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Wall Street Oasis » Blogs » AndyLouis's blog
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How did the CFA go for you today?
 

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AndyLouis's picture
AndyLouis
     
 
 
(Almost Human, 6,117
 
Points)
 on 6/3/12 at 11:00pm
how was your cfa.dib

To the estimated 40% who took the test Saturday and will get a passing score: congrats! To the ~60% who won't... better luck next time (or is there anyone out there giving up?).  

For all who took it, what are your thoughts? Any surprises / tips you can pass on to future test takers? 

WSO's COO (Chief Operating Orangutan) | My story | Connect with me on Linkedin.

2013 WSO Conference

  • CFA
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Comments

Abdel's picture

(No subject)

Abdel
      O
 
(Neanderthal, 2,064
 
Points)
 on 6/2/12 at 6:55pm
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FutureBanker09's picture

LII taker here. First half

FutureBanker09
      AM
 
(Senior Orangutan, 426
 
Points)
 on 6/2/12 at 7:33pm

LII taker here. First half 5050, was pretty brutal, just really strange stuff. Second half 5151, wasn't that bad a lot of easy calcs and gimme answers. Hopefully I did well enough on the second half to counteract the first one.

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RiskyBizness's picture

I felt like the AM portion

RiskyBizness
      IB
 
 
(Orangutan, 276
 
Points)
 on 6/2/12 at 7:34pm

I felt like the AM portion could have gone either way, but I think I did well on PM. Nothing surprising.

Level 2. Studied ~500 hrs in total...

Going out for dinner with the girlfriend. Thank god I have my summer now.

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BlackHat's picture

(No subject)

BlackHat
      HF
 
 
(Senior Neanderthal, 5,115
 
Points)
 on 6/2/12 at 7:38pm

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

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madmoney15's picture

CFA Level 1 AM- So-So, Mainly

madmoney15
     
 
(Orangutan, 365
 
Points)
 on 6/2/12 at 8:20pm

CFA Level 1

AM- So-So, Mainly on the positive side.

PM- Sucked huge balls. There was to much math on there. I blanked on alot of formulas.

See my WSO Blog

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grapefury's picture

L3 here I always heard L2 was

grapefury
     
 
(Baboon, 120
 
Points)
 on 6/2/12 at 8:29pm

L3 here

I always heard L2 was the hard one. BS. L3 is definitely harder, but I believe I pushed past 70% and should secure a pass. After suffering through this, I'm much more biased in hiring people in the program.

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madmoney15's picture

when do we get the results?

madmoney15
     
 
(Orangutan, 365
 
Points)
 on 6/2/12 at 8:37pm

when do we get the results?

See my WSO Blog

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blueslord2910's picture

40%? Last December, it was

blueslord2910
     
 
(Senior Baboon, 227
 
Points)
 on 6/2/12 at 8:53pm

40%? Last December, it was 38% for lv1 :D I am going to be in the 60% very soon :(

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Race's picture

Random observation At my

Race
     
 
(Baboon, 168
 
Points)
 on 6/2/12 at 8:56pm

Random observation

At my testing center (a large city area) it was about 60-70% occupied from the start. I have been doing the CFA dance for (ahem ahem) some time now and this was the emptiness I have seen it.

I asked one of the proctors and she said a lot of people did not show up. She even said there was one summer test where over half the names did not show up.

This testing center was also much smaller than the last center.

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madmoney15's picture

What I didn't get was that

madmoney15
     
 
(Orangutan, 365
 
Points)
 on 6/2/12 at 8:59pm

What I didn't get was that there was a lot of people who showed up for the morning session but never showed up for the afternoon? Why not just finish?

See my WSO Blog

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DotCarter's picture

Level 1 candidate: AM: I

DotCarter
     
 
(Monkey, 61
 
Points)
 on 6/2/12 at 9:05pm

Level 1 candidate:

AM: I thought it was difficult. Had to skip a bunch of questions and go back to them. Have no idea how I did.

