draz

This is straight from the FAQs section on the CFA website..

"Do the pass/fail numbers published by CFA Institute include all the registered candidates or just the ones who took the exam?

The pass rates include only those candidates who actually took the exams. The numbers do not include no-show candidates or those who withdrew. "

There you go, issue resolved. % does not include no shows.

Ionutzakis

I'm pretty sure I remember Stalla giving a presentation and them saying the pass rate included noshows. Also I somewhat remember my CFA professor saying the same thing. Don't quote me on the latter.

kmf229

Go with assumption that only 1 in 3 will pass the exam.

johnnyBuz

ZeroBonus Wrote:
-------------------------------------------------------
> cv Wrote:
> --------------------------------------------------
> -----
> > I'm kicking myself for not taking this in June.
> > How did that pass rate get so elevated over
> > historical norms and is there any chance CFA
> keeps
> > it elevated?
>
>
> a lot of people lost their jobs in 2009, so
> decided to actually SHOW UP for the exam, hence
> the high pass rate.
>
> Remember the lower pass rate in other years also
> includes all the no shows. I am pretty sure more
> people showed up for the June exam than in
> previous years.

ARe you sure it included no shows?

ftwcfa

The pass % is only from the people who attended the exam, that's for sure.

But i think probably they won't even include the people who did not attend both sessions since they don't grade their exams.

mnieman

ZeroBonus Wrote:
-------------------------------------------------------
> I thought if 100 people sign up and only 50 show
> up to take it and of that only 25 pass then the
> pass rate is 25/100 i.e. 25%?
>
> are you guys saying its 25/50 = 50%?


Pass rate is # of people who pass/Total # of test takers

If you take the morning and skip the afternoon, you are not considered a test-taker

If you don't show up at all, you are not considered a test-taker

bapswarrior

Hank Scorpio Wrote:
-------------------------------------------------------
> cfagoal2 Wrote:
> --------------------------------------------------
> -----
> > they can not have an unintended rate, if they
> > thought it was too high, they can just raise
> the
> > MPS since it is not published
>
>
> I cannot be lead to believe that the CFAI would
> not anticipate a 3 option exam being easier...


I thought that too, but in all the stuff they published at the time of the change, they insisted they felt it wouldn't make a difference, because at least one answer was always implausibly incorrect, and majority of candidates knew that, and so it was effectively always best of three.
I'm not convinced, but hey, I'm not going to argue with the great and powerful CFAI!

siavosh

I thought if 100 people sign up and only 50 show up to take it and of that only 25 pass then the pass rate is 25/100 i.e. 25%?

are you guys saying its 25/50 = 50%?

ramzes

they can not have an unintended rate, if they thought it was too high, they can just raise the MPS since it is not published

dece2011

cfagoal2 Wrote:
-------------------------------------------------------
> they can not have an unintended rate, if they
> thought it was too high, they can just raise the
> MPS since it is not published


I cannot be lead to believe that the CFAI would not anticipate a 3 option exam being easier...