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- Topic: Why do so many people fail?
| Author | Topic: Why do so many people fail? |
|---|---|
| markh @2015-04-13 21:03:21 |
I don't understand why the pass rate is so low. I know many people who have taken the exam and all have passed each level on the first try. I also saw about 5 people I know in the ATL testing center last Saturday that I am sure will pass. Do that many people without a finance/accounting background sit for the exam? I guess I just don't understand how 60% of people fail when you only have to get 70% of the answers correct. Has the CFA institute published any stats on the backgorund of those sitting for the exam? just curious |
| cfaguru @2015-04-23 12:02:53 |
Many people think their MS in Finance or MBA will carry them and start studying in Thanksgiving. I talked to a few people who did that. I was funny to talk to them again right before the PM session and hear them say "Yea so I found myself guessing a ton..." Sorry but I don't care how much finance background you have. The exam questions were so detailed, it would be impossible to pass without studying no matter how smart you are. |
| kiddobeatrix @2015-05-11 08:39:13 |
After a little studying, someone with a strong finance background shouldn't have that hard of a time passing. I suppose some people might not have studied because they thought it would be easy for them...but this wasnt the case for anyone I know. All have MBA's and studied a good bit. They will pass...so who are the people failing? I think the "english barrier" might have something to do with it, too. anyway, hope everyone on here did well. I used this site a good bit and it was very helpful. |
CFA Discussion Topic: Why do so many people fail?
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
