Hi all, It’s really frustrating to wait this long for the results especially for a person like me (mine will surely be a borderline case). Desperate to get inputs from other candidates about their expectations on MPS. I know that applicants who have given Level 1 in the past are expecting the MPS to be on the higher side. But they should not forget that they had spend close to 200+ extra hrs before reappearing, that will surely have an impact on their overall judgement of the exam level. I feel that it will lie somewhere between 66-68%…wat does u ppl think about the same?
You will never know.
I actively keep track of questions I knew I got wrong and received a ~50% on morning and ~70%+ on afternoon. So that is about 60%, if I pass then the MPS must have been at least 60%.
timotimo Wrote: ------------------------------------------------------- > if I pass then the MPS must have been at least 60%. But even that will be an assumption, since CFAI reports only ‘Pass/Fail’, not overall test scores.
We will never know the MPS, unless you are a reputable study note publisher who signed a confidentiality agreement with CFA, then you may get some data but I doubt even they will know the MPS. Still, it could be a rough guess. After the result released (in 3 weeks), gather all candidates who failed with a band 10, and collect their score breakdown matrix, and see if they can still remember how many questions they are very sure to be correct (i.e. not guessed) from the exam. Take the average, adjust based on the score matrix, then the MPS will be not more than 10% from what these people got. Say survey 30+ people (minimum sample size for normal approximation) who got band 10, and average how many questions they were sure to be correct, e.g. 165 / 240 = 68.75% Most people who got band 10 are likely to have a score matrix like 1-5-4, 1-6-3, or 1-7-2 which the middle digit is for 51%<= X <= 70%. If you got something like 1-4-5, or 0-7-3, you might barely passed. Weigh each of the 10 sections using the score matrix, and according to the weight of each section in the exam. Use midpoint rule for each category, e.g. assign a grade 60% for 51%<= X <= 70%; 25% for <=50%; and 85% for >= 70%. If after you weigh each section according to the exam weight, and assign the midpoint score, and average for 30+ people, you get say 65% for a band 10, then the MPS may be up to 10% above this score, i.e. 72%. But I won’t bother with all the hassle after grade release. I either restart Level 1 right away for December, or move on to Level 2.
Its pretty much obvious that we won’t get to know the actual MPS. And by taking a small sample size we can never get to any conclusion. Wat I want is simple guesses from all the participants in order to get their view on the same…
My guess for MPS: 67-69%, since I felt the actual exam was a lot easier than the mock and that MPS must be lower than 70%.
zenith_89 Wrote: ------------------------------------------------------- > Its pretty much obvious that we won’t get to know > the actual MPS. And by taking a small sample size > we can never get to any conclusion. Wat I want is > simple guesses from all the participants in order > to get their view on the same… Some other forums for other designation exams allow users to setup polls for people to vote on first the grade (e.g. 11 radio dots from Band 1 to 10, and the Pass), and then fill in the 10-by-3 radio dots for the score matrix, so OP can collect thosands of candidates and get accurate conclusion of the passing score. For this forum, it can be done by people copy-paste their grade (Pass, or Band) and the score matrix from the result email or from the CFA result site. Statistically, it only needs 1,068 people to respond to get a 95% confidence interval that the standard error is +/- 3% from the sample mean, i.e. the inferred MPS. This forum sure has much more than that number of users.