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CFA Level I Pass Rate Rises to 36% With Covid Disruptions Over

  • Success rate increases from lows set during pandemic’s peak
  • Institute says test-taking no longer upended by the virus

The pass rate for the first level of the chartered financial analyst exam rose from its pandemic-era lows, with Covid-19 no longer causing disruptions in testing.  

In February, 36% of candidates passed the Level I test, up from a 27% success rate for those who sat for the exam in November, and 26% in August, the CFA Institute said Tuesday. The average pass rate for the past decade is about 41%, according to the association.