CFA Level 1 results 2024 for August exams out; pass rate drops to 44%, level 2, 3 result dates details

NEW DELHI: The Chartered Financial Analyst (CFA) Institute has declared the CFA Level 1 results for the August exam 2024. The CFA Level 1 August 2024 exam results 2024 have been mailed to candidates today. Candidates will also be able to check their performance level through the official website, cfainstitute.org.

“August 2024 Level I CFA exam results are being emailed to candidates on 8 October 2024 after 9:00 am ET,” the official website read. 9 am ET is 6.30 pm Indian Standard Time (IST).

As per the schedule, the CFA Level I November exam dates are fixed from November 13 to 19. Results for the August 2024 Level II CFA exams will be emailed on October 10 after 9 am and CFA Level 3 August results 2024 will be announced on October 17. The institute had earlier this year announced a compulsory completion of the practical skills module (PSM) for level I and level 2 candidates.

The level 1 exam consists of 180 multiple-choice questions, split between two 135-minute sessions. Candidates were also given an optional break between sessions. First and second session carried 90 MCQs each and students were given 2 hours and 15 minutes to attempt the questions.

CFA Level I exam pass rate

• August 2023 CFA Level I exam pass rate: 37%
• November 2023 CFA Level I exam pass rate: 35%
• February 2024 CFA Level I exam pass rate: 44%
• May 2024 CFA Level I exam pass rate: 46%

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While checking the CFA results, “The first thing to notice is the thin solid grey line (—). For the overall exam, this line represents the minimum passing score (MPS),” the institute said. If the thick grey line lies above the MPS line, that means the candidate has passed the exam and if the score lies below, it means they have failed. “The light blue box around your score line represents a 90% confidence interval,” it added.