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You say this as though you know this. Do you know this? Or you’re guessing this.Peter13 wrote:
… and CFA automatically sends these post exam survey emails to candidates who have been successful …
I have seen this happen in the past, and I do believe the institute will not sample anyone in their surveys as they only look for quality responses as these are taken into account when publishing the new curriculum and planning next year’s exams - and have seen a few examples that confirmed this. So if you receive an email its always a good signbiuku wrote:
You say this as though you know this. Do you know this? Or you’re guessing this.Peter13 wrote:
… and CFA automatically sends these post exam survey emails to candidates who have been successful …
This is another part of the process that you think is done under the cover of night? Why would the CFAI want data from the successful candidates but not the unsuccessful ones? Are they looking for a biased sample?Peter13 wrote:
Even though this information is not reveleaed, our exams have arrived at CFAI already since last week and have been graded by the scanning equipment, and CFA automatically sends these post exam survey emails to candidates who have been successful to obtain useful data from them regarding the whole process. So if you did get an email then your chances are good.
Firstly, do understand the CFAI do not distribute the surveys to all candidates, and the candidates are not randomly selected. Those that have been chosen are chosen for a reason. If they distrubute it to everyone, some candidates might not have taken the exam and hence provide biased opinions, and some who have performed poorly might not have even read the curriculum and again provide a biased opinion. Selecting successful candidates does not indicate a biased sample. The insitute wants quality responses to tailor their curriculum and plan for the forthcoming season accordingly. So for all those who have been received correspondence from the institute- things look very promising for you.tickersu wrote:
This is another part of the process that you think is done under the cover of night? Why would the CFAI want data from the successful candidates but not the unsuccessful ones? Are they looking for a biased sample?Peter13 wrote:
Even though this information is not reveleaed, our exams have arrived at CFAI already since last week and have been graded by the scanning equipment, and CFA automatically sends these post exam survey emails to candidates who have been successful to obtain useful data from them regarding the whole process. So if you did get an email then your chances are good.
Furthermore, why would they opt to collect data in a manner that would indicate whether someone passed or not way before the results are released? Wouldn’t it just be easier and more discrete for the CFAI to distribute the survey to everyone, and record the results with another variable indicating the candidates exam performance (could easily be done with a simple computer program…)?
The email doesn’t mean squat, unless you have real data (not anecdotal evidence) that you can share with us to suggest otherwise…
Do you have a source for this statement? It seems pretty reasonable to assume that they take a random sample of candidates who sat for the exam to get their information. Unless you have a source, it’s less likely that the surveys are not randomly distributed to candidates who sat for the exam.Peter13 wrote:
Firstly, do understand the CFAI do not distribute the surveys to all candidates, and the candidates are not randomly selected.
Again, do you have an authoritative source for this?Peter13 wrote:Those that have been chosen are chosen for a reason.
Right, so they randomly send the survey to a subset of candidates who sat for the exam. Candidates who did not sit for the exam are likely representing a different population than the population of interest.Peter13 wrote:If they distrubute it to everyone, some candidates might not have taken the exam and hence provide biased opinions
I’m pretty sure the survey asks what study materials you used (official, kaplan, etc.). This is data the Insitute wouldn’t mind having. Also, you should also consider that some candidates do read the official curriculum, yet still do poorly.Peter13 wrote:and some who have performed poorly might not have even read the curriculum and again provide a biased opinion.
It likely does if you’re trying to make generalizations about all candidates who took the exam, for example. You could only make generalizations (i.e. inferences) about the population of students who performed well. Doing otherwise would mean that your using a biased sample (because successful candidates alone are not representative of the entire examinee population).Peter13 wrote:Selecting successful candidates does not indicate a biased sample.
So your assumption, then, is that only successful students provide quality responses? This doesn’t seem like a very reasonable assumption (someone performing poorly on an exam doesn’t necessarily mean they can’t answer survey questions in a reliable and objective manner).Peter13 wrote:The insitute wants quality responses to tailor their curriculum and plan for the forthcoming season accordingly.
Again, do you have an authoritative source or empirical data? I know people who received the survey last year. Some of those people passed and some of those people failed. There is also the issue that I mentioned previously regarding the survey indicating success far in advance of the actual results (according to your theory). Why would the Institute do this? According to the timeline, the MPS hasn’t been set yet (so they don’t know who passed).Peter13 wrote:So for all those who have been received correspondence from the institute- things look very promising for you.
OK thanks, that puts to bed the notion that receiving the survey is an indication of a pass.jounin83 wrote:
yes i did, got it last year.
Band 7 last year even though > 70% for FRA, Equity, Derivatives, Quant and 51-70-% for CF.