2010 exam detail

[lkuo]

I received a survey and shortly received an email on the 2010 exam detail. It will be different. Check it out in GARP.

 

[David Harper CFA FRM]

Link to 2010 FAQ here: http://www.garp.com/subpage1.aspx?id=4507&ekmensel=c580fa7b_10_22_4507_6

One key change, that GARP told us about this morning (and I think it was the first we've heard) is that in May, a new candidate can sit for both Level I and Level II. This is a change of their plan and potentially confusing; e.g., passing L1 is still a precondition to passing L2, so a candidate who sits for L1+L2 in May either passes L1 or L1+L2 but not L2 only.

In other words, a L1+L2 candidate will either:

1. Pass L1 and L2, or
2. Pass L1, but fail L2; their next step is to sit for L2 subsequently (e.g., Nov 2010), or
3. Fail L1 such that L2 will not be graded; their next step is to re-sit for L1

Also, one thing I found interesting:

L1: 8am to 12pm = 4 hours and 100 questions = 2.4 minutes avg/question
L2: 2pm to 6pm = 4 hours and 80 questions = 3.0 minutes avg/question

David

 

[lkuo]

David,

Thank you for clarify this. You are the best.

When I read about the candidate can sit for both level in May, I thought they are going to grade you on L1 during lunch with a machine.

Happy holidays to you.