cfa passing score

genkideska · November 21st, 2005, 6:37 am

hi,does anybody know whther there are some rules on the cfa exam passing score (like 50% of the best score,etc.). I could not find anything on their website..

KTE · November 21st, 2005, 1:07 pm

The longstanding common wisdom is that the passing score is 70 percent of the top score(s). Analystforum.com discusses this topic at length. However, the passing scores are also influenced each year by the CFAI Board, which reviews "many factors". Their grading can be very frustrating to many Candidates because it is hardly transparent.

ppauper · November 21st, 2005, 1:21 pm

see p.10 "setting the minimum passing score

TraderJoe · November 21st, 2005, 10:47 pm

Hardly the CFA but I went to a PRM recruitment talk tonight and the pass mark on all four exams is 60% while the pass rate is around 50%. Tough course.

ppauper · November 22nd, 2005, 5:38 pm

QuoteOriginally posted by: TraderJoeHardly the CFA but I went to a PRM recruitment talk tonight and the pass mark on all four exams is 60% while the pass rate is around 50%. Tough course.I know.I am both a CFA charterholder and a PRM

TraderJoe · November 23rd, 2005, 12:17 am

QuoteOriginally posted by: ppauperQuoteOriginally posted by: TraderJoeHardly the CFA but I went to a PRM recruitment talk tonight and the pass mark on all four exams is 60% while the pass rate is around 50%. Tough course.I know.I am both a CFA charterholder and a PRMWhat did you think of the PRM ppauper? How did it compare to the CFA? Thanks.

ckelvin · November 23rd, 2005, 7:37 am

I am also interested to sit for the PRM. I have read a few chapters of the PRM materials. I reckon they have more maths than CFA. I would say PRM will be in demand.

ppauper · November 23rd, 2005, 1:24 pm

QuoteOriginally posted by: TraderJoeWhat did you think of the PRM ppauper? How did it compare to the CFA? Thanks.parts of exam 4 (the case histories on derivatives disasters) are fun.It's at a lower level than CFA and I managed to cover the material for exams 3 and 4 combined (the CFA crossover) in less than a month and 2 hours or less a day, so less than 60 hours.If you know anything about derivatives, exam 3 (risk management practices) should be a breeze.

ppauper · November 23rd, 2005, 1:26 pm

QuoteOriginally posted by: ckelvin I would say PRM will be in demand.CFA and PRM are intended for somewhat different things.CFA for fundamental analysis and asset managementPRM for risk management