The CFA Level I exam pass rate remained robust at 45% in May 2025, surpassing the decade-long average of 40%. This steady performance, consistent with February’s results, reflects a recovery from the 2021 lows impacted by Covid-19-related test deferrals.
The CFA Institute reported that the May pass rate marks an improvement from November’s 43% success rate. Over 24,000 candidates took the Level I exam in February at 497 computer-based testing centers worldwide.
The CFA charter, a prestigious credential in the finance industry, opens doors to enhanced career opportunities and higher salaries. The rigorous three-level exam, offered multiple times annually, remains a cornerstone for aspiring financial professionals.
The CFA Institute is expanding access to its program by adding new test centers in India, Ethiopia, Morocco, Mozambique, and Swaziland, set to open in November 2025. “We’re committed to expanding access to the CFA program and supporting candidates to test in a convenient location,” said Chris Wiese, managing director for education at the institute.
These new facilities reflect the institute’s focus on enabling candidates to take exams closer to home. The expansion targets high-growth regions like Africa and India, aligning with global demand for the CFA designation.
Level II candidates who sat for their exams in May will receive results on July 1, 2025. The CFA Institute’s ongoing efforts to enhance accessibility underscore its commitment to fostering the next generation of finance professionals.
