CFA Level 1 And 2 Results Are Finally Out

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From the CFA Institute’s website…June 2012 Exam Pass Rates

  • Level I: 38%
  • Level II: 42%
  • Level III: Available 7 August

In June 2011 and December 2011 the pass rates for Level I were 39% and 38%, respectively.

The pass rates for Level II test-takers in those same months in 2011 were 43% and 47%. 

Since 1963, the average pass rate for any of the levels is 47% [.PDF]. 

The CFA (Chartered Financial Analyst), which consists of three separate levels, is considered the most difficult test taken by Wall Streeters.  

That’s because fewer than 20% of candidates pass all three tests on the first try and it takes the average CFA candidate four years to complete the entire program.  Each level takes a solid six months to prepare for. 

The CFA Institute said it will send out individual results sometime after 9 a.m. EST today.  Those who took the Level III will have to wait until August 7th. 

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