CFA 2009: 85% Success Rate with Pristine
As you would be aware that CFA Level I results are out. We are happy to announce that we have got a tremendous result for CFA Level I held in June 2009. 85% of our students cleared the examination in June 2009, as compared to 45% of the students passing CFA Level I worldwide. We have been flooded with inquiries regarding the right strategies to crack CFA Level I and thought that we would share our experience with you!
In our opinion the if the following steps are followed carefully, you can do well in the examination:
Do well in ALL section: CFA Exam evaluation is structured in such a way, that to pass the exam, you have to clear all the sections. These sections vary from Quantitative Analysis, Economics, FSA, Ethics, Corporate Finance and financial instruments – Fixed Income, Equity, Derivatives and alternative Investments. To clear the exam, you should do well in all the subjects. So while preparing, make sure that you cover all the subjects in such a manner, that you are able to clear them. No subject should be left untouched.
All Fingers of your Hand are NOT Equal: Just like all fingers of your hands are not equal, similarly weights of all subjects is not equal for CFA.

Quantitative Analysis Questions and Solutions
Which of the following is true?
If the correlation coefficient is zero, the variables are independent variables
If the variables X and Y are related as Y = e^2x, then if X is normally distributed, then Y^2 is log normally distributed
X and Y = Ln(x) would have correlation coefficient as 1
If the variables are independent, then their correlation coefficient is 1
Solution:
Answer: B
A is not correct. For example, if the relation is harmonic, then the correlation can be zero by they are clearly not independent
D is not correct,
C Correlation coefficient is 1 only for linear relationships
To check the signifiance of regression variables, you would consider which of the following with highest priority
p-value of regression variable
R-Square value
R value
Standard Error of Regression Variable
Solution:
Answer: A
If we are looking for significance of variables, then p-value is the most critical factor.

About FRM Exam
A global professional certification for risk professionals.
Offered by Global Association for Risk Professional (GARP).
Members come from over 90 countries.
Strong recognition among finance professionals, particularly in the US.
Covers risk management concepts in entirety.
“FRM holders have positions such as Chief Risk Officer, Senior Risk Analyst, Head of Operational Risk, and Director, Investment Risk Management, to name a few. “- GARP website.
Professionals/ students clearing this certification can look for careers in Risk Management, Trading, Structuring, Modeling, etc.
2009 is the last year when you can give FRM as one exam. Next year onwards, it is going to become a two level exam. Level 1 can also be taken this year.