Will be very interesting to see these charts on results day, thanks for sharing
I wonder if this will change anything in the ethics section regarding how to talk about the cfa program? as in, can someone in the top 10 percentile say it? sorry I know this is a side question, but we have two months worth of time to kill on this forum so why not lol
Of course you can. CFAI prohibits talking about exam details or broad topic areas. By saying you are for example in 90th percentile or better you are not disclosing anything exam-related. You do not even know how many questions you got right because in this sense MPS and percentile rank are two different things.
You can say factual information (e.g. I scored in the top 90 percentile in Alternative Investments, Fixed Income and Equity in all 3 exams, if in fact true), but you wouldn’t be allowed to suggest this would ensure superior investment performance.
Makes sense. pretty sure I didn’t score high enough but to whoever makes the top 10% it’s quite an impressive achievement, and a fair reason for some (fact based) bragging rights in my opinion.
anyone else still having dreams about taking the exam?
youl be surprised come results. I scored 70s average on the level 1 mocks and still got deep top 90%tile on the L1 exam.
So, based on the new results format, you’ll be able to only claim >70% or top 10% only if your actual score is above the band line? Is there any guidance from CFAI on this?
I’m definitely in the minority. I thought the morning was tougher than the afternoon and that as a retaker who was a band 8 last year this year was easier.
I probably put in 200-250 hours of study, which was more than last year but this year focused more on qualitative than quantitative because I think that’s what tripped me up last year. Level 1 was the same way, more qualitative than quantitative.
I’ll let you know.
Hello
Approximately, how much is the minimum passing score for the level 2?
97%
Great approximation.
It’s somewhere above, We regret to inform you, but not above Congratulations!
Last year MPS was about 62.5 - 63% (according to my statistical estimation)
If we’re allowed to miss up to 22.5 questions per session… I 100% passed.
This last two weeks man. I swear. This is the worst.
I’m not sure if they treat all questions equally. As far as I remember from their description they estimate difficulty of each question and link different scores. Probably, some questions have weight > 1 and some < 1.
I had 23 per side on average that I was guessing on, the others I knew the answers too. Hopefully I can get at least 2 guesses correct out of 36 and if I can’t then I do not deserve to pass anyway then. lol
I reject your hypothesis. Each question carry equal mark and weight.
Guess that’s why they say you either pass with flying colors or fail with flying colors.
I don’t think so dude. Each question would be weighted totally independent of other questions to make the fairest exam since we all have different strengths. In other words, because we all have different strengths, any pattern in clients getting answers right/wrong wouldn’t really be that meaningful.