The pass rate for the CFA Level 1 exam has remained at 43%, higher than the ten-year average level.

The pass rate for the Chartered Financial Analyst (CFA) Level I exam remains above the historical average, with candidates who have had their exams delayed still experiencing lower pass rates. The CFA Institute stated on Tuesday that in November, 43% of candidates passed the Level I exam, the same as in August but lower than the 45% in May and February. This is higher than the average pass rate of 41% over the past decade, and has been on the rise since its low point in 2021 when the pass rate was affected by exam delays during the COVID-19 pandemic. Candidates who have had their exams delayed had a lower pass rate. The CFA Institute reported that in November, the pass rate for candidates who had taken the Level I exam at least once and had their exams delayed was 29%, while the pass rate for first-time candidates was 49%. Nearly 27,000 candidates took the Level I exam in November at 518 exam centers worldwide. The CFA exams transitioned from paper-based to computer-based during the pandemic.