Wednesday, January 26, 2011

A Productive Day...but not CFA productive

BMO Mining 101 Workshop - 8:00 a.m. - 4:00 p.m.
Read lots of company reports
Phone interview which went OK I guess.

CFA? Not at all... unfortunately...

Tuesday, January 25, 2011

I failed the Level I

Wow, I was totally not expecting this, but I failed the December 2010 CFA Level I exam! Not that I was really expecting myself to pass or anything since I got to admit that I didn't put in that much efforts into studying until the last few weeks before the exam, but still the fact that I failed it makes it so much more official of my failure.

From the email I got this morning:

I sincerely regret to inform you that you did not pass the December 2010 Level I CFA exam. Your detailed exam results, including a matrix highlighting your strengths and weaknesses, are in the table below. 36% of candidates passed the December 2010 Level I CFA exam. Please note that many candidates return to pass the CFA exams with additional preparation and time.

The three columns on the right are marked with asterisks to indicate your performance on each topic area.

Multiple Choice
Q# Topic Max Pts <=50% 51%-70% >70%
- Alternative Investments 8 - - *
- Corporate Finance 20 - - *
- Derivatives 12 - * -
- Economics 24 - * -
- Equity Investments 24 - * -
- Ethical & Professional Standards 36 - * -
- Financial Reporting & Analysis 48 - * -
- Fixed Income Investments 28 - - *
- Portfolio Management 12 - - *
- Quantitative Methods 28 - * -

We have divided the full 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 all other failed candidates.

Your score band: 10
For example, if the reported score band is 1, you scored in approximately the bottom 10% of candidates who did not pass. If the 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 candidates who did not pass.

So, at least, I was the top 10% of all those who FAILED! Another way to look at is that I was close to the passing line but didn't quite make it. THIS SUCKS!