Band 10 Fail?! What does it feel like?

iamMichael

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Anyone can describe how the felt when then wrote the test? Confident, and then failed?..
 
There have been threads written in this forum on that exact subject.
#SearchEh???
 
2015 BAND FAIL
Well, even though you appear as a knucklehead based on your comments on other threads, let me help you here. I failed BAND 10 last year.
I was confident coming out of the exam…. the confidence faded as days passed; as I forgot what was actually tested.. (many will feel the same the first week of August).
I thought I did well in the AM (results proved otherwise - see below).. I thought PM was hard… basically because I was looking to hit a 48/60.. I ended up estimating a score of 42/60 - and if you look at my results below, the actual score ranged 39-44.
Looking at how others (who passed borderline) performed, I think Ethics failed me completely.. probably ended up with a 2/12.. it was my mistake though, I didn’t study for Ethics last year, I thought it would be a breeze because I had done well in Levels I and II… I PAID for it..
2016 FEELINGS
Ironically, I have the same feelings this year.. AM was good (expecting to score way much better than last year) … PM was harder than 2015’s.. I came prepared to handle Ethics.. to hit the 48/60 mark, but CFAI surprised me by using 1 or 2 subjective question(s) on each item set.. I know I will do much better in Ethics, but I dont think I will maintain the last year scores in other areas… That nets-off back to 38-44.. Assuming the MPS will be as last year’s, I should PASS… But I must say, CFAI has humbled me over time… I did my preps wisely.. to keep a promise to myself - to give CFAI a middle finger - I hope I did it…
Essay
Q# Topic Max Pts <=50% 51%-70% >70%
1 Portfolio Management - Institutional 14 - - *
2 Portfolio Management - Institutional 17 - * -
3 Fixed Income Investments 19 * - -
4 Alternative Investments 20 * - -
5 Portfolio Management - Performance Eval. 15 - - *
6 Portfolio Management - Risk Management 14 - * -
7 Portfolio Management - Individual 18 * - -
8 Portfolio Management - Individual 16 * - -
9 Portfolio Management - Asset Allocation 15 * - -
10 Economics 14 * - -
11 Portfolio Management - Indiv/Behavioral 18 - * -
Item Set
Q# Topic Max Pts <=50% 51%-70% >70%
- Economics 18 - - *
- Equity Investments 18 - - *
- Ethical & Professional Standards 36 * - -
- Fixed Income Investments 18 - - *
- Portfolio Management 18 - * -
- Portfolio Management - Individual 18 - - *
- Portfolio Management - Monitor&Rebalance 18 - - *
- Portfolio Management - Risk Management 36 - - *
 
hashtag wrote:
There have been threads written in this forum on that exact subject.
#SearchEh???
Hashtag, that’s the 2nd Eh stab for a Canadian. I suggest to mix up your Canadian sterotype jokes by adding poutine (fries, sauce and cheese. Fantastic), hockey, beaver or eskimo sterotypes.
 
Chizi wrote:
2015 BAND FAIL
I have the feeling you’ll nail it this time. To be honest, I’d rather fail band 1 than getting a band 10. Band 10 is the worst failing band of all …
 
mfrasc- while visiting my friend in Canada, we went to a fight and a hockey game broke out.
#truestory
 
Band 10 Fail 2015. It sucks for sure. It is frustrating being that close and failing but let’s face facts, it’s better to get Band 10 than anything lower if you plan to take it again. I was trying to be optimistic last year, but truth be told, honestly was surprised I got Band 10 becasue I felt like I stunk it up.
Breezed thru L1 and L2 so was a pretty humbling experience. Feel better about 2016 by far relative to 2015 so, in theory, should be a pass. But, as we all know, you never know when it comes to CFAI results. I know hashtag is rooting for me to pass because he told me so I have that going.
 
Chizi wrote:
2015 BAND FAIL
Well, even though you appear as a knucklehead based on your comments on other threads, let me help you here. I failed BAND 10 last year.
I was confident coming out of the exam…. the confidence faded as days passed; as I forgot what was actually tested.. (many will feel the same the first week of August).
I thought I did well in the AM (results proved otherwise - see below).. I thought PM was hard… basically because I was looking to hit a 48/60.. I ended up estimating a score of 42/60 - and if you look at my results below, the actual score ranged 39-44.
Looking at how others (who passed borderline) performed, I think Ethics failed me completely.. probably ended up with a 2/12.. it was my mistake though, I didn’t study for Ethics last year, I thought it would be a breeze because I had done well in Levels I and II… I PAID for it..
2016 FEELINGS
Ironically, I have the same feelings this year.. AM was good (expecting to score way much better than last year) … PM was harder than 2015’s.. I came prepared to handle Ethics.. to hit the 48/60 mark, but CFAI surprised me by using 1 or 2 subjective question(s) on each item set.. I know I will do much better in Ethics, but I dont think I will maintain the last year scores in other areas… That nets-off back to 38-44.. Assuming the MPS will be as last year’s, I should PASS… But I must say, CFAI has humbled me over time… I did my preps wisely.. to keep a promise to myself - to give CFAI a middle finger - I hope I did it…
Essay
Q# Topic Max Pts <=50% 51%-70% >70%
1 Portfolio Management - Institutional 14 - - *
2 Portfolio Management - Institutional 17 - * -
3 Fixed Income Investments 19 * - -
4 Alternative Investments 20 * - -
5 Portfolio Management - Performance Eval. 15 - - *
6 Portfolio Management - Risk Management 14 - * -
7 Portfolio Management - Individual 18 * - -
8 Portfolio Management - Individual 16 * - -
9 Portfolio Management - Asset Allocation 15 * - -
10 Economics 14 * - -
11 Portfolio Management - Indiv/Behavioral 18 - * -
Item Set
Q# Topic Max Pts <=50% 51%-70% >70%
- Economics 18 - - *
- Equity Investments 18 - - *
- Ethical & Professional Standards 36 * - -
- Fixed Income Investments 18 - - *
- Portfolio Management 18 - * -
- Portfolio Management - Individual 18 - - *
- Portfolio Management - Monitor&Rebalance 18 - - *
- Portfolio Management - Risk Management 36 - - *
Ethics would have passed you and I am sure you did fine this time.
Were you able to finish the exam last year?
 
