CFA Final Exam Pass Rate Slips to 47%, Below Historic Average
The pass rate for the final level of the chartered financial analyst (CFA) exam stayed below the decade average in August but above the historic lows set two years ago, when the pandemic disrupted testing. In August, 47% of candidates successfully finished the series, below the 48% pass rate for those who sat for the Level III exam this past February and August of last year. More than 16,000 candidates sat for the Level III exam in August. The CFA will soon transition to a new testing model, which emphasizes practical skills and reduces the amount of time candidates study. The institute said it will start taking registrations for the new exam structure starting in May 2024. Under the new format, Level III candidates choose between specialist pathways, including portfolio management, private markets and wealth.
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