mik82

Both sets were more difficult. At least last year- there were no taxes

mik82

Overall, I thought the 2009 was tougher, but there might be some increased knowledge bias in that. The 2010 AM was def. easier than 2009 in content, but more difficult from a time mgmt perspective. The afternoon I thought was about the same, maybe slightly easier, but less calculations than last year. In general, very few WTF moments (ala Wacc w/pension, Implied asset/liabilities, 2 bond hedge) as there were in '09.

I did notice the bigger picture more this year, when reading the questions,....like needing to incorporate the differences in duration for a life insurance IPS with a surplus and rising interest rates. That, imo, will catch a lot of candidates choosing the wrong answer.