AuthorTopic: Here is what I did to fail the level 1
broggi
@2010-07-18 12:29:39
1) I used the Schweser Notes (I did not know analystnotes until today)
2) I had a Study Partner and every single week (Starting in February) we got together and did example problems. She used different notes, so we shared and doubled the number of problems we each had.
3) I took a 5 month review course sponsored by the Security Analysts of San Francisco. This spanned from January till May. This course met weekly.
4) I am working on my MBA (Finance) and took an investment valuation course and did respectable in the class. The professor is CFA Charter holder.
5) The semester before the exam I then took a Portfolio Management course towards my MBA. The professor is also going through the CFA program. I received an A+ in this course, and have the transcripts to prove it. The university I go to is located in the San Francisco Bay Area and is as accredited as they get.
6) Starting in November of last year I outlined for my own wonderful enjoyment every single Learning Outcome Statement of every single fucking Study Session.
7) The week before the exam I did nothing but problems and drown myself in Portfolio Management questions.

These are the steps I did to ensure I fucking failed this fraudulent exam the CFA Institute endorses.

The results of my exam say I pretty much fucked the pooch in the first half of the morning. 1-5 were all below 50%. They were also all portfolio management questions. Of which I got an A+ for a graduate level finance course provided by a soon to be CFA Holder himself. Portfolio management was all I focused on in the final stretch.

CFA Institute may say I don't know anything on the topic of portfolio management, but I have a transcript from an accredited business school that says I know absolutely everything about it.

This exam does not sit well with me. It is my sincerest and honest opinion that CFA Institute is lying, and they will provide compelling evidence to no one that they are not.

I will continue to progress and take the exam next year as well. Only because jobs that I am interested in frequently say in the description, CFA REQUIRED. However, I will shut up, join no study groups, rely on analystnotes and some textbooks, and just meander through the next year.
dvk5f
@2010-07-22 10:46:24
I agree that CFA Institute seriously lacks transparency in how they administer, and grade exams, and I can definitely understand the disappointment of failing the test after months of studying. But to say that anyone who has passed the test has just won a game of chance is a bit bitter, don't you think?? I passed and I know exactly why I passed. Every question on this test (almost) looked familiar and I knew the answers. Maybe you're just not that bright? But don't discredit everyone else on this site that has put in hard work and is ready to take Level II.
Agoothi
@2012-01-30 22:37:39
Guys
What's so hard? If you think there is a mistake - pay the $100 re-tabulation fees!
Silentdud
@2012-05-20 07:03:31
Man did this make me laugh though.

CFA Discussion Topic: Here is what I did to fail the level 1

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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt