No.
Your overall total score measured against all categories is used to rank you and if this is above the Minimum Passing Score (MPS) by at least a few points you will pass irrespective of your Ethics score.
It is suggested by the CFAI that the Ethics results is used as a deciding factor for those who are marginally above or below the MPS and therefore it is suggested you score as well as possible in this section as an additional safety margin.
However, the direct answer to your question is a resounding NO!!!
You should go check out the results thread for previous exams where people posted their matrix score as well as whether they passed or failed. A bunch of them passed with a below-50 score in Ethics. It’s your overall score that counts so don’t get too stressed over your Ethics score. I would not suggest ignore the Ethics part completely though. That would be a whooping 15% that you are throughing away.
Ethics is important only if you are on borderline pass/fail…if your other scores are such that you are on the border of failing, a good ethics score has more weight and tips you into pass…
Alladin wrote:
Ethics is important only if you are on borderline pass/fail…if your other scores are such that you are on the border of failing, a good ethics score has more weight and tips you into pass…
Is the corollary to this logic also true.
For example - If someone has barely passed (say MPS+2%) then in this case can a “low/very low” score on ethics may result in him being failed??
The FAQ section of the CFA Institute addresses this issue under a question that says “what is the ethics adjustment?” The CFA Institute notes here that when its Board of Governors instituted a policy to place particular emphasis on ethics, from the 1996 exams onwards, performance on the ethics section became a factor in the pass/fail decision for candidates with scores close to the minimum passing score (or MPS, which the Institute never publishes). It adds that this ethics adjustment can have a positive or negative impact on such candidates’ final results. Most importantly, the CFA Institute confirms that this adjustment has had a net positive effect on candidate scores and pass rates in most exam sessions.
Read more: http://www.investopedia.com/ask/answers/12/cfa-ethics-section.asp#ixzz2CgQWnPHF
Alladin wrote:
The FAQ section of the CFA Institute addresses this issue under a question that says “what is the ethics adjustment?” The CFA Institute notes here that when its Board of Governors instituted a policy to place particular emphasis on ethics, from the 1996 exams onwards, performance on the ethics section became a factor in the pass/fail decision for candidates with scores close to the minimum passing score (or MPS, which the Institute never publishes). It adds that this ethics adjustment can have a positive or negative impact on such candidates’ final results. Most importantly, the CFA Institute confirms that this adjustment has had a net positive effect on candidate scores and pass rates in most exam sessions.
so good score cna mae u pass. But bad score wont make u fail
Read more: http://www.investopedia.com/ask/answers/12/cfa-ethics-section.asp#ixzz2CgQWnPHF
Alladin wrote:
The FAQ section of the CFA Institute addresses this issue under a question that says “what is the ethics adjustment?” The CFA Institute notes here that when its Board of Governors instituted a policy to place particular emphasis on ethics, from the 1996 exams onwards, performance on the ethics section became a factor in the pass/fail decision for candidates with scores close to the minimum passing score (or MPS, which the Institute never publishes). It adds that this ethics adjustment can have a positive or negative impact on such candidates’ final results. Most importantly, the CFA Institute confirms that this adjustment has had a net positive effect on candidate scores and pass rates in most exam sessions.
Read more: http://www.investopedia.com/ask/answers/12/cfa-ethics-section.asp#ixzz2CgQWnPHF
Thanks for the pointer.
So one can conclude that a) it works both ways, but b) with a net positive impact on an overall basis.
发表于 2013-4-28 12:21
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