What do you think the top 1% scores in the AM?

CFA Level III
#1

Assuming 10 questions on the exam I find it hard to imagine a candidate that averages 90%+ on each question.

Certainly some questions will be 100% correct while others will be closer to 8/10.

I would venture a guess that the top 1% score just under 90% in the AM, around 88% or 158 mins / 160.

#2

I think 100% is possible… but out of 25000 level 3 test takers maybe only the top 0.01% so maybe 25 candidates in the world get it with a bit of luck… I think it’s actually easier to get 100% in AM for the top candidates but in PM there are 2-3 questions that are coin flips at best.

anything above 80% is probably top 10%… and it’s likely just as hard to get below 40%

I’m terrible with statistics but the distribution of score must be leptokeuric? very tight between 55-65%… and CFAI sets the MPS in there to inflict max pain…

#3

There is definitely no 100 pct in AM

#4

With 25000 candidates, the 99th percentile would be around 90-92 (after throwing out the unfair questions), so think 145/160 (assuming 20 mins get thrown out).

#5

I think we give our fellow humans too much credit.

AF members never post AM mock scores in the 90 range. IMO I think my original guess was still on the high side. It would be interesting to know.

#6

Honestly have no idea since cfai apparently doesn’t practice transparency. They remind me of my dad, do as I say not what I do.

#7

We see a lot of comments about actual test being easier than mock. We also know that unfair questions are thrown out. So i guess 90% for the Top1% candidates is not unlikely.