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re: The butthurt is Strong: CFA L1 Failure is Super Salty
Posted on 8/25/16 at 8:05 pm to Joshjrn
Posted on 8/25/16 at 8:05 pm to Joshjrn
quote:
Not that I care all that much, but are these numbers not correct?
yes you are
3 exams, ~45% pass rate. I think between 10-15% of people pass all 3 exams without failing.
2
Posted on 8/25/16 at 8:26 pm to barry
That number is a statistically irrelevant figure pushed by the CFAI. The reality is that the completion rates these days are much lower. From 1963-2013, 1,092,397 candidates have sat for the Level 1 exam, with 164,756 candidates ultimately going on to pass the Level 3 exam, representing a weighted average completion rate of 15%. From 2004-2013, the completion rate was 12.5%. The no failure rate can't be even in the double digits.
Posted on 8/25/16 at 8:29 pm to barry
If you fail the step one at my school 3 times you are kicked out of school. Now you have spent 2 years of medical school, $75,000, and have no chance of becoming a doctor.
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