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CFA Institute Reports Results for CFA® Program Level I Testing in November 2024

14 January, 2025
United States

New York, 14 January 2025 – CFA Institute, the global association of investment professionals, announces that of 26,404 candidates worldwide who sat for the Level I CFA® Program exam in November 2024, 43 percent have passed. All candidates will be notified of their results today.

Rob Langrick, CFA, CIPM, Chief Product Advocate at CFA Institute, said:

“My warm congratulations to all our successful Level I candidates. Well done! Your success reflects your strong motivation to set off on the right path, mastering the essential concepts core to the investment management profession. I wish you continued success as you move to Level II of the CFA Program and its more advanced learnings on single security analysis and valuation.”

“November’s Level I candidates had a passing rate above the 10-year average of 40 percent. We continue to see a stark difference in the pass rate of first-time test takers compared with those taking their exam after a deferral. In line with previous cohorts, first-time testers scored above the overall pass rate, with a success rate of 49 percent. Candidates who had deferred their exam at least once had a passing rate of 29 percent. We encourage candidates to stay on schedule if at all possible and make full use of all prep materials and study time.”

Today’s successful Level I candidates may now progress to Level II of the CFA Program. Registration for the May 2025 Level II exams is open.

Candidates for the November Level I CFA Program exams attended in person at one of 507 proctored computer-based examination venues located in 395 cities in 110 markets worldwide. Exam Levels I and II were held during the November testing period. Level II results will be released to candidates on 16 January 2025. Historical pass rates can be found at the following link: Exam Results and Pass Rates.

The CFA Program is the globally recognized gold standard in investment management education. It’s a rigorous self-study program that covers a wide range of essentials from ethics to quantitative analysis to portfolio management and wealth planning. The CFA Program equips aspiring and practicing investment industry professionals with expertise in real-world investment analysis to help individuals move forward and advance in their chosen career.

New CFA Program Question Slam 
On Thursday 16 January, Rob Langrick will host a live webinar and open Q&A about the CFA Program. The webinar is open to all and is particularly geared toward current and potential CFA Program candidates. Topics will include exam-day procedures, study tips, latest curriculum updates, career paths, and applying for finance jobs. Registration is available at CFA® Program Question Slam Registration.

For further information, please contact [email protected].

About the CFA Program

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. Candidates can access all the essential study tools through the Learning Ecosystem including mock exams and the newly introduced Practical Skills Modules. Candidates preparing to sit for an exam after a deferral may find CFA exam study tips helpful. For more about the CFA Program, visit: CFA Program.

About CFA Institute

As the global association of investment professionals, CFA Institute sets the standard for professional excellence and credentials. We champion ethical behavior in investment markets and serve as the leading source of learning and research for the investment industry. We believe in fostering an environment where investors’ interests come first, markets function at their best, and economies grow. With more than 200,000 charterholders worldwide across 160 markets, CFA Institute has 10 offices and 160 local societies.  Find us at www.cfainstitute.org or follow us on LinkedIn and X at @CFAInstitute.