By Zee
I apologize in advance if I've reminded you about this: next week is results week for June 2013 Level I and II!
We've put together a 300 Hours care package for our readers that are getting their results next week, all in one post. When it's arriving, what to do with your results, and a ton more information in there. Read on!
I apologize in advance if I've reminded you about this: next week is results week for June 2013 Level I and II!
We've put together a 300 Hours care package for our readers that are getting their results next week, all in one post. When it's arriving, what to do with your results, and a ton more information in there. Read on!
Remember, it's AFTER 9AM ET.
Results will be emailed to you on 23 July 2013, after 9:00 AM ET. They will be available online 24 July 2013, after 9:00 AM ET.
Here are the times for some other areas of the world that you may be in at the time:
Note that this is AFTER 9AM ET. It could be up to a few hours later, and the first emails will probably start hitting inboxes only at 9.30AM or so. So don't panic too much if it's been an hour or so and you've not gotten yours yet.
Results Day Live Q&A at 300 Hours Community.
On results day, the 300 Hours team will be available on the 300 Hours Community, our kickass forum, to answer your questions. Want to celebrate together? No problem. Advice about registering for your next exam? Drop it in there. A question about your results statement? We'll help you break it down.
So if you haven't done so already, register and participate in the forum today!
Get a detailed breakdown for free here.
For long-time readers of the blog, you'll know that we have an Analyze Results section. This section allows candidates to automatically analyze their results breakdown - just enter your results as given to you by the CFA Institute email. Based on your input, we'll calculate your 40/60/80 score, as well as your theoretical maximum and minimum scores.
What is a 40/60/80 score?
Over the years, candidates devised a calculation rule-of-thumb to very roughly estimate their ballpark score - the 40/60/80 rule. As the CFA Institute breaks your results down by topic & weighting, and gives you a categorization of your score (less than 50%, 51% to 70%, more than 70%), the 40/60/80 rule roughly estimates your score with this methodology:
Note: The exact 40/60/80 weighting can be changed to be more accurate depending on the topic (and is done so in our Analyze Results section). For example, for a topic in Level II or III that has 18 points, this means it comprises of one item set of 6 questions. This means that the 51%-70% category can only consist of one solution: 4 correct answers out of 6, or 66.7%. In this case, 66.7% instead of 60% should be applied (if you want to be as accurate as possible). But for convention, we will always refer to this score as the '40/60/80 score' even though our calculation tools will incorporate the more accurate methodology.
With your help, we can take analysis a few steps further.
Besides that, given enough data points, we can take this further. For example, our estimates for the Minimum Passing Score for previous exams were:
We're pretty excited to dig into the data from June 2013! If you're expecting your results next week, be sure to get your results breakdown in our Analyze Results section. Good luck!
Pass the word on to a friend that's also expecting results next week - the more results we have, the better our analysis will be.
Want to know more about results day? No problem.
We've written a lot about results day - you can find a ton more information in these posts:
Good luck for next week, dear readers!
Results will be emailed to you on 23 July 2013, after 9:00 AM ET. They will be available online 24 July 2013, after 9:00 AM ET.
Here are the times for some other areas of the world that you may be in at the time:
- PST: 6AM
- UK: 2PM
- Europe: 3PM
- Dubai: 6PM
- India, Pakistan: 7:30PM
- China, Singapore: 10PM
Note that this is AFTER 9AM ET. It could be up to a few hours later, and the first emails will probably start hitting inboxes only at 9.30AM or so. So don't panic too much if it's been an hour or so and you've not gotten yours yet.
Results Day Live Q&A at 300 Hours Community.
On results day, the 300 Hours team will be available on the 300 Hours Community, our kickass forum, to answer your questions. Want to celebrate together? No problem. Advice about registering for your next exam? Drop it in there. A question about your results statement? We'll help you break it down.
So if you haven't done so already, register and participate in the forum today!
Get a detailed breakdown for free here.
For long-time readers of the blog, you'll know that we have an Analyze Results section. This section allows candidates to automatically analyze their results breakdown - just enter your results as given to you by the CFA Institute email. Based on your input, we'll calculate your 40/60/80 score, as well as your theoretical maximum and minimum scores.
What is a 40/60/80 score?
Over the years, candidates devised a calculation rule-of-thumb to very roughly estimate their ballpark score - the 40/60/80 rule. As the CFA Institute breaks your results down by topic & weighting, and gives you a categorization of your score (less than 50%, 51% to 70%, more than 70%), the 40/60/80 rule roughly estimates your score with this methodology:
- If categorization is less than 50%, assign an average score of 40%
- If categorization is 51% to 70%, assign an average score of 60%
- If categorization is more than 70%, assign an average score of 80%
Note: The exact 40/60/80 weighting can be changed to be more accurate depending on the topic (and is done so in our Analyze Results section). For example, for a topic in Level II or III that has 18 points, this means it comprises of one item set of 6 questions. This means that the 51%-70% category can only consist of one solution: 4 correct answers out of 6, or 66.7%. In this case, 66.7% instead of 60% should be applied (if you want to be as accurate as possible). But for convention, we will always refer to this score as the '40/60/80 score' even though our calculation tools will incorporate the more accurate methodology.
With your help, we can take analysis a few steps further.
Besides that, given enough data points, we can take this further. For example, our estimates for the Minimum Passing Score for previous exams were:
- We've added work experience, education background and prep details as additional questions the Analyze Results section. With enough of your help, this will help us answer the importance of a finance-related education or work experience in passing the CFA exams: exactly when is the optimal time to start studying, how many exam papers should you be attempting, and so on!
We're pretty excited to dig into the data from June 2013! If you're expecting your results next week, be sure to get your results breakdown in our Analyze Results section. Good luck!
Pass the word on to a friend that's also expecting results next week - the more results we have, the better our analysis will be.
Want to know more about results day? No problem.
We've written a lot about results day - you can find a ton more information in these posts:
- 5 Common Questions About the CFA Results (and Their Answers)
- If You Failed Your CFA Exam, Would You Retake?
- CFA Results Soon? Get Your Personal All-In-One Results Breakdown
- 5 Things to Know about Level I & II Results Day
- Historical CFA Pass Rates Since 1963
Good luck for next week, dear readers!