June 2014 Level 1 MPS

Does anyone have any idea what the MPS was? My 40/60/80 was 61% so I’m guessing that I barely got by, perhaps due to the Ethics adjustment. Meanwhile, a coworker got a 40/60/80 of 63% and failed.

how can i know my MPS ?

MPS= minimum passing score. Cfa doesn’t reveal it but we can guesstimate. The 40/60/80 rule is a way to approximate your score.

What were your section scores?

I’m not quite sure how I passed really. The MPS can’t be much lower than mine.

40/60/80 score of 54%

Max score of 64.3%

Min score of 34.3%

Section scores were as follows

>70%

Alternative Investments

51%-70%

Corporate finance

Derivatives

Equity Investments

Ethics

Financial Reporting & Analysis

Portfolio Management

<=50%

Economics

Fixed Income

Quant

I was ready to start studying to take level 1 again in december and was shocked when I passed on my first try.

Cheers to passing with the bear minimum!

I had you for about

Best 64.10% Probable 62.00% Worst 59.91%

^^I just used the 300hours estimate numbers (link below)

http://www.300hours.com/blog/the-cfa-level-i-ii-june-2014-results-roundup#.U9vuWJRdXOE

My 40/60/80 is 71%. Minimum of 59% max of 87%.

I thought this was kind of the lowest but now I’m surprized.

Difficult to estimate though, these bands are too wide.

My 40/60/80 is a 60.0 and I failed with a band 10. The only section that I was <50 was fixed income. Everything else was in the middle with the excepiton of AI which was >70.

I realize this… I am of the belief that the 40/60/80 consistently understates scores if the majority of topic scorse are in the >50>70 bands. I feel that, logically, 65-67 is a more realistc representation of this category

What is 40/60/80?

Not sure on how the 40/60/80 forumla works. But I had the below results what seems better than CFAhopeful above and I failed band 10

>70 %

Alt Inv

derivatives

50-70

Corp Fin

Econ

Equity

Ethics

FRA

PM

Quan

<50

Fixed Income

My breakdown (61%MPS) is below. Only studied for 10 weeks for 150-160 hours so fortunate to pass. Purposefully spent less time on the sections that I failed so no surprise there. Seems like the Ethics adjustment may have worked in my favor.

>70% Alternative Investments Corporate finance Equity Investments Ethics 51%-70% Financial Reporting & Analysis Quant <=50% Derivatives Economics Fixed Income Portfolio mgmt

Level II should be no problem for you.

I failed too and my score was:

Section scores were as follows

>70%

Alternative Investments

51%-70%

Corporate finance

Derivatives

Equity Investments

Ethics

Financial Reporting & Analysis

Economics

Fixed Income

Quantitative

<=50%

Portfolio management

Why do you say that? Because of my strong sections? Or because I passed without putting in full 300 hrs?

Mmh I failed band 10… got

  • Your 40/60/80 score is: 57.7%
  • Your minimum score is: 41.5%
  • Your maximum score is: 68.7%

>70%

Equity Investments

51%-70%

Corporate finance

Derivatives

Ethics

Financial Reporting & Analysis

Economics

Fixed Income

Quantitative

Alternative Investments Portfolio management

<=50%

Economics

Fixed Income