Passed! I am so relieved to be done with the CFA exams.
Pass. AM was worse than expected, but PM was better.
Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Institutional 14 - * - 2 Portfolio Management - Institutional 17 - * - 3 Fixed Income Investments 19 - - * 4 Alternative Investments 20 - * - 5 Portfolio Management - Performance Eval. 15 - - * 6 Portfolio Management - Risk Management 14 - * - 7 Portfolio Management - Individual 18 * - - 8 Portfolio Management - Individual 16 - * - 9 Portfolio Management - Asset Allocation 15 * - - 10 Economics 14 - - * 11 Portfolio Management - Indiv/Behavioral 18 - - * Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Economics 18 - - * - Equity Investments 18 - - * - Ethical & Professional Standards 36 - - * - Fixed Income Investments 18 - - * - Portfolio Management 18 - * - - Portfolio Management - Individual 18 - - * - Portfolio Management - Monitor&Rebalance 18 - - * - Portfolio Management - Risk Management 36 - - *
PASSED !!! Thank u lord, now its time to celebrate and use the designation professionally !
Essay
Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Institutional 14 - - * 2 Portfolio Management - Institutional 17 - * - 3 Fixed Income Investments 19 - - * 4 Alternative Investments 20 - * - 5 Portfolio Management - Performance Eval. 15 - * - 6 Portfolio Management - Risk Management 14 - - * 7 Portfolio Management - Individual 18 - * - 8 Portfolio Management - Individual 16 * - - 9 Portfolio Management - Asset Allocation 15 * - - 10 Economics 14 * - - 11 Portfolio Management - Indiv/Behavioral 18 - - *
Item Set
Q# Topic Max Pts <=50% 51%-70% >70% - Economics 18 - * - - Equity Investments 18 - - * - Ethical & Professional Standards 36 - * - - Fixed Income Investments 18 - - * - Portfolio Management 18 - - * - Portfolio Management - Individual 18 * - - - Portfolio Management - Monitor&Rebalance 18 - * - - Portfolio Management - Risk Management 36 - - *
Passed first attempt!!!. Didn’t expect it, seriously… I did not finish AM…
1 Portfolio Management - Institutional 14 - - * 2 Portfolio Management - Institutional 17 * - - 3 Fixed Income Investments 19 - * - 4 Alternative Investments 20 - * - 5 Portfolio Management - Performance Eval. 15 - * - 6 Portfolio Management - Risk Management 14 - * - 7 Portfolio Management - Individual 18 * - - 8 Portfolio Management - Individual 16 * - - 9 Portfolio Management - Asset Allocation 15 * - - 10 Economics 14 - - * 11 Portfolio Management - Indiv/Behavioral 18 - - * - Economics 18 - * - - Equity Investments 18 - - * - Ethical & Professional Standards 36 - * - - Fixed Income Investments 18 - - * - Portfolio Management 18 - * - - Portfolio Management - Individual 18 - - * - Portfolio Management - Monitor&Rebalance 18 - - * - Portfolio Management - Risk Management 36 - * -
Looks like I was very close to band 10…
Passed! From the looks of things on this thread, the MPS is probably lower for level 3. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Institutional 14 - * - 2 Portfolio Management - Institutional 17 - * - 3 Fixed Income Investments 19 - * - 4 Alternative Investments 20 - * - 5 Portfolio Management - Performance Eval. 15 - * - 6 Portfolio Management - Risk Management 14 * - - 7 Portfolio Management - Individual 18 - * - 8 Portfolio Management - Individual 16 - * - 9 Portfolio Management - Asset Allocation 15 * - - 10 Economics 14 - - * 11 Portfolio Management - Indiv/Behavioral 18 * - - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Economics 18 * - - - Equity Investments 18 * - - - Ethical & Professional Standards 36 - - * - Fixed Income Investments 18 - - * - Portfolio Management 18 - - * - Portfolio Management - Individual 18 * - - - Portfolio Management - Monitor&Rebalance 18 - - * - Portfolio Management - Risk Management 36 * - -
PASS. Thanks everyone’s help!
