Hi Do you know about the statistics on this - do you have to be above 70% on all topics or only some major ones in order to pass L1? Thank you,
You could score 0% on a subject and still pass, assume you have enough points on other subjects… There is no “per subject” minimum… I would say that Ethics is important though, as Ethics performance will be used to decide if a borderline score is a pass or a fail… This all document on the grading policies on CFA Institute’s website…
If you go back in time on this forum you will see threads were people posted their results and you can see most of the people pass without getting >70% in all sections.
It’s just like any test that you take in school. There may be different topics and sections, but your score is the number of points awarded over the total points in the exam. Note that they do say that ethics can have an effect on borderline cases. My theory (no real basis) is that they run a second score withethics questions weighted as more points and look at the new score for those people within a certain margin of the passing cutoff.
Super I Wrote: ------------------------------------------------------- > It’s just like any test that you take in school. > There may be different topics and sections, but > your score is the number of points awarded over > the total points in the exam. > > Note that they do say that ethics can have an > effect on borderline cases. My theory (no real > basis) is that they run a second score withethics > questions weighted as more points and look at the > new score for those people within a certain margin > of the passing cutoff. I think your exactly right…
Now that we’re coming up on exam day I figured it would be a good time to give this a bump. Does anyone have anything else to add as far as minimum pass scores? I hear 70% getting thrown around a lot and for some reason I’m a little incredulous towards that number. While I’m far from an expert on the material I’ve managed to score over 80% on three different mocks so I have a hard time believing that over one half of level 1 candidates can’t score at least 70%. Should I be worried?
naah mate you are just one of those brilliant super IQ precious turds!!! sorry I meant nerds!!!
We do have basis for what Super I said. I’ll post to some random website later. notic - good job. keep studying. You will just be a good step up on the LII material if you have the LI material completely iced. But I promise, the passing score will be less than 70% and if you score consistently above 80% you will pass. First bet offered - I’ve got even money with you that you will pass and the bet is whatever the test costs nowadays ($600). So you can hedge all but your time. If you want to hedge an hourly rate on your time, you will have worse terms. Sorry, dude, best I can do.
Cfai wont fail you if you score over 70% on the whole thing. Its a good number to use as a cut. It seems deceptively easy because of all the trick questions cfai throws. People usually get a lot more questions wrong than they believe
^ + 10 calculations for example, you can make mistakes and still get to an answer that is among the choices, depending on the mistakes you make or not you can get to any of the three answers given, careful about this one; also, most/least likely; is incorrect/correct; is/ is not sounds obvious but it’s easy to fall for the trick
JoeyDVivre Wrote: ------------------------------------------------------- > We do have basis for what Super I said. I’ll post > to some random website later. > > notic - good job. keep studying. You will just > be a good step up on the LII material if you have > the LI material completely iced. But I promise, > the passing score will be less than 70% and if you > score consistently above 80% you will pass. First > bet offered - I’ve got even money with you that > you will pass and the bet is whatever the test > costs nowadays ($600). So you can hedge all but > your time. If you want to hedge an hourly rate on > your time, you will have worse terms. Sorry, > dude, best I can do. Haha thanks Joey. I’m not as concerned about the cost as much as the time I’ve put in to studying for the exam. Hopefully after three more weeks of review I can maintain that 80% which would give me a 10% buffer, enough to let me screw up Ethics entirely!
^ well technically, probability will give you a 3.33% out of the 10% on ethics by random guessing : D so shoot for 76.67% haha