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Hot Topic – CII Exams Pass Rates for 2013

Hot Topic – CII Exams Pass Rates for 2013

http://www.brandft.co.uk/

Hot TopicThe CII have published their 2013 exam pass rates, and below we compare the Annual Pass Rates with those of 2012.

It’s that time of year again when the CII publish their exam pass rates for the previous year.  Using stats from 2012 you can see below how these percentages have changed for the Diploma and the Advanced Diploma of Financial Planning exams. (Information for the other exams can be found on the CII website).

The 2013 figures show pass rates for J01 – J12 range from around 50% up to over 77%.  The lowest figure of 50.23% is for J07 Supervision in a regulated environment with the Pensions exams and J03 not far in front in the mid-50’s.

Top of the charts with figures in the high 70’s are J12 Securities advice and dealing and J10 Discretionary investment management;  the latter also topping the charts in 2012.  Interesting that both these newer exams are getting such high pass rates – is this because they are multiple choice rather than written papers?  They are certainly better stats than those shown for J11 which is a written paper although I would repeat what we said last year and that is that the manuals for J10, J11 and J12 are all well written and therefore easier to study from.  Each of these units gives 20 diploma credits.

For the R0 units, the numbers passing have gone down for five out of the six modules in 2013 (all down except for R02).

With the advanced subjects it is AF2 that continues to have the lowest pass rate – from just over 49% in 2012 down to just over 42% in 2013.  Interestingly AF4 became top dog with 65.65% of students passing the exam up from the previous year’s figure of 62.93%; you may remember there were a lot of unhappy comments from delegates following the October exam that the CII had changed the format of the exam – however it seems that despite this many obviously still passed!  It will be interesting to see how the April paper looks following those complaints.

AF5 somewhat surprisingly has seen a drop of 5% from 2012 to 2013 whereas from 2011 to 2012 there had been a significant improvement.

Unit

Annual Pass Rate 2012

%

Annual Pass Rate 2013

%

Difference

%

J01

65.15

58.82

-6.33

J02

59.64

57.35

-2.29

J03

51.30

56.30

+5

J04

59.70

55.32

-4.38

J05

64.51

58.13

-6.38

J06

63.56

67.65

+4.09

J07

53.07

50.23

-2.84

J10

75.24

76.60

+1.36

J11

58.93

66.53

+7.6

J12

n/a

77.87

R01

61.56

59.07

-2.49

R02

53.09

54.70

+1.61

R03

51.56

50.78

-0.78

R04

60.85

58.03

-2.82

R05

80.27

74.38

-5.89

R06

71.74

68.27

-3.47

AF1

57.28

55.50

-1.78

AF2

49.32

42.25

-7.07

AF3

51.93

45.94

-5.99

AF4

62.93

65.65

+2.72

AF5

66.55

61.05

-5.5

AF6

58.82

47.52

-11.3

 

What are your thoughts on this?  Why do you think some pass rates have moved significantly?  Please let us know by commenting below.

 

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3 Comments

  1. pertinax 4 years ago

    Hi,

    A good question: why did fewer people pass in the R modules (Dip. Reg. Financial Planning modules) in 2013 compared to 2012? I’m studying for the DRFP with Sesame’s FAS (Financial Adviser School) and recently did the R05 exam, which I passed with a score of 88%. I passed R01 in January with a score of 77%. Both of these for the first time, and I had never studied this content academically at any level, my regular work is totally different to finance. It must be general changes to the curricula, more difficult or sharper questions. I’m not sure the changes were massive, but the 5% fall in pass rates for R05 in particular is interesting – did R05 become 5% harder? Maybe. But overall someone told me R05 is considered one of the easiest modules that the CII offers, whereas R03 (personal taxation) and R02 (investment principles and risk) are considered the hardest.

  2. Author
    Catriona Brand 4 years ago

    Thanks for your comment – I too wonder why fewer people passed in 2013. Anybody got any ideas/theories? I wonder if the pre-RDR push for so many people to pass by the deadline in order to keep advising meant that more effort was put in, but those sitting after the deadline (who weren’t now in trouble but were now studying as ‘normal’ for the Diploma) didn’t have such a massive ‘push’ to pass. Just a theory!

    R05 is Certificate level so by definition is easier than the other R0 exams. Certainly the feedback we get is that R02 is one of the hardest R0 exams to study for and to pass.

    Catriona.

  3. pertinax 4 years ago

    Another comment, if I may: I don’t think it is hard to pass any of the modules even for the first time if you adopt the modular approach of reading through and learning chapter-by-chapter, and reinforcing each chapter by taking several chapter tests, making sure of getting say 75% or 80% at least in each chapter test, before moving on to the next chapter. For multiple choice exams I think passing is directly correlated with the number of mock exams that you sit and pass – the more the better. I have access to the competent adviser system where you can take any number of exams at the end of completing all the chapters until you get 100%. I actually didn’t need to or want to do that, but success in practice exams under exam conditions is a good predictor of actual performance. Try and look for general principles underlying concepts, don’t just try to memorise everything – that will give you an “intuition” for dealing with unfamiliar questions without you having to know the exact answer. With multiple choice exams your multiple choice technique must be time-based: don’t spend too long on any one question, and make several “passes” at the exam – if you’re taking the R05 exam, which has 50 multiple choice questions to be completed in 60 minutes (1 min. 12 secs average time per question), deal with the easy questions first by going through every question spending no more than 30 seconds on each, the objective being to look for questions with obvious answers. Once you’ve done this pass, then do another pass with 45 second time limit per question, than 1 minute etc. With every pass you’re eliminating questions which get harder and harder, getting to a point where you are left with the hardest questions where you can spend more than the average of 1 min. 12 secs. Within each question underline all key words, make a mental note of them, and cross out any obvious non-answers, that increases your chance of choosing the right answer.

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