ILA LAM – Spring 2021

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Viewing 16 posts - 1 through 16 (of 47 total)
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  • #3972
    Bruins46
    Participant

    What do we know? Do we know things? Let’s find out!

    #3987
    Bruins46
    Participant

    How is everyone feeling about the exam?

     

    #3992
    8OutOf10Dogs
    Participant

    Not great. I’ve been reading over old exams today and the length of the answers is stressing me out. They don’t seem to be correlated to the number of points assigned to the question. Like some comments say “candidate only got full marks if they listed 4 points” and it’s confusing if a question is only worth 1 mark.

    It’s my first ever FSA exam so I’m trying not to give myself a hard time. Still trying to figure out how to study for this type of exam. I feel like I’m depending a lot on my work experience instead of the actual readings. I also don’t have a good memory so I’m trying to understand everything instead of memorizing it, but that’s not gonna matter if a lot of the questions are straight recall.

    I’m honestly just excited to go back to work on Friday. These last couple weeks have been no fun.

    #4010
    Bruins46
    Participant

    I’m pretty worried. some practice exams go great, others are a bloodbath. Spring 2020 is brutal to look over. I just hope it more like the fall exams

    #4038
    Jesus Christ
    Participant

    How do you think you guys did? I thought it was ok but had a few challenging questions.

    #4039
    jjbb9118
    Participant

    If I needed 30 points to pass that exam there’s no way I’m passing

    #4040
    Jesus Christ
    Participant

    Nah I doubt you need 30 points to pass. I think usually the pass mark is ~65%, so 26 points or higher should be safe.

    #4041
    Guo127
    Participant

    Hey guys, I forgot to add my candidate ID to the file names when submitting. Do we know if that’s gonna be a big issue?

    I honestly thought that changing file names were optional so did not even pay attention to the file naming section… feeling so bad now.

    #4046
    Kelvin Ng
    Participant

    I messed up in the 4 point question for Q3…very harsh for an exam with 40 points only

    Have no clues on the calculation for Q1 (total 2 points)…. heard that both PAK and TIA manual does not cover

    if 30 is the passing score I only have 4 point buffer left…. impossible to pass….

    #4050
    Bruins46
    Participant

    I thought the exam was very harsh. I agree with the calculations on Q1 – did not think that was on the syllabus at all. Additionally, having a 7 point calculation question at the end of the exam is just cruel. Did not have any time to finish, so I just wrote down a bunch of formulas. I felt the verbal was fair, and he calculation questions were either: simple, extremely difficult, or “I think they meant to ask this on the Financial Management Exam”.

    #4055
    cdnmBK201
    Participant

    Same. I read through Q1 and it seemed right away that they expected you to know details that weren’t in the syllabus at all. The ending calculation problem is also the other question that tripped me up. I could not figure out how to properly integrate the N table it provided. Glad to hear that other people were feeling the same as me.

    #4057
    Bruins46
    Participant

    I kept getting d1 & d2 values that weren’t contained in the Normal table provided, so I panicked and just wrote down formulas and said how I would have approached the problem.

    #4058
    Jesus Christ
    Participant

    What do you guys think the difficulty was like compared to the past sittings? I thought it was most similar to 2020 Spring which was pretty hard… fair-ish but hard

    #4059
    Bruins46
    Participant

    Definitely on the level of Spring 2020, but a bit more difficult. I thought Q2 & 3 were fair. Verbal parts of Q1 were good, calc not so much. And Q4 had an easy first part followed by a soul-crushing 7 pointer to finish.

    Mr. Christ  – I’m asking for any assistance you/your dad can provide in helping me get a passing score. Thanks dude.

    #4061
    Jesus Christ
    Participant

    sorry no miracles until Christmas 🙁

    #4063
    Bears Fan Dave
    Participant

    Glad to hear that everyone seems to be on the same page.  I thought this exam did a very poor job at putting students in a position to convey the knowledge that we’ve learned.

    Agree that Q1 wasn’t fair to assume valuation knowledge and there should never be a 7 point subsection on a 40 point exam, IMO.  There’s too much material that can be tested, to put that much stress on one area.

    I also didn’t recall the capital requirements being covered, and thought other questions were extremely vague, where they could have applied to multiple readings from the syllabus.

    Again, frustrating to not feel in a position to convey your knowledge of the syllabus material.

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