|Author||Topic: How does CFA exam graded?|
Does anyone know how many questions will be on the Level 1 exam and how many questions right will be considering "pass" level 1?
|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.
|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?
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.