CFA Level II Pass Rate Spikes to 59%, the Highest Since 1998
- Rise helped by fewer candidates who had deferred their tests
- Institute says more college students are signing up for exam
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The pass rate for the second level of the chartered financial analyst exam jumped to the highest in more than a quarter century, boosted by a smaller number of candidates who had deferred their tests.
In May, 59% of candidates passed the Level II test, up from the 44% in November and August and 52% in May last year, the CFA Institute said Tuesday. The latest results were well above the 10-year average of 45% and the lows from 2021, when pandemic-spurred test-taking disruptions hurt success rates. It’s the highest pass rate since 1998, when it hit 62%.