FRM通过标准及成绩单样本

GARP says they take the top 5th quantile (i.e., whatever score cutoffs the top 5th “percentile”), then they take a ratio (e.g., 0.75) of that top score. I personally suspect the ratio (0.X of top 5%) is calibrated after the results are tabulated to approximate a ~50% pass result; or, best case, they use .75 of top 5% (e.g., if 0.75* top 5% only passes a small % due to high difficulty, I doubt they would keep it).

But, either way, it’s really based on an (ex post) “grading on a curve” (no segmentation by section/topic, all questions weigh equally)...therefore: I do not think you can divine anything useful from the method. Unfortunately, it’s a waiting game.

FRM成绩单的形式是对考生每个科目的答题情况进行评分，将每个科目的全体考生分数划分为5档(Quartile)。

往年FRM考试成绩单样本如下所示：

Following is the analysis of your performance in each of the exam categories:

1．Credit Risk Measurement and Management
You scored in the 1st Quartile in this category. Candidates scoring in this quartile demonstrated a strong understanding of the subject area. These candidates scored in the top 25%.

2．Market Risk Measurement and Management
You scored in the 1st Quartile in this category. Candidates scoring in this quartile demonstrated a strong understanding of the subject area. These candidates scored in the top 25%.

3．Operational and Integrated Risk Management
You scored in the 1st Quartile in this category. Candidates scoring in this quartile demonstrated a strong understanding of the subject area. These candidates scored in the top 25%.

4．Quantitative Analysis
You scored in the 1st Quartile in this category. Candidates scoring in this quartile demonstrated a strong understanding of the subject area. These candidates scored in the top 25%.

5．Risk Management and Investment Management
You scored in the 1st Quartile in this category. Candidates scoring in this quartile demonstrated a strong understanding of the subject area. These candidates scored in the top 25%.

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