Finance
CFA Level 1 Pass Rate Falls to 43%, Still Above Historic Average
- Those who delay have lower chance of success, institute says
- 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 exams continued to have a much lower chance of success.
In November, 43% of candidates passed the Level I test, down from 44% for those who sat for the exam in August, and 46% for those who took it in May, the CFA Institute said Tuesday. Still, 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 amid the Covid-19 pandemic.