All those for publishing an answer sheet sheet

malbec

according to the institute and to global best ethics and practice, anyone who invests in something should be privy to the results of his investment and all information relating to his investments.

On that note given the fact that all of us candidates pay fees for the CFAI in order to get an opportunity to sit for the exam and aside from the money we also invest a considerable amount of effort into studying for this designation i think that we are also justified in being allowed & entitled to see every detail regarding the exam for which we sat, beginning with an answer sheet to be published including all questions and proposed correct answers along with their calculations for their proposed answers, in addition to the difficulty level assigned to each question and the exact criterion for passes and fails for the specific exam that we took.

Therefore with all candidate performance information kept secret and the CFAI being run as a self regulated entity this opens the door to conflicts of interest as well as independence and objectivity issues. Would the CFAI possibly sue itself for failing someone incorrectly, or would it take the risk of notifying that person and ruining its reputation?? Do you think anyone has ever not passed the CFA exam or even Passed through a scantron machine malfunction??

issues such as this make me wonder why there isn't a 3rd party quality control inspector in place for the CFA Institute who conducts a quality audit of their internal processes in grading peoples exams. As well as even if there was an audit done on a random sample basis and things checked out to be fine, would this mean that the probability of the unlikely case of someone getting an incorrect pass/fail grade has been eliminated?

So again with this in mind the only way we can have an audit done where its not a random sample being tested is when each and every candidate is privy to their exact performance on the test through it being disclosed along with an answer guide and a rating system that is applied to arrive at the pass/fail criterion.

jacksparrow

Iginla2010 Wrote:
-------------------------------------------------------
>...
> have you thought about those in Europe and Asia
> who have to struggle with the language barrier
> too?




I know. Us in Europe should be given extra points for trying. It's only fair.

Kapie

They reserve the right to ask you to retake any level. For instance, even though you may be a level 2, there are circumstances may propel them to make you retake level 1, or even worse, no additional tests. Now that would be a very cruel but eye opening experience.

yodacaia

i've said it a hundred times and definitely agree with those that think they should just test us on our knowledge, not our ability to see through the tricks. are you trying to make me a knowledgable investment professional or an expert test taker that can play the game? and i'm not complaining from the position of thinking i may have failed. i'd be surprised if i didn't pass as i felt good about the way it went. now watch that i failed because i fell for too many tricks! nah, i've been studying since october and have put in well over 600 hours to this beast, so i should pass. but let's cut the crap with the games and trickery, right???!!?!?!

chandsingh

I happen to be one those poor souls who is from the Asia region by the way, and English isn't my mother tongue and you have no idea how much we struggle with the exam because of our lack of fluency in English, especially the grammar part of the exam;)

I don't think anyone flunks the CFA exam because of his fluency in English. Again though i still think it would do every one justice if after the exam the CFA publishes the exam with their proposed answers and difficulty rating for each question. Then maybe we would discover that there was never a rounding problem to begin with and we just are "morons" who don't know how to add and multiply.



Edited 1 time(s). Last edit at Wednesday, June 9, 2010 at 01:55AM by TexasInstruments.

RepoToronto

I don't think you can really complain about how exams aren't testing the real actual knowledge that we apply in real world. In that case, pretty much all of my undergraduate courses have been wasted learning craps that don't get applied in real world. IMO, one of the biggest reasons for exams to exist is to test one's ability in enduring hardships and being able to overcome tremendous amount of stress. Come on, exams have always been used for the purpose of differentiating among individuals.

YAhmed

Iginla2010 Wrote:
-------------------------------------------------------
> Hey morons, guess what? The CFAI doesn't come
> after you with an invoice of a million dollars
> when you've made your way into your careers at a
> BB and are tossing big dough around!
>
> And guess what? CFAI isn't coming knocking on your
> doors down on bended knees pleading you to take
> the exam. Complain all you want, who gives a sh!t.
> Get the hell out of here, if you think that the
> exam isn't fair, or the system isn't fair. At
> least it's a lot easier for the English speakers,
> have you thought about those in Europe and Asia
> who have to struggle with the language barrier
> too?
>
> Guess what? no one gives a sh!t.

Apparently the language barrier isn't that much of a problem. The U.S. usually brings up the rear in the geographical pass rates. Chill out bra

bolligerallstar

Simmer down now Iginla

CPATrader

well yes you are right some of us are speaking from the viewpoint of us feeling like maybe we may not pass when in fact in all honestly we deserve to pass hands down!!! when you think you might fail after coming in from a band ten last year and this time around not only putting in 200% effort for another 6 months and through your preparation and studies you get to a point where you are thrice as capable as you were when you got a band ten fail in 2009 you think to yourself there is something obviously wrong here with the way the exam is constructed that i dont feel the same confidence in my performance that i had while doing around 6000 questions during the past 6 months, and its weird how on around 6000 practice questions you never have to push your answer towards the closest answer to the three and have to put up with little gimmicks and tricks.

for instance if you calculate something right and it comes to 10, your three possible answers should include the number ten and not 7, 11, and 13 and you have to figure out what the hell went wrong and spend another ten minutes beatin yourself up over it and redoing your calculations and gettin all bent and stressed out, we are not being tested on our ability to mind read and think ohh well this just must be one of them sneaky tricky questions..... you either have an exam of 120 questions where for each you are given an accurate answer or they just give you 120 sneaky tricky questions designed to fool you... becos what you end up doing is thinking there must be a trick when there isnt any on a lot of simple questions and even if you know your stuff well you end up wasting a lot of time and confusing yourself thinking i wonder what type of question is this??? is it a straight forward question or should i spend another couple of minutes looking for word tricks and booby traps

Pegasus2008

So true. I caught several sneaky tricks but wonder how many I missed.

And how many I thought were tricks due to mild paranoia that were actually straightforward.