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- Topic: Is the CFA exam curved?
| Author | Topic: Is the CFA exam curved? |
|---|---|
| hafsa @2018-07-05 22:21:43 |
I was wondering if the CFA exam is curved? Meaning the mythical 70% mark applies to the top 1% and then 70% right? Meaning if the highest 1% score is a 230/240, then the 70% is applied to the 230 right? |
| justbassbaby @2018-07-09 07:50:49 |
CFAI doesn't say exactly how they grade the exams. One way that has been discussed as a likely possibility is the angoff method. Also, it's been said that candidate's results are typically bi-modal, and there's a fairly natural breakpoint for the passing score. |
| amitgupta1 @2018-07-21 18:58:58 |
CFA Institute is, in fact, quite explicit about this: Since 1996, CFA Institute has used the modified Angoff Standard Setting Method to assist the Board of Governors in establishing the minimum passing score (MPS) on each CFA examination... |
