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CFA Pass Rate Ticks Up to 46% Following Lows for the Level II Exam

  • Improved pass rate reverses drop seen across other exam levels
  • Institute sees more test-takers as pandemic disruption wanes

The pass rate for the second level of the chartered financial analyst exam bounced back from historic lows set last year.

In November, 46% of candidates passed the Level II exam, up from 29% in August, according to the CFA Institute. That’s a bit above the 10-year average pass rate of roughly 45% for that level.