I have general question on the grading system of the exam. I have a friend who had FRA,Equity,Derivatives & Quant >70% and still did not pass the exam level 2. I dont think he had such bad grades on other topics.
So how is it possible that he failed on the exam?
If he scored 69 percent in the other 6 topics, he would have passed (best case scenario). If he scored 50 percent (assuming he got 50-70 range) in the other 6 topics then that is obviously why he failed (worst case scenario). That is how it is possible. Clearly he must not have done well in those others to offset his above 70 performance in 4 of the topic areas. Hopefully tha makes sense.