Quote: (08-07-2017 02:12 PM)Atlanta Man Wrote:
Careful what you wish for, you just might get it.....
White people pushed for an end to affirmative action on the state level in California and got it, they based all their admissions on test scores and grades- suddenly Asians dominated admissions to all the California colleges, it even affected community college admissions. After a few years of their children not getting into choice schools white people in California felt that perhaps other factors aside from grades and test scores (and donations) should be included in the admissions process.
I can tell you that the finance and investment banking post-graduate programs of CFA and CAIA were tremendously impacted by Asians - here mostly Chinese - pouring into that market.
Since especially the CAIA tests are adjusting naturally by the results of the mean, then that means that from one year to the next it could get 20% more difficult to pass due to average shifting. And guess what - that is exactly what happened a couple years ago as massive levels of highly ambitious Chinese started to enter those tests. But the majority still remained Westerners who took and passed those tests - it was just getting far more difficult due to the excellent results stemming from the students in China. And I might add - those tests have rigorous testing centers where they record you, take your finger prints, take away all your electronics, have you under surveillance like in a lab. So cheating at least there can be excluded.
They worked their asses of. We must not forget one thing about the Chinese - the sheer massive size of the country - 1.4 BILLION PEOPLE. If you have even just 20 million of their best and allow them to compete with you in a country of 370 mio., then by golly you are going to have problems. The same was partly happening in the Swiss universities when they opened them a bit too much to the Germans. A country of 85 mio. suddenly sending hundreds of thousands to compete for spots in a country of 8 mio. - that caused plenty of frictions.