Failing Level 1

BaseballRedhawks wrote:
I scored a Band 9.
I failed Economics and Fixed Income.
Middle for Corporate Finance, Derivatives, Financial Reporting and Analysts, and Quant.
I had above 70 in Alternatives, Equity, Ethics, and Portfolio Management.
How close was I to passing? If I had scored middle for Econ and Fixed Income would I have passed?
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Some may quibble with this method, but you can try the 40/60/80 method which means you apply a 40% to a topic you scored below 50% in; 60% for the 51-70 score range and an 80% for the greater than 70% range.
Going off what you posted, your approximate score was 62.3%. It’s been estimated in the past that the Minimum Passing Score has been between 64% and 68%.
If you scored in the 51-70 range on Econ and Fixed Income, your *estimated* score would be 66.7% which is probably right on the edge of passing and failing.
Just my two cents, but Fixed Income is probably one of the easier topics in Level 1 so failing it really hurt you. I don’t think its a terribly difficult topic to grasp if you put the time in, whereas economics and quant methods can take a good deal more effort in comparison. Also, FRA is a very important topic and you should shoot for getting above 70% in. If you work your way to the +70% range in both FRA and Fixed Income you’ll very likely clear Level 1 holding other topic performance constant.
 
First of all I’m sorry for your failure. It’s never nice to receive that result; even if you’re expecting it. However, you said it yourself that you treated this exam like the first 3 months of college - no wonder you failed! I’m pretty sure if this is the case then if you actually were to study your butt off (like everyone else who passed) then you’d nail it in December.
And FYI I was a Band 10 in December so I get what you’re going through, but that gives you no excuse whatsoever to target the Asian community. Get a grip of yourself.
Put your head down for the 3 months leading up to your resit (like I did) and pass the damn thing rather than moaning about it.
 
Kravnos007CFA wrote:
No one knows the answer.
However, I know if the pass rate is at 10 percent for United States and test score is broken down by country and race, letters will be sent to the Obama administration stating that things will have to change in this country. For example, LESS KILLING OTHERS AND FIGHTING UNNECCESARY WARS AND MORE INVESTMENT IN THE FUTURE OF EDUCATION.
Everyone deserve good quality education instead of only the rich here in United States. All school will use the same standard and go through intensive math and science training instead of liberal arts BS that we have to study.
The place that I live in…Kids do not even know what 1 + 1 is.. How do you expect them to compete? You do not see this problem in China.
Conclusion is that it will only make this place better.
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38% Americans can’t point out America on a world map.
^_^
 
Kravnos guy hijacked your thread badly.
But - to his point, yes, per person Luxembourg or Norway or Singapore are the wealthiest countries.
As far as TOTAL wealth, USA has them all beat by a mile due to sheer size.
I wouldn’t want to live in (Beijing, Shanghai) China because I wouldn’t want my kids to die by the time they are 50 due to the horrific air quality.
Japan was wonderful though, such nice people and such a modern country (more so than the US). Now if they could just get their debt under control! lol
 
Kravnos007CFA wrote:
I-will-pass wrote: The required math level too me was surprisingly low. If anything an US student should be far better due to language and exposure to GAAP free markets etc. A chinese friend of mine explained it with the higher level of dedIcation, the higher valuation of education and the willingness to sacrifice and zone in. In his words: we know how to study hard and take tests. Not sure this is true but it sounded like one good reason.
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Yes Chinese people are dedicated , work hard, and study hard.
Some americans are like that too.. However, without basic training when you are young, it is harder to have that mentality.
LIke i said, I did not have to know much about differential equation till I am in College.. The kids I met from China already learned that in high school… So in a way, we are disadvantaged if we went through the entire schooling system here… and with CFA tests, the obvious gets revealed.
with FASB and IAASB converging, the different between GAAP and IFRS will diminish with time.
Cheers
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I dont mind repeating myself but where the heck did you need differential equation for level 1???? I passed and I really suck in that field.
 
