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22#
发表于 2011-8-25 00:17
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janakisri Wrote:
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> Doesn't say much about the program and the quality
> of the test if the absolute majority scores low in
> most of the essay q's . Just reeks of ambiguous
> wording and subjectivity. My PM looked fabulous ,
> but the AM was a disaster. How is that possible?
I think there's a fairly straightforward explanation for the low-AM-score / higher-PM-score phenomenon:
In the PM portion, L3 is all multiple choice, so the first 33% of a candidate's score is essentially a freebie: even someone that has never heard of the CFA curriculum should score 33% just by guessing. From there, it doesn't take too much learning (or even luck / random variation) to reach >50%.
In the AM portion on the other hand, most of the questions are written answers, so there are far fewer freebie grades: an unprepared candidate is starting much closer to 0%, and is much more likely to fall short of the 50% mark.
If you look at the score matrices of passing candidates posted on AF, you'll see that for the most part, the distributions of morning scores fairly closely resembles those of afternoon scores. |
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