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CFA Institute Reports Results for CFA Program Level I Testing in February

New York City, United States 28 Mar 2023

CFA Institute, the global association of investment professionals, announces that of 16,959 candidates worldwide who sat for the Level I CFA® Program exam in February 2023, 38 percent have passed. All candidates will be notified of their results today.

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

“My congratulations to everyone who has passed their Level I CFA Exam. You’ve made a great start on your path to the CFA charter, and I hope you feel encouraged to keep up the momentum.”

“During the February examination window, we had zero pandemic-related exam location cancellations. This marks the first time since we moved to computer-based testing in 2021 that pandemic-related disruptions have not impacted local exams.”

Successful Level I candidates wishing to progress directly to CFA Level II studies may register for the August 2023 examination window. Candidates wishing to register for the November 2023 Level II examination window can access an early bird registration rate until 10 May 2023.

Candidates for the February Level I CFA Program exams attended in person at one of 459 proctored computer-based examination venues located in 354 cities in 103 markets worldwide. Exam Levels I and III were held during the February testing period. Level III results will be released to candidates on 13 April. Historical pass rates can be found at the following link: Exam Results and Pass Rates.

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 CFA Program curriculum is updated annually, drawing on first-hand evidence of how skills and competencies in the investment industry are evolving. 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 after a deferral may find CFA Exam Study Tips helpful.


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.




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