within the next band width ranging from approximately the bottom 11% to 20% of failed candidates. If your score band is reported as 10, you scored in the top 10% of all failed candidates.
Performance band of your overall score among all candidates who failed the exam: 6
The most surprising point of the exam was that I got >70% for FSA, and <50% for Ethics. I thought the ethics was easy and spent a lot of time on FSA during the exam.
This has been a good experience and has set me up well for next years exam. I plan to start studying again in September and take my time. I should be able to write more entries into this blog this time around :)
To everyone who passed their level II and III exams, congratulations! Your hours of hard work has paid off. Good luck for your level III exams, or congratulations on obtaining the charter! I wish you all the best.
289 days until the June 2010 exams.
