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Passed level 2!
Left Band- NoneMiddle Band- FRA, Corp FinRight Band- Ethics, Quant, Econ, Equity, Fixed Income, Alternatives, Derivatives, Portfolio Management
Was band 10 last year! Keep pushing, @captainj
FML. Failed Level 1. Band 6. will be taking in December again.
Q# Topic Max Pts 70%
- Alternative Investments 10 - - *
- Corporate Finance 17 - * -
- Derivatives 12 * - -
- Economics 24 - * -
- Equity Investments 24 - * -
- Ethical & Professional Standards 36 - * -
- Financial Reporting & Analysis 48 * - -
- Fixed Income Investments 24 * - -
- Portfolio Management 17 - - *
- Quantitative Methods 28 * - -
Passed Level 2!! I'm surprised based on my score bands though:Less than 50%: Alt. Investments & QuantHigher than 70%: Economics & Portfolio Management 50-70%: Everything Else300Hours estimates my score at 60%, with a max at 68.3% and a minimum at 53.3%. I don't think I got a 68%, because I didn't think I scored perfect 100% on economics or portfolio management, although if I got lucky on the one or two questions I made educated guesses on, then maybe it's possible. I do think I scored near the top of the middle band on equity and accounting. I was very surprised to see my ethics score in the middle band, I must have been only one question from 70+% there. But that's important, because it has implications for guessing the MPS this year, because my middle-band ethics score indicates I didn't pass simply because of an "ethics adjustment." I think my barely-passed result here is an important piece of data. I was also surprised to see less than 50% on quant, because I figured I got about 65% of those right. I must have been near the top of that band. I think we can safely conclude the Level 2 MPS was less than 68.3% this year. It must have been somewhere in the mid to low 60's. Interesting stuff. I'm just glad I escaped with a passing score. I'll need to step my game up one more notch for Level 3.I was a Band 6 fail last year on Level 2, so don't give up! I did spend a little more time studying this year, but I think the most important point was how I studied. I am a CPA working in a tax consulting role with seasonal spikes in workload, so my work schedule during spring (70-80 hours a week) really makes studying for these exams very difficult. As a result, I have to do more with less time and less energy. The most effective use of time for me is to skim the chapters and/or their summaries, and then just go right to work on practice questions from the Schweser Q-bank, and dig back into the curriculum for areas that are weak points in my question answering. I would honestly love to spend more time reading the curriculum, but given that goal is to pass the exams and January-May is a brutal time for me professionally, I have to do what it takes to pass- in this case, about 2,000 practice questions. I'm not saying you shouldn't read the curriculum, but you must leave time for a lot of practice questions. On exam day, you won't be reading or watching videos, but answering hundreds of questions...so during your preparation for exam day, answer thousands of questions. "Every real racer knows, it doesn't matter whether you win by an inch or a mile- a win is a win." -Dominick Toretto in "The Fast & The Furious" (extremely corny, but true lol)
Passed level 1.
Scores: Everything but Derivatives was higher than 70%. Derivatives 50-70%.
Not too shabby for someone that:
1) is married with a toddler and another baby due any day now
2) had a demanding job
3) got a new job right before the exam and couldn't take any time off
4) had a house on the market from February through May, built a house
45 minutes to an hour a day really does add up.