Just an idea, but here are two reasons why i think: 1) Decline in pass rate for Level 2 the past few years suggest CFAI has a strategy to weed out more candidates 2) Increase in people taking tests for GMAT, CFA etc. because of layoffs
Many professional bodies try to allign the supply of their credntial-holders to the demand-supply equilibrium quantity in the markets; My concern is that with a the global meltdown and consequent fall in finance jobs, the lower equilibrium quantity may serve a reason for CFAI to lower pass rates across levels.
Sorry for going a bit off-CFA-related Who do you think will win ABDC Season-3? A. Quest Crew B. Beat Freaks C. Strikers All-Stars D. Fly Khicks My favourites were Ringmasters but they are out already. Now it’s Strikers All-Stars or Quest Crew, very very tough.
I think the ‘main’ filter that is used by the CFAI is the level 1 exam, which is subject to more substantial changes YoY and has a higher volume of applicants and a lower pass rate. What you say makes a lot of sense, but if I was in charge of deciding how to go about reducing the supply of charter holders I’d reduce L1 passes. You could also argue doing that would have the opposite effect, supply drops, remuneration rises, a greater volume of applicants attempt to traverse the significant barrier to entry.
swaptiongamma Wrote: ------------------------------------------------------- > Sorry for going a bit off-CFA-related > > Who do you think will win ABDC Season-3? > > A. Quest Crew > B. Beat Freaks > C. Strikers All-Stars > D. Fly Khicks > > My favourites were Ringmasters but they are out > already. Now it’s Strikers All-Stars or Quest > Crew, very very tough. what in gods name are you talking about?
jut111 Wrote: ------------------------------------------------------- > > > what in gods name are you talking about? My thoughts exactly.
Americas Best Dance Crew (ABDC) Season 3
Farina, If you see the trend, I think CFAI wants more people to pass at level I and fail at level II. reason? the reason for everything else of course: Money. I think there is a reason why they started giving level I two times a year to “ease” the transition for candidates at the program, and make Level II the AX. Making this decision was a sure revenue bringer just like when Mcdonalds introduced the breakfast menu.
iregula has a point, I think maybe my comments describe how it used to be. Maybe it is significantly harder?
iregula has a point; but this sure isnt a comforting thought!
In speaking to a few professors and study session lectors they have told me CFAI has moved some of the harder material from L1 to L2. They think it was done to make L1 easier to pass and L2 the ‘real’ test. I’m not really sure why they did it, but it makes sense as a revenue generator to offer the exam twice a year just as it does for increasing the accessibility of the program (waiting only 6 months to retake rather than 1 year).
This also fits with something I’ve noticed recently, when looking at job specs. posted on various sites for London where L2 is now the minimum requirement, stated explicitly by a lot of recruitment firms : / The stakes just got higher
But they moved stuff from L3 to L2 (all of the regression stuff). I don’t necessarily buy that argument.
iregula Wrote: ------------------------------------------------------- > Just an idea, but here are two reasons why i > think: > > 1) Decline in pass rate for Level 2 the past few > years suggest CFAI has a strategy to weed out more > candidates > 2) Increase in people taking tests for GMAT, CFA > etc. because of layoffs more ppl taking the test does not mean more QUALIFIED (better calibre) ppl taking the test
i bet that passing rates this year will be the lowest ever… any bets against !!!
isn’t the passing rate determined by some weird formula that reflects the score of the top 1 % or something like that? i agree with pacmandefense.