Finance
CFA Level I Pass Rate Slips to 44%, Still Above Historic Average
- Institute says those who delay have lower chance of success
- 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 remained above its historic average, though test-takers who delayed their exam continued to have a much lower success rate.
In August, 44% of candidates passed the Level I test, down from 46% for those who sat for the exam in May, and the same for those who took it in February, the CFA Institute said Tuesday. That’s above the 40% average for the past decade and has recovered since the lows from 2021, when exam performance was hurt by test-taking deferrals following the Covid-19 pandemic.