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re: The butthurt is Strong: CFA L1 Failure is Super Salty
Posted on 8/25/16 at 8:26 pm to barry
Posted on 8/25/16 at 8:26 pm to barry
That number is a statistically irrelevant figure pushed by the CFAI. The reality is that the completion rates these days are much lower. From 1963-2013, 1,092,397 candidates have sat for the Level 1 exam, with 164,756 candidates ultimately going on to pass the Level 3 exam, representing a weighted average completion rate of 15%. From 2004-2013, the completion rate was 12.5%. The no failure rate can't be even in the double digits.
1
Posted on 8/25/16 at 8:32 pm to TheHiddenFlask
That's fair. I suppose if we're stacking up exams, we would need to include the MPRE with is the required ethics exam. The overall passage rates for the two exams generally hovers around 55-60% each, at least based on my memory.
But we're likely comparing apples and oranges.
I'm genuinely curious: What do the three levels of these exams look like? How long are they? How often are the exams offered? How many attempts do you get?
But we're likely comparing apples and oranges.
I'm genuinely curious: What do the three levels of these exams look like? How long are they? How often are the exams offered? How many attempts do you get?
This post was edited on 8/25/16 at 8:38 pm
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