Investing

CFA Final Exam Pass Rate Slips to 48% While Remaining Above Pandemic Lows

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The pass rate for the final level of the chartered financial analyst exam declined while remaining above the historic lows from last year, when the pandemic disrupted testing.

In August, 48% of candidates successfully finished the series, down from 49% for those who sat for the exam in May but still higher than the historic low of 42% for passing Level III that was set last year. The 10-year average success rate for the final exam is 52%, according to the CFA Institute.