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DISASTER FOR CFA LEVEL-III
extrablessed
#1 Posted : Friday, August 20, 2010 11:27:32 AM
Rank: Member

Joined: 7/28/2007
Posts: 290
Location: Nairobi
Not a single Level-3 candidate around made it this time round!!! So sad!

At least level2 had four(4) and level-1 seven(7) candidates who passed!!! Thats means that out of the 600+ candidates that filled all the KICC auditariums on 5th June, only eleven candidates made it....This is less than 2% pass rate, whereas the global pass rate was about 42%.

Whats cooking??? Anyone???
MaichBlack
#2 Posted : Friday, August 20, 2010 12:16:14 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,837
What was the average age of the candidates? Might they be recent university graduates? 90% of recent graduates [around 2004 - 2010 give or take] are absolutely bure kabisa!!! They are what I'd call the "mwakenya society". Students who rely entirely on copying - short notes, discussing, passing answers around, googling etc. - to pass exams. They use the 90 - 10 approach. 90% copying, 10% cramming. If you put such individuals in a situation where there is zero tolerance to copying and questions are primary application questions - as opposed to state, define, list etc. - then they are done.

A lady I know from UON once confessed she can't walk into an exam room without a "mwakenya" - even if she's not planning to use it! Same lady told me that some "big shots" in her class rarely sit for CATs or do assignments - they pay other students for the "service".
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
kadonye
#3 Posted : Friday, August 20, 2010 12:33:46 PM
Rank: Elder

Joined: 5/30/2009
Posts: 1,390
MaichBlack wrote:
90% of recent graduates [around 2004 - 2010 give or take] are absolutely bure kabisa!!! They are what I'd call the "mwakenya society". Students who rely entirely on copying - short notes, discussing, passing answers around, googling etc. - to pass exams. They use the 90 - 10 approach. 90% copying, 10% cramming. If you put such individuals in a situation where there is zero tolerance to copying and questions are primary application questions - as opposed to state, define, list etc. - then they are done.


Wacha matusi, a good number of us abhor cheating
What a wicked man I am!The things I want to do,I don't do.The things I don't want to do I find myself doing
Intelligentsia
#4 Posted : Friday, August 20, 2010 12:44:08 PM
Rank: Elder

Joined: 10/1/2009
Posts: 2,436
@Kadonye, careful careful you are painting with a very very broad brush there.

@extrabaraka - are you sure of the cfa 3 results. Juu I know a mamacita who passed level 3
drake
#5 Posted : Friday, August 20, 2010 12:44:52 PM
Rank: Member

Joined: 8/8/2009
Posts: 170
June 2010 CFA Exam Pass Rates

* Level I: 42%
* Level II: 39%
* Level III: 46%


@extrablessed....However, I cannot find country break-down anywhere on the Institute website. Can you please quote the source or upload the document on this or other file-sharing website and provide a link? ....I know someone who would like to put this on their resume. Thanks!

Also, this WSJ article might give a clue as to general sentiment...

http://online.wsj.com/ar...575433910053889780.html

It's being described as "Grade Deflation" and you can find historical pass rates below...

https://www.cfainstitute...didate_exam_results.pdf

But most importantly....Never give up!

"....A strong majority (73 percent) of candidates who responded to the survey said they would re-take the CFA exam the next time it is offered if they do not pass."

https://www.cfainstitute...ges/08162010_45395.aspx



CFA > MBA

MaichBlack
#6 Posted : Friday, August 20, 2010 12:50:20 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,837
kadonye wrote:
Wacha matusi, a good number of us abhor cheating

And what are you doing about it? Cheating has reached epidemic levels in most universities! If you are sincere, you should raise hell. Talk to management - citing specific cases & lecturers, seek media attention - letters to editors, watchman, jicho pevu, k24 etc. People hate negative publicity. They would act in a heart beat.

You can't just abhor cheating in silence unless at the back of your mind you are hoping one day it might come in handy.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
Wa_ithaka
#7 Posted : Friday, August 20, 2010 12:56:01 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
The quality of candidates coming of our education system now is just abysmal. You can't hire fresh graduates for any office jobs other than one where they make tea for the first few weeks...
The Governor of Nyeri - 2017
kadonye
#8 Posted : Friday, August 20, 2010 1:00:36 PM
Rank: Elder

Joined: 5/30/2009
Posts: 1,390
drake wrote:
[b]

CFA > MBA



Really?
What a wicked man I am!The things I want to do,I don't do.The things I don't want to do I find myself doing
kadonye
#9 Posted : Friday, August 20, 2010 1:04:33 PM
Rank: Elder

Joined: 5/30/2009
Posts: 1,390
Maich,

They hate my tribe

They speak ill of where I come from

They stereotype people of my race

And call me names coz of my wealth

I choose not to be bitter

And fight wazua wars within wazua
What a wicked man I am!The things I want to do,I don't do.The things I don't want to do I find myself doing
extrablessed
#10 Posted : Friday, August 20, 2010 1:19:21 PM
Rank: Member

Joined: 7/28/2007
Posts: 290
Location: Nairobi
@Drake, I happen to know a good number of the CFA candidates around,and my data is based on that sample...For level 1&2, refer to a thread posted some time in July.

All-in-all, there seem to be no explanation why out of the over 600 candidates who sat for their June exam at the Nbi centre, only a tiny fraction made it.....
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