You can also approve with 40% of money. Many factors influence your test score. The most important of these is your true ability or how well you know the material. If we could ask you an unlimited number of questions under ideal circumstances, over time we would be able to determine your true capacity. That's not possible, so other factors can influence your score favorably or unfavorably.
If you plan to take another level (or the same) of the CFA Program exam in the future, knowing how your score has been compared on various topics on this exam can help you focus your future studies for the next exam. The Princeton Review recommends that level 1 candidates obtain a score of at least 70% on simulated exams and to pay special attention to the ethical issue to promote ethical adjustment. Many consider the material in this exam to be the most difficult of the three, as it covers the same topics as level 1, but with much more detail. This and the fact that ethics has the most weight in level 1 and 2 exams make ethics easily the most important topic.
The CFA Institute uses what is known as the “Angoff standard-setting method” to determine passing rates for CFA exams. If the MPS for level II is increasing, 300Hours believes that the MPS for level III has decreased (suggesting that the exams are more difficult than they used to be). However, considering the more recent past, it is possible that the MPS of level 1 CFAs will drop again. The implication, therefore, is that level I CFA exams recently became more difficult and then became a little easier again. All candidates who apply for level 2 have already passed level 1 and are ready for the challenge, but still less than half pass it.
Despite everything that has been said about the low passing rate of the last CFA exams due to the delays caused by the pandemic, February's level I pass rate is still miserable from a historical point of view. While the CFA Institute does not reveal anything when it comes to its passing grades, there are some indications that the number of deputies who obtain level 1 of the CFA may be increasing. Anecdotal evidence suggests that many level 1 candidates begin the process without fully appreciating the challenge of the exam.
