pupdawg82 Wrote: ------------------------------------------------------- > I don’t understand why the posters do not research > about the MPS thing. > > MPS says that passing score will be determined by > 70% of top 1%. > > For ex - 20,000 students are taking L3 this year. > 1% is 200. So suppose the average score of top 200 > students is 90% (I don’t think that top 200 or > anyone in this matter score 100% in the exam) and > then 70% of 90% is 63% which would be a passing > score. > > I know CFAI customer rep might be laughing after > seeing this stupid email. The email sender should > be barred from the program because of his > stupidity. You my friend, are very wrong. I don’t know where everyone gets this 70% of 1% idea, but its clearly stated on the CFAI website they use the Angoff Method.
I posted this last year (after getting 10 practise tests over 70% and failing), that guidance came from Schweser, CFAI never mentioned an actual numberical grade. I wish I could take this post down actually, as I was clearly mistaken.