AuthorTopic: 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.

CFA Discussion Topic: How does CFA exam graded?

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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu