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Band 10 and scored 70% Ethics and they Failed me
Anyone else end up in Band 10 with a strong score in Ethics? Following are my results. I still can’t get over not passing. There is no recourse (tabulation is not regrading, but I forked over the $100). Also, came across this on CFA site:
What is the “ethics adjustment”?
The Board of Governors instituted a policy many years ago to place particular emphasis on ethics. Starting with the 1996 exams, the performance on the ethics section became a factor in the pass/fail decision for candidates whose total scores bordered the minimum passing score. The ethics adjustment can have a positive or negative impact on these candidates’ final results.
I just can’t reconcile how I failed other than getting a 0 on Fixed Income in the afternoon. Here are my results:
Level 3: 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 70%
1 Portfolio Management - Individual 26 - * -
2 Portfolio Management - Individual 9 * - -
3 Portfolio Management - Institutional 24 - * -
4 Portfolio Management - Institutional 11 - - *
5 Economics 19 - * -
6 Portfolio Management - Asset Allocation 10 - - *
7 Equity Investments 17 - - *
8 Alternative Investments 15 * - -
9 Portfolio Management - Risk Management 16 - - *
10 Portfolio Management - Monitor&Rebalance 15 - * -
11 Portfolio Management – Performance Eval. 18 - - *
Item Set Q# Topic Max Pts 70%
- Derivatives 18 - * -
- Economics 18 - - *
- Equity Investments 36 - - *
- Ethical & Professional Standards 36 - - *
- Fixed Income Investments 36 * - -
- Portfolio Management 18 - - *
- Portfolio Management - Individual 18 - - *
We have divided the full group of failed candidates into ten approximately equal score bands. Your score band below shows how your overall score on the exam compares with all other failed candidates.
For example, if your reported score band is 1, you scored in approximately the bottom 10% of failed candidates. If your reported score band is 2, your score was within the next band width ranging from approximately the bottom 11% to 20% of failed candidates. If your score band is reported as 10, you scored in the top 10% of all failed candidates.
Performance band of your overall score among all candidates who failed the exam: 10 |
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