PM: Went much better but I hope it was enough to counteract my AM session.

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whitecollarandsuspenders's picture

Level 1 taker. Didn't study

whitecollarands...
      IB
 
(Baboon, 145
 
Points)
 on 6/2/12 at 10:18pm

Level 1 taker. Didn't study much, and feel like my scores are kinda a coin flip at this point. Definitely was harder than I thought, Since I am free to express "negative opinions" of the CFA Institute, I will say they are tricky bastards in respect to the problems on the test.

"The problem with Socialism is that eventually you run out of other peoples money"

- Margaret Thatcher

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In reply to madmoney15
WalMartShopper's picture

madmoney15: CFA Level 1 AM-

WalMartShopper
     
 
(Senior Gorilla, 939
 
Points)
 on 6/2/12 at 10:19pm
madmoney15:

CFA Level 1

AM- So-So, Mainly on the positive side.

PM- Sucked huge balls. There was to much math on there. I blanked on alot of formulas.

MF'ing DITTTO

If the glove don't fit, you must acquit!

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RiskyBizness's picture

Oh, on tips for future

RiskyBizness
      IB
 
 
(Orangutan, 276
 
Points)
 on 6/2/12 at 11:47pm

Oh, on tips for future takers: practice problems and practice exams, especially, are key. I took 7 practice exams, but my instructor at NYSSA recommends 8 to 12. I think the vignette style, and digging through the information, takes more getting used to than most would think. It also prepares you for the "tricks" that force you to do a problem you haven't quite seen before. It's about knowing the material to the point that you are flexible with what you can work with.

You should be done with the books and a first go at all the end of chapter problems by April 15th. After that should be all practice problems with one exam a weekend for level 2. The books are just to review parts you aren't getting on practice exams at that point.

But we'll see if I should be giving any advice in a couple months. I think I passed, but I doubt it was by a huge margin...

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VitaminX's picture

CFA Level 1 Everyone does the

VitaminX
     
 
(Chimp, 3
 
Points)
 on 6/3/12 at 12:54am

CFA Level 1

Everyone does the same CFA EXAM right? I thought it was much easier than the mocks provided by the CFA and Schweser. I actually was surprised how the ethics question were really short and not the same type of long "scenario" questions presented on the Schwesers.

AM: I Finished early but guessed on a couple of questions

PM: Harder than the AM exam but i thought it was ok compared to the mocks.

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In reply to VitaminX
onedumbmonkey's picture

VitaminX: CFA Level

onedumbmonkey
     
 
(Senior Monkey, 84
 
Points)
 on 6/3/12 at 2:02am
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"Everybody is a genius. But if you judge a fish by its ability to climb a tree, it will live its whole life believing that it is stupid"

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SonnyCrockett's picture

It was good practice for

SonnyCrockett
      O
 
(Senior Monkey, 66
 
Points)
 on 6/3/12 at 3:33am
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JulianRobertson's picture

Level 2, second attempt. Half

JulianRobertson
      IA
 
(Senior Baboon, 232
 
Points)
 on 6/3/12 at 4:41am
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RTPTheFirst's picture

I agree with the majority on

RTPTheFirst
     
 
(Chimp, 5
 
Points)
 on 6/3/12 at 5:38am

Be fearful when others are greedy, and greedy when others are fearful..

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Funkfreed's picture

The worst part of this exam,

Funkfreed
     
 
(Baboon, 147
 
Points)
 on 6/3/12 at 6:10am
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In reply to onedumbmonkey
Highway Robbery's picture

onedumbmonkey: VitaminX: CF

Highway Robbery
     
 
(Senior Monkey, 72
 
Points)
 on 6/3/12 at 8:38am
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In reply to Funkfreed
AndyLouis's picture

Funkfreed: The worst part of

AndyLouis
     
 
 
(Almost Human, 6,117
 
Points)
 on 6/3/12 at 9:42am

WSO's COO (Chief Operating Orangutan) | My story | Connect with me on Linkedin.

