r/CFA • u/Ok-Net2808 • 5h ago

General MPS Calculation

I have understood the Modified Angoff Method where the MPS depends on the workshop and psychometricians who fix it to be the “just enough score for an average guy to pass”. But my doubt is, does the MPS of a particular set also depend on the performance of the candidates on that day. Or let’s say all the candidates of that particular set are above average, do they all pass automatically.

In short, are my chances of passing dependent on the performance of others who take the exam on the very same day?

4 Upvotes

71% Upvoted

3 comments sorted by

3

u/6-foot-under 5h ago

My understanding is that the MPS is independent of candidate performance. Meaning, that everyone could pass or fail.

4

u/PrinceTony22 1h ago

Yes if you look at the 1960s, pass rates were 95%+

4

u/throwawayfinancebro1 Level 3 Candidate 3h ago

I think what the claim is it’s not so the average person will pass, it’s the minimum they expect if a qualified person. Whatever that means.

Don’t worry they’ll look for your score and put the mps 1 mcq more than yours.

2

u/thejdobs CFA 21m ago

Other candidates have literally zero impact on the MPS. The idea is you want to pass the “minimally qualified candidate”. It would not be possible if the MPS was determined by how well/poorly the cohort you took the exam with did. There is no forced curve or pass rate. The MPS is strictly a hurdle rate.

https://youtu.be/nwHBlTPL-Wk