NANA_Hachiko:
Glass_Slipper:
Hi Nana,
The grader is a Portfolio Manager where I work. He grades exams every year. Not a private tutor but a CFA coach of sorts. If I was ever freaking out he would calm me down. He never compromised the integrity of the grading process, he only assured me that they were very fair and try their best to find points - wherever they may be! He said to never worry about re-writing if you fail to write in the “templates provided” - as long as you have clearly indicated the question you are answering you should be just fine (worked for me).
Also - he told me not to concentrate on writing clearer - just to concentrate on the material. My writing is terrible and they were able to get through it apparently!
The grading process is very sophisticated actually (well, of couse! It’s the CFAI!). They account for grader’s drift - ie. being too harsh at the onset of grading and being too nice at the end of grading. Everything is as fair as can be, which I appreciated. They will also regrade your entire exam if you are on the cusp of passing to find that one last point to push you over the edge. Pens and pencils are ok too (although they tell you to write in pen - if your answer gets smudged because you wrote in pencil that’s your bad). I wrote in pen, however and scribbled out my mistakes.
The grading process for L3 can go on for a long time even after results are released. I have heard of someone who received a “Pass” in February after formerly receiving a “Fail” in August because another answer was accepted. This person was not inquiring about his answers at all, it just happened to work in his favour. So - they do try to be as fair as possible.
I hope this helps - somewhat. It definitely reassured me that I wasn’t getting duped.
It is very reassuring, but how come so many people (myself included) find the AM easy and did everything we could to answer as precisely and accurately as possible and still did so much worse than PM?
I passed the AM but not nearly as good as the PM (and i was so surprised because i wasn’t as confident in the PM).
And AM too there is no guessing, you either know it or you don’t, and i KNOW THE MATERIAL, i know exactly what to write 85% of the time but the score didn’t reflect that…
I wonder why?
thanks,
NANA
HAHAHAHAHAH I have no idea Nana - you are funny! Very inquisitive indeed
Always nail the PM so you have room to be wishy washy in the AM. They get you on theoretical stuff. I always started my practice exams from the back because I found there were more calculations there and that’s where my strengths lie. Then I moved backwards towards the IPS LA’s. I always got the return calculation wrong - I forgot one CF, or included too many, or calculated too fast - why bother wasting time on questions I know I won’t get 100% marks?
Glass_Slipper:
HAHAHAHAHAH I have no idea Nana - you are funny! Very inquisitive indeed
Always nail the PM so you have room to be wishy washy in the AM. They get you on theoretical stuff. I always started my practice exams from the back because I found there were more calculations there and that’s where my strengths lie. Then I moved backwards towards the IPS LA’s. I always got the return calculation wrong - I forgot one CF, or included too many, or calculated too fast - why bother wasting time on questions I know I won’t get 100% marks?
I just want to know if your graders give you suggestions or talk about the questions most candidates get wrong in the AM?
Coz i really don’t know why, even looking at the answers after (when they release the AM as practice), i still don’t get it, “i wrote that!”
igor555
September 27, 2013, 3:02am
#45
NANA_Hachiko:
Glass_Slipper:
HAHAHAHAHAH I have no idea Nana - you are funny! Very inquisitive indeed
Always nail the PM so you have room to be wishy washy in the AM. They get you on theoretical stuff. I always started my practice exams from the back because I found there were more calculations there and that’s where my strengths lie. Then I moved backwards towards the IPS LA’s. I always got the return calculation wrong - I forgot one CF, or included too many, or calculated too fast - why bother wasting time on questions I know I won’t get 100% marks?
I just want to know if your graders give you suggestions or talk about the questions most candidates get wrong in the AM?
Coz i really don’t know why, even looking at the answers after (when they release the AM as practice), i still don’t get it, “i wrote that!”
who cares you passed. give it a rest, have a hello kitty beer
I am letting it go, obviously i don’t care that much but i wonder why and perhaps other candidates can learn from my mistake.
and i have not seen hello kitty beer yet, i have to look them up!
My hypotheses would be that we are conditioned for MC questions and we get a little thrown with long answers even if we do practice a lot. The stuffy exam environment doesn’t help.