CFA® 2014 results

Pass or not?

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55 Comments
 

Level 2 Pass, Round 1
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 18 - - * - portfolio management 36 - - * - Quantitative Methods 18 - - *

 

I've seen a band 9 fail that looks a lot better than mine.. leading me to believe they failed me because my ethics was below a 50.. really sketched out

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 18 - * -
  • portfolio management 36 - * -
  • Quantitative Methods 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: 10

 
Best Response

Level 2 Pass!!

Congratulations! We are very pleased to inform you that you passed the June 2014 Level II CFA exam. 46% of candidates passed the June 2014 Level II CFA exam.

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 18 - - * - portfolio management 36 - * - - Quantitative Methods 18 - - *

Amen

DC
 

Failed Level 2 for the second time. Band 10 FUCK

>70% Alternative Investments corporate finance Equity Investments Financial Reporting & Analysis Fixed Income Investments

51%-70% Derivatives Ethical & Professional Standards

=50% Economics portfolio management Quantitative Methods

"Some things are believed because they are demonstrably true. But many other things are believed simply because they have been asserted repeatedly—and repetition has been accepted as a substitute for evidence." - Thomas Sowell
 

White collar, I wonder who was closer between us? I feel like if I went 7/12 in Ethics I was going to be put through... Its remarkable I scored higher in port mgt and Derivs than I did in ethics.. Switch my ethics score with my derivatives score and I probably go through.. which is ridiculous..

I saw a band 9 fail that it was easy to calculate his worst possible score.. he only failed AI and FI.. meaning assuming minimum of the rest of his ranges

Alt 0 6 0.0% Corp 7 12 58.3% Deriv 9 12 75.0% Econ 4 6 66.7% Equity 17 24 70.8% Ethics 9 12 75.0% FRA 17 24 70.8% FI 0 6 0.0% PM 9 12 75.0% Quant 4 6 66.7% Total 76 120 63.3%

Mind boggling he was band 9 I was band 10... just means I must have been in higher portions of my ranges and they screwed me cause of ethics

 

Failed Level 1 Band 7

"If you want to succeed in this life, you need to understand that duty comes before rights and that responsibility precedes opportunity."
 

Level 2- pass. One and done

I'm on the pursuit of happiness and I know everything that shine ain't always gonna be gold. I'll be fine once I get it
 

passed L1 with 2 weeks of studying

I thank the gods for going easy on me. Will NOT procrastinate on lvl 2. Might even re-study lvl 1 just in case.

 

There is no shame whatsoever on struggling with L2. It's a much tougher exam than L1. The problem with L2 is that CFAI is now interacting 3-4 different concepts per question (because of the vignette format) and testing the nuances of all of them. I could go further and share a bunch of IP koolaid about how CFAI defines knowledge for L2, but I am not looking to pick a fight on the exam in this thread.

Remember that the L2 exam averages about a 40% pass rate. The average candidate will take the exam 2.5 times before passing.

 

For the folks that passed how many are looking to use this as a springboard to make some moves?

Last year after passing L1 I got some looks for investing roles. Interested to see how everyone fares with their endeavors.

I'm on the pursuit of happiness and I know everything that shine ain't always gonna be gold. I'll be fine once I get it
 

L1 pass. Not quite sure I want to go on to L2.

CNBC sucks "This financial crisis is worse than a divorce. I've lost all my money, but the wife is still here." - Client after getting blown up
 

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