How Do They Determine A Passing Score On The Cfa Exams?

Since the CFA June exams are now done, there’s a lot of concern as to how CFAI determines a passing score. So, here’s a breakdown for Levels 1 and 2:In the past CFAI used a strictly numeric method of calculating the pass rate - they’d take 70% of the 95th percentile score. So, back in the day, the minimum passing score would be no greater than 70%, and would typically be even less.Now, their scoring system has a significant subjective component to it. Here’s how it works: CFA Institute brings a number of charterholders that they call "Standard Setters" to Charlott[...]

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[Source: The Money Blogs]