What will be the MPS this year? compare, process, figure, really, taking

jim8z3

This was my first time taking L2 and I have never really spent time trying to figure out the CFAI MPS process. What you guys think will be the MPS this year maybe compare to last year (for the retaker). Do you think that the pass rate will be above or below 40%?

smuggycfa

I think it’ll be around the 65% mark….
That said, I’ve spoken to quite a few people on my office who thought the exam was really difficult. That should bring the pass mark down slightly..

RepoToronto

What do you guys think the impact of this newspiece would be on the MPS/pass-rate across levels this year
CFA June Test Takers Fall First Time Since 2005
Enrollment for the Chartered Financial Analyst exam in June fell for the first time in eight years as Wall Street employment tumbles.
The number of candidates registered to take the June CFA exam, administered worldwide today, dropped 2.2 percent to 146,605 from a year earlier, Charlottesville, Virginia-based CFA Institute said in a May 29 statement. The number of June CFA hopefuls had increased annually since 2005 and reached a record 149,954 candidates last year.
Source: http://www.bloomberg.com/news/2013-05-31/cfa-june-exam-enrollment-falls-...

soverby

Is there any chance MPS is 50%????!????????

torontoanalyst

I don’t know why everyone is so confident.  The exam definitely seemed easier than the CFA mock but the margin for error is really small.  If one gets 80/120 or 66% they might get through, but at 76/120 you could easily fail. That is only 4 questions. I thought the exam was easier than I expected, but I could see myself either passing or getting a very low band.
There were definitely some questions in there to make sure people couldn’t get 6/6 in any section unless they were really really prepared.

strikethree

Maybe there’s some bias on this forum but I am a retaker who has actively used the forums for the last three years with nothing to show for it so far except a coupld of Band 9 Fail sheets. I feel like I did better this year so I’m expecting a Band 10 fail this time as it seems the CFAI may like to drive the knife into my ribs a little deeper.

chandsingh

what will be your tax rate on your 2 and 20% fee in Paris…..Francois Hollande ne vous veut pas du bien…

bigredhockey55

Yep jwn566, you are right.  This is the mega-obsessed crowd who put a very high value and a correspondingly very high effort into this exam.  Unfortunately I wasn’t one of them because I don’t have time with work and family to devote more than 5-6hrs a week to studying but rest assured that I know more than a few people who prepare far less than the vast majority on this forum because they don’t reprioritize their entire life around this test.  I spoke with a few people who told me they’d be surprised if they passed it this time around.

jarobi04

Fully agreed jwn566! There is definitely a backfill bias on AF.
I worked very hard over the last 6 months: I read CFA material twice, did all the CFA questions and EOC questions twice at least. I read schweser just to check I mastered the concepts! In may, I worked from 8am till 2 am all the month long. I’m lucky! Indeed I’m starting a hedge fund in Paris and I’m waiting for the license (within 2 weeks hopefuly) from the regulator. My associates let me study hard!
I want this level 2. I think I deserve it: I have at least 300 study hours only in may!
On the mock exam I was between 68% and 80% (BSAS mock exam was very easy).
Unfortunately it will be very difficult to retake this level 2 next year: too time consuming when you are an entrepreneur in finance with 2 kids…..

AndyNZ

Just curious, why does everyone assume so many people did very well this year? From people stating their confidence on AF boards? How many L2 takers were there globally, and how many of them frequent AF? Couldn’t this conceivably be a very small sample size, and biased at that?