Exam Feedback May 2017 Part 2 Exam Feedback

What i am expecting..my first 65 questions went well.rest last 15 had to rush fast so not big time confident on them...so
Assuming 35 as 100% correct on a conservative side
35+30*50%+15*50%=57.5
35+30*0.4+15*0.3=51.5
 
I
Nope,unless garp decides the pass rate for this year may 2017 to be around 25%.

It should be fair to assume it would be around 50-55. Perception of questions is one thing and solving them under pressure in exam is a whole lot different. On a normal day lot of us with decent prep will do 60 for this exam but it is a completely different ball game to do this in stressful 4 hours where mind plays all kinds of tricks on us
Agreed!..i think around 40 correct answers should be the cuttoff..someone scoring into 50+shud qualify into 1st quartile or max 2nd
 

bob fisher

New Member
comparing the feedback of the earlier exams with the feedback of the actual exam i think the level of the actual exam must have been lower, do you agree??


topics:
market risk
-2 pretty straight forward ES calculations from observed data (as far as i remeber one was the same as in the practice exam)
- 1 question about mean reversion

current issues:
-2 bitcoin questions
-2 negative interest rate questions
- one emerging market question

operational risk:
-a lot qualitative operational risk questions (which in fact were not that easy since i was often choosing between 2 options)
- 1 or 2 wwr questions

credit risk:
- 1 cva calculation
- qualitative questions about ccp
 

Daniel26

New Member
Reporting and surrival bias seems to be true for after exam discussions as well. Enjoy your studyfree time. No its no longer in our hands.

Thanks David for you high qualitaty work. Great support for studying.

Was dona after apprx. 3h but lot of qualitative questions where two questions could be right. Questions with much Text were challenging to grab the Problem. But often enough free points due to easy questions (e.g. the Collateral CSA question etc.). Hazard rate straight forward and Compared to practice exams well written.
 

Linghan

Active Member
Seems there's no use to worry about test at this point!! I was in the unnecessary stress after test...!! :( After three months of hardship and stress I finally get to go out with my fam to shopping and chow down at the Golden Corral (our local buffet chain). There's nothing happier than this!!!! Worst case we got to go to the Golden Corral again November!! :))
 
comparing the feedback of the earlier exams with the feedback of the actual exam i think the level of the actual exam must have been lower, do you agree??


topics:
market risk
-2 pretty straight forward ES calculations from observed data (as far as i remeber one was the same as in the practice exam)
- 1 question about mean reversion

current issues:
-2 bitcoin questions
-2 negative interest rate questions
- one emerging market question

operational risk:
-a lot qualitative operational risk questions (which in fact were not that easy since i was often choosing between 2 options)
- 1 or 2 wwr questions

credit risk:
- 1 cva calculation
- qualitative questions about ccp
I would say the level of difficulty was moderate..questions were doable and i sailed good till 70th and had to make a guess on last 3-4 bcz of time crunch...
 

bpdulog

Active Member
I did not fall into the time trap and my 1st pass through the exam was complete before 2 hours remaining mark. At that point I had 10-15 questions starred to revisit.

I got blanked out on calculating forward rate, not sure what the actual answer is

I also got stuck with var comparison of projected 3 asset portfolio vs. equal weighting and +1 correlation
 
I did not fall into the time trap and my 1st pass through the exam was complete before 2 hours remaining mark. At that point I had 10-15 questions starred to revisit.

I got blanked out on calculating forward rate, not sure what the actual answer is

I also got stuck with var comparison of projected 3 asset portfolio vs. equal weighting and +1 correlation
Woohooo...thats like around a min per question..
 

bpdulog

Active Member
Hello All - I felt that exam was easy - still I wasn't fully prepared. No unexpected questions.
What do you think should be the pass cutoff around? Considering the low difficulty of this exam - I'm expecting a high cut off of around 65%+.

Current issues in financial markets was highly tested too.

Really? So you expected them to ask multiple questions on unsmoothing?
 
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