特许金融分析师（CFA）考试评分标准MPS解读

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　　CFA考试成绩按照安高夫修正法模式设定最提通过标准MPS，标准由CFA协会专家评定，CFA协会认定作为一名合格的金融行业专业人员应当具备什么样的知识，什么样的知识是必须知道的，什么知识是可以忽略的，如果达不到相应标准也必定无法顺利通过考试的。通过标准按照全球1%*3考生平均对题率的70%为顺利通过，这样比较合理公平。所有考生都在同一起跑线上，全球*3考生考的很好，相应的通过标准也会提高，所以保证10个科目整体对题率在70%以上则可以顺利通过。

　　CFA考试10个科目的权重不同，经济学、定量分析、财务报表和股权投资的权重较大，所以保证70%对题率，则这些科目要考的很好才行。MPS标准在其他专业考试上也在实行，诸如CFP/ CPA考试都采用这个模式。CFA一级考试自1996年开始采用MPS标准，CFA二级自2005年开始实行，CFA三级自2007年实行。CFA考试结果发布后，CFA协会也会告知考生成绩情况，全球报考人数和通过率等事宜供考生参考。

　　Standard Setting

　　In 1996, a methodology for arriving at the minimum passing score (MPS)―the modified Angoff Standard Setting Method―was introduced to the CFA Institute Board of Governors. A 2001 survey of professional credentialing programs found that 85% used standard setting, including the Certified Financial Planner (CFP) and Certified Public Accountant (CPA) U.S. designations. Of those using standard setting, 88% used the Angoff method.

　　The Angoff method has been used as a criterion for the establishment of the MPS for the Level I examination since 1996, for Level II beginning in 2005, and for Level III beginning in 2007. CFA Institute retains independent psychometricians to conduct two-day standard setting workshops.

　　Candidates receive examination results in late July or mid- August (for the June examination) and late January (for the December examination). Candidate results are available in a secure section of the CFA Institute website. CFA Institute posts scores as “pass” or “fail” and provides candidates with an indication of performance across topic areas or questions to help identify strengths and weaknesses. Candidates learn whether they scored less than 50 percent of the points, between 50 and 70 percent of the points, or above 70 percent of the points on specific topics for multiple choice and item set and by question for constructed response. For the first time in 2008, CFA Institute provided failed candidates with additional information to help them decide whether to continue to pursue the designation. The total number of candidates who failed at each level were divided into 10 groups or score bands. Failing candidates can now see how they performed relative to all other failing candidates. The highest score bands indicate proximity to the MPS.

　　以上是关于CFA评分标准MPS解读部分。

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