But i think with the CFA, itβs a bit unclear. A friend of mine had a better result than the one above but still failed with a band 10 on a december exam.
One thing i played around with is to generate 30,000 randomn numbers between 45% and 90% in excel, assuming these are the lower and upper boundary of the exam scoresβ¦I then checked for the 40th percentile score and i still ended up with bloody 70%β¦If i allow this a plus or minus 2% deviation from this score, we will have an MPS between 68% and 72%.
So, i would expect that those that typically got caught out on the band 10 lorry, are those who scored between 59% and 67%. for those in the upper bound of this group, (i.e 65% and 67%) an ethics adjustment may see them shifted into the pass category.
Obviously, all of that could be BS for all i care. With the high numbers of βWhat an easy examβ recorded in the other thread, the MPS could be anywhere between 85% and 95%.
The Irony of this whole thing is that the more others think the exam was really difficult, the better your chances of passing. phew!
Here is my breakdown from June. I was a 10 band fail.
Alternative - * -
Corporate Finance - - *
Derivatives - * -
Economics - * -
Equity Investments - * -
Ethics - * -
FRA - - *
Fixed Income - * -
Portfolio Management - - *
Quant - * -
If you assume I got middle of the pack on each section ala 60 for 50-70 and 85 for over 70 I end up with a 164/240 for an 68.33%. So either the MPS was closer to 70 or the more likely I was a little closer to the bottom edge of a few sections.