Were you a June 2014 CFA candidate?
If so, your results dates have been announced! As per previous years, CFA Institute will be emailing results to candidates inboxes soon. Read on to get all the important dates for results day, as well as what to expect, and how to make the most out of your results slip.
For the June 2014 exam, results will start being announced from 9AM ET on these dates:
- 29th July 2014: CFA Level I & II results emailed
- 30th July 2014: CFA Level I & II results available online
- 12th August 2014: CFA Level III results emailed
- 13th August 2014: CFA Level III results available online
Your results will most likely NOT arrive exactly at 9AM ET.
In fact, it might take a few hours before it arrives in your inbox. Sending thousands of individually tailored emails at once is tricky, and it takes time for the system to fully execute. Be patient – you’ll get yours!
The Minimum Passing Score
So what is the Minimum Passing Score (MPS) that everyone seems to be talking about?
Simply put, the MPS is the score you have to match or beat in order to pass. Coming in at anything below this score, and it’s a case of good try, come back again next year. The MPS is never confirmed externally – but chances are it has a maximum of around 70%.
Score ranges, not exact scores
Unfortunately the CFA Institute does not publish your detailed score. You will receive a Pass / Fail grade, and score ranges by topic, i.e. for each CFA topic, you’ll be assigned 1 of 3 score ranges: 0-50%, 51-70%, 71% and above.
However if you’d like an estimate as to what your exam score was, on results day you can use our Results Analysis tool to calculate this automatically for you.
The (failing) score bands
If you receive a Fail grade, you’ll also be provided a score band, which is a number from 1 (lowest failing category) to 10 (highest failing category). If you’ve scored a Band 10 failure, you’ve most likely just missed the passing mark. Our Results Analysis Report also gives more insight as to what scores these bands are estimated to represent.
The Board of Governors instituted a policy to place particular emphasis on ethics. Starting with the 1996 exams, the performance on the ethics section became a factor in the pass/fail decision for candidates whose total scores bordered the minimum passing score. The ethics adjustment can have a positive or negative impact on these candidates’ final results.
This means that if your results indicate that you’re a borderline fail, you can be lifted into the passing zone by a strong performance in Ethics. And what if you’re a borderline pass? In that situation, you could receive a Fail grade if your Ethics performance was particularly weak.
For more information on the importance of Ethics see this dedicated post on Ethics.
If you’re not satisfied with your results and wish to request a retabulation, note that this is only a technical check to ensure that your paper was graded correctly with no mistakes.
It is not a subjective reconsideration of your case so only request one if you think there has been an error in the grading process.
Hope that covers all you want to know about results day. However if you still have a question about results day, just drop it in the comments below!