Here is the email sent to the LII candidates who participated in the exam benchmarking program last summer:
Thank you for participating in the AnalystForum Exam Benchmarking
program for the June 2012 Level II CFA exam. We’ve collected a
substantial number of exam results and we’re pleased to provide you
with the following customized benchmarking report.
Benchmarking Methodology
This report’s approach uses the 40/60/80 process to estimate the
percentage of points you received on your exam. This approach assumes
you scored an average of 40% for the sections you indicated were <=50%,
60% where you indicated 51-70%, and 80% where you indicated >70%. The
result is an estimated score on the entire exam which is provided
below. The report also includes a comparison of how you performed on
each section compared to the average passing candidate. The average
passing candidate is used as a comparison to see which area you need to
improve on your next exam.
Here are a few interesting points from the Level II data collected:
* The lowest estimated passing score was 57.0% and highest estimated
failing score was 69.0% resulting in an estimated minimum passing
score of 63.0% which is the midpoint of these two figures.
* 76.7% of the Level II responses were from passing candidates. This
is most likely due to i) AnalystForum participants being more
prepared due to their use of test prep materials (found
here
http://www.analystforum.com/products/cfa) and ii) that
candidates who failed the exam already received their failing band
information with the results.
* 13.2% of the passing Level II candidates received a <=50% score on
ethics.
* The average estimated score of passing Level II candidates was
69.7%.
* The best scoring section for passing candidates was Equity
Investments (72 points) with an average score of 75.5%.
* The worst scoring section for passing candidates was Portfolio
Management (18 points) with an average score of 64.8%.
Your Custom Benchmarking Report
Below is a comparison of your score with that of the average passing
score for each section of the Level II exam:
* Alternative Investments (18 points): Your estimated score was
*|MMERGE3|* compared to 70.2% for the average passing candidate.
* Corporate Finance (36 points): Your estimated score
was *|MMERGE4|* compared to 74.1% for the average passing
candidate.
* Derivatives (36 points): Your estimated score was *|MMERGE5|*
compared to 65.8% for the average passing candidate.
* Economics (18 points): Your estimated score was *|MMERGE6|*
compared to 66.0% for the average passing candidate.
* Equity Investments (72 points): Your estimated score
was *|MMERGE7|* compared to 75.5% for the average passing
candidate.
* Ethical & Professional Standards (36 points): Your estimated score
was *|MMERGE8|* compared to 66.5% for the average passing
candidate.
* Financial Reporting & Analysis (72 points): Your estimated score
was *|MMERGE9|* compared to 69.7% for the average passing
candidate.
* Fixed Income Investments (36 points): Your estimated score
was *|MMERGE10|* compared to 67.0% for the average passing
candidate.
* Portfolio Management (18 points): Your estimated score
was *|MMERGE11|* compared to 64.8% for the average passing
candidate.
* Quantitative Methods (18 points): Your estimated score
was *|MMERGE12|* compared to 65.0% for the average passing
candidate.
* Exam Total (360 points): Your estimated score was *|MMERGE13|*
compared to 69.7% for the average passing candidate.
Thank you for participating in the 2012 AnalystForum Exam Benchmarking
program. Good luck on your next exam. If you would like to discuss
these results, please share your thoughts in this thread:
[2]
http://www.analystforum.com/forums/cfa-forums/cfa-level-ii-forum/913
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