首先，FRM考试的通过与否取决于考试当年全球考生整体答题正确率有多高。GARP协会会取全球*6分的一部分考生（比如5%）的平均成绩，再乘以一定比率（比如75%）得出一个通过分数线，以此来衡量其他考生是否通过考试。

 

GARP says they take the top 5th quantile (i.e., whatever score cutoffs the top 5th “percentile”), then they take a ratio (e.g., 0.75) of that top score. I personally suspect the ratio (0.X of top 5%) is calibrated after the results are tabulated to approximate a ~50% pass result; or, best case, they use .75 of top 5% (e.g., if 0.75* top 5% only passes a small % due to high difficulty, I doubt they would keep it).

 

But, either way, it’s really based on an (ex post) “grading on a curve” (no segmentation by section/topic, all questions weigh equally)...therefore: I do not think you can divine anything useful from the method. Unfortunately, it’s a waiting game.

 

FRM成绩单的形式是对考生每个科目的答题情况进行评分，将每个科目的全体考生分数划分为5档(Quartile)。

 

下图为一位全1通过的考生的成绩单，截取了他Foundations of Risk Management这一部分的考试成绩。

 

Following is the analysis of your performance in each of the exam categories:

 

1．Foundations of Risk Management
 

 

You scored in the 1st Quartile in this category. Candidates scoring in this quartile demonstrated a strong understanding of the subject area. These candidates scored in the top 25%.