Friday, December 19, 2008

Less Than 60% Effectively Passed the CPE this Year

How I got that number? Easy, I included the number of students that the press told us back in October were going to take part in these exams, 26,689, instead of the number of students who actually took the exam, 23,664. So that some 3,025 kids did not take the exam which works out to a little over 11%.

They didn't show up for probably some of the same reasons that 30% grown ups don't show up at their CFA Level I Exam. One such reason is fear. Which kind of makes the case to lower the difficulty of the CPE. Of course you realise that overlooking little details like this will make us a lesser nation than we ought to have been.

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