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CFA Institute Reports Results for Testing in July

Candidates sat for Level I only

New York City, United States 14 Sep 2021

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 pr@cfainstitute.org.

Notes to Editors

Enrolling in the CFA Program and earning the CFA charter prepares individuals for a variety of career paths in the investment industry. The CFA designation is valued by employers in every sector of the global finance industry including portfolio management, investment analysis, wealth management and consulting. For more about the kind of roles available for CFA charterholders, please visit: Charterholder Careers.  An online Readiness Assessment tool helps individuals considering the CFA charter to assess whether the program is right for them.  For more about the CFA Program history, its curriculum content, and how examinations are graded, please visit the publication Where Theory Meets Practice.

About CFA Institute 

CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion of ethical behavior in investment markets and a respected source of knowledge in the global financial community. Our aim is to create an environment where investors’ interests come first, markets function at their best, and economies grow. There are more than 175,000 CFA® charterholders worldwide in more than 160 markets. CFA Institute has nine offices worldwide and there are 160 local societies. For more information, visit www.cfainstitute.org or follow us on Twitter at @CFAInstitute and on Facebook.com/CFAInstitute.