|Author||Topic: Why do so many people fail?|
|I don't understand why the pass rate is so low. I know many people who have taken the exam and all have passed each level on the first try. I also saw about 5 people I know in the ATL testing center last Saturday that I am sure will pass.
Do that many people without a finance/accounting background sit for the exam? I guess I just don't understand how 60% of people fail when you only have to get 70% of the answers correct. Has the CFA institute published any stats on the backgorund of those sitting for the exam?
|Many people think their MS in Finance or MBA will carry them and start studying in Thanksgiving. I talked to a few people who did that. I was funny to talk to them again right before the PM session and hear them say "Yea so I found myself guessing a ton..."
Sorry but I don't care how much finance background you have. The exam questions were so detailed, it would be impossible to pass without studying no matter how smart you are.
|After a little studying, someone with a strong finance background shouldn't have that hard of a time passing. I suppose some people might not have studied because they thought it would be easy for them...but this wasnt the case for anyone I know. All have MBA's and studied a good bit. They will pass...so who are the people failing?
I think the "english barrier" might have something to do with it, too.
anyway, hope everyone on here did well. I used this site a good bit and it was very helpful.
CFA Discussion Topic: Why do so many people fail?
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.