CFA Level III Pass Rate Drops as More Than Half Fail the Test
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A record 54 percent of candidates for the third and final part of the Chartered Financial Analyst exam failed after the number of applicants more than doubled in the past 10 years.
Of the 21,462 people who took the test in June, 9,880 passed and 11,582 failed, according to a statement today from the Charlottesville, Virginia-based CFA Institute. The pass rate of 46 percent declined from last year’s 49 percent. In 1963, the first year the exam was offered, 94 percent were successful.