Finance
CFA Level II Pass Rate Slumps to 47% From May’s 26-Year High
- Success rate reached a quarter-century high earlier in year
- Candidates who stayed on track outperformed those who deferred
The pass rate for the second level of the chartered financial analyst test slumped to 47%, down from a quarter-century high reached earlier this year while still above average.
In August, 47% of candidates sitting for the Level II test were successful, compared with the 59% pass rate for May test-takers. That success level was the highest since 1998. Still, the August results were above the 10-year average of 45% and the lows from 2021, when disruptions caused by the Covid-19 pandemic led to lower pass rates, the CFA Institute said in a statement Thursday.