CFA Institute announces 49% pass rate for Level III exam in February 2025
The CFA Institute has announced that 49% of candidates passed the Level III CFA Programme exam in February 2025.
This examination is the final stage of a three-part series required to obtain the Chartered Financial Analyst (CFA) credential.
The institute noted that 11,131 candidates sat for the Level III exam across 454 proctored computer-based examination venues in 375 cities in the US.
CFA Institute Education managing director Chris Wiese said: 'I note that February's Level III candidates had a passing rate just shy of the ten-year average of 51%, and broadly in line with recent Level III cohorts.
'As we have seen repeatedly, first-time testers fared best, with an overall pass rate of 56%. Test takers with at least one deferral behind them had a passing rate of 30%. We encourage candidates to stay on schedule, if at all possible.'
The exams for Levels I and III were conducted during this period, with the Level I exam witnessing a higher-than-average pass rate of 45%, an increase from 43% in November 2024.
The February 2025 Level III CFA Programme exam is said to have been the first to offer three Specialised Pathways, part of a suite of enhancements to the CFA Programme.
The pathways are Portfolio Management, Private Wealth and Private Markets.
CFA Institute president and CEO Margaret Franklin said: 'My warmest congratulations to all successful Level III candidates. You have truly earned your moment of celebration.
'The CFA Programme stands as a time-tested, rigorous set of exams and remains the gold standard for candidates who aspire to professional excellence, who have a passion for the investment industry, and who care about bringing integrity and competence to their work.'
Membership in the CFA Institute provides benefits such as networking opportunities with a global community of approximately 200,000 CFA charter holders, access to professional development resources and curated content exclusive to members.
"CFA Institute announces 49% pass rate for Level III exam in February 2025 " was originally created and published by The Accountant, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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