Investing
CFA Final Exam Pass Rate Slips to 47%, Below Average
Despite the small slip, the latest results show improvement from the historically low pass rates across all levels of the CFA exam in 2021.
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The pass rate for the final level of the chartered financial analyst exam stayed below the decade average but above the historic lows set two years ago, when the pandemic disrupted testing.
In August, 47% of candidates successfully finished the series, below the 48% pass rate for those who sat for the Level III exam this past February and August of last year. Still, the rate was higher than the historic low of 42% for that exam, set in 2021. The 10-year average success rate for the final exam is 52%, according to the CFA Institute.