CFA Institute Reports Results for Testing in July

CFA Institute, the global association of investment professionals, announces that of the 28,849 candidates worldwide who sat for the Level I CFA® Program exam in the July testing window, 22 percent have passed. All candidates will be notified of their results today.

Peg Jobst, Managing Director, Head of Credentialing, said: “We continue to see the impact from the exam disruptions brought on by the global pandemic. We understand how difficult this period has been for our candidates, who in many cases saw their exam schedules changed more than once as they sought to sit for Level I of the CFA Program. We can clearly see that these disruptions have impacted the overall pass rate.

“We have made substantial progress in terms of helping our candidates schedule their exams where local conditions permit. For example, Level I exams proceeded in India in July whereas the May exams did not occur due to public-health regulations. As a result, we are pleased that many deferred candidates have been able to take their exams thus far in 2021 – and many more will do so in the months to come.

“Going forward, we do expect the pass rate to approach pre-COVID historical levels in time -- so long as pandemic conditions subside. As we have said before, the exams and the process for setting the minimum passing score have not changed. Unfortunately, the many challenges posed by life during a pandemic have clearly made the process more daunting.”

Global-level pass rate information and historical data can be found at the following link: Exam Results and Pass Rates. Candidates for the July exams attended in person at one of some 620 proctored examination venues located in 393 cities in 93 markets worldwide.

For further information, please contact [email protected].