Lvl 3 result from a failed candidate. Where did it go wrong?...

cfa10yrplan

My afternoon result is not bad, so I guess I have done good study.
Morning result is not as worse as some of the passed candidate.

So where did it go wrong?.... How can I improve it?


Level III: FAIL
The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area.
Essay
Q# Topic Max Pts <=50% 51%-70% >70%
1 Portfolio Management - Individual 35 * - -
2 Portfolio Management - Institutional 25 - * -
3 Portfolio Management - Institutional 24 * - -
4 Economics 14 - - *
5 Portfolio Management - Asset Allocation 15 - * -
6 Fixed Income Investments 18 * - -
7 Portfolio Management - Risk Management 20 * - -
8 Portfolio Management - Monitor&Rebalance 17 - - *
9 Portfolio Management – Performance Eval. 12 - * -
Item Set
Q# Topic Max Pts <=50% 51%-70% >70%
- Alternative Investments 18 - - *
- Equity Investments 36 - - *
- Ethical & Professional Standards 36 - - *
- Fixed Income Investments 36 - - *
- Portfolio Management 18 - * -
- Portfolio Management - Individual 18 * - -

mar350

I think it was the individual IPS and institutional IPS that killed you, because this two together contribute over 30% of points in the morning session.

Perhaps if you change a bit your exam technique, you can kill it next time.

If you are not sure about the required return calculation, don't spend too much time on it (actually, this year's required return calculation only accounts for 7 marks). Spend more time on time horizon, risk tolerance,..etc which are easier to get marks.

For institutional IPS, read the past AM paper guideline answer over and over again. reading CFA textbook is also important. Schweser is weak on the IPS part.

ohai

Thanks, B_C