cfa-exam-results

cfa-exam-resultsCFA® exam results are issued by the CFA® Institute to Level I and Level II candidates within 60 päeva jooksul pärast nende koepäivästä. CFA® Level III candidate results are issued within 90 päeva jooksul pärast nende koepäivästä.

This means that June CFA® Level I and II test takers will receive results at the end of July, ja Level III testi läbiviinud saavad tulemusi augusti alguses. Detsember testi läbiviinud (Tase I ainult) saavad oma eksamitulemused lõpus jaanuari.

If you are waiting for your CFA® results, võib teil olla mõned küsimused CFA® exam scoring process or what the overall CFA® pass rates mean for the exam. Let’s take a look at the historical pass rates and how the CFA® Institute grades and scores the CFA® exam.


CFA® Exam Results, Pass Rates, and Grading


What are the CFA® Pass Rates for Each Level?

As you can see in the schedule below, the CFA® pass rates for each level vary within a very tight band. Level I candidates have the lowest pass rate. This makes sense because this is their first exam.

While Level III has the highest pass rate, do not be fooled that this is the easiest test. Candidates taking the Level III exam include those who have passed Levels I and II or those who are re-taking the Level III exam. seega, the Level III candidates pool is more experienced than first-time or ‘casual’ Level I test takers.

CFA® Exam ResultsDecember 2018June 2018December 2017June 2017December 2016June 2016
CFA® Level I Pass Rates45%43%43%43% 43% 42%
CFA® Level II Pass Ratesn/a45%n/a47% n/a46%
CFA® Level III Pass Ratesn/a56%n/a54% n/a53%

How is CFA® Exam Graded?

While the CFA® Institute is notoriously secretive in the way they grade the exams, they do give us some details about their methodology and overall process. Let’s take a look.


Who Grades the CFA® Exam?

The CFA® exams are both machine graded and graded by CFA® charter holders. For all multiple choice/scantron sections in Levels I, II ja III, eksamid liigitatakse masin. The essay portion of the Level III exam is graded by CFA® charter holders that travel to Charlottesville, Virginia jaoks väga eesmärgiga hinne esseed.


How is the CFA® Exam Scored?

Kui eksamid on sorteeritud, the CFA® Board of Governors sets the Minimum Passing Score (MPS) iga taseme. Eesmärk MPS on tagada järjepidev raskusaste ja õigluse üle eksamid. MPS on MITTE released.

Because the CFA® Institute does not release the MPS, on võimatu teada oma lävend iga eksam. Lisaks, you do not receive one specific score when you receive your CFA® exam results. selle asemel, saate:

  • "Pass" või "ei liigu" tulemus. "Pass" tähendab, et teie skoor täidetud või ületatud MPS. "Ei liigu" tähendab, et teie skoor oli väiksem kui MPS.
  • Kokkuvõte, kuidas sa tegid iga teema kaetud ala eksami samuti maksimaalne summa võrra, mida saab teenida iga teemavaldkonna. Selle asemel saavad ühe skoor iga teemavaldkonna, saate skoor vahemikus alla 50%; vahel 50% ja 70%; või rohkem kui 70% Iga teema valdkonnas.

Eksameid kaalutud kogu kümme erinevate teemade. Kaalud erinevad per eksam ja on toodud allpool.

CFA® Exam Topic AreaLevel ILevel IILevel III
Ethics and Professional Standards1510 - 15 10 - 15
Quantitative Methods 125 - 100
ökonoomika105 - 105 - 15
Financial Reporting and Analysis205 - 200
Corporate Finance 75 - 150
Investeerimiseaktsiakapitali1015 - 255 - 15
Fixed Income 1010 - 2010 - 20
Derivatives55 - 155 - 15
alternatiivsed investeeringud 45 - 105 - 15
Portfolio Management and Wealth Planning75 - 1010 - 55

Siin on, mida sa peaksid arvestama hindate eksamitulemused:

Max punktid Saadaval

The maximum amount of points achievable varies for each topic area.   For example, Tase I eksam, a +70% skoor finantsaruandluse ja analüüs teema valdkonnas oleks omada rohkem kaalu kui +70% score on the Portfolio Management and Wealth Planning topic area.

Skoor vahemikud Unhelpful

Te ei saa kasutada punktisumma vahemikus iga teemavaldkonna aru saada teie tegelik hinded või kas möödunud või mitte / ei liigu tulemus. Because the CFA® Institute reports the scores as a range, Sama kokkuvõtte tulemus kahe eraldi kandidaatide võib põhjustada üks pass ja üks ei liigu. See on sellepärast, et, näitena, üks kandidaat oleks viskas 99% ühes teema valdkonnas samas kui teine ​​kandidaat viskas 71% et sama teema valdkonnas.


Want to Improve Your CFA® Score?

The best way to improve your CFA® score is to study more efficiently and effectively. Selleks, vajate nõuetekohast läbivaatamist muidugi. You can’t expect to pass the exam on your first try or at all for that matter by simply using the study materials from the CFA® Institute. Sa pead midagi enamat.

Sa peaksid otsima uuringu juhend, mis vastab teie õpistiili ja mahub sa eelarve. Siin on nimekiri populaarsemaid kursused seal. Heitke pilk iga ja näha, milline aitab valmistuda eksamiks parim. Edu!

 

CFA® Institute does not endorse, promote or warrant the accuracy or quality of AIS-CPA.com. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA® Institute.

Kenneth W. Boyd

Kenneth W. Boyd is a former Certified Public Accountant (CPA) and the author of several of the popular "For Dummies" books published by John Wiley & Sons including 'CPA Exam for Dummies' and 'Cost Accounting for Dummies'.

Ken has gained a wealth of business experience through his previous employment as a CPA, audiitor, Maksu ettevalmistaja ja College professor. Today, Ken continues to use those finely tuned skills to educate students as a professional writer and teacher.