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Strategy, topic breakdowns, pass rate analysis — everything you need to study smarter for the CFA exam.

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Level 1 Pass Rates

CFA Level 1 Pass Rates: What the 35% Number Actually Hides

The CFA Level 1 pass rate has hovered around 35–44% in recent years. Here is what that number actually means for your preparation strategy.

J
James Whitfield, CFA
14 Jul 2026
Level 1

CFA Level 2 Pass Rate Is 46% — And the Reasons Aren't What You'd Guess

Two failures, a lot of self-reflection, and one very different approach to studying. Here's the honest breakdown of what changed — and why most candidates study the wrong way.

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James Calloway, CFA
01 Jul 2026