MPS in the 50's? difficult

eagles_dare13

Anyone else think so....that exam was difficult

Kapie

lol no way brah. it's like 67, maybe 68%

WarrenB1

You might want to pinch yourself.

Zesty

No chance, I wouldn't be surprised if top 1% all get close to perfect 69%-70%

torontoanalyst

MissCleo Wrote:
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> No chance, I wouldn't be surprised if top 1% all
> get close to perfect 69%-70%

No way. That would imply that the top 1% of candidates all scored like 98%+. AF is filled with a lot of bright candidates and is certainly not representative of the entire candidate pool, but I didn't see anyone claiming they aced the exam. A phenomenal score would be a 90 on the exam and I am sure it is pretty rare, maybe 1/250.

During the grading process there is a quality control check where something like 5-10% of answer sheets are manually checked. I once heard from someone, I forget the details, that the highest score this person ever saw during the process was a 92 for L2. A 92 on L2 is absolutely beastly.

AnalystAlan

ok. i should clarify more as that didnt come across correctly. i mean i can definitely see an MPS of 58-62 given the difficulty of that exam if the CFAI is going to maintain a passage rate of 35%-45%. I dont consider myself a slouch, did very well on level 1 in december which had a 36% pass rate. felt i put in the same effort, if not more for level 2 but found the exam to be more difficult than schweser practices and CFAI mock.

AnalystForum

blogger Wrote:
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> ok. i should clarify more as that didnt come
> across correctly. i mean i can definitely see an
> MPS of 58-62 given the difficulty of that exam if
> the CFAI is going to maintain a passage rate of
> 35%-45%. I dont consider myself a slouch, did
> very well on level 1 in december which had a 36%
> pass rate. felt i put in the same effort, if not
> more for level 2 but found the exam to be more
> difficult than schweser practices and CFAI mock.

If you can pass L2 with just a little more effort than L1 then my hat is off to you. My latest attempt at L2 was double my L1 effort in 2009.

KungFuPanda

ohai Wrote:
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> A minimum passing score in the 50s would also
> be... pretty ridiculous. CFAI would basically be
> saying that you are worthy of continuing the
> program if you know half of the material.


That isn't true - the exam is structured in a way that I would say about 15-30 percent of the total material is tested. So you A-study your a@@ off and knew everything or B) got lucky on cramming for the exam. I find it was a big crap shoot.



Edited 1 time(s). Last edit at Tuesday, June 21, 2011 at 02:43PM by letsdothis.

meghanjackson

I think that the MPS will be close to 70% and the pass percentage will be above 45% this year. (unless CFAI wants to screw us all and decides to raise the MPS).
Almost every one on this forum said that the exam was easy. Agreed that this forum may not be representative, but I think the forum members are not far above the average.

Best of luck to you all in your forthcoming exams.

ruchita

psriniva Wrote:
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> I think that the MPS will be close to 70% and the
> pass percentage will be above 45% this year.
> (unless CFAI wants to screw us all and decides to
> raise the MPS).
> Almost every one on this forum said that the exam
> was easy. Agreed that this forum may not be
> representative, but I think the forum members are
> not far above the average.

Seriously? If they set it close to 70% then passing rate would be close to 35%. 45% would be the case if they set the MPS close to 61-63%.