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- Topic: How does CFA exam graded?
| Author | Topic: How does CFA exam graded? |
|---|---|
| HsinRuey @2009-12-05 14:57:28 |
Hello all, Does anyone know how many questions will be on the Level 1 exam and how many questions right will be considering "pass" level 1? Thanks! |
| Kuen @2009-12-11 17:05:49 |
THERE WILL BE 2 EXAMS ON LEVEL 1, MORNING AND AFTERNOON SECTION. EACH SECTION HAS 120 MC BUT I DON'T KNOW THE PASSING RATE. |
| GeoffT @2010-04-11 09:37:11 |
They take the top 1% of scores. Then scale it down 30 points. That would be the minumum passing score (MPS). Thus if the top 1% got 93% correct, the MPS would be 63%. I think the main reason the passing rates keep dropping is because the test keeps getting harder, thus the average score drops, but the top 1% doesn't vary much because these nerds will find a way to ace the test no matter what. |
