Finance
CFA Level I Pass Rate Drops to 35%
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The pass rate for the first level of the chartered financial analyst exam fell further below its historic average, another sign that test-takers are still dealing with disruptions that became common after the Covid-19 outbreak.
In November, 35% of candidates passed the Level I test, down from 37% for those who sat for the exam in August and 39% in May, the CFA Institute said Tuesday. That’s the lowest pass rate since 2021, when results hit record lows across all levels of the CFA exam as performance was hurt by test-taking deferrals following the Covid-19 outbreak. It’s also below the 40% average for the past decade, according to the institute.