What is the CFA scoring system?

Grading Criteria for CFA:

Exam scores are divided into:"pass"or"fail"Results are generally released within 45 days of the end of the exam.

Grading system: Each subject is graded 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 CFA 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: "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, if the total number of questions in the test is 240 and the average number of correct answers for the top 1% of candidates in the world is 220 questions, then the candidates must answer 220 * 70% = 154 questions correctly to pass the test.

The impact of the ethics part: If the candidate's score is on the edge of the passing line, the ethics score 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.

Each subject is graded separately in the CFA exam, and the results of each subject are 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.

There are three levels of CFA Chartered Financial Analyst, of which Level 1 is the most basic and least difficult, so what does CFA Level 1 examine? How many points do I need to pass?

What does CFA Level 1 look at?

The CFA Level 1 exam is divided into two sections, and the number of questions in each section is 90, and candidates need to complete two sections of the CFA Level 1 exam in order to obtain the results of the CFA Level 1 exam.

Session 1 (2 hours 15 minutes): Examines ethical and professional standards, quantitative methods, economics, financial reporting and analysis.

Session 2 (2 hours 15 minutes): Examines corporate finance, fixed income, derivatives,**, alternative investments and portfolio management.

Introduction to the scoring criteria for the CFA Level 1 exam.

The average number of correct answers for the top 1% of test takers in the world is 70%, if the test taker's score is greater than this score, it is passed, otherwise, it is fail.

For example, if the number of questions in the CFA Level 1 exam is 180, if the average number of correct answers is 160 in the top 1% of candidates in the world, then the number of correct answers needs to be greater than 112 to pass the CFA Level 1 exam.

CFA Level 1 Exam Study Methodology.

1. Review what you have learned.

Because the CFA textbooks involve a lot of knowledge points and are scattered, whenever they learn a new CFA content, it should be necessary for candidates to review the content they have learned before, and focus on re-memorizing the key points they have marked, deepening their impression, which will also be helpful for learning new content, and gradually connect the learned content together, so as to form a complete knowledge system.

2. Practice questions.

If you want to get a good score in the CFA exam, doing questions and practice is indispensable. By doing questions, you can not only see your own shortcomings, but also maintain the sense of leakage and belief in doing questions at all times, and summarize your own question-making skills by doing questions, which greatly improves the pass rate of the exam.

Many candidates come to ask, what is the best way to pass the exam? Is it the same as in China? How do I pass the exam?

1) What is the scoring standard of the CFA exam?

The amount of questions answered correctly.

The average number of correct questions for test takers with a global score of 1% * 70%.

For example, if the average number of correct questions for candidates with a global score of 1% is 230 questions, then, candidates must answer at least 230 * 70% = 161 questions correctly, which means that they must have to answer at least 161 questions correctly to pass the exam.

2) How is the pass rate of the CFA exam calculated?

CFA association generally does not publish the minimum number of questions included in the general service, according to many years of calculation and statistical methods, the standard line is generally in the top 30% of the results of the candidates can pass the exam, from high to low, the safest way to pass the exam is to take the high score, the higher the score, the better, so as to ensure that you can pass the exam steadily, after all, there are people outside the mountain.

3) What is the score to pass the CFA exam?

Generally, the CFA association will not give a specific score, nor will it give you the correct amount of questions to pass the exam, but there is a proportion that can be calculated, the association will generally inform which part of the pass rate is, whether it is more than 70% or between 50% and 70%, or less than 50%, in general, as long as the accuracy rate of each part of the candidate can reach more than 70%, you can successfully pass the CFA exam.

Look at a certificate, you can take a look first, and then add a group to learn about it, and it's basically OK.

CFA is a stepping stone to work in the financial industry, which is a bit difficult and expensive, and the value of learning is still relatively high.

The CFA exam content is divided into three different levels, namely Level I, Level II, and Level III. Exams are held in all locations around the world, and each candidate must complete three different levels of the exam in turn.

Since 2003, the Level I exam has been increased from once a year to twice a year, and in addition to being held once in May and June at 160 test centers around the world, it will be held again in December every year in 23 regions with a high concentration of candidates, including Singapore and Hong Kong. Level II and Level III exams are still held once a year.

The CFA exam involves a wide range of items, and the higher the level, the wider the scope and the more difficult the questions. In order to facilitate the review and preparation of candidates, every year the "Investment Management and Research Association" will publish some CFA exam review materials, giving different reading materials for different exam levels, and the content is all in the form of original works or excerpts.