2013 WSO Conference

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ANG's picture

L2: AM Not good I think I may

ANG
     
 
(Chimp, 1
 
Points)
 on 6/3/12 at 9:45am
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buybuybuy's picture

L2 AM: Did really well. PM:

buybuybuy
      AM
 
(Senior Orangutan, 416
 
Points)
 on 6/3/12 at 10:14am
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In reply to AndyLouis
Funkfreed's picture

AndyLouis: Funkfreed: The

Funkfreed
     
 
(Baboon, 147
 
Points)
 on 6/3/12 at 10:24am
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In reply to buybuybuy
FutureBanker09's picture

buybuybuy: L2 AM: Did really

FutureBanker09
      AM
 
(Senior Orangutan, 426
 
Points)
 on 6/3/12 at 10:51am
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Angus Macgyver's picture

Took the L1 earlier today. I

Angus Macgyver
      IB
 
(Senior Gorilla, 754
 
Points)
 on 6/3/12 at 11:03am
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In reply to FutureBanker09
buybuybuy's picture

FutureBanker09: buybuybuy:

buybuybuy
      AM
 
(Senior Orangutan, 416
 
Points)
 on 6/3/12 at 11:16am
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Imperialian's picture

Level 2 candidate here. Like

Imperialian
      ST
 
(Baboon, 173
 
Points)
 on 6/3/12 at 11:17am
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In reply to AndyLouis
Relinquis's picture

AndyLouis: Funkfreed: The

Relinquis
      RE
 
 
(Neanderthal, 2,186
 
Points)
 on 6/3/12 at 11:31am

relinquis... Killing the GMAT this December; Over/Under set at: 725 GMATs.

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In reply to buybuybuy
FutureBanker09's picture

buybuybuy: FutureBanker09:

FutureBanker09
      AM
 
(Senior Orangutan, 426
 
Points)
 on 6/3/12 at 11:21am
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Downtown's picture

Took L3 yesterday: it seemed

Downtown
      PE
 
(Senior Baboon, 190
 
Points)
 on 6/3/12 at 11:25am
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Linfone's picture

Took L2 yesterday. The most

Linfone
      ST
 
(Baboon, 161
 
Points)
 on 6/3/12 at 11:44am

"All I've ever wanted was an honest week's pay for an honest day's work."

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grapefury's picture

Not many L3'ers here, mostly

grapefury
     
 
(Baboon, 120
 
Points)
 on 6/3/12 at 11:58am
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daveyc18's picture

L3 here...made some careless

daveyc18
     
 
(Chimp, 2
 
Points)
 on 6/3/12 at 12:15pm
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daveyc18's picture

and yes, Lvl 1 is a joke vs 2

daveyc18
     
 
(Chimp, 2
 
Points)
 on 6/3/12 at 12:17pm
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dacasale's picture

Level 3 morning session was

dacasale
      ER
 
(Orangutan, 251
 
Points)
 on 6/3/12 at 12:24pm
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In reply to FutureBanker09
buybuybuy's picture

FutureBanker09: buybuybuy:

buybuybuy
      AM
 
(Senior Orangutan, 416
 
Points)
 on 6/3/12 at 12:46pm
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hawkua's picture

Took L3 yesterday - AM

hawkua
      AM
 
(Senior Monkey, 66
 
Points)
 on 6/3/12 at 1:06pm
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Relinquis's picture

haha! The 10+ pencil guys are

Relinquis
      RE
 
 
(Neanderthal, 2,186
 
Points)
 on 6/3/12 at 2:01pm

relinquis... Killing the GMAT this December; Over/Under set at: 725 GMATs.

