L1 results - L2 results - L3 results

Again, thank you so much to everyone that completed the survey, we have had 325 responses so far (representing 0.58% of the population)! Also, many thanks to /u/mattlas for again pinning the survey in the L3 results thread.

If you still haven't and would like to donate a few minutes of your time, I would appreciate your participation - the more data the merrier. I will be closing the survey Tuesday afternoon and on Wednesday I will then post the final update along with the raw data for others to analyze and interpret how they please.

Link to the survey

A few house keeping items that would really help with interpreting the data:

• Levels I-III: Did the CFAI provide the exact topic area weights with results this year and, if so, what were they? I've been using the midpoints of the ranges provided on the CFAI site over the sum of those midpoints and mostly would like to confirm that is the best I can do.
• Level I: I know it has been a few weeks but, if you're seeing this and failed L1 (or know someone who did and may be willing), it'd be especially appreciated if you'd complete the survey inclusive of the performance portion. Without at least one fail response, the methodology cannot generate an MPS estimate for December.
• Level III: Did the CFAI not provide a score breakdown for those who passed? In analyzing the survey responses, I noticed most reported "this was not broken out in my exam results" for all topic areas. However, two passing respondents did provide the complete breakdown necessary to generate an MPS estimate and the result was fairly consistent with Decembers L2 results (higher pass rate, slightly lower MPS).
• Level III: Was the trading topic area included in this years' results breakdown? If so, what was the weight? For December 2020, a 0% weight has been given to trading to generate the MPS estimate.

New to the survey (this update): The Employment & Compensation portion, which can be found on pages 10-11 & 27-30 (26-29 for L3). Average total 2020 comp for L1 respondents (that completed this portion) was ~$68,482, L2 was ~$89,464 ( 31%), and L3 was ~$119,830 ( 34%). The samples are small and contain outliers, perhaps a quartile analysis would be more appropriate going forward. Either way, any feedback on the new features to the survey would be appreciated.

Thank you!!

Note: this data involves substantial sampling bias and is more representative of the r/CFA community than the entire population of test takers. Further, those who failed are understandably less likely to participate resulting in self-selection bias.