unbelievable oxford...

I've told some of you about the crazy grading system here. There is just really no rhyme or reason to it, and very little feedback... To illustrate the point (and the 80% effective cap on grades), I am posting a message we received this week from our Finance II lecturer about our first assignment of the term:
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Dear All,

I have spent three days marking your first assignment and was glad to see a very high average quality. The average mark was 65.2. The min was53, the max 77. Or, there were no fails, but plenty of distinctions (allthat had >69)
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I did the assignment myself (enclosed), and also for me a major difficulty was to stick to the 400 word limit. Still, I did better than you ;-).

I probably would have given myself a mark of 80.. (depending on the time of day; but certainly not a 100, that's impossible in Oxford).
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Given that there are no fails, nobody can contact me to whine about a higher mark.
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Have a good weekend, jos
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Amazing, isn't it? (It's all part of the experience...)