In 2017, CFA Level 2 was counted

<> the weight of each test subject in the CFA exam is different, the association will summarize the results of each subject of the test to make a weighted average to judge whether the candidate can pass the test. For example, if it is also a 5a5b grade, because the weights of the subjects are different, it may be pass, and it may be fail.

The CFA scoring system marks each test subject separately, and the results of each subject will be divided into three grades: less than %-70% and higher than 70%, corresponding to the three grades of C, B and A, which are commonly referred to as all A scores, that is, the candidate's 10 subjects, each subject score is above 70%.

If the first word you see when you receive your transcript is "congratulation", it means that you have passed the exam, otherwise you have failed.

In addition to notifying you of your failure, the CFA Association will also provide you with an additional Score Band Report to tell you how close you are to passing. band 10, which means that you are a little bit worse. band 1 means you're a lot worse.

Analysis of specific test scores in order to build on the best efforts.

CFA Exam Score Passing Criteria:

Exam scores are divided into:"pass"or"fail";

2.Results are generally released within 45 days after the end of the test;

3.Grading system: Each subject will be scored separately in the CFA exam, and the score of each subject is divided into three grades - 70% and 70%. The CFA Association will summarize the candidates' scores in each subject and make a weighted average to judge whether the candidates can pass the exam.

The association has not officially announced the specific passing criteria, and the following criteria are estimated based on the actual passing situation of candidates over the years: the number of correct answers of candidates = 70% of the average number of correct answers of the top 1% of candidates in the world. For example:

The total number of questions in the test is 240 questions, and the average number of correct answers for the top 1% of candidates in the world is 220 questions, so candidates must answer 220 * 70% = 154 questions correctly to pass this test.

Part of the impact: If the candidate's score is on the edge of the passing line, the score of ethics will have an important impact on whether the candidate passes the exam, if the candidate's ethics score is good, compared with those candidates with the same score, there will be more chances to pass the exam, so the candidate should pay more attention to this part of the content.

The CFA exam does not have a specific test score, nor does it state what the passing score is, but only informs the candidate of the correct rate of each part of the answer, under normal circumstances, if the candidate has a correct rate of more than 70% in each part, he will pass the exam.

Grading system: Each subject will be scored separately in the CFA exam, and the score of each subject is divided into three grades - 70% and 70%. The CFA Association will summarize the candidates' scores in each subject and make a weighted average to judge whether the candidates can pass the exam.

CFA Level 2 is equivalent to IntermediateFinancial Analyst。Reformed in the middle of the army

The difficulty of the CFA Level 2 Orange First Level Exam is not at the same level as the Level 1 Exam. Level 2 exams focus on the application of asset pricing theory and advanced accounting theory. CFA Level 2 is the level of intermediate financial analysts, and the difficulty of the CFA Level 2 exam is much higher than that of Level 1.

Investment banking analyst, ** manager, bank wealth manager and other positions.

Have work experience and want to change careers to the financial industry.

Friends, only those who have passed the CFA Level 2 test will reflect the strength of the judgment. Financial institutions can see that although you are a monk halfway, you have passed the CFA Level 1 exam, indicating that you have a financial foundation, and passing CFA Level 2 shows that you can be proficient in using financial knowledge, rather than talking on paper.

Senior project manager and investment bank of the Big Four.

Financial Product Manager, Investment Banking Analyst, ** Manager, Bank Wealth Manager, Risk Control.

Managers, corporate financial analysts, corporate financial consultants, consulting firm consultants, ** researchers, etc. are all positions that can be considered by CFA Level 2 candidates.

Each level of CFA has a different focus. In the Level 1 exam, the financial knowledge covered is the broadest. Generally speaking, it is the "enlightenment course" for financial beginners, and completing the first level can give you a general understanding of the entire financial market, including ethics, guidelines, concepts and formulas, etc.

If you are a finance major yourself.

background, then the content of the Level 1 exam can add to your financial expertise.

The pass rate of the CFA Level 2 exam is inAbout 40%.。Looking at the recent exam pass rate, the pass rate in August 2022 was 40%, the pass rate in February 2022 was 44%, and a little further, the pass rate was 46% in November 2021, 29% in August 2021, and 40% in May 2021.

The CFA Level 2 exam is probably the most difficult one, and there are many people who can't surpass or break through it every year. CFA Level 1 candidates may pass the exam by luck relying on rote memorization of concepts and certain exam skills. But this method will not work for the Level 2 exam.

Compared with the Level 1 exam, the Level 2 exam focuses more on the application of basic knowledge. Therefore, candidates should not memorize by rote, but should pay attention to the understanding of the reading materials, and on the basis of understanding, they should learn and apply the experience. Grasp the new knowledge points.

The historical average pass rate of the second level is 46%, and the pass rate of the three computer-based exams last year was %, except for the ** in the August exam period, the other two can be said to be relatively stable, especially the pass rate in November was once back to the average level of the paper test.

Judging from the examination situation over the years, the difficulty of the CFA Level 2 exam is still relatively large. The main difficulties are as follows:

1. The content of the syllabus increases a lot every year, and candidates should pay close attention to whether there are changes in important knowledge points.

2. Candidates' mastery of knowledge is only superficial, and the CFA Level 2 exam focuses on flexible application on the basis of understanding.

3. Many candidates only learn but do not practice, and the CFA Level 2 exam mainly examines scenario analysis and combines case analysis to answer. If you are careless, you may choose the wrong answer. Therefore, candidates must practice often and be familiar with the way of asking questions.