What does everyone thing the minimum passing score was? 65%, 70%, 80%???
Maybe this helps: http://www.cfainstitute.org/cfaprogram/Documents/the_cfa_program_our_fifth_decade.pdf
I think about 65
If the MPS was 65 wouldn’t more than 39% pass? If you only know half the test and then blindly guess on the other half, that should put you at 66%.
Was definately higher than 65%. I failed with six sections over 70%, two 50-75% and two of the smallest sections >50%. Using pretty much a worst case scenario of 71/51/31 I scored 67.2%.
Somebody estimated the MPS based on the results posted in the results thread, and came up with 65%.
With the 40/60/80 I scored 66% and passed.
With 40/60/80 I had 64% and passed.
Interesting… Congrats to all those who passed. I am still resultless and suffering miserably due to a yahoo email address!!
With 40/60/80 I had 76% and passed.
The 0-50, 50-70, and 70+ must be a curved result. There is no way that I got above 70% on all but ethics, it never happened in my practice tests and I found the real test to be quite a bit harder than the practice tests. So, I think you cant throw out all that 40/60/80 stuff. I had heard that the MPS is something like 70% of the 9Xth percentile, and this makes a lot of sense to me. I have also heard that there has never been a perfect score. So… even the 99th percentile score can’t be much higher than a 95. Which would suggest the MPS is in the high 60’s. The high 60’s makes a ton of sense. The average Schweser student was scoring just a bit above 67, and I am confident the results are highly correlated, so even if the MPS was a 68, only 40% or lower of the Schweser kids would have passed. Please don’t flame me, this isn’t my masters thesis, I just think it is very unreasonable to assume passing is over 70. Maybe not everyone used the online test stuff with Schweser, but that really provides a lot of info, mostly just the average score of Schweser candidates, and I kind of assume the kids who buy Schweser are actually scoring better than the average. My guess, 66.6666% 4/6 per section.
That makes sense. Just seems a bit crazy that 61% of people that actually took the exam got less than 2/3s of the test correct, especially with only 3 answer choices.
I think they dont use all the questions. they probably take your best score on all sections. For instance of the four FSA item sets they probabaly take the best two etc.
Someone should run a Monte Carlo simulation to figure out what the MPS is using all the data from the results thread. It would probably take an hour or two to build, but might bring some closure to the borderline candidates.