Your Guide to The Latest CFA Exam Results, Including June 2019

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By Zee

As we’ve all been through the CFA exams, all of us at 300 Hours know the jitteriness that you’re feeling now. We also know that there can be quite a few questions on what the results were, pass rates, comparisons to previous years, and whether you can get a more accurate estimate of your score.

As always on every results day, we post our roundup below – except your own score, of course, which you will get in your inbox


What are the pass rates?

​​The results of recent years’ CFA exams are summarised in the table below, together with the most recent results:

Year
Level I June
Level I December
Level II
Level III
2019
41%
44%
56%
2018
43%
43%
45%
56%
2017
43%
43% 
47%
54%
2016
43%
43%
46%
54%
2015
​42%
43%
46%
53%
2014
42%
​44%
46%
​54%
2013
38%
​43%
43%
49%
2012
38%
37%
42%
52%

Results format – where’s the additional details?

CFA Institute has changed the way additional details about the results are presented. In the past, additional detail you received in the email includes:

  • a categorical score on your exam topics – one of 3 categories: 0-50%, 51-70%, 71% and above
  • in the case of a Fail, an additional Band 1-10 score (10 indicating the closest to a Pass grade)

The current format is a more visual one that presents a better post-exam diagnosis to the candidate, although still keeps key numbers such as candidates’ actual scores and the minimum passing score (MPS) undisclosed. You can, however, see our MPS estimates of previous CFA exams here.

You can learn more about the current format through these articles:


How do I interpret my charts?

The new format visually gives you a good idea how well you did relative to the rest of the CFA exam candidate population – we’ve written a step-by-step guide to interpreting your results charts here:


How do the pass rates compare to past years?

The pass rate has gone through an overall historical decline, but the good news is that since 2010 or so, pass rates have been on the rise. Below are all historical datapoints as a comparison (mouse over to interact). We’ve got more historical pass rate data here.


I didn’t pass 🙁

That really blows. We’ve gone through a few failures ourselves, so we understand how crappy it is to push yourself through all this hard work only to not get through. 

Although it doesn’t help how you feel, we can help you recover from this and go on to succeed. Here are 5 steps to make the most of this experience

Retabulation.

If you’re not satisfied with your results and wish to request a retabulation, note that this is only a technical check to ensure that your paper was graded correctly with no mistakes. It is not a subjective reconsideration of your case so only request one if you think there has been an error in the grading process.

It’s highly unlikely that you’ll be upgraded to a pass as a result of retabulation – we’ve never heard of it happening, to be honest.

I have another question! 

Our team of charterholders is at hand today at the Forum – just post your question there, or simply put it in the comments below! We’ll get back to you in a jiffy.

How were your results today? We’d love to hear about them below!

Zee Tan
Author: Zee Tan

 

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