Esaay 1 Portfolio Management - Institutional 14 - - * 2 Portfolio Management - Institutional 17 * - - 3 Fixed Income Investments 19 - * - 4 Alternative Investments 20 * - - 5 Portfolio Management - Performance Eval. 15 - * - 6 Portfolio Management - Risk Management 14 * - - 7 Portfolio Management - Individual 18 * - - 8 Portfolio Management - Individual 16 - * - 9 Portfolio Management - Asset Allocation 15 - * - 10 Economics 14 - - * 11 Portfolio Management - Indiv/Behavioral 18 * - - Item Set - Economics 18 - - * - Equity Investments 18 - - * - Ethical & Professional Standards 36 - * - - Fixed Income Investments 18 - - * - Portfolio Management 18 - * - - Portfolio Management - Individual 18 * - - - Portfolio Management - Monitor&Rebalance 18 - - * - Portfolio Management - Risk Management 36 - - *
Also passed! I was lucky to see my prelims. Same marks. No changes.
- Your 40/60/80 score is: 66.9%
- Your minimum score is: 60.3%
- Your maximum score is: 80.3%
Passed by only using CFA material for all three levels (first attempt).
Good luck to everyone new (and retakers) to this forum. Level 3 is about understanding concepts so use this forum more intensively than the level 1 or 2 ones.
PASSED.
Now I will probably stop having these nightmares about having 2 years to go on some kind of a degree at that college next to my old house.
Time to celebrate with my friends and family, and spend more time making money!
To those who failed: Do you really need/want it? If yes, try again. You will eventually end up on the right side of the MPS.
Frank my man…Congrats! I’d have been disappointed if you didn’t make it. You were active and helpful by your posts in this forum. Have a good luck for your future endeavors!
The Dude passed!!!
White Russian for all ! And invite the Jesus !
Passed! AM was not pretty but a pass is a pass.
Congrats to all who made it this year & good luck in your future endeavors, fellow soon to be CFA charterholders.
Is it really necessary to post the long version of your results? It’s a s**t load of unnecessary scrolling.
Passed. Can’t even remember the questions.
Essay
Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Institutional 14 - - * 2 Portfolio Management - Institutional 17 - * - 3 Fixed Income Investments 19 - - * 4 Alternative Investments 20 - - * 5 Portfolio Management - Performance Eval. 15 * - - 6 Portfolio Management - Risk Management 14 - - * 7 Portfolio Management - Individual 18 - - * 8 Portfolio Management - Individual 16 - - * 9 Portfolio Management - Asset Allocation 15 - * - 10 Economics 14 - - * 11 Portfolio Management - Indiv/Behavioral 18 - * -
Item Set
Q# Topic Max Pts <=50% 51%-70% >70% - Economics 18 - - * - Equity Investments 18 - * - - Ethical & Professional Standards 36 - - * - Fixed Income Investments 18 - - * - Portfolio Management 18 - - * - Portfolio Management - Individual 18 - - * - Portfolio Management - Monitor&Rebalance 18 - - * - Portfolio Management - Risk Management 36 - * -
I had short. Passed too. So it was BS
Thanks! Can’t pass without here. Congrats for you as well:)
All the best!

Band 10 Fail for me. Congrats to all who passed.
sorry to hear … worst kind of fail emotionally - being so close. I failed L3 two years back with band 7 (level 2 failed with band 3 i thik). Finished it this year … it really i think is matter of getting 2 or 3 more PM questions right, or perhaps just one small bit extra in AM sesson that can push you over to 10 to pass.
So don’t give up!! If you passed L2, i think L3 is more of attitude/dermination that you will finish writing in AM, and do well in PM.
Failed band 10, im very sad, but well, i think i learned more with this expirience than with the previous 2 curriculums. First time failing this type of exams.
Thank you all for your support,
For those who passed, congratulations.
For those who failed, i hope i see you all here next year, we are not done… dont give up.
Jorge
I passed! I had the long message and tiny elves dancing on the corner of the ‘apply for scholarship link’. When i tried to change my test center it brought me to Winterfell. Seriously, I’m elated to be done though. Congrats to all who passed and to all who took this brutal exam! My diagnostics from 300 hours is this:
- Your 40/60/80 score is: 63.3%
- Your minimum score is: 51.1%
- Your maximum score is: 76.7%