No offense, but this is a pretty useless discussion topic. Nobody knows, nor nobody has ever known what the MPS is or what it will be. We may have anecdotes from about 50 people on this forum along with say 10-15 people you may personally know. Thus, we can make a guesstimation based on 65 people that took the exam and what they “believe” they got. There would be a ridiculous amount of sample bias in that group too. Therefore, I think we’d be better off getting a dart board and throwing darts at it to guess the MPS. Exam’s over, you either pass or fail and you’ll know in January. However, what you’ll never know or be able to ascertain is the MPS.
13. More than 70% in alternative investments, corporate finance, equity investments and portfolio management. 51% to 70% in economics and ethics. And less than 50% in derivatives, financial reporting analysis, fixed income and quantitative methods.
Now taking this at face value, I assumed the highest possible score for each category (i.e everything in the below 50% category I assumed got 49%, everything 50-70% was 69% and everything >70% was 100%). However as you can’t have a non-whole number of marks for a section, I rounded everything down to a whole number. This got me to 65.8% given the above assumptions.
I’ve never understood why people even bother to speculate about what the MPS is. You’re never going to know if you’re right or not. We all know that it’s somewhere around 70% so beyond that, who cares?
but as i understand, even that figure would be completely useless, as for all we know that was the hardest cfa exam ever administered, statistics wise, and so our minimum may be 70 something for all we know. just echoing the argument for not even wasting time thinking about this!
Out of curiosity I did the same calculation and got 161/240 questions = 67.1%. Using the 80/60/40 rule that I’ve seen advertised, the MPS would be 63.2 % based on #6
The MPS can further vary between sittings, as in the one that was valid for that exam might not be the one for December 2014 (though I imagine it’s probably not too different). In any case, it seems that somewhere in the mid-high 60s seems to be the cut off point.