Finance
CFA Level I Pass Rate Rises to 45%, Candidates Get New Scorecard
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The pass rate for the first level of the chartered financial analyst exam came in well above its historic average, while test-takers were also given a new scoring mechanism to better understand their results.
In February, 45% of candidates passed the Level I test, up from 43% for those who sat for the exam in November and 44% for those who took it in August, the CFA Institute said Thursday. That’s also higher than the 40% average for the past decade and the lows from 2021, when exam performance was hurt by test-taking deferrals amid the Covid-19 pandemic.