CFA Institute Reports Results for CFA® Program Level II Testing in August 2024

New York—10 October 2024 – CFA Institute, the global association of investment professionals, announces that of 8,872 candidates worldwide who sat for the Level II CFA Program exam in August 2024, 47 percent have passed. All candidates will be notified of their results today. 

“Congratulations to all successful Level II candidates. I’m excited to see your progress and encourage you to stay focused and diligent in your study goals. I hope you can enjoy a little time out to recharge before embarking on that last stretch to your final CFA® exam and a CFA® charter now firmly within sight,” said Chris Wiese, CFA, Managing Director, Education, at CFA Institute.

“This Level II exam cohort achieved a pass rate just above the 10-year average of 45 percent. Once again, we saw pass rate differences between first-time testers and those who tested having previously deferred their exam on one or more occasions. First time Level II testers achieved a pass rate of 55 percent. Testers with at least one exam deferral behind them had an average passing rate of 35 percent. Smart study habits -- including staying on schedule as much as possible -- play a key role in exam success.” 

Candidates for the August Level II CFA Program exams attended in person at one of 423 proctored computer-based examination venues located in 336 cities in 100 markets worldwide. 
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Notes to Editors
Exam Levels I, II, and III were held during the August testing period. Level I results were released on 8 October 2024. Level III results will be released on 17 October 2024. Historical pass rates can be found at the following link: Exam Results and Pass Rates.