@extrablessed;

Let me see if I got this right.

You "know a good number of the CFA candidates around" who you proceeded to "sample" and this led you to stating (rather authoritatively) that.... "Not a single Level-3 candidate around made it this time round" ?

I'll have to edit my earlier post!


@Kadonye; Yeah. Really.

In that case you know failures.. :)

I have read a bit about this CFA exams and the grading seems very mafia-like. Apparently since 1989, the pass mark has never been been published. The pass mark is set by the "board of governors" after a review of the exam and recommendation by "subject matter experts". And all this is done after candidate have already sat for the exam. Some psychometricians are also thrown into the mix. And they have a name for this approach - The modified Angoff method!!

I don't like this approach one bit! Mimi ni mpaka tusikizane pass mark na grading system kabla ya...

Visit link below:

CFA - Chartered Financial Analyst

I guess that is why they pay the big bucks for the CFA's . I am no CFA but i expect that just like PRINCE2 (Practitioner) ,PMP or other prof certifications , it is not just about the professional competence of the person that gets tested but also his understanding of those principles of the particular cert. Passing PMP Cert does not make u a good project manager , just proves that u understand the PBOK

I have a friend who passed all the three levels in 3 consequtive sittings, June, Dec June. With the pass rates i'm seeing here then this guy must be a genius.Lakini alifanyia mtihani ng'ambo, I wonder whether this has an effect on the marking.