CFA pass rates hit five-year low as test-takers complain about accessing results. Newsletter sign up Get the latest career advice and insight from eFinancialCareers straight to your inbox Sign up.
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Popular job sectors Popular job sectors Loading You may consider registering for Level 2 as early as the day after your receive the results email. Thanks to the new scheduling system, you no longer have to decide between waiting either four months or 16 months before you can proceed. I bet most candidates fail at least once along the way. John included he failed Level 3 once.
Save my name, email, and website in this browser for the next time I comment. A Note on Score Bands Score bands are useful only to show your relative strength and weakness across topic areas. Related Posts. Do you have any additional questions about the grading process? Let us know what your thoughts are in the comments below! Will the new CBT exam results be known at the time you finish the exam? That said, results would be announced quicker than the typical paper-based timing, but no information is available on this yet until CFA Institute has done a few CBT exam cycles.
Notify me of followup comments via e-mail. You can also subscribe without commenting. Want to pass your exams? Recent years' miserable pass rates are show in the table below.
Level One has the lowest rate of success. Of the huge 68, people who sat the first rung of the CFA exams in December last year, around 39, failed. That's a lot of disappointment. Given that the CFA Institute advises hours of study per exam, that's also 12m hours of study time wasted assuming the candidates who failed actually put the hours in , which isn't always the case. It's a bit late now, but successful candidates say you need to be doing a lot of mock tests under timed conditions.
But when you score yourself afterwards, how will you know whether you've done well enough to pass the real thing? The CFA Institute, which masterminds the entire process, is notoriously coy when it comes to explaining what constitutes a pass and what doesn't. To pass, candidates need to meet a minimum 'net passing score. No one knows. It's never given and it varies year-on-year according to how hard the paper was and how well everyone does in the exams.
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