What can we expect in June? expect, previous

anothercfainnyc

Last June the pass rate for L2 was down to 39% from 41% the previous year. We have just seen the Dec L1 rate fall to 36%.

Are we in for a shocker when June arrives with maybe <35% pass rate for L2 ???

Is the CFA making it more difficult to keep the value of the charter?

jacksparrow

> Personally I found it helpful to have taken the
> exam once, I hope to master the curriculum in a
> few areas by June.......As another observation
> without any apparent logic, those looking to
> destroy, may want to stand back a little and
> actually look at what is being asked of them. We
> all want to pass and enough effort in key areas
> should hopefully see us through to L3.


what kind of work did you do? how much time commitment? thx

mp3bu

Pgiger Wrote:
-------------------------------------------------------
> The official line is that the exam is the same in
> content. Increased interest in the exam creates a
> larger pool of applicants that may be less
> committed or capable.
The 'official line' doesn't say that at all. If you go to the cfai website or look at the discussions of the board in the notes to the financial stmts. for the cfai you will see that they are inferring lower pass rates as a result of increasing dependence on study supplement materials by candidates. Don't care to argue that, just stating a fact you can go and see for yourself if you research it.

I think inferring that higher or lower pass rates will occur next year based on relatively higher/lower pass rates this year is probably kin to predicting what the weather will be tommorow (sunny or cloudy/raining) b/c of what the weather is today (sunny or cloudy/raining). Probably better to just focus efforts on studying and possibly becoming religous.

iteracom

The official line is that the exam is the same in content. Increased interest in the exam creates a larger pool of applicants that may be less committed or capable. A better indicator may be achieved by multiplying the pass rate by the number of applicants in a given period. That provides an absolute figure for those that pass.

Another important note, scoring is relative to the overall performance of the group. There may be some upper or lower threshold involved. Theoretically, everyone could get all the questions wrong. In that scenario, it would not make sense to pass a given selection.

Final note. Your logic concerning pass rates is based on a flawed premise. If pass rates were at all time lows, selection bias would be present in level II. This would result in a population that was more appropriately positioned to pass the exam. Still, there are no guarantees so study hard! I look forward to destroying the level II exam.

maryli

"Shocker"
...as in two in the pink and one in the stink?

OmarAdnan

IMO, Dec Level I was easy. Most of the post-test speculation here on AF was on MPS being above even 70%. It had me a little nervous because I felt I scored a high 70's. I ended up scoring 70%+ on all sections except Alt. Investments.

I was shocked when I saw the 36% pass rate. I really wonder what the heck CFA Institute is doing in terms of MPS and what the candidate population is generating. I cannot understand how barely 1 in 3 people passed that test. It's just bizarre.

5566

Regardless you could expect an exam that is tough and will make you want to set your books on fire after the exam is done.

That being said, good luck.