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CFA Institute Reports Results for CFA Program Level II Testing in May

6 July, 2023
New York City United States

CFA Institute, the global association of investment professionals, announces that of 15,895 candidates worldwide who sat for the Level II CFA® Program exam in May 2023, 52 percent have passed. All candidates will be notified of their results today.

Successful Level II candidates wishing to progress directly to Level III of the CFA Program may register for the February 2024 examination window. An early bird registration rate is available until 13 July 2023.

Chris Wiese, CFA, Managing Director, Education at CFA Institute, comments:

“Congratulations to all our Level II candidates receiving news today of their success in the May exams. Your pass is a tremendous achievement. We see that the Level II pass rate continues to normalize from the depths of the pandemic as candidates’ study schedules get back on track. The May Level II cohort returned a notable pass rate of 52 percent, which comes in above the 10-year average. Over time we have seen that pass rate spikes do occur, and it’s nice to see more candidates making good progress through the CFA Program.”

Candidates for the May Level II CFA Program exams attended in person at one of 471 proctored computer-based examination venues located in 361 cities in 102 markets worldwide. Exam Levels I and II were held during the May testing period. Historical pass rates can be found at the following link: Exam Results and Pass Rates.

 

For further information, please contact [email protected].

 

Notes to Editors

Enrolling in the CFA Program and earning the CFA charter prepares individuals for a variety of career paths in every sector of the global finance industry including portfolio management, investment analysis, wealth management and consulting. The curriculum is updated annually and teaches and tests across 10 topics through an agreed Candidate Body of Knowledge.

CFA Program candidates have access to extensive online learning materials including a Learning Ecosystem - an adaptive online learning tool that provides all necessary study materials, study planning tools, and mock examinations designed to focus candidates on their needs, strengths, and weaknesses in preparation for their exams. Candidates preparing to sit for an exam may find CFA Exam Study Tips helpful.

For more about the CFA Program, visit: CFA Program Evolution.

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 190,000 CFA charterholders worldwide in more than 160 markets. CFA Institute has nine offices worldwide and 160 local societies. For more information, visit www.cfainstitute.org or follow us on Linkedin and Twitter at @CFAInstitute.