CFA Level II Pass Rate Stays at 44%, Just Below Historic Average
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The pass rate for the second level of the chartered financial analyst exam remained just below its historic average, signaling that some test-takers are still being impacted by the disruptions that became common after the Covid-19 outbreak.
In November, 44% of candidates passed the Level II test, unchanged from the pass rate for August’s test-takers and down from 52% in May, the CFA Institute said Wednesday. The latest results were just below the 10-year average of 45% but above the lows from 2021, when pandemic-spurred test-taking disruptions hurt success rates.