and therefore, we will see higher passing rate in L2 then last year ~50% and given L3 has only half of the exam in MC, we will probably see the pass rate be pretty much similar to last yr
Why does everyone assume L2 passing rate will be higher than L1’s pass rate this year? I think there’s a good chance L2 pass rate will be lower. Something like L1 46%, L2 40+%, L3 50+% will increase the number of candidates without devaluing the charter too much.
tibwa Wrote: ------------------------------------------------------- > Huongz Wrote: > -------------------------------------------------- > ----- > > I went thru the program in 2.5 years (Dec '06, > > June '07, and June '08). The pass rate on all > 3 > > were 35%*40%*50 = roughly 7/100 make it thru > > without fail. > > > > If these rates hold up, more like 20/100 will > make > > it thru. This is bull. > > > Is that really in the youtube video? Dude, you > really ugly:-) I guess you have no woman and kids. > You scary man! How did you guys know that was me? Damn, blew my cover. By the way, you just increased your odds of passing, good job.
I don’t think it is the switch to 3 multiple choices, rather I think the high pass rate can be attributed to the “low no-show rate” especially for level 1 (see excerpt and URL below), which are usually just averaged in zeros to help keep the appearance of a low pass rate. Assuming the no-show rates are on par for L2 and L3, I would expect to see similar pass rates as in recent years for these levels. --------------- https://www.cfainstitute.org/memresources/communications/execupdate/2009/july/article4.html#program On 6–7 June, CFA Institute successfully administered the CFA exam in 182 cities in 87 countries. We were especially pleased to administer the exam in Mumbai, thanks to a recent court ruling in India. Despite the global economic downturn, a record number of investment professionals — 128,600 candidates from 154 countries — were enrolled for the exam. In addition, these candidates appear to be very serious about their commitment because the June exam experienced the lowest no-show rates in recent years, particularly at Level I. More than 500 charterholders from around the world were involved in grading and setting standards for these exams.
No, the pass rate is actually overstated each year because no-shows and even no-shows for the afternoon session DO NOT count in results. Heck, with fewer no-shows, I’d expect a lower pass rate.
Not what I heard…whats your source Skyin?
CFAI FAQs: http://www.cfainstitute.org/cfaprog/faq/faqs_candidates.html#grading 4th one under “Grading and Results” I guess less no shows may help the curve a bit though, so on second thought, I don’t think turnout would have a great effect on the pass rate. 46% of mostly smart people passing is still a pretty darn test considering rounds 2 and 3 will only get tougher. Congratulations is in order for those who passed for sure.
good call
I tried mocks with the same 3 answer choice, and never scored over 65%, actually the media was around 60%. I have never in my life read any book on finance, economics, just may be some accounting long time ago and prepared for GMAT. This time I just watched Schweser online classes and did some 4 tests in Qbank and two mocks. For me it was easy, but as for many others, who would probably give up after a failure, it’s a good call to try the second level, and even may be a couple of times. The cash is not bad.
As the time approaching, I feel less and less confident. I think it’s probably because of the uncertainty from AM session…