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04-03-22 Shahbaz Test page

Question 1 of 90 Question 1 Q-Code: 21-L1-ES-MOCK-86834 Sumita Khatri wrote a research report and followed the necessary due diligence steps before sharing the report with her client. It turned out that there was a mistake in the report. This was pointed out by her client. Khatri apologized and re-submitted the corrected report. Did Khatri violate any CFA Institute Standards? A No. B Yes, relating to performance presentation. C Yes, relating to misconduct. Correct IncorrectA is correct. Khatri accepts the mistake and provides the corrected information. Hence she does not violate Standard I (D) – Misconduct. Misconduct requires that members… Read More

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10-08-21 Failed the Level III Exam? Sorry To Hear That…

Level III is a strange exam. In fact this is the only exam where I come across some very smart and hardworking people failing. This has to do with the format for the exam. Those who study a lot, know a lot and end up writing a lot. The problem with this approach is that a candidate might do half the paper really well but scramble through the rest… possibly leaving a few questions all together. The most you can get on a good response is 100%. If you leave an answer blank you get 0%. Bottom line is that… Read More

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03-08-21 Your May 2021 Level II Exam Results

Today CFA Institute is announcing the results for the May 2021 Level II exam. If you know your result, then you have either experienced the joy of passing or the disappointment of falling short. The result time is always slightly awkward for me – because I share the happiness of those who did well, while at the same time I feel for those who did not make it. For those who took the Level II exam, you will fall in one of the categories given below. Please click on the link which describes your situation. It is possible that a… Read More

shabaz.mujtaba Level II

03-08-21 Advice for those who passed the Level II exam

To begin, I would like to congratulate you. You have passed the Level II exam, a significant accomplishment. Now, however, your next major target should be to clear the Level III exam. Unless there are compelling reasons otherwise, I’d recommend that you take the Level III exam in May 2022. You have a rhythm going, the Level II material is relatively fresh, so why wait? Now let us talk a little about Level III. There is a common perception that Level II is the hardest of all three exams, and so things get a little easier with Level III…. Read More

03-08-21 Advice for those who didn’t pass the Level II exam

If you failed the Level II exam your natural response is probably to feel disappointed. You might even be wondering whether or not you should continue with the CFA Program. The typical advice is to keep trying; however, I suggest a more thoughtful approach. Put the result on the side for a moment and ask yourself: Did I really enjoy the subject matter? Try doing a post-audit on why you did not pass. Was it because you did not have enough time to prepare for the exam? Or did you have a very hard time understanding the concepts? Is the… Read More

27-07-21 Your May 2021 Level I Exam Results

Today CFA Institute is announcing the results for the May 2021 Level I exam. If you know your result, then you have either experienced the joy of passing or the disappointment of falling short. The result time is always slightly awkward for me – because I share the happiness of those who did well, while at the same time I feel for those who did not make it. For those who took the Level I or II exam, you will fall in one of the categories given below. Please click on the link which describes your situation. It is possible… Read More

shabaz.mujtaba Level I

27-07-21 Advice for those who didn’t pass the Level I exam

If you failed the Level I exam it is natural to feel disappointed, but you must put this temporary setback behind you and move on. Failure was never meant to be a signal to turn back, but instead, an obstacle that the stronger and wiser use to boost themselves up and attain greater heights. Your recent failure might cause you to wonder whether or not to continue with the CFA Program, and if so when to retake the exam. Let us consider the first question: whether to continue with the CFA Program or not. For those who did not… Read More

27-07-21 Advice for those who passed the Level I exam

Congratulations! Passing the Level I exam is the first major milestone on your journey towards the CFA charter and is a major accomplishment. At this stage, you might be wondering whether to take the Level II exam in November 2021 or February 2022 and if so, when to start studying? Whether or not to take the Level II exam in November 2021 should depend on the following: Did you enjoy the Level I material and are you still excited about pursuing a career in investment management? Given your personal and professional commitments, will you have enough time to study… Read More

20-07-21 2022 Level III CFA Program Changes

Each year CFA Institute makes changes to the exam curriculum. This year there are some major revisions and some minor revisions to the LIII curriculum. There are 35 readings in the 2022 Level III curriculum versus 38 in 2021. 2 readings from 2021 are dropped: R04 Professionalism in the Investment Industry R07 The Behavioral Finance Perspective 1 new reading is added: R30 Integrated Cases in Risk Management: Institutional 8 readings are updated. Ethics & GIPS are moved to the end. Overview of Fixed-Income Portfolio Management → Minor Changes Liability-Driven and Index-Based Strategies → Minor Changes Yield Curve Strategies → Major Changes… Read More

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