PASS RATE: Chartered Financial Analyst (CFA) Exam
How many Chartered Financial Analyst (CFA) charterholders are there?
According to the CFA Institute, the official number is 132,000 CFA charterholders worldwide. It’s a relatively small group of people, considering billions of people around the world and millions of employed professionals in the finance industry.
This exclusive group of CFA charterholders only includes those who successfully met the CFA pre-requisites, including:
(1) passing all 3 levels (Level I, II, and III) of the Chartered Financial Analyst (CFA) exam;
(2) meeting the required four years of qualified work experience; and
(3) becoming a member of the CFA Institute.
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Interesting fact: the CFA exam was first administered in 1963, and since then only 2.64 million people worldwide have taken it. Did you know that the average CFA Exam pass rate in the last 55 years is just 46%?
Here’s another startling fact: from 1963 to 2017, only 226,000 finance professionals were able to complete and pass the third and final CFA Exam Level III. To reiterate: that’s just 226,000 Level III passers in the last 55 years! Wow!
Want to know more interesting tidbits about the CFA Exam and its pass rates? Continue reading below.
CFA Exam Pass Rate, from 1963 to 2017
|CFA Exam||LEVEL I||LEVEL II||LEVEL III||TOTAL|
In the last 55 years, from 1963 to 2017, the historical average CFA Exam pass rate was 45.6%.
Also as mentioned earlier, a total of 2,639,687 or 2.64 million finance professionals worldwide have taken the exam, with only 650,321 passing Level I; 327,716 passing Level II; and 226,734 passing Level III.
No doubt, the CFA Exam is a tough examination based on the pass rate alone!
Here’s the passing rate for each level of the CFA Exam from year 2010 onwards.
CFA Exam Level I Passing Rate
|CFA Exam Level 1||Pass||Fail||Total||Pass Rate|
CFA Exam Level II Passing Rate
|CFA Exam Level 2||Pass||Fail||Total||Pass Rate|
CFA Exam Level III Passing Rate
|CFA Exam Level 3||Pass||Fail||Total||Pass Rate|
So if you’re interested to take the Chartered Financial Analyst (CFA) exam soon, study well so you can pass this obviously arduous exam. Good luck!
Read other awesome posts about the CFA Exam!
Information Source: CFA Institute (www.cfainstitute.org)
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