90% chance of passing CFA increase, employees, understand, benefit

bigredhockey55

It has been claimed that 9 out of 10 students who effectively use group discussions to prepare for their exam pass that level.

I'm resitting level 2 exam but want to better understand material to increase my chances of passing. One way i have been advised to do that is through group discussions. What is your take on group discussions and how as a group can CFA candidates help each other through discussions? I think the challenges to effectively benefit are if members are full time employees and when members are not studying the material in sync like when one was in college or high school. Do members discuss topic by topic or do they all list topics that were difficult per subject then discuss them progressively?

Has anyone used study groups to great effect and benefited from them? What is the mode of operation?

sameeragarwal

so thats with in two standard deviations, which means the fail to reject the hypothesis



Edited 1 time(s). Last edit at Wednesday, November 3, 2010 at 11:47PM by lzen5.

OmarAdnan

Thanks Lostless! This is the kind of advise I was soliciting unlike most contributors to this forum who are lost in the mundane.

RepoToronto

The only percentages I pay attention to are those released by CFAI itself. The one that sticks in my head is the 39% pass rate from last June, the second-lowest ever for L2. Pass rates like this are the only guideposts you need to understand how tough the exam will be.

brainsX

It is an absolute fact that 9 out 10 people that participate in group discussions pass the CFA exam more than 30% of the time.

MiniMe7

I passed all three level the first time with no study groups or even peers/mentors for discussion. I looked into forming a study several times but after meeting potential study partners I came to the same conclusion that the vast majority of people have no concept of how to prepare for a major exam or approach the topics.

They end of moving from topic to topic like blubbering idiots and there is no informed discussion. Sadly most of them failed so it was probably best I did not study with them.

Pick your partners carefully. People are generally stupid. Harsh but true.

Newhuman

I used a study buddy (not so much a group) for all three levels and found it to be helpful. We generally picked areas that either one of us was weak on and we would discuss it. If it was an area I was strong with, talking through it helped better understand the topic as I had to articulate it and if it was an area I was weak with, it helped me better understand it as I got a different perspective on the topic. If you have the time go for it.

bdavi77962

not surprised, people who put in the effort of turning up at a GD general will put in just as much effort preparing for the exam on their own. The odd person out of the ten thinks if he/she is going to pass just by turning up at a DG is going to fail.

P.S. Stop objectifying women.



Edited 1 time(s). Last edit at Thursday, October 28, 2010 at 08:37PM by lzen5.

luda002

LOL

Did you guys know 82% of statistics are made up?....

anyway, the original "9 out of 10" makes absolutely no sense how someone would have gotten that... but nonetheless, I do agree that group discussions can't hurt!!

But then I begin to wonder if all the time we spend wasting on random topics in this forum was actually spent with efficient studying for the exams...I bet group discussions would actually turn out to be detrimental to the passing potential of individuals...

random_walker47

is this for GD or ED?



Edited 1 time(s). Last edit at Thursday, October 28, 2010 at 05:50PM by Andrew3032.