As everyone inches closer to writing exams, I thought this type of thread might interest a few.
Curious if anyone wants to chime in about what they think ranges of minimum passing scores are like for the standardized finance exams like?
FRM
CFA
CIPM
My guesses:
FRM
- heard through the rumor mill that it is often calculated as 75% of the top 1/5% (forget which one) so my guess is that the MPS's theoretical max is 75% but more often than not, it will fall in the range of 62-69 for both P1/P2.
- I thought 69 is a reasonable upper end because it means the top 1%/5% candidate scored 92%, suggesting only 8 wrong in the P1 or 6 wrong in P2
CFA
- the old method was to use 70% of the average of top 1%, but the new method is "who the hell really knows, but most likely will be in the range of the old method"
L1, 68-70%
I imagine there will be a few that will get perfect on this that the MPS is pretty tight near 70%
L2, 64-68%
Just look at the passing score evidence produced by some forum folks.
L3, 62-66%
Just look at the passing score evidence produced by some forum folks.
CIPM
L1, 70% (???)
Not much data to go by but I can see that out of the <300 candidates taking this exam, there will be a few very close to 100%
L2, 70% (???)
Some help would be nice. No clue at all. The only thing to go by is the 70% of top 1% benchmark CFA used to use since they are administered by the same board of directors.
Curious if anyone wants to chime in about what they think ranges of minimum passing scores are like for the standardized finance exams like?
FRM
CFA
CIPM
My guesses:
FRM
- heard through the rumor mill that it is often calculated as 75% of the top 1/5% (forget which one) so my guess is that the MPS's theoretical max is 75% but more often than not, it will fall in the range of 62-69 for both P1/P2.
- I thought 69 is a reasonable upper end because it means the top 1%/5% candidate scored 92%, suggesting only 8 wrong in the P1 or 6 wrong in P2
CFA
- the old method was to use 70% of the average of top 1%, but the new method is "who the hell really knows, but most likely will be in the range of the old method"
L1, 68-70%
I imagine there will be a few that will get perfect on this that the MPS is pretty tight near 70%
L2, 64-68%
Just look at the passing score evidence produced by some forum folks.
L3, 62-66%
Just look at the passing score evidence produced by some forum folks.
CIPM
L1, 70% (???)
Not much data to go by but I can see that out of the <300 candidates taking this exam, there will be a few very close to 100%
L2, 70% (???)
Some help would be nice. No clue at all. The only thing to go by is the 70% of top 1% benchmark CFA used to use since they are administered by the same board of directors.
