Reinvention
CFA Pass Rate Slips Again to Record of 29% for Level II Exam
- Record low pass rate follows lows for all other exam levels
- Institute still cites pandemic disruption as reason for trend
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The pass rate for the second level of the chartered financial analyst exam plunged to the lowest since the test was first administered nearly 60 years ago.
In August, 29% of candidates passed the Level II exam, down from 40% for those who sat for the exam in May and June, according to the CFA Institute’s website. The 10-year average pass rate is now 45% for that level.