How did everyone find the exam? Unusually, there seemed to be very little pure bookwork and no calculations which I thought made it a lot harder. There seemed to be large sections of the course that didn’t get tested at all, especially performance attribution.
I think with the whole copy/paste issue with excel, they probably want to avoid performance attribution type questions, but I agree there were large parts of the course not covered, but maybe it's like that most years? Some random questions about NED that don't remember reading about in notes also threw me a bit. Overall not sure what to make of the exam - would be interesting to see if others found it hard, especially in comparison to the April exam which had a high pass mark
I thought it was a reasonable exam but a few of the questions were definitely on the tougher side (the LDI and securitisation questions). Less bookwork and no calculation questions is probably going to push the pass mark down a bit (I hope at least!)
I thought it was a pretty reasonable exam too. I was surprised that they repeated questions about Swaps vs bonds and behavioural finance like in April. The securitisation and takeover questions were messy for me. Edit: Also I don't expect the pass mark to go down as the paper seemed pretty in line with April but hopefully I'm wrong
Yea it wasn’t a big part of the question - had me worried there as to what securitisation question did I miss. hopefully pass mark comes down a little.
I guess they have removed the link for now and one will need to wait. Anyhow once the results are published, we should find out the pass mark.
