So many things wrong with this…
“1. They don’t disclose the mininum pass rate, THEY SHOULD.” Does it really matter exactly what the MPS is? What’s the difference between “We regret to inform you that you failed” and “We regret to inform you that you failed with a score less than MPS of 68”? If you failed, it really doesn’t matter, and knowing what decile you are in is much more valuable than just being told "You made a 65 when MPS was 68 this year."
“2. They don’t give us back our graded exams, AM and PM, THEY SHOULD.” CFAI realizes that it would be very unwise to release graded AM exams because, inevitably, some (incorrect and partially correct) answers will get out to the public on forums such as these and misinformation will spread like wildfire. CFAI is wise enough to understand that controlling the release of information and the integrity of exam material is critical and I believe that dissemination of the AM exam with all correct answers, as they do, is the best procedure to benefit future exam takers.
"3. They don’t have an appeal process for the guidline answers, THEY SHOULD. They are NOT GOD. " Let’s assume they do this, and that all band 10 failures ask for an appeal (naturally), along with 5% of all failures that were over-confident or don’t understand how they scored lower in a retake. That is 1920 candidates this year that will be engaged in an appeals process that will need CFA charterholders to sacrifice countless hours to review an exam that has ALREADY BEEN GRADED BY MULTIPLE CHARTERHOLDERS. What a waste of time and resources and an unnecessary reason to substantially increase exam fees.
“4. They don’t change the 300 hours BS to ex 300-500hrs, THEY SHOULD.” Personally, I counted every hour that I studied for all 3 levels, and I studied 250 hours for Level I, 225 for Level III, and 220 hours for Level III. The use of an average is more reasonable because some candidates study much more, and SOME CANDIDATES STUDY MUCH LESS making 300-500 totally untrue
“5. They don’t have a candidate advisory support line, THEY SHOULD.” That’s what places like AF are for. That’s what professors and managers are for. That’s what family and friends are for. Ultimately, the CFA program is an individual journey and you need to be able to make your own decisions with confidence or you aren’t cut out for it. We don’t need people paid to sit by a phone and counsel candidates that have insecurities or just want to vent.
“6. They don’t have an option to have your AM paper regraded by a handwriting expert, THEY SHOULD.” Here’s an idea: Learn to manage your time effectively and WRITE LEGIBLY. If you are using bullet points and answering questions concisely and efficiently you should not have any issues with this whatsoever