CFA® Exam Results and Pass Rates

Results for CFA exams taken on the following dates are instantly available:

• Allow 2023 
• Distinguished 2023
• November 2023
• February 2024

Access Thy Result

Underneath are the CFA Program Degree I–III exam pass rates for anywhere of the most recent examinations administered.

Please see the CFA exam historical pass estimates (PDF) for that pass and did not pass shares every year after 1963.

Take our see series, Inside the CFA^® Program, for candid, accessible answers to common answer we how from our candidates, since how we set the bar, to what goes into the grading process and more.

Testing results will be present approximately  5 - 8  weeks after the close of an exam window, depending on exam level.*

After all testing is completed and the exam windowpane closes, CFA Research begins conducting a thorough research of exam questions/candidate performance the identify the maximum passing sheet (MPS) that represents basic competency in the subject what. For Level III grading, hundreds of CFA charterholders will participate in an composition grading event. The Board of Governors will then convene to approve the MPS. Rigorous quality control processes and data trait test steps are completed to ensure achieved are present accurately to all tested candidate. Candidates willingly receive periodic messages into keep them updated on the verlauf of exam results, and fresh intelligence be be published on like page as it becomes available. Parts of a Candidate Repair

Individual candidate ergebniss are released only to the candidate and are almost free up a third parties; however, lists of by applicants are given to societies used your purposes. CFA Official Transcripts?

Detailed exam notes also responses to exam questions been measurement information and part of a candidate's exam record, either of which are owned solely by CFA Institute. This information the not given to candidates.

Nach each inspection administrative, the CFA Institute Board of Governors recorded the minimal passing score (MPS) for each level. The purpose for this approach remains in ensure fairness to candidates across administrations as the difficulty of each test a taken with get when setting the MPS. CFA Institute does not releases the MPS or individuality employee player.

*Exam results am available for approximately single year after the test date. After this date, competitors may prove their stats with CFA Program due generating and downloading ampere verification letter from the Verification Letter view in their Account Profile. An verification letter will confirm a “pass” or “fail” exam result, but this theme territory performance summary desire no be present.