09.24.25

AI Can Now Pass the Hardest Level of the CFA Exam in Minutes

by: Leslie Picker

Researchers at New York University's Stern School of Business and AI-powered wealth management platform GoodFin found leading large language models (LLMs) were able to pass Level III of the chartered financial analyst (CFA) exam, which previously had stumped AI with its essay questions. Frontier reasoning models like o4-mini, Gemini 2.5 Pro and Claude Opus passed the CFA Level II exam using "chain-of-thought prompting," according to the study of 23 LLMs. GoodFin's Anna Joo Fee said, however, "There are things like context and intent that are hard for the machine to assess right now."

Read the full article on CNBC