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Investment / Financial Markets Old Exam MFE Forum

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  #51  
Old 03-12-2019, 01:01 AM
carshev1629 carshev1629 is offline
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For those who have taken this exam, may I ask if the real exam consists a lot of questions on payoff/profit graph of option and option strategies ?
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  #52  
Old 03-12-2019, 08:05 AM
TheActuarialNoob TheActuarialNoob is offline
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To all those who have already taken the exam.
  1. How difficult you felt the exam was? (EL level if you had adapt)
  2. How many conceptual questions you had?
  3. Was the distribution of questions close to what is stated in the syllabus?

Thanks.
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  #53  
Old 03-12-2019, 09:46 AM
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sharpe objects sharpe objects is offline
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Quote:
Originally Posted by carshev1629 View Post
For those who have taken this exam, may I ask if the real exam consists a lot of questions on payoff/profit graph of option and option strategies ?
Graphs? I don't recall seeing payoff graphs. You will have questions on payoffs and option strategies. It's worth dedicating the time to.



Quote:
Originally Posted by TheActuarialNoob View Post
To all those who have already taken the exam.
  1. How difficult you felt the exam was? (EL level if you had adapt)
  2. How many conceptual questions you had?
  3. Was the distribution of questions close to what is stated in the syllabus?

Thanks.
1. Exam was a 5 or so. There are absolutely a few 6 level questions and some easier ones.
2. Probably 5 or 6. I couldn't tell you the exact number but I definitely remember having them.
3. Not for me personally. I know everyone will have a different view and I'm sure once the question bank fills out it will fall in line but I remember feeling like I didn't see as much in some topics as others reported.

EDIT: Want to add in regards to 3 that it's not worth trying to figure out how your exam will be weighted. The weights themselves are all pretty close anyhow. In my last few days I looked through the SOA example questions and wished I had done maybe one more practice exam in the 48-72 hours prior.

Last edited by sharpe objects; 03-12-2019 at 09:50 AM.. Reason: adding comment about exam weights
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  #54  
Old 03-12-2019, 10:41 AM
Glazzy Glazzy is offline
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There were more conceptual questions than I expected. Like in the practice problems, you also need to make sure whether interest is continuous or not. Additionally, I though the exam was around a ~4/5 EL. The computations weren't as exhausting as I was expecting and like I mentioned, concepts seemed to drive many of the questions.There were a couple questions with topics I hadn't reviewed intimately enough recently. Overall though, I felt really good about it! Take your time and good luck all yet to take it!
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  #55  
Old 03-12-2019, 10:50 AM
carshev1629 carshev1629 is offline
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Quote:
Originally Posted by Glazzy View Post
There were more conceptual questions than I expected. Like in the practice problems, you also need to make sure whether interest is continuous or not. Additionally, I though the exam was around a ~4/5 EL. The computations weren't as exhausting as I was expecting and like I mentioned, concepts seemed to drive many of the questions.There were a couple questions with topics I hadn't reviewed intimately enough recently. Overall though, I felt really good about it! Take your time and good luck all yet to take it!


How do you find these these conceptual questions? Are they really tricky or just normal. My main source of conceptual questions is just Adapt. I wonder if that is enough or I need to read more materials.
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  #56  
Old 03-12-2019, 12:13 PM
soakadl soakadl is offline
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you don't get pass/fail preliminary results right after the exam?
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  #57  
Old 03-12-2019, 12:47 PM
Covenant Covenant is offline
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Quote:
Originally Posted by soakadl View Post
you don't get pass/fail preliminary results right after the exam?
Nope. 8 weeks until results.

I thought it was a fair exam. Quite confident I passed. Had an EL of 6.1 going into it and I was unsure on no more than 2-3 questions, but knowing me, I probably missed another 2-3 from silly mistakes.

Good luck to everyone who is taking it over the next few days!
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  #58  
Old 03-12-2019, 01:06 PM
carshev1629 carshev1629 is offline
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Quote:
Originally Posted by Covenant View Post
Nope. 8 weeks until results.



I thought it was a fair exam. Quite confident I passed. Had an EL of 6.1 going into it and I was unsure on no more than 2-3 questions, but knowing me, I probably missed another 2-3 from silly mistakes.



Good luck to everyone who is taking it over the next few days!


Which type of quetions do you find the most tricky, conceptual or computational ones ?
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  #59  
Old 03-12-2019, 01:36 PM
RoyalMath15 RoyalMath15 is offline
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I took mine yesterday. Really not sure at all if I passed or failed. I know I got one wrong and had to guess on 3 others. Some others I wasn’t 100% positive on either. Was very confident on 22 of them but who knows if I made mistakes. Time to try and block this out for 8 weeks.
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  #60  
Old 03-12-2019, 02:30 PM
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theBrownsAreComing theBrownsAreComing is offline
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8 FREAKING WEEKS ugh
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