CFA Final Exam Pass Rate Rises to 49%, Below the Decade Average

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The pass rate for the final level of the chartered financial analyst exam stayed below the decade average, while first-time test takers had a higher success rate than those who chose to delay testing.

In February, 49% of candidates passed the Level III test, up from 47% for those who sat for the exam in August and just above the 48% of passers in February of 2023, the CFA Institute said Thursday. Still, the results remain below the 52% average for the past decade, according to historic pass rates.