Mainland China 54% passing RATE? SERIOUS???

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Don't understand how that is possible and totally beating the rest of the world in terms of average! Can someone provide some type of explaination?
 
It's incredible! Are they smarter?
Quite interested to see breakdown of their profiles.
I know they are smart but their score is amazing.
 
No one cares right? I just find it quite incredible.
 
By country/region, the pass rates for the Level I exam are:



United States: 34 percent of the 7,094 total exam candidates

Canada: 35 percent of the 1,690 total exam candidates

Europe: 35 percent of the 3,049 total exam candidates

Germany: 42 percent of the 391 total exam candidates

United Kingdom: 34 percent of the 1,653 total exam candidates

Asia Pacific: 31 percent of the 5,710 total exam candidates

India: 36 percent of the 1,288 total exam candidates

Mainland China: 54 percent of the 1,298 total exam candidates

Latin America: 35 percent of the 136 total exam candidates

Africa/Middle East: 23 percent of the 862 total exam candidates

On cfa homepage
 
yes, they are smarter and they are going to take all of the jobs...ruuuuuuuuunnnnnn!!
 
Its a communist Country they probably Make them study for there job for a year or so...... Friggin Communists
 
Mr.Good.Guy

Communists will never sit for CFA exams, but Chinese actually work more hard.
 
With the cost of the exam equivalent to their annual salary, they can't afford to treat it lightly.
 
100: What you said was a laugh riot!

From my experience, the Chinese people coming from China aren't smarter than the rest of us; they simply study much harder. They have a completely different mindset from the Chinese-Americans (especially those who were born in the US); Chinese-Americans believe in having some sort of life besides work and school. For example, instead of studying last night for Ethics, I watched The Shield on TV (I caught both the 10 PM and the 11 PM shows) and then spent another hour surfing through the AnalystForum.

I'm still having trouble believing that 54% passing rate, though. It's just too incredible!
 
yes, we are smart--(not smarter)

we just work hard and some of us may good at exams.....that is it!

Goodluck!
 
Being chinese and born and raised in North America, and also having the privilege of spend time in Hong Kong and China, i am not very surprised that its a 54% pass rate. As a matter of fact, if anything, im surprised its not even higher.

I agree with many of the comments above that Chinese people arent smarter than any other race out there, but they do study MUCH HARDER. Its true that they have a different mindset. I'll be the first to admit it; i was born in a western country with western habits of partying and wasting time when i could of used that time more effectively for studying.

The thing with China, is that many of them are good at things like crunching numbers and math so it doesnt surprise me that much. Rarely will you ever attend college in Canada or US and see other foreign chinese students take a BA in liberal arts or Sociology. Its always engineering related, physics, math, finance etc.....so no. it doesnt surprise me.

what does surprise me is how so many of them passed, since im under the assumption that there is no "chinese translation of CFA exams". Alot of these guys probably had to work twice as hard in learning english, WHILE studying for the exam.

Having said that, it kinda sucks for me, cause im taking the level I exam in june, and now i have to fight it out with about 2348752039847520984 million chinese people to get into the top percentile! doh!!!
 
This is what I heard....

Just like how they have full-time GMAT prep classes for something like 6 or 9 months before the exam, they have the same courses for CFA, MCAT...etc...

And some of these course are government funded...

so imagine going to class 5 days week, 5 - 6 hours a day and all they do is prepare for the exam...I'm sure you'll be particularly well...

I'm sure this is not for everyone over there, but I hear these classes are pretty big

...given they can devote their entire time, I guess you can say they did work harder...
 
I am a foregn student, and I admitted it's hard to prepare the CFA exam, especially the ethical part. Those vocabulary really confused me much. While I passed it, and I believe you guys can do it, too.

I also agree that Chinese people are working hard to prepare every exam because this is their education system, and most of them have to compete in this sytem and try to survive. So, this result didn't surprise me.


One thing I have thought about it before the day I took this exam.
The exam dates were on Dec.3 and Dec.4 in different test centers, and assume the content of the exam is the same or similar.
If anyone going to take advantage of this time lag?
For example, someone takes the exam in USA, and then passes the exam questions to other countries.....

Guess what will happen.....



Edited 1 times. Last edit at Wednesday, January 18, 2006 at 06:16PM by greatwillis.
 
they also have 20x the population of the UK, and like someone said, get fired in shanghai, and you are probably screwed, so you study like a dog, whereas in america and the west a lot of clowns take it. in my office the BOMs think its a way into the front office, until they fail, it costs us a few thousand a year.
 
Well, I aslo agree that the Chinese study much much harder, for food, for job, and for their future.

Another explanation for this seemingly unbelievable high pass rate is that the 1,298 candidates are probably the elite group of Chinese who are already in or aspire to get into the investment community. Imagine 1,298 people out of 1.3 billion, cream of the crop, best of the breed, yah? So 54% pass rate is definitely not surprising me at all. If not for the fact that the exam must be carried out in English and a lot of the questions this year seemed to test your command of English language rather than investment knowledges, I bet the rate could have been much higher.
 
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