Pass rates have been published..
http://www.garp.com/frmexam/frmstats.aspx
http://www.garp.com/frmexam/frmstats.aspx
Official Pass Rate FULL: 44.1%; Level 1: 55.2%
- Thread starter mdm04
- Start date
Thanks for pass rates.
We just surveyed all of our 2009 customers.
The pass rate for our customers (i.e., bionicturtle.com customers) who did respond to our survey was approximately 74%.
(we asked pass or not pass, so I don't have L1 vs Full breakout; however, over 80% of our 2009 customers were Full Exam customers.)
So applying inference statistics (proportion mean of binomial distribution), and ignoring selection bias, I conclude:
with 95% confidence, our blended pass rate for our customer population is 74% +/- ~10% or
with 95% confidence, blended pass rate between [~64% and 84%]
...qualitatively and anecdotally, this definitely was our best result yet (and, from the feedback I'm getting, it appears to possibly be the best result ever achieved by any FRM provider. Note: while I am personally confident this is true due to my faith in statistical inference, I am not technically making this assertion because the the exact and entire database is not available to me), so we are thrilled and very motivated to improve even more. Thanks, David
We just surveyed all of our 2009 customers.
The pass rate for our customers (i.e., bionicturtle.com customers) who did respond to our survey was approximately 74%.
(we asked pass or not pass, so I don't have L1 vs Full breakout; however, over 80% of our 2009 customers were Full Exam customers.)
So applying inference statistics (proportion mean of binomial distribution), and ignoring selection bias, I conclude:
with 95% confidence, our blended pass rate for our customer population is 74% +/- ~10% or
with 95% confidence, blended pass rate between [~64% and 84%]
...qualitatively and anecdotally, this definitely was our best result yet (and, from the feedback I'm getting, it appears to possibly be the best result ever achieved by any FRM provider. Note: while I am personally confident this is true due to my faith in statistical inference, I am not technically making this assertion because the the exact and entire database is not available to me), so we are thrilled and very motivated to improve even more. Thanks, David
Congrats David for BT's performance..
Some Conclusions:
A) New York , London , September 2, 2009 – The Global Association of Risk Professionals (GARP, www.garp.org) today announced that its Financial Risk Manager (FRM®) program registered 22,854 certification candidates as of the close of its standard registration period ended August 31, 2009. This represents a 70% increase from the number of FRM candidates registered to take the exam at this time a year ago. Registration closes on October 15th
………According to GARP now, a total of 23,391 candidates have registered…that means only 537 candidates registered from 1st Sep to 15th October….
B) As per earlier statistics, 6476 candidates cleared FRM Full and 981 candidates cleared FRM Level 1…and applying the below pass rates of 44.1% for Full and 55.2% for L1 to the below registrants statistics…we get a figure of 1777 people out of 2721 sat for the L1 exam…and 14,685 people out of 20,670 sat for the Full exam…so overall that’s almost a 30% “no show” for the exam…..if we assume pass rate as percentage out of registrants, it comes down to 31.3% for Full and 36% for L1…
Some Conclusions:
A) New York , London , September 2, 2009 – The Global Association of Risk Professionals (GARP, www.garp.org) today announced that its Financial Risk Manager (FRM®) program registered 22,854 certification candidates as of the close of its standard registration period ended August 31, 2009. This represents a 70% increase from the number of FRM candidates registered to take the exam at this time a year ago. Registration closes on October 15th
………According to GARP now, a total of 23,391 candidates have registered…that means only 537 candidates registered from 1st Sep to 15th October….
B) As per earlier statistics, 6476 candidates cleared FRM Full and 981 candidates cleared FRM Level 1…and applying the below pass rates of 44.1% for Full and 55.2% for L1 to the below registrants statistics…we get a figure of 1777 people out of 2721 sat for the L1 exam…and 14,685 people out of 20,670 sat for the Full exam…so overall that’s almost a 30% “no show” for the exam…..if we assume pass rate as percentage out of registrants, it comes down to 31.3% for Full and 36% for L1…
I don't find both statements very unusual. CFA exam has most times the same high rate of "no-showers". Due to the difficulty of FRM, a lot of peoply may have underestimated the fact how time consuming FRM really is and couldn't do it. The same with the registrations. Do you rly think it makes sense to register only one or two month before the exam?
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