![]() When it's working out the minimum passing score, the CFA Institute uses something known as the ' Angoff Standard Setting Method' to determine the pass rate. It's never given and it varies year-on-year according to how hard the paper was and how well everyone does in the exams. To pass, candidates need to meet a minimum 'net passing score.' What is that minimum net passing score ? No one knows. The CFA Institute, which masterminds the entire process, is notoriously coy when it comes to explaining what constitutes a pass and what doesn't. But when you score yourself afterwards, how will you know whether you've done well enough to pass the real thing? It's a bit late now, but successful candidates say you need to be doing a lot of mock tests under timed conditions. To maximize your chances of passing CFA Level One, you need to do some mock tests. ![]()
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