CFA CFA General Probank scores – translating to actual CFA results???

Probank scores – translating to actual CFA results???

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    • FinanceAspire
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      Hello folks,

      This isn’t a thread about what a passing score on the Qbank is. Completely different format from the actual CFA, and based on some threads, not really indicative of the exam for a variety of reasons…I know better than to ask a question in that manner. Rather, I’m curious for those folks who have used Schweser and took the level 2 CFA exam, what their average scores were, and the result(s) of their exam. 

      The average score feature that shows the rest of the other students’ scores is an awesome feature – for example, it helps me gauge what others also experienced as a relatively easy or difficult topic. I also presume there are many different ways that people use the Qbank – for me, I do not see the answers as I take the quizzes and do not refer to the materials when I take the quiz. I take the Qbank after I finish a reading and complete the EOC questions.

      For example, if we were to sample 1,000 candidates, took their average scores during their studies, and subsequently whether they passed or not, we could create a distribution that a certain percentage above the average scores would likely pass, and below that average, would likely fail. Clearly, the average score cannot be a passing score as about 43% pass. 

    • googs1484
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      That’s something I have wondered too. I do not put much emphasis on the average scores provided by Schweser for many reasons but one of them is what you mentioned and they’re definitely not “exam quality”, not even in item set format for the most part. People take them differently, including the answers after picking a selection OR waiting to review answers at the end. Of course if you view answers as you go then your at a slight advantage because you are educating yourself throughout the exam skewing your results upwardly biased. Admittedly, I choose to view the answer explanations after each question. If I waited til the end of a lets say 100 question quiz, then at the end I would have reread every question, option and then the answer. Doing it as you go saves precious time but at the expense of biased results. I understand that though and make sure to factor that into my “confidence factor”.

      I get what you are trying to do. I am in the same boat. You are studying REAL hard, making sacrifices and want reassurance you are the cream of the crop (hope that’s the right expression haha). Do not worry about other peoples progress. Focus on yourself and learn as much as humanily possible that’s in those books by 6/4/16. I grew up always comparing myself to my peers and my father would say:

      “I cannot say this too strongly: Do not compare yourselves to others. Be true to who you are, and continue to learn with all your might.”
      Daisaku Ikeda

    • FinanceAspire
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      I believe I was scoring mid 70’s on the qbank (taking about 50% of all the available questions once) and passed Level 1 with highest marks on all but AI, which I got middle “band.” I sure hope level two is somewhat similar in terms of qbank scores. 

    • PaulAdaptPrep
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      @FinanceAspire 

      The Adapt question bank does this for you already. 

      There are three ways Adapt “adapts”

      First, all our question in the bank use credibility analysis to adjust in difficulty based on how other users are answering them. 

      Second, Adapt adjusts to your skill level. So it starts you off with easier questions and ramps you up to average exam difficulty questions. This is also helpful because you get a wider exposure of the variety of questions that can be on an exam. 

      Third, we calibrate our system so that candidates who get to Earned Level 7 are likely to pass, which usually takes 7 exams (3-hour long exams) to get to. Our target is 90%. Last round we were over 90%, which means its slightly too hard to get to EL 7 than we want it to be. The credibility analysis will adjust questions to their proper difficulty. That plus we’ve added hundreds of new questions in areas where Adapt shows us we need more.

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