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Message
re: The butthurt is Strong: CFA L1 Failure is Super Salty
Posted on 8/24/16 at 2:10 pm to Omada
Posted on 8/24/16 at 2:10 pm to Omada
quote:
But when you take other tests, you know what score you want/need. The CFA minimum passing scores are set after the tests are taken. Imagine getting a 75 on a test and thinking you passed... until you see the minimum passing score is 76, for example. I'd probably still compare the CFA to the CPA or CFP, though.
They basically guarantee you that a 70% is passing. They just don't tell you exactly what it is to avoid people overfocusing on mock exam scores and to retain their ability to over/under weight questions once they get their results. Being an annual exam, they don't have the luxury of continuous feedback like the CPA exam does.
1
Posted on 8/24/16 at 2:40 pm to TheHiddenFlask
I understand. I've taken Level 1 and sat next to an I banker living in NC. He tried to convince me that the I banking hours weren't that bad, but I knew I couldn't handle it due to my body's sleep demands and occasional migraines. Not sure when or if I'll ever finish the CFA process, but regardless I won't end up in I banking.
All of this is just to say that I'm aware of what the CFA entails. I'm just pointing out that you may or may not pass if your score is in a certain range because the MPS changes from year to year. And it may be more appropriate to compare it to the CPA since you can try again as much as you need to, but you do have a time limit before you have to retake other material as well. Sorry I wasn't clear about all of this earlier, but I'm posting from mobile.
All of this is just to say that I'm aware of what the CFA entails. I'm just pointing out that you may or may not pass if your score is in a certain range because the MPS changes from year to year. And it may be more appropriate to compare it to the CPA since you can try again as much as you need to, but you do have a time limit before you have to retake other material as well. Sorry I wasn't clear about all of this earlier, but I'm posting from mobile.
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