What do you think? I thought the scores looked solid and should have passed. I feel much better this year but it’s annoying to re-take exam when I missed the margin of success by a point or two: Q# Topic Max Pts <=50% 51%-70% >70% - Alternative Investments 18 * - - - Corporate Finance 36 - - * - Derivatives 36 - - * - Economics 18 - - * - Equity Investments 72 - - * - Ethical & Professional Standards 36 * - - - Financial Reporting & Analysis 72 - - * - Fixed Income Investments 36 - - * - Portfolio Management 18 * - - - Quantitative Methods 18 - * -
You might have gotten screwed by the Ethics adjustment.
its simple…your overall score wasnt greater than the MPS…the sectionals dont matter… no point over-analyzing…hope u clear this year…atb
Thats a clear case of getting fked by Ethics. A 51-70% in ethics = pass for you I think
wow I can’t believe that score was a fail. I’ve seen at least several score with worse bands than those and passed. I’d have to agree with Ethics adjustment
Ethics you were borderline but got an unfair break. 2 more right qs in ethics and that’s a pass guaranteed.
i think the ethics adjustments counts ONLY in ones favor and ONLY they are borderline passing. So it’s not that the ethics adjustment counted against just not for you. Besides that you got over 70 in many sections doesn’t say much at all. Maybe you got just 70 or 71 and then scre%ed all the rest, which could put your over all score, surprisingly low…
I was in a near identical situation, i had >70 in 6 sections yet I failed with a Band 10 only because IMO I got <50 in ethics
Hard to say bro, your min score could be 58.33% and max score could be 85.83%. Since you band 10 you probably scored somewhere in the 60’s with a low score on ethics
Penny-wenny Wrote: ------------------------------------------------------- > i think the ethics adjustments counts ONLY in ones > favor and ONLY they are borderline passing. So > it’s not that the ethics adjustment counted > against just not for you. I have read somewhere that the Ethics adjustment is like this: If your score = MPS and you fail Ethics, 1 point is subtracted and you fail. If your score = 1 point below MPS and you pass Ethics, 1 point is added and you pass.
Was ethics really hard last year? What happened?
I agree, there is merit to the ethics adjustment. My strongest ex-ante topic areas where Quant and Portfolio Management – I’m sure I picked up points in those areas. For me, yes, the ethics section was hard. Some sections that I did not expect to get covered in the manner they were tested. Needless to say I overweighted study in that area this go around and felt much better about it Thanks for the analysis and best of luck to all
Penny-wenny Wrote: ------------------------------------------------------- > i think the ethics adjustments counts ONLY in ones > favor and ONLY they are borderline passing. So > it’s not that the ethics adjustment counted > against just not for you. It says somewhere on the CFA website, under the FAQ’s I think, that the ethics adjustment can work either in your favor or against you. So it’s likely he got screwed by ethics.
I have yet to see any concrete proof that there is an Ethics Adjustment at all. My Stalla professor, who has been doing this for years, claims there is no such thing. Was anyone able to find anything on the CFA website? I’m very curious.
http://www.cfainstitute.org/utility/faq/Pages/index.aspx What is the “ethics adjustment”? The Board of Governors instituted a policy to place particular emphasis on ethics. Starting with the 1996 exams, the performance on the ethics section became a factor in the pass/fail decision for candidates whose total scores bordered the minimum passing score. The ethics adjustment can have a positive or negative impact on these candidates’ final results. CFA Institute has a policy of not releasing either the minimum passing score or individual candidate scores. Consequently, CFA Institute does not release specific information about the ethics adjustment or the candidates who were affected. The adjustment has had a net positive effect on candidate scores (and thus pass rates) in most exam sessions. The published pass rates always take into account the ethics adjustment for borderline candidates.