Pass rate?

[jaas]

I think I read on the GARP website that the pass rate was basically the top 5% of test takers. Is this correct, and if so can anyone provide any further details of this nature?
Thanks,
JS

 

[SalZ]

schweser site says 44% if you click on the Premium/Essential Solution Comparison link.

 

[DoubleDip]

no! this is not true. the pass rate is similar to the CFA exam. There were some statistics given in the schweser prep course last year. http://www.garp.com/frmexam/FRMstats.aspx
Year Pass Rate
1997 37%
1998 43%
1999 54%
2000 53%
2001 63%
2002 59%
2003 54%
2004 52%
2005 44%
2006 45%
2007 44%
2008 42%