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jmayhem's picture

Took Level I

jmayhem
      O
 
(Senior Baboon, 224
 
Points)
 on 6/3/12 at 3:07pm

"The power of accurate observation is commonly called cynicism by those who have not got it." - George Bernard Shaw

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Babbabooey's picture

CFA I I thought the afternoon

Babbabooey
     
 
(Chimp, 3
 
Points)
 on 6/3/12 at 3:49pm
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blueslord2910's picture

I barely had time to rest.

blueslord2910
     
 
(Senior Baboon, 227
 
Points)
 on 6/3/12 at 3:59pm
    • Credits
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In reply to jmayhem
RiskyBizness's picture

jmayhem: Took Level I

RiskyBizness
      IB
 
 
(Orangutan, 276
 
Points)
 on 6/3/12 at 4:49pm
    • Credits
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In reply to Relinquis
whatwhatwhat's picture

Relinquis: I noticed that

whatwhatwhat
      HF
 
(King Kong, 1,431
 
Points)
 on 6/3/12 at 4:58pm
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In reply to whatwhatwhat
madmoney15's picture

whatwhatwhat: I was too

madmoney15
     
 
(Orangutan, 365
 
Points)
 on 6/3/12 at 5:14pm

See my WSO Blog

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aempirei's picture

Sat for Level 2. Thought it

aempirei
      IB
 
(Gorilla, 725
 
Points)
 on 6/3/12 at 7:42pm

My name is Nicky, but you can call me Dre.

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buybuybuy's picture

Most people don't dress to

buybuybuy
      AM
 
(Senior Orangutan, 416
 
Points)
 on 6/3/12 at 10:58pm
    • Credits
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In reply to VitaminX
tylderdurden's picture

VitaminX: CFA Level

tylderdurden
      ER
 
 
(Senior Baboon, 234
 
Points)
 on 6/4/12 at 1:20am
    • Credits
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In reply to whatwhatwhat
jmayhem's picture

whatwhatwhat: Relinquis: I

jmayhem
      O
 
(Senior Baboon, 224
 
Points)
 on 6/4/12 at 1:22am

"The power of accurate observation is commonly called cynicism by those who have not got it." - George Bernard Shaw

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Forum Topics

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  • First post on WSO: Looking to move into RE full time. Some criteria: real estate focus with domestic/international travel involved. Do any positions matching these criteria exist? From what I've read, it sounds like IB RE is office based, as are most other positions. I don't mind long...
    Real Estate and Travel
  • I searched the site and realize that most posts about this are very old. I'm looking for current opinions. I've read that people who get into IB through SEO generally get less respect from their peers. My questions are: 1. How do people even know if you got in through SEO or not? 2. Why...
    Question about SEO
  • Thoughts on this? Heister brings up a good question: <em>"Who else is going to the job? Which senior Goldman partner is planning on retiring and needs to shield millions in stock options from taxes?"</em> via Bloomberg: <strong>Obama Says Bernanke Has Been at Fed...
    Bye Bye Bernanke? Who Would Be Next?
  • So I've been thinking about looking into getting a part time internship at an AM firm at my college town during the fall semester to buff my resume up a little more for recruiting. My schedule isn't too tough, and I'd probably be able to do around 20-30 hours a week if I include...
    Part Time AM Internship
  • For those of you analysts that wear glasses or contacts... which of the two would you recommend? Forget about the way glasses look.... for the purposes of comfort and practicality, are one them easier on the eyes at 2am after staring at a screen for 10 hours? I'm afraid contacts might dry...
    Glasses or Contacts?
  • Did a pretty extensive search but there wasn't too much information out there. Can anyone provide some color on the pay/lifestyle/exit opps at internal strategy/M&A desks at BBs? It seems like at some banks, this desk is more of a back office role with very good hours but minimal...
    Internal strategy and M&A at a BB
  • Proposed Answer: The pay is atrocious, there is virtually no promotion potential, and the work is not challenging enough. Is this a good answer? If I was to give one answer, which one is...
    "What is the worst part of your job" interview question
  • So all new users to WSO get 6 free financial modeling lessons, 5 of my best tips for networking and my best tips for interviewing over the first month of being a user. Tonght I got a response from one of my networking tips e-mails from a slightly older gentleman that is a "financial...
    Why is this Quant so Angry and So Out of Touch?
  • Assume no CD experience pre-MBA. My thoughts are that working in CD requires making long-term investments (albeit strategic/operational, as opposed to financial), so it may force one to think like a long-term owner, a la value-oriented investing. If possible, how long should it take in CD...
    Post-MBA Corporate Development --> Fundamental/Value HF ... good path to try?
  • Does anyone have PE recruiting resources they'd be willing to share/ trade? I'm looking for modeling tests (with solutions) and have a few tests from top tier funds to trade in exchange. Any other recruiting resources would be appreciated as well. Please PM me....
    PE recruiting resources
  • Hi all - As i have been looking through this site, i have found their seems to be a lack on anything Australian. While that is understandable seeming as the industry is US focused, i thought i'd take the opportunity to try and develop a useful collection of tid-bits and facts by sharing...
    Answering Australian I-Banking Questions!
  • As summer rolls around, many folks leave the office a little earlier on Thursday or Friday nights to make it out for a cocktail event or weekend away from town. There will be a solid amount of extra-industry networking going on, to say the least. And by that I mean sloppy cocktail parties. But...
    Summer Cocktail Events - 5 Tips to Keep the Conversation Flowing
  • ...
    -
  • Hi everyone, I got admitted in the MSF programs at Olin and McCombs recently. Both B.schools are well recognized in their respective regions but I am very confused because of the following factors. Any suggestions will be highly appreciated. I would like to work in IB/ Asset Management. I...
    McCombs MSF or Olins MSF(corp track)
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Highest Ranked Content

