The CFA exam uses a scoring system that is based on a candidate’s overall performance on the exam, rather than their performance on individual topics. This means that candidates do not have to beat the minimum passing score (MPS) for each topic to pass the exam, but rather they must achieve an overall score that meets or exceeds the MPS set by the CFAI. The CFAI does not disclose the MPS or the specific score required to pass the exam, but rather only reports whether a candidate has passed or failed. Therefore, candidates should aim to perform well across all topics in order to achieve a passing score on the exam.