June 2010

[Mr. BoH]

Anybody out there taking this thing in June? I've procrastinated long enough; ready to start.

[Breadmaker]

I started a few weeks earlier, but I'm still way behind. Planning a big push over the next few weeks.

[notreallyme]

What did you think? There were a few where I was like WTF?? (I thought VWAP measured trading efficiency not was a style)

Overall I was happy with it, won't be shocked if I failed but thought it was pretty decent.

I ran out of time for the first time I can ever remember on any exam in the morning.

[Mr. BoH]

I thought the morning was absurdly long, but not all that difficult. I barely finished with about 5 minutes left (and I typically work very quickly - pass or fail, I never run out of time). Lots of people at lunch said they left 2 or 3 entire questions blank due to time.

Afternoon was really short, but had a few more questions I wasn't too sure on. I finished all the questions in about 80-90 minutes. Then I stared at that Information Ratio question for about a half hour and decided I either totally missed something or it was defective.

Overall I left feeling pretty good. Which might be a bad sign in retrospect.

[Mr. BoH]

What did you think? There were a few where I was like WTF?? (I thought VWAP measured trading efficiency not was a style)

Overall I was happy with it, won't be shocked if I failed but thought it was pretty decent.

I ran out of time for the first time I can ever remember on any exam in the morning.

Wasn't it like "VWAP optimization" or something like that? I had never heard of it, but assumed that meant you traded to get the best VWAP. Which didn't make sense on one of the two investments because the avg daily volume was so low.

[notreallyme]

I thought the morning was absurdly long, but not all that difficult. I barely finished with about 5 minutes left (and I typically work very quickly - pass or fail, I never run out of time). Lots of people at lunch said they left 2 or 3 entire questions blank due to time.

Afternoon was really short, but had a few more questions I wasn't too sure on. I finished all the questions in about 80-90 minutes. Then I stared at that Information Ratio question for about a half hour and decided I either totally missed something or it was defective.

Overall I left feeling pretty good. Which might be a bad sign in retrospect.

Re: bold Yep.

5 was the only Actuarial Exam I ever even came close to running out of time on, and I could have used considerably more time in the morning.

I also was done in the afternoon after about 80 minutes.

I was refering to the one where you had to circle the type of trade (I expected brokered and market) not the option to be VWAP, incremental costs(?), and the other one.

I also felt pretty decent, surprisingly decent. I think the exam being long will be to my benefit as a quick exam taker.

[Breadmaker]

My WA performance is gonna be mixed. MC took me about 90 minutes, but I stuck around until the end to go over my answers again.

People left 2-3 WA blank??????? Yeesh!!!!

[Breadmaker]

Passed. Just like I called it: WA was a mixed bag, and MC definitely saved my bacon.

[notreallyme]

Passed. Just like I called it: WA was a mixed bag, and MC definitely saved my bacon.

Nicely done .... I did not pass.