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What is the pass rate of the CFA exam?

来源： Golden Education 2023-10-17

The CFA exam has some difficulty, but if you prepare carefully, the chances of passing the exam will also greatly increase. The pass rate of the CFA exam has significantly improved in recent years, so let's take a look together.

The pass rate of the CFA exam in recent years:

1. CFA Level 1 in May 2021: 25%; CFA Level 2: 40%; CFA Level 2: 42%

2. CFA Level 1 in July 2021: 22%;

CFA Level 1 in August 2021: 26%; CFA Level 2: 29%; CFA Level 2: 42%

November 2021 CFA Level 1: 27%; CFA Level 2: 46%; CFA Level 2: 43%

February 2022 CFA Level 1: 36%; CFA Level 2: 44%;

6. CFA Level 1 in May 2022: 38%; CFA Level 3: 49%

7. CFA Level 1 in August 2022: 37%; CFA Level 2: 40%; CFA Level 2: 48%

8. CFA Level 1 in November 2022: 36%; CFA Level 2: 44%;

February 2023 CFA Level 1: 38%; CFA Level III: 48%

May 2023 CFA Level 1: 39%; CFA Level 2: 52%;

CFA Level 1 Exam Question Types

The CFA exam machine is divided into two sessions. The first level exam consists of 180 multiple-choice questions, each lasting 135 minutes. There is an optional rest period between the two exams. Candidates must complete two exams in order to achieve exam results.

The first session (2 hours and 15 minutes): 90 multiple-choice questions covering 4 subjects: ethical and professional standards, quantitative methods, economics, and financial statement analysis.

Session 2 (2 hours and 15 minutes): 90 multiple-choice questions covering 6 subjects: corporate issuers, equity investments, fixed income, derivatives, alternative investments, and portfolio management.

Question format:

Each multiple-choice question in the CFA Level 1 exam consists of a question, a statement and/or table, and three options (A, B, C).

The two basic forms of questions are as follows: all questions have the same score, and no points will be deducted for incorrect answers.

(1) Sentence fill in the blank question, with three options

(2) Q&A questions with three options

CFA Level 2 Exam Question Types

Each item set up in the CFA exam includes a small illustration, followed by four single choice items (questions). Each section of these two exams has 44 multiple-choice questions, and the entire exam has a total of 88 questions, with each question scoring 3 points.

CFA Level 3 Exam Question Types

The CFA Level 3 exam consists of 22 "big questions" with 12 points each. These big questions include: 1) Case based multiple-choice questions (11 questions): each big question includes 4 multiple-choice questions, with 3 points for each question; 2) Case based argumentation questions (11 questions): Candidates must choose or provide argumentation based on the information in the case.

(1) The first exam (2 hours and 12 minutes): 11 large questions, both types of questions included, which may be "5 multiple-choice questions based on cases+6 argumentative questions based on cases", or "6 multiple-choice questions based on cases+5 argumentative questions based on cases".

(2) The second exam (2 hours and 12 minutes): 11 large questions, both types of questions included, which may be "5 multiple-choice questions based on cases+6 argumentative questions based on cases", or "6 multiple-choice questions based on cases+5 argumentative questions based on cases".

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cfa备考热门问题解答

cfa证书就业岗位有哪些？: cfa考完后可以从事的工作包括公司会计、基金经理助理、投资管理师、股票研究分析师、基金分析师、投资产品分析师、券商助理分析师、交易员等。在全球范围内，cfa会员的雇主包括了摩根大通、汇丰银行等机构。

cfa考试内容有哪些？: cfa考试分为三个等级，cfa一级和二级考试科目包括《职业伦理道德》、《定量分析》、《经济学》、《财务报表分析》、《公司理财》、《投资组合管理》、《权益投资》、《固定收益投资》、《衍生品投资》、《其他类投资》。cfa三级考试科目包括《经济学》、《投资组合管理》、《权益投资》、《职业伦理道德》、《固定收益投资》、《其他类投资》、《衍生工具》。

cfa一年考几次？: cfa每年考试的次数每个级别均有不同，其中CFA一级考试每年设置四次，CFA二级考试每年设置三次，CFA三级考试每年设置两次。需注意，协会规定考生必须要按照CFA考试的三个级别，依次进行报考，且报考两个级别考试的窗口之前需至少间隔6个月。

cfa的含金量如何？: CFA证书全称Chartered Financial Analyst（特许注册金融分析师），是全球投资业里最为严格与高含金量资格认证，为全球投资业在道德操守、专业标准及知识体系等方面设立了规范与标准，具有较高的知名度和影响力。英国的国际学术认证中心，还将持有CFA证书视为拥有硕士学历水平，能让想进修的金融专业人士，充分学习等同于金融硕士的知识课程。此外，人民日报三年内连续四次推荐CFA证书！因此，无论是从国际知名度还是国内知名度来说，CFA资格认证的含金量和认可度都是非常高的。

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