We're here to help you comprehend your results! We want to make sure you have the information needed to prepare you for the next step in your journey, whether that's studying for the next level, signing up to re-take the same level, or pursuing other opportunities. So let's get started shall we?
Your Performance on The Exam
Your Score
Firstly, the thin dashed black line represents the minimum passing score (MPS). The thick blue line represents your score on this exam:
- If your score lies above the MPS line, you passed
- If your score lies below the MPS line, you, unfortunately, did not pass
Note: Due to the scale and the way the graphics are rendered, scores that were very close to the minimum passing score may appear to brush against or slightly overlap the minimum passing scoreline.
True Ability
While there are several factors that influence your score on the exam, the most important is your true ability, or how thoroughly you know the material. If we ask you an unlimited number of questions under ideal circumstances, we would be able to determine your true ability. That's not possible, which is why other factors may influence your score, either favourably or unfavourably.
Score Favourable Factors
- The exam was made up of topics and learning outcomes for which you were better prepared
- You ate and slept well prior to the exam
- You had particularly lucky guesses
- The testing environment was comfortable for you
Unfavourable Factors
- The exam was made up of topics and learning outcomes for which you were less prepared
- You slept poorly or were particularly nervous
- Your guesses were unlucky, or you made a simple error on a question you would typically get correct
- The testing environment was distracting or uncomfortable
Confidence Interval
The box around your score represents a 90% confidence interval. Based on the characteristics of the exam, your true ability (as of exam day) probably lies somewhere in this range, as would your scores on similar exams with different questions.
1. Score and Confidence Interval Above the MPS: A candidate who scores very well could have high confidence that they would have passed under nearly any circumstance.
2. Score and Confidence Interval Below the MPS: A candidate who scores very poorly can have high confidence they would not have passed under nearly any circumstance and would need to study much more in order to pass in the future.
3. Score Below the MPS but Confidence Interval Overlaps the MPS: A candidate who scored close to the MPS might have passed under some sets of circumstances, but in most cases would not have passed. With a little more studying, this candidate can push the odds in his or her favor.
Your Performance Relative to Others
Here we'll give you an idea of your performance relative to other candidates:
- The thick purple dashed line represents the 90th percentile score. 10% of candidates scored higher than this on the exam.
- The thick black dashed line represents the 10th percentile score. 10% of candidates scored lower than this on the exam.
In Conclusion...
There you go! A simple overview of how to comprehend your results. We hope this review of the CFA exam score report will help you further on your CFA journey.