Topperharley wrote:
…let’s face facts, it’s better to get Band 10 than anything lower if you plan to take it again.
I disagree. I failed L2 band 4 the first time. What that told me was that I’d completely failed to prepare adequately. I turned it up and passed the second time. A band 10 fail, to me, would be difficult - where did I really go wrong?
 
qhaydenk wrote:
Topperharley wrote:
…let’s face facts, it’s better to get Band 10 than anything lower if you plan to take it again.
I disagree. I failed L2 band 4 the first time. What that told me was that I’d completely failed to prepare adequately. I turned it up and passed the second time. A band 10 fail, to me, would be difficult - where did I really go wrong?
I see your point, but for me I was just left thinking, ‘wow, I can perform that bad and still get band 10’, so it gave me encouragement for this year. But…to be honest, it gave me so much encouragement that I hardly studied this year. Nevertheless, still feel good about outcome. But, who knows, maybe I did worse this year than last. Don’t think so but never know till results day.
 
This was my Band 9. Pretty sure I had passed too. An analogy would be it was like getting a ** from Alison Brie, only for her to bite your **** off at the end.
Essay
Q# Topic Max Pts <=50% 51%-70% >70%
1 Portfolio Management - Institutional 14 - - *
2 Portfolio Management - Institutional 17 - * -
3 Fixed Income Investments 19 - * -
4 Alternative Investments 20 * - -
5 Portfolio Management - Performance Eval. 15 - * -
6 Portfolio Management - Risk Management 14 - * -
7 Portfolio Management - Individual 18 * - -
8 Portfolio Management - Individual 16 * - -
9 Portfolio Management - Asset Allocation 15 * - -
10 Economics 14 * - -
11 Portfolio Management - Indiv/Behavioral 18 * - -
Item Set
Q# Topic Max Pts <=50% 51%-70% >70%
- Economics 18 - - *
- Equity Investments 18 - - *
- Ethical & Professional Standards 36 * - -
- Fixed Income Investments 18 - - *
- Portfolio Management 18 - * -
- Portfolio Management - Individual 18 - * -
- Portfolio Management - Monitor&Rebalance 18 - * -
- Portfolio Management - Risk Management 36 - - *
 
&#8230;. wrote:
I feel like i should of failed…but i pulled it through somehow…my morning session was a disaster even tho i felt like i did better….somehow afternoon session saved me and i thought i did worse….
Essay
Q#
Topic
Max Pts
<=50%
51%-70%
>70%
1
Portfolio Management - Institutional
14
*
-
-
2
Portfolio Management - Institutional
17
*
-
-
3
Fixed Income Investments
19
*
-
-
4
Alternative Investments
20
*
-
-
5
Portfolio Management - Performance Eval.
15
-
*
-
6
Portfolio Management - Risk Management
14
-
*
-
7
Portfolio Management - Individual
18
*
-
-
8
Portfolio Management - Individual
16
-
-
*
9
Portfolio Management - Asset Allocation
15
*
-
-
10
Economics
14
*
-
-
11
Portfolio Management - Indiv/Behavioral
18
-
-
*
Item Set
Q#
Topic
Max Pts
<=50%
51%-70%
>70%
-
Economics
18
-
-
*
-
Equity Investments
18
-
-
*
-
Ethical & Professional Standards
36
*
-
-
-
Fixed Income Investments
18
-
-
*
-
Portfolio Management
18
-
-
*
-
Portfolio Management - Individual
18
-
-
*
-
Portfolio Management - Monitor&Rebalance
18
-
-
*
-
Portfolio Management - Risk Management
36
-
-
*
To get the discussion back on track, here is another pass from last year that makes me feel a little better about my chances
 
TreeFiddy350 wrote:
Didn’t you say you rushed out of the PM session to catch the Belmont Stakes?
Yes, true story! Wish they’d have had the ‘no leaving early’ policy in place last year! I’d have re-checked my answers and possibly passed.
 
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