What will be the MPS this year?

CFA Level II
#1

This was my first time taking L2 and I have never really spent time trying to figure out the CFAI MPS process. What you guys think will be the MPS this year maybe compare to last year (for the retaker). Do you think that the pass rate will be above or below 40%?

#2

This has a very similar vibe to the 2011 test, it will be around 41% with mps of 65 or so

#3

I think it will be in high 60, may be in range of 66-68 %

#4

68 implies the top 10 percent got 97% no chance that happens . It was easy but not that easy

#5

This could be the first year MPS > 70… although CFAI said nobody who scored > 70 in the past has ever failed but past performance doesn’t guarantee future performance.

#6

On a related note. If this test is representative of all years I have a friend who I guaruntee would have scored 100% in his year. I wonder how many people do each year?

#7

Is this a legend or a fact that the CFA’s MPS is based on 70% of the top 1%'s scores?

#8

The MPS is not going to be above 70%, no way. I’d guess it will be mid 60s.

#9

I think it will be a maximum of 65% this year.

Last year I think it was closer to 60%.

#10

+1 on gringo_bob’s answer, was about to post the exact same thing. It sounds easier than last year’s but I don’t think you’re going to see a 10%, or even 8% jump for the whole field!

#11

Reading you guys comments it seems like everybody feel good about L2 this year. You can be confident that he got at least 70%? I am not…

#12

I am def not on the confident boat of riders… this was a fair and well written exam, but I’d say 55-65% range (No experience/ don’t quote me/ just trying to play the MPS game lol)

#13

55%-65% for the MPS…gosh that will be like a 80% pass rate it you’re right…

#14

MPS will likely be where it always is, mid 60s. The level if difficulty on any exam is relative to the individual. Last year had its share of easy questions and hard questions, and personally I found it no less or more difficult (discounting that I understand the content much better this year). People on this forum represent a very tiny minorty of exam takers.

#15

MPS will likely be where it always is (speculated at least), mid 60s. The level if difficulty on any exam is relative to the individual. Last year had its share of easy questions and hard questions, and personally I found it no less or more difficult (discounting that I understand the content much better this year). People on this forum represent a very tiny minorty of exam takers.

#16

Just curious, why does everyone assume so many people did very well this year? From people stating their confidence on AF boards? How many L2 takers were there globally, and how many of them frequent AF? Couldn’t this conceivably be a very small sample size, and biased at that?

#17

Probably is biased. I think a major reason it felt “easy” was because it was “easier” than the Mock (which had some poorly worded questions). I definitely feel that I did better on the actual test than on the Mock, except for Ethics and Alt. Investments.

#18

Fully agreed jwn566! There is definitely a backfill bias on AF.

I worked very hard over the last 6 months: I read CFA material twice, did all the CFA questions and EOC questions twice at least. I read schweser just to check I mastered the concepts! In may, I worked from 8am till 2 am all the month long. I’m lucky! Indeed I’m starting a hedge fund in Paris and I’m waiting for the license (within 2 weeks hopefuly) from the regulator. My associates let me study hard!

I want this level 2. I think I deserve it: I have at least 300 study hours only in may!

On the mock exam I was between 68% and 80% (BSAS mock exam was very easy).

Unfortunately it will be very difficult to retake this level 2 next year: too time consuming when you are an entrepreneur in finance with 2 kids…

#19

Yep jwn566, you are right. This is the mega-obsessed crowd who put a very high value and a correspondingly very high effort into this exam. Unfortunately I wasn’t one of them because I don’t have time with work and family to devote more than 5-6hrs a week to studying but rest assured that I know more than a few people who prepare far less than the vast majority on this forum because they don’t reprioritize their entire life around this test. I spoke with a few people who told me they’d be surprised if they passed it this time around.

#20

I am thinking the same thing…are we just naturally better prepared than the general test taking population? The fact that everyone thinks it was relatively ‘easy’ worries me…the margin between pass and fail could be shrinking