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<em>Mod note: make sure to see the great comment below by CompBanker</em> I come from a small town where nobody had ever heard of consulting or IB. I was fortunate enough to attend a top target college (a good Ivy) and land a gig in IB at a BB/EB. I'm starting full time this...
Finance Culture - Personalities
<strong>Background</strong> I randomly discovered WSO nearly seven years ago just weeks after I secured a FT MM IB position. The website was extremely nascent at the time with only a few thousand registered users. The majority of the users were college students with only a handful...
How WSO has enhanced my IB/PE career
After over one year in the making, the <strong><a href="http://www.wallstreetoasis.com/2013-wso-compensation-report-full">2013 WSO Compensation Report</a></strong> is here! Access to the FULL 108 page 2013 WSO Compensation Report is <strong>100%...
2013 WSO Compensation Report has Arrived
Where do i even start..I learned so much from this forum. The brutally honest opinions, sincere willingness to help, the technical information and random tips on everything has been absolutely crucial for me landing this offer. Coming from a non-target I didnt get that 3rd year SA position at...
Thank you WSO! Got my FT Offer! ADVICE NEEDED
When I first started as a PE analyst, I constantly struggled with judging the amount of time I should spend on reviewing sourced deals. How much time is enough to really get a handle on the company’s revenue streams? How granular do I need my analysis to be on industry threats? With this...
Misguided Efforts: A Cautionary Tale
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
Many of the questions that have come in surround recruiting for front office Wall Street careers from a non-target so we’ll start with some ideas for recruiting, move on to interviewing, preparing for the job and finally long-term career management advice. Before we begin, it has been...
Stand Out as a Non-Target: Recruiting (Part 1 of 4)
Any Asset Management people here who could give me some insights on it, such as the nature of the work, the pay, the hours, the potential for career advancement, ect? I was looking into IB before but I've decided that I would rather pursue a career that's more intellectually...
Asset Management a better choice than Investment Banking?
<img src="//img.pandawhale.com/48721-Sexually-Oblivious-Female-Meme-Ze2w.png" alt="Sexually Oblivious Female Meme - Favorite Position? I would like to be a CEO.">
If you could be the richest person in the world with your dream job only as a public virgin forever would you do it?
<em>Mod Note: Blast from the Past - "Best of Eddie" - This one is from June 2011.</em> <em><strong><u>Freeriding</u> :</strong> The illegal activity of buying a stock and selling it before paying for the purchase.</em> - <a...
Come On and Take a Free Ride
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