Investment Foundations Exam Results

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After you complete your exam you will receive a preliminary "pass" or "did not pass" exam result on-screen. Within 5 days of your exam we will email you your official "pass" or "did not pass" result.

If you pass the exam, you will receive your certificate in 4 to 6 weeks.

If you do not pass the exam, we provide you with information about how you performed in each module area, including if you scored within 10% of the passing score. We encourage you to register again and use this information to help you prepare to retake the exam.

We do not provide you with your exam score. Your detailed exam score and responses to exam questions are measurement information and part of your exam record, both owned solely and held permanently by CFA Institute.

Learn more about the Investment Foundations exam results (PDF)

Retaking the Exam

If you do not pass the exam, you can register to take the exam again (after your official exam result has been posted in your account). To register again, you must use a new voucher code or pay the registration fee.

You can retake the exam up to 3 times within a 12-month period. You may not retake the exam more than 5 times total in your lifetime.

Exam Pass Rate

As of 12 December 2016, over 11,000 candidates have passed the exam and earned the Investment Foundations Certificate.

The passing standard for the exam is set to ensure a fair and consistent level of difficulty so the pass rate will vary over time according to the ability of candidates and how well they prepare. The current pass rate of 85% reflects the strong commitment of candidates who completed the program during its first two years.

Sharing Your Status in the Program

Candidates and graduates are responsible for properly using the Investment Foundations certificate trademark. Review the Social Profile Guidelines and the Usage Guidelines for Investment Foundations or email trademark@cfainstitute.org.