REALISTIC ESTIMATE OF PASSING SCORE...JUNE L1

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yahyah1

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Based on some research I have done it seems that we should expect that approximately a 63% will get you a pass. I believe that the top 1% average around a 90%, and CFA takes 70% of this.

Agree/disagree?
 
We can talk about this for days but the answer will always be: we haven't got a clue.
 
I agree. Passing score will be between 60-65%.

But the question is will we get that?
 
cfaboston28 Wrote:
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> I agree. Passing score will be between 60-65%.
>
> But the question is will we get that?

*looks to the stars*
 
I am just curious how you can figure it out those magic passing number???? no offense, but would you elaborate a bit??
 
I'm wondering how you got that as well...... I was thinking a passing grade would be closer to 70%
 
They say that they use a combination of things. It is well known that an 80% on this test puts you in the 90th percentile.....the top 1% is LIKELY around a 90%...take 70% of that....which is what they do.....
 
Hey, it seems to me most of the candidates would "believe" CFAI grade us in "relative" grading - depend on how good the candidates did in that year (or session). But, I strongly "believe" they grade the exam in ABSOLUTE grading system. For instance, we can see most recent year the % of pass was only around 40% of people passed. So, it should not be graded in the PERCENTILE way. Any thought?
 
You are wrong. What if one year's test is significantly easier/harder than another year? Then they pass people who got an 80% and higher or 40% and higher? No.
 
cfa_nerves Wrote:
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> can some one explain the 40-60-80


It's a way of guesstimating your score. Since CFAI doesn't give you your actual score, you can use the brackets (i.e. they give you below 50%, 50%-70%, > 70%). Use 40-60-80 as the scores (for each respective interval) and weight the average according to performance for each topic.
 
Results probably won't come until mid-late July, so praying won't help. As for how passing scores are calculated, I went to a presentation by CFAI last year and posted my thoughts in this thread:

http://www.analystforum.com/phorums/read.php?11,481112,481638#msg-481638

I think what you really want is to either (a) answer a lot of questions correctly or (b) hope that the few top scorers do poorly. I put the table below together based on what I heard (see link). I asterisked the 9-question since that was observed by CFAI on one test - yeah, yeah, sample size of 1 is no good, but that's all I have. At the 9-wrong level by the top scorer, the average Joe needs a 67.4% to pass.


Total Qs_____240_____
Passing %___70%_____


# Wrong____Min
by Top______Passing
Scorer______(70%)_________Gross %
========================================
1__________167.3__________69.7%
2__________166.6__________69.4%
3__________165.9__________69.1%
4__________165.2__________68.8%
5__________164.5__________68.5%
6__________163.8__________68.3%
7__________163.1__________68.0%
8__________162.4__________67.7%
9**________161.7__________67.4%
10___________161__________67.1%
11_________160.3__________66.8%
12_________159.6__________66.5%
13_________158.9__________66.2%
14_________158.2__________65.9%
15_________157.5__________65.6%
 
they take the average of the top 1%...not the top scorer
 
I understand that; I even said it in the archived message that I linked. But I don't know the average of the top 1%. However, I do know that one year the top person only missed nine questions (wow), so you can consider my little table a worst case scenario. All of this is guesswork anyway. The only thing that matters is whether you get a P or an F in 6 weeks.
 
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