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CFA Level 2 Pass rate

July 24, 2014

Earlier we have posted CFA Level 1 pass rate analysis. Currently, CFA Level 2 exam is offered only in the month of June. So those of you who wrote the exam in June would have to wait for a year to write the level 2. This is one of the reasons why candidates preparing full time taking a break from work prepare for CFA Level 1 exam in December.

The number of candidates taking the CFA Level 2 also has seen steady rise. Except in 2006, where for unknown reasons is showing a considerable dip, which was out of pattern from the other years.

CFA Level 2 candidates trend:

CFA Level 2 pass rate:

The average pass rates for CFA Level 2 is slightly greater than CFA Level 1 pass rates at 43%. It is understandable that the number of examinees for level 2 would be greater than the number of students who passed Level 1 in the previous year. But this number has seen a steady increase since 2009, indicating that more people are attempting the level 2 more than once. This tenacious pursuit after CFA can be taken as an indicator of how popular and valuable the charter is, in the industry.

CFA Level 2 pass rate has been consistent for the past 3 years not unlike Level 1 pass rate but since 2004, Level 2 pass rate has seen more ups and downs than Level 1. The average pass rate for the last three years and since 2004 is 42.67% and 43%.

CFA Level 2 pass rate trend

Given the pass rates, it is absolutely tough to clear any level at any given time and along with intelligence and hard work, perseverance, tenacity and patience along with excellent CFA training are the necessary ingredients to beat the odds and emerge as a CFA charter holder.


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Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, it is one of the leading International Training providers for Finance Certifications like FRM®, CFA®, PRM®, Business Analytics, HR Analytics, Financial Modeling, and Operational Risk Modeling. EduPristine has conducted more than 500,000 man-hours of quality training in finance.


Global Association of Risk Professionals, Inc. (GARP®) does not endorse, promote, review or warrant the accuracy of the products or services offered by EduPristine for FRM® related information, nor does it endorse any pass rates claimed by the provider. Further, GARP® is not responsible for any fees or costs paid by the user to EduPristine nor is GARP® responsible for any fees or costs of any person or entity providing any services to EduPristine Study Program. FRM®, GARP® and Global Association of Risk Professionals®, are trademarks owned by the Global Association of Risk Professionals, Inc

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