how was the exam

Miss cleo,
how do we prepare for the ethics questions.
Is the ethics book enough to read through the examples?
can eassy be anything calculations and non-calculations
 
The nerves are really setting in now — 6 days to go for me. Last year the pass/fail results were ready on the website exactly one month from the closing of Level II. If that holds the same we should get our pass/fail info on April 16th.
 
Yeah but last year they did it on a Sunday, I’d say the 17th is more likely
 
Its down the last week for me - just want to get this thing over with. For whatever its worth, the Lattice Tree questions are just plain obnoxious…i dont see the value in these
 
I agree with you — you are talking about the convert arbitrage binomial trees, right?
 
Folks who have already sat for the exam, was time an issue at all?
 
Wrote this morning. The first part (100 questions) was nasty. DO NOT DODDLE - GO FAST!!
Lots of deep drilling questions. You won’t have time to review many - answer and move on.
I actually found the “essay” part was the easier part. BTW: its not really essay, mine was a whole bunch of questions that you have to draft individual written answers to. All were just one to two sentences answers.
Good luck!
 
Took it on Friday. Time was not an issue for me, finished the entire exam in just over 2 hours. I tend to move fast though.
Overall I thought it was a fair test. A few out of left field questions, but overall if you put the time in studying you should do fine.
 
Congrats the The.Unit.Root, but seeing as how you got a flawless on Level I, and already have a CFA, I figured you would f*&%$ up the curve for us normal folks. Did you find any overlap between the CFA III and CAIA that was helpful?
 
There was definite overlap between CFA and CAIA. Without saying too much, I don’t think I would have gotten one of the essays without the CFA background as it was a fairly minor LOS in the CAIA curriculm.
Specifically between CFA L3 and CAIA L2, I didn’t notice a lot of overlap. The biggest overlaps come from the CFA L2 with the MBS, CMO, and structured products. You also learn about binomial trees in CFA L2. Obviously ethics overlaps directly. Though the CFA ethics are much more tricky.
CAIA L1 I thought was too easy, I thought they tried to make harder by making you memorize all of those stats on skew etc that really isn’t anything other than rote memorization. CAIA L2 I thought was easier than CFA L2 and L3 (but not by much) and definitely harder than CFA L1. I thought they made CAIA L2 easier than it could have been, which is why I said overall it was pretty fair.
 
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