Just curious if anybody has tried to estimate an MPS for 2014 yet. My Band 9 fail had a 40/60/80 score of 65%, so I’m just kind of curious.
I am thinking it’s 80 correct answers at around 67%. The 40/60/80 is too wide and it’s better to use 50%, 51-70 and 70% to get number of correct answers and sum that up to be divided by 120. msc2488 has excelklent matrix but is band 10. I guess he has at least 75 correct answers.
If you take all of the Band 9 and Band 10 estimated 40/60/80 scores posted on this site in the last day, the average is approximately 65% (min of 63 and max of 67). That’s compared to 64.7% last year. Based on that (albeit very small sample size), I think the MPS is ~66%, or 79/120 correct…perhaps 80/120 if you screwed up Ethics.
Based on the matrices I saw from the results thread, I’m going to estimate between 78-80 / 120 depending on ethics adjustment, if applied. 65-66.67%
Sounds pretty arbitrary to me.
MPS was sufficient to make 54% people fail.I think 68%.
What do you think the difference is between bands? 2%? More?
My guess is about 2%. I did a linear regression on the 40/60/80 scores posted last year and the slope between bands was just under 2% (about two questions per band).
your calculation is insufficient to make 54% failure equate to 68% MPS
I did a very strong analysis of my results and I believe MPS cutoff is 80/120 correct questions so 66.6%
Here are my results (PASS)
Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 * - - - Corporate Finance 36 - - * - Derivatives 36 - * - - Economics 18 - * - - Equity Investments 72 - - * - Ethical & Professional Standards 36 - - * - Financial Reporting & Analysis 72 - * - - Fixed Income Investments 18 - * - - Portfolio Management 36 - * - - Quantitative Methods 18 * - -
Item Set
Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 * - - - Corporate Finance 36 - - * - Derivatives 36 - - * - Economics 18 * - - - Equity Investments 72 - * - - Ethical & Professional Standards 36 - * - - Financial Reporting & Analysis 72 - - * - Fixed Income Investments 18 - - * - Portfolio Management 36 * - - - Quantitative Methods 18 * - -
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40/60/80 score: 58.3%
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Minimum score: 42.5%
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Maximum score: 68.5%
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Result: Pass
I registered in October, started in March. Solved almost no questions, not end of the reading questions for Schweser or CFAI, neither did I do a single mock. I faced the heat during the exam and had to solve a lot of questions using fundamental concepts and ab-initio derivations which could have easily been done using a formula had i spent time memorizing them or practicing questions. I am lucky to have passed.
Also, I aced ethics and had 3 or more topic areas in each of the three scoring bands.
I am truely amazed by your pass, even more so given how you prepared that. You have 126 points falling in each of the <=50% and 50-70% region and only 108 points in the >70%. it does not matter for a pass. Congratulations.
Wow. I remember seeing your matrix in the results thread and thought it copied incorrectly and I threw it out. A 58% 40/60/80 score as a pass…that is crazy. Your results are the perfect example of a limitation of the 40/60/80 estimation method! Some were 67%'s and were Band 10’s.
This sounds about right to me.
LoL
Got 10 bands in first attempt . Dam frustrated with this 10. Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 * - - - Corporate Finance 36 - * - - Derivatives 36 - - * - Economics 18 - * - - Equity Investments 72 - - * - Ethical & Professional Standards 36 - * - - Financial Reporting & Analysis 72 - * - - Fixed Income Investments 18 - - * - Portfolio Management 36 * - - - Quantitative Methods 18 - - *