CFA Institute reports 49% pass rate for Level III exam in February 2025

From Yahoo Finance: 2025-04-23 10:44:00

In February 2025, the CFA Institute reported a 49% pass rate for the Level III CFA Programme exam, the final step to becoming a Chartered Financial Analyst. Over 11,000 candidates took the exam in 375 US cities, with first-time testers having a 56% pass rate compared to 30% for those with deferrals.

The Level I exam also saw a higher-than-average pass rate of 45% in February 2025, up from 43% in November 2024. The Level III exam introduced three Specialised Pathways – Portfolio Management, Private Wealth, and Private Markets, providing candidates with new opportunities for growth and specialization.

CFA Institute president Margaret Franklin praised successful Level III candidates, emphasizing the program’s rigorous standards and its role as the gold standard for aspiring investment professionals. Membership in the institute offers access to a global community of 200,000 CFA charter holders, professional development resources, and exclusive content for members seeking to excel in the industry.



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