Investing
CFA Level II Success Rate Jumps Above Historic Average to 52%
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The pass rate for the second level of the chartered financial analyst exam surged past its historic average, marking a comeback from the dip caused by pandemic-related disruptions to test-taking.
In May, 52% of candidates passed the Level II test, up from a 44% success rate for those who sat for the exam in November and 40% in August, the CFA Institute said Thursday. That was the highest percentage since the 2020 test and before the Covid-19 crisis caused pass rates to plunge, and well above the 10-year average of roughly 45%.