35% this time? What do you think - 20 mins
35-40% range.
I can’t recall what historical pass rates are, but I’m thinking maybe slightly north of 35% due to more unemployed people taking the exam.
30%
46% its official
I saw this, wow! 46% is high.
46%… I’m not suprised considering how much easier the exam was than practice exams I was taking. If this becomes a trend perhaps the CFA will be less useful in the future?
wtf?! Hopefully a similarly high pass rate shows up on the LIII exam (and LII). Can’t be too self-serving.
The L1 exam was much easier than I expected. Maybe they are trying to push more people to take the CFA exams by passing more people at L1 and then keeping L2 and L3 very hard.
thommo77 Wrote: ------------------------------------------------------- > The L1 exam was much easier than I expected. > Maybe they are trying to push more people to take > the CFA exams by passing more people at L1 and > then keeping L2 and L3 very hard. Take it back!!!
ValueAddict Wrote: ------------------------------------------------------- > thommo77 Wrote: > -------------------------------------------------- > ----- > > The L1 exam was much easier than I expected. > > Maybe they are trying to push more people to > take > > the CFA exams by passing more people at L1 and > > then keeping L2 and L3 very hard. > > > Take it back!!! haha that made me laugh out loud
Could the 3-choices vs 4-choices MC question be the difference?
That’s a very high passing rate. I hope they don’t compensate that by failing more L3’s… And yes, it must be because of the 3-choices!
I don’t think CFAI wants to create a bottleneck. Given the commitment required to take on this monster, they need to, or should, or at least be aware of the importance for the exam to be a “light at the end of the tunnel” type exam. That is to say, higher passing rate in L3. Of course, I am a bit self-serving ;)…
why is this so surprising to you guys? lots of people either lost their jobs or had to get off their butts to ensure more job security. many in their last year or college had to go the extra mile to ensure entry in the market place. hence better talent took L1 this year.
surprising for sure, but there are plenty of legitimate reasons why it is higher, so not that much of a surprise I suppose. I don’t think there is any malicious intent by the CFAI to manipulate results to maximize profits, but well, I guess there is always a chance
IMO, a few things contributed to high L1 pass rate this year: - 3 choices instead of 4 - Comparatively high number of takers who had extra study time - Introduction of failure bands last year eliminated a lot of potential retakers who would have retaken if they didn’t realize how little they actually knew
i’m gonna go with the fact that the 3 choices helps those who don’t know very much a lot more than those who get the top scores… thus the MPS was approximately the same but the lucky guess % was higher for those on the cusp. thats part of it. another part is that most L1’s don’t have a job that requires crazy hours, unlike the last 10 years. an extra 100hrs of study on average will go a long way.
This is good strategy on the part of the CFA machine. Everybody who passed L1 this year will tell their buddies that it was easy and more people will sign up. L2 and L3 is where it gets tricky hence the CFA can still maintain the exclusivity of the charter and still rake in decent cash (just because more people pass L1 does not mean there will be more CFA charterholders).
^^ i like the failure band hypothesis. makes sense to me.