Revisitng the topic of CFA pass rates, below are the most recent pass rates as reported by the CFA Institute:
June 2008
Level I: 35%
Level II: 46%
Level III: 53%
December 2007
Level I: 39%
The question is, will these change in 2009, when the three-choices answers replace the current four-choices structure?
Below are some links arguing on the topic:
CFA Institute claims that there will be no change, as any change in the absolute number of correct answers will be offset by the relative nature of assessment.
However, Dr. R. Douglas Van Eatonon the Schweser CFA Blog provides a less straitforward, although similar viewpoint.
In any case, there is a lot of hours to put into the exam preparation, no matter four choices or three.
June 2008
Level I: 35%
Level II: 46%
Level III: 53%
December 2007
Level I: 39%
The question is, will these change in 2009, when the three-choices answers replace the current four-choices structure?
Below are some links arguing on the topic:
CFA Institute claims that there will be no change, as any change in the absolute number of correct answers will be offset by the relative nature of assessment.
However, Dr. R. Douglas Van Eatonon the Schweser CFA Blog provides a less straitforward, although similar viewpoint.
In any case, there is a lot of hours to put into the exam preparation, no matter four choices or three.
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