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CFA Pass Rate

It is interesting to note that CFA pass rate has considerably declined over the years.

It amounted to as much as 94% at the time of inception in 1963, and as little as 42% for the June exam of 2007. Of course, the total number of exam-takers has grown around 250 times, so these pass rates are not completely comparable, but the shift is considerable enough to show a clear trend.

Is it the exam becoming more difficult, or the exam-takers are getting dumber?

Let's just hope that I am one of the few lucky among the 42% when I receive my exam results in about two months...


Original data is available at CFA Institute official site at the following URL:
http://www.cfainstitute.org/cfaprog/pdf/candidate_results.pdf
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Comments

Anonymous said…
Knarkh, I ran into your blog and am enjoying it. Hope it grows. I am from Boston and plan to take the CFA level 1 in December 08. Have a grad degree but have been recommended the CFA. Also enjoyed your post on metals. Hope to communicate further and will keep up with your blogs. NP
May 22, 2008 at 11:16 AM
Knarkh said…
I'm glad you liked it.

As a matter of fact, I am taking CFA Level 1 in three weeks (I failed last December), and this time I am very keen to make it right.

Are you in the financial industry?
May 22, 2008 at 2:09 PM
Anonymous said…
Hey Knarkh, I saw that Level 1 pass rates were down to 35% for the June exam. That's rough... Hope you were in the lucky third this time!
August 19, 2008 at 12:27 AM
Anonymous said…
Hey Knarkh, I saw that Level 1 pass rates were down to 35% for the June exam. That's rough... Hope you were in the lucky third this time!
August 19, 2008 at 12:27 AM
Anonymous said…
The results are out now. did you pass this time?

NP
August 20, 2008 at 6:26 PM
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