lol I am no ethics expert, but I think for him to give such specific estimations like this when the results are not released yet is a violation. For example, imagine saying this to a client, true he did not explicitly say that he passed, but he is implying it, especially the part where he says that he expects to be from the top 10%, because even if he can predict his own performance, he cannot possibly predict how other candidates did, in order to make such estimation!
There is no English issue in Africa and how do you think someone that has successfully written L1 and L2 would suddenly have an English problem in L3
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I mean the problem is that they are the non-native speakers given the fact that it is the essay exam (not multiple choice questions like L1 and L2) with time pressure - so that is a obstacle compared to EU guys.
I wouldn’t agree that language should be an obstacle for any of the non-native English speakers. And also, why would anyone think that all EU citizens speak English fluently. I mean, there is no single country in EU where English is the official language (except Ireland), and many of the citizens of EU are very reluctant to speak English as they are very proud of their own language.
And not to mention, that to underestimate people from Asia and Africa and their capabilities, one must be out of his mind.
I think it is not a nice thing to say that other candidates are “quite likely” to re-attempt the exam. Just because other candidates did not make predictions about being in the top 10 percent, or have said that the exam was difficult or time pressured, doesn’t mean that they will fail. It IS expected that the exam will be challenging.
I mean, really, “quite likely”? Don’t you think that this is considered such a high degree of confidence, and that you cannot possibly derive such assumption from what people have said on here about their performance? Yet again making assumptions without any basis whatsoever.
I’m pretty confident his/her comment violates codes of ethics “CFA Candidate code of standards”.
If I were you, I will delete my comment before being reported to CFAI rather than making fun of people “someone will do more study in 2021”.
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and he/she followed that original comment with another comment saying that other candidates here are “quite likely” to fail. I also believe this is a violation, especially of the code itself where we are supposed to pay respect to other professionals in the field. It is disrespectful to make such assumptions about your fellow candidates, when you don’t even have any basis.
Hi,
New forum reader here. I attempted the l3 exam yesterday, and would be keen to here what people might estimate the MPS to be? My AM didn’t feel too strong, although I thought that my PM would have been stronger (70ish lower limit).
I didn’t feel that AM or PM were particularly hard (AM slightly time constrained). Although I did around 3-4 mock exams so I entered the exam without any particular biases on topics.
This was my second time taking the Level 3 exam and I think things were fifty/fifty…morning session was veeeery hard and afternoon session was a bit easier than what I thought…
Does someone know when we get the results this year in light of Covid??
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It is not violation to discuss topics that are already made public by the CFAI. The past exam papers until 2018 included. What of course you can’t discuss are questions from 2019 plus going forward. That would be violation
I am not sure which comment of mine you are responding to! 
To all those thinking Asia and Africa will pull down the MPS… this was not a test in English. Get real.
You know pretty well.
ha! I have no time for this. I have no idea what you are talking about. I can’t remember I ever said it was a violation to discuss 2018 questions which are already public. So either be clear and quote me, so that I can clarify, or don’t respond to me at all.
There are some predictions that results will be out on 9th of Feb for L3… Nobody really knows… this year is not like any other year. I guess will have to just wait and see what CFAI will say.
Hi
I’m preparing for may attempt as December attempt was cancelled in my country due to covid.
Seeing the reaction for dec’s exam has been crazy!!
Any tips to prepare going forward?
From my understanding, it was the exact same test we would have taken in June.
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@LadyMacbethStrategy can you share the story behind your screen name? I’m familiar with the character and the Shakespeare play, just curious how it ties in.
As for the comment about MPS and Asia/Africa, I don’t think the original poster meant to suggest one race is intellectually superior to another, just that there may be slight advantages for native English speakers in an exam that is heavily focused on reading comprehension and formulating written responses. It was a struggle for me and I’m a native speaker!
I want to be clear that I agree with you that if they meant to suggest something about IQ, that would be racist BS. As is, I think it’s reasonable to infer that ESL students in aggregate are at a disadvantage, however slight, just because not everyone is equally fluent. I certainly couldn’t pass the test in German or Mandarin or Swahili so I commend these candidates - they faced an uphill battle and (in at least some cases) had to work harder than native English speakers.
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Ah was it? It would be nice if it is the case… I mean relieving that there is no intention to make the exam harder to keep the pass rate low … I think I remember seeing a comment for CFAI on Linkedin addressing this thing, and they said that the exam will not be more difficult and MPS will be the same as usual… tbh I can’t remember if there was indeed a comment by CFAI on linkedin or if I am imagining it lol but I do remember glimpsing this on Linkedin
It is a Corporate Finance term actually 
and I like it because it is such a sneaky strategy lol 
Thank you for your kind comment on this whole Asia-Africa thing. I guess he/she may not have meant it in a racist way, but because they did not mention anything about language, and because their comment and the subsequent ones were off, I thought it may have been the case. I personally am not a native English speaker, but I am fairly fluent … So I guess you have a point, maybe some others are way less fluent and under exam conditions it would become worse. But I still wouldn’t compare English to German for example, simply because English has become like a universal language and in this day and age, almost everyone is expected to speak English… So I’d expect a L3 candidate to have a fair knowledge of the language, But I get what you are saying.
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