What do you think is raw scores needed to pass for CAIA Level 2 historically? I saw a post a while ago that posted a 65 out of 130 points. But that seems exceedingly low. I’m wondering if anyone else wants to offer an estimate.
Seems low-doesn’t it say on the website you need 70%? (give or take for the curve maybe mid 60’s)
65-70% focus on the essays…
essay is again just 30% weight with 20% assigned to Ethics. If you do well in MCQ, you will almost pass.
Where do you get that % from? I don’t see it on the CAIA website.
It says 70% score will be pass
pupdawg82 Wrote: ------------------------------------------------------- > It says 70% score will be pass I got that part, but I am curious about the essay portion only being 30% of the total score.
Yes weightage is 30% for eassays
Unlike the CFA website, the CAIA site seems to keep scores up forever. I passed L2 last year with the following breakdown: Commodities Between 50 and 75% Current and Integrated Topics Between 50 and 75% Hedge Funds Greater than 75% Managed Futures Between 50 and 75% Professional Standards and Ethics Greater than 75% Real Estate Between 50 and 75% Venture Capital and Private Equity Greater than 75% Essays Between 50 and 75% My rough guess is that my score was in the mid-to-high 60s. Much lower than 65% might be pushing it but there seems to be no specific guideance.
pupdawg82 Wrote: ------------------------------------------------------- > Yes weightage is 30% for eassays Can anyone point me to where the CAIA says this? The reason I care is that while I feel somewhat confident about the MC questions I’m worried about the essays. Since they will only cover a small amount of material it is the luck of the draw. I know with my luck they will all be on something that I’m not too prepared on.
In their September guide, it mentions the 30% allocated to essays. http://caia.org/caia-program/curriculum ATH is the only one that provided a guess for what a passing percentage might be. We are generally aware of the initial pass of 70%, I’m curious if anyone has any data on the curve if any on this exam. It feels like the essays can easily be <50 depending on the topics you get. Since that is worth such a huge percentage of the exam, a pass or fail can be dependent on it.
Much like the CFA, I don’t think there is any available direct data on the MPS. We are left to guess, so I will throw out 65%.
65-70 will be pass.
bunnyblaster Wrote: ------------------------------------------------------- > In their September guide, it mentions the 30% > allocated to essays. > > http://caia.org/caia-program/curriculum > > ATH is the only one that provided a guess for what > a passing percentage might be. We are generally > aware of the initial pass of 70%, I’m curious if > anyone has any data on the curve if any on this > exam. > > It feels like the essays can easily be <50 > depending on the topics you get. Since that is > worth such a huge percentage of the exam, a pass > or fail can be dependent on it. Thanks!