shit, I suppose the top 1% will get 340-350 at most, so 70% of 345-350 will get us a passing score of like 230-245 I am still 50-50 to pass…
yeah i am with you on that - i use 252 which is 70% of the 360 just to be conservative but i agree with you. i have been doing the math nonstop since i missed the entire last question of the am exam
jimmy - that sucks as the last Q on AM was very quick and easy. Not huge points though. You s/b ok if you did well on the rest.
I missed pension WACC calculation, how many points for that? 5 points? missed forward and put(yen), and also missed others… it seems I got around 236-242, damn.
thanks bhil - i figure i need 74% to pass now from the math i have been working on- not the end of the world. but still crappy
how many points for the required return question (just the second part - calculations part)? I dont believe i will get any marks for it. Also, how many points for the last question’s second part - 9 pts?
the whole last q a.m. was 18pt for sure, can’t remember the break down though
wuyuan17 Wrote: ------------------------------------------------------- > shit, I suppose the top 1% will get 340-350 at > most, so 70% of 345-350 will get us a passing > score of like 230-245 > > I am still 50-50 to pass… the pass rate should be lower for this exam if you are using the 70%. unlike level 1 and level 2 the written part is marked subjectively thus it’s harder to get full marks all the time for it. so i put the pass rate a bit lower for level 3 compared to the other ones
I’m not sure of this, because I feel the exam was easy so the passing score might be higher than in the past, anyone else think this way?
actually i feel the essay part helps - from previous posts from past markers it appears that the cfai does give out part marks - i think this is a huge plus - people are thinking they bombed questions because they only did 4 out of the required 5 steps for them - but they might actually come out with more points than they realized.
I screwed up the Req. return question and the second part of the Q 11. My worst case scenario is 250, with expected around 275. Crossing my fingers and hoping to pass this time.
Looking at last years results - people passed with 62% (using 40/60/80 rule). As this rule does not give you credit for super good performance (> 80%), i expect similar passing score (rule generated, not actual).
sunkist - how did you figure that out? - thats extremely low
I looked at the 40/60/80 scores of the people who passed last year. 62% seems to be the passing score from that. 62% of 360 ~ 225. So, it is not too far off from 230-245. So I am saying something close to 225-240.
Everyone has some breathing room, don’t ruin your summer. Say you blanked on 30 pts in the AM (didn’t even write anything down) and got 70% on the remainder of the morning, you’re at 58% in the AM. Then the afternoon you get about 75% you have 240 pts, a 66.6666% overall, and a good chance at a pass popping up. Everyone take a deep breath and go have some fun.
No way did the top 1% average that high. The morning exam while not being trick is just not the kind of thing you can get a perfect score. I meant the candidates are smart but they aint geniuses while its not hard there is no reason to study for a perfect score so anybody who is doing that well has wasted there time. I am sure most reasonable people would stop when they were aiming for around 85% on the exam. None of this really matters as the CFA now uses something called the Angoff Method to figure the passing score, this worries me and i would rather use the 70% of 1% method.
what the heck is angoff method? they dont release anything, just give themselves a flexibility.
I think the required passing percentage will be a bit higher than previous years… … simply because the PM questions had 3 choices rather than 4. Ceteris paribus that should result in higher scores. NC
More I see last years passing grade, more i am convinced that the passing % is around 60-62%, i.e. 215 - 225.