Past exams

I am reviewing the morning exams posted on CFA. It seems that it gets tougher and tougher! :frowning: 2006 is the easier no wonder the passing rate is 70% (lucky guys in 2006). I am wondering how the 2009 will be? Should CFAI adjust the passing rate based on the difficulty of the exam? one question on 2008 institutional portfolio mgmt. The answer to “risk objective” copies one sentence from the case, there is no juddgement and explanation “above, below, average” as usual? Got the online morning exam from 2000-2005. Are they worthy to put time to practise? i.e. how much change since then?

Based on the recent trend, I think 2009 will be harder than 2008.

about previous AM exams. some argue they are good for IPS only, but we aren’t aware of whether or not they have changed some of the mechanics of answering those types of questions over the period of time either. given CFAI posts 06-08 on their site, id put more emphasis on those exams.

famosa Wrote: ------------------------------------------------------- > Based on the recent trend, I think 2009 will be > harder than 2008. representativeness. ; )

Status quo? :slight_smile: