2025 CFA Level I Exam: CFA Discussion Topic: Is the CFA exam curved?

Author	Topic: Is the CFA exam curved?
hafsa @2019-07-05 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?
amitgupta1 @2019-07-21 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...

To post a new topic or reply to a topic, please log in or register for a free user account.

I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!