Try and work hard and dont blame chinese or any other race.
Maybe u got everything on platter/loans thatsb why u dont want to work hard
Wake up
 
Well .. I failed as well … I did start farely late but I really put a lot of effort in it, especially the last few weeks …
I won’t go into details about what scores I achived because it’s simply not relevant for the story. The main point of this story is that I am really pi**ed because I used Stalla mobile app planer - it planned the wrong things, it wasn’t thourogh and detailed enough … yes, this is also an “excuse” but I really thought that it would help me …
at the end of the day, it’s not wrong to use an app planner - it really helps a candidate in organizing the looong studies, it helps the candidate stay on track and keep its discipline .. it’s certainly not a cliche, it does help … but, I spend a lot of time on setting the Stalla mobile app … it doesn’t have the neccesary functions I needed …
On the other hand - right at the end of the study period, at the end of May, I discovered the TimePrep app .. it’s intuitive, it’s got the Schweser materials that I actually use … BUT, it was too late and I couldn’t switch then ..
So, for me .. quiting is not an option for me … I will pass the exam in Decemeber for sure! And that’s what I would recommend to everybody - don’t quit, don’t give up, just stay focused and don’t lose time on unneccessary things!
 
HarryHayes wrote:
Well .. I failed as well … I did start farely late but I really put a lot of effort in it, especially the last few weeks …
I won’t go into details about what scores I achived because it’s simply not relevant for the story. The main point of this story is that I am really pi**ed because I used Stalla mobile app planer - it planned the wrong things, it wasn’t thourogh and detailed enough … yes, this is also an “excuse” but I really thought that it would help me …
at the end of the day, it’s not wrong to use an app planner - it really helps a candidate in organizing the looong studies, it helps the candidate stay on track and keep its discipline .. it’s certainly not a cliche, it does help … but, I spend a lot of time on setting the Stalla mobile app … it doesn’t have the neccesary functions I needed …
On the other hand - right at the end of the study period, at the end of May, I discovered the TimePrep app .. it’s intuitive, it’s got the Schweser materials that I actually use … BUT, it was too late and I couldn’t switch then ..
So, for me .. quiting is not an option for me … I will pass the exam in Decemeber for sure! And that’s what I would recommend to everybody - don’t quit, don’t give up, just stay focused and don’t lose time on unneccessary things!
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Just make your own study plan ahead of time. Get schweser, and hit the books. Then hit the CFAI books and all their EOC questions, repeatedly.
Don’t rely on a 3rd party app for keeping you on track and don’t blame them. “it planned the wrong things” - how about ”I didn’t study hard enough - my fault and my fault alone”.
When I failed Level II, I said “I deserved to fail, I must not have studied hard enough”. I did not fault schweser or some other app planner. Hell I don’t even know what an app planner is.
 
PistolPt wrote:
Just make your own study plan ahead of time. Get schweser, and hit the books. Then hit the CFAI books and all their EOC questions, repeatedly.
Don’t rely on a 3rd party app for keeping you on track and don’t blame them. “it planned the wrong things” - how about ”I didn’t study hard enough - my fault and my fault alone”.
When I failed Level II, I said “I deserved to fail, I must not have studied hard enough”. I did not fault schweser or some other app planner. Hell I don’t even know what an app planner is.
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Well, I know .. that’s what I thought as well … don’t rely on anything but yourself … but, then my friend suggested this TimePrep, I gave it a try, and it’s somehow different and easy .. yeah, I know that I can use pen-and-paper and then organize, cross things out and fill things in … but, this app is constantly with me on my iphone and I can always see my progress …
So, I get what you’re saying, but I still think that it’s not that bad … yes, a couple of dozen hours would’ve helped as well, but the fact that I used that stalla crap-app is the main reason ..
 
Perfectly rational thread gets hijacked by racists. Awesome. Don’t blame the Chinese on your lack of dedication.
 
HarryHayes wrote:
the fact that I used that stalla crap-app is the main reason ..
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“It’s not my fault - it was the app! The app made me not study hard enough!”
lol.
 
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