Finance
CFA Level 1 Pass Rate Rises to 44%, Above Historic Average
- Institute says candidates who delay their test pass less often
- First-time testers score above the decade average pass rate
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The pass rate for the first level of the chartered financial analyst exam jumped above its historic average to 44% — though test takers who’d already delayed their exam had a much lower success rate.
In February, 44% of candidates passed the Level I test, up from 35% for those who sat for the exam in November and 37% in August, the CFA institute said Thursday. That’s above the 40% average for the past decade, and the lowest pass rate in 2021 when exam as performance was first hurt by test-taking deferrals following the Covid-19 outbreak.