Life after Band 10 Fail effort, only, studying, feeling, putting

draz

So started studying from mid December and Failed band 10 ...one the most miserable feeling ever after putting in so much effort i know where i went wrong (failed Ethics) and i know that i will Gtd pass next year ...I guess only time will heal the pain of those who had put in th effort yet failed in the meantime im considerng taking up CMA and giving the entrance exam for it i only need 5 more course(advanced financial,taxation and MIS) to be able to write the CMA entrance exam ...what are all the else of you going to be doing ...

P.S Im from Toronto if any one wants to make a study group more then welcome get in touch at qureshq@gmail.com

Iginla2011

got only 2 in less than 50 ,ethics and Quants, failed band 10, ethics got me I guess.
But u kno its really easy to go thru the materials 2nd time, im sure we'll pass next year, so cheer up. I have worked with analysts with only bachelor degrees but still there pridictions of the year end stocks VALUE were dead on, so I dont think 2 be a good analyst u have b a CFA.

bcp901

Band 10 me too...I don't think CFA is impossible...few guesses didn't go my way...not a sensible thing to say when a year has been wasted...but 4 days gone by and people around me think that I have passed L2...coz I am not giving up.

willsucceed

Last year I was a band 10 level 2 fail after preparing really hard. These were my results!

Alternative Investments 18 -*-
- Corporate Finance 36 *--
- Derivatives 36 --*
- Economics 18 -*-
- Equity Investments 72 --*
- Ethical & Professional Standards 36 *--
- Financial Reporting & Analysis 72 -*-
- Fixed Income Investments 36 --*
- Portfolio Management 18 --*
- Quantitative Methods 18 --*

Don't ever underestimate ethics!!

I passed this year however.

defour44

Hey man , it really means very little to your career. I m in Finance field and m sure to tell you so. Taking CFA just shows your interest in the field. Getting the charter does not make you a better Analyst.

morebeans

Having just failed L2 for the second time (both were band 10 fails) I'm not sure what to do. I feel like giving up, however, I was very close to passing on both attempts. The test changes so much year-to-year, outside of the core topics, so I could easily study my a$$ off next year with the same result.

What would you guys do? Has anyone out there failed with a band 10 twice? I feel like I'm an annomaly - a really bad one at that.

I'm thinking of having my results retabulated for mental but I know that is merely a waste of $100. Has anyone ever heard of this working?

My results are listed below and, frankly, based upon my results I would have thought that I would've done much worse than a 10 band. My grid last year displayed a much, much stronger breakdown outisde of FRA which was under 50% (I must've bombed FRA for last year to be a fail).

- Alternative Investments 18 - * -
- Corporate Finance 36 * - -
- Derivatives 36 * - -
- Economics 18 * - -
- Equity Investments 72 - * -
- Ethical & Professional Standards 36 - * -
- Financial Reporting & Analysis 72 - - *
- Fixed Income Investments 36 - * -
- Portfolio Management 18 - - *
- Quantitative Methods 18 - * -

giants2010

@Rlee110,
Band 10 means you almost there.
Ethics,FRA, Equity, Derivatives, AI, FI focus on these next around. I am sure you will in 2012.
I did not prepare for Quants, Economics. Just flat out guessed them. Still passed.

profil

@MissCleo and TraderAnalyst -
Your moms cried? That's so sad! Wow, if my mom cried because of me, I would feel devastated as well. I understand your feelings.

And MissCleo, I saw your posts in the other thread about shooting yourself etc. - don't worry, we will all pass level 2 in 2012 So, don't give up. There's a reason why, even if you become a charterholder, the words 'CFA' appear AFTER your name - YOU are more important. YOUR LIFE is more important than the CFA designation - this is just an exam. I mean, it's about that one day. Things could go bad that day; maybe you have a headache, maybe you were sleepy, maybe it just wasn't your day! How can your performance tested in a few hours decide your survival? Some 50 years down the line, you won't even care about the designation, most probably. And reading some inspiring posts by others, who passed on their 4th and 6th attempts, you just cannot give up. Good luck!

bolligerallstar

Traderanalyst Wrote:
-------------------------------------------------------
> Yeh now i wish i had not spread the word of this
> exam as my whole extended family are sending me
> condolensces @#$%& hate my life rite now


You'll just have to deal with it for another month or so, then it will go away. With that said now, since you were band 10 and probably missed out by a couple of questions, you should really hit it hard in the fall to maximize your advantage, don't take it too easy in the fall.

meghanjackson

My two cents.

I failed Band 10 last year. I felt like a caged beast.

I remember retakers saying that studying for level II the second time is much easier... but all i could think about was reviewing all that material over again....

It's tough at first to mentally get back into it, but they were right, going over the material for the second time is a lot easier, once you start to get into it, and slowly build momentum. A retaker who seriously prepared the first time is now a battle hardend veteran... you are hundreds of hours ahead of those fresh from level I. You are much more likely to survive the next Level II battle, given the experience you have. And remember, CFA is a war. One cannot be strong in all areas, nor expect to win every battle. It is not the beginning that matters but the end.

Enjoy the rest of the summer, then back to training.