As the title says, had the misfortune to screw this up twice now. But hey, guess the 3rd time the charm right?!
Anyway, I thought I’d take a moment to share what I see when I compare the results of both, paying particular attention to the 10th and 90th percentile lines.
Doing this by having both PDF’s open and at same size and page position, just switching between the two to get a gauge of any differences.
Hoping someone may find this useful, if not at least mildly entertaining. Just remember things change from year to year and this is only my opinion based on my eye.
Overall Score:
- 10th percentile line: the 2019 line is a shade lower compared to 2018
- 90th percentile line: the 2019 line is higher, guessing at least 3-4% points more
- Minimum passing score: the 2019 line is a shade higher compared to 2018
- In 2018, I was guessing the MPS was 60; for 2019, I guessing it was 61 or 62
Essay Set:
- 10th percentile line: the 2019 line is a shade higher compared to 2018 but still well below 50% as is was in 2018
- 90th percentile line: the 2019 line is higher, right below the 70% line, guessing it was 69%, in 2018 I would guess it was 67 or 68%
Item Set:
- 10th percentile line: the 2019 line is lower compared to 2018, I’d say in 2018 it was 53 or 54%; in 2019 seems more like 52%
- 90th percentile line: the 2019 line is slightly higher compared to 2018, both lines were decently above 70%
Topic Area - Alt Inv, Rsk Mgmt, Derv
- 10th percentile line: the 2019 line is higher compared to 2018 but both were still below 50% but 2019 was closer to the line
- 90th percentile line: the 2019 line is higher compared to 2018, both lines were above 70% but 2019 noticeably more so
Topic Area - Beh Fin, Pvt Wlth, PM
- 10th percentile line: the 2019 line is lower compared to 2018, both under 50%; the 2019 line is almost twice the distance away from from 50% as it was in 2018
- 90th percentile line: lines for both years appear to be the same, both are just above the 70% line
Topic Area - Econ, Asset Alloc
- 10th percentile line: lines for both years appear to be the same
- 90th percentile line: the 2019 line is slightly higher compared to 2018, both lines were decently above 70%
Topic Area - Equity
- 10th percentile line: the 2019 line is way higher than in 2018, both are still under 50%; in 2019, the line is much closer to the 50% line, in 2018, it was nearer the bottom of the chart
- 90th percentile line: the 2019 line is decently higher compared to 2018; in 2018 it straddled the 70% line, in 2019 it is decently higher
Topic Area - Ethics
- 10th percentile line: the 2019 line is lower than in 2018, in 2018 it straddled the 50% line, in 2019 is fell below it by a little bit
- 90th percentile line: looks like the line didn’t move and decently above the 70% both years
Topic Area - Fixed Income
- 10th percentile line: the 2019 line is lower than in 2018, both years it is below the 50% by a decent margin
- 90th percentile line: looks like the line didn’t move and little bit above the 70% both years
Topic Area - Trade, Monitor, Perf Eval, GIPS
- 10th percentile line: the 2019 line is way lower than in 2018; in 2018 it was decently below the 50% line, in 2019 was more than twice as far away from the line
- 90th percentile line: the 2019 line seems just a shade higher, lines for both years decently above the 70% line
