CFA exams are considered to be the most challenging there are, even more difficult than medical school or law school exams, with passing rates under 50%. The certification process requires years (yes, you read that right) of dedication, time and effort. Please wait a moment and try again. The CFA exams are perhaps the most challenging exams out there.
They are often called “without exception” the most difficult exams, even more difficult than those at medical or law schools, with pass rates that hover around 50% and were much lower during the recent pandemic. Does this mean that you should feel discouraged when trying these tests? No, it's not like that. Despite the difficulty of the CFA exams, this certification is worth obtaining because it demonstrates a high level of commitment and knowledge, as well as the great possibility of obtaining greater earning potential compared to your unauthorized peers. The path to obtaining the CFA designation will be difficult; it will require years of study and discipline.
Budget for 300 hours to study, invest in the right CFA review course (such as FinQuiz Pro's CFA exam review program), maintain consistency and answer lots of practice questions and practice tests, and you'll greatly increase your chances of being part of the successful group. The CFA Institute does not disclose to the public the scores of individual candidates or members of the European Parliament, although the names of the candidates who pass the exams are communicated to local societies so that they can join them. One of the most surprising things about the CFA exams is that the questions challenge you to understand what is being asked for and, as the exams move from one level to the next, to integrate your knowledge to solve problems other than those that appear in the text. Learn how to develop a CFA study plan to help you pass each level of the CFA Program exam on the first attempt.
The exam is sponsored by the Federation of State Medical Boards and the National Board of Medical Examiners. With up to 39,000 monthly Internet searches, the CFA exam secures its place as one of the most difficult exams in the world. However, the CFA Level III exam does not evaluate investment tools such as quantitative methods, financial statement analysis, and corporate issuers. The Certified Financial Analyst (CFA) exams are the most recognized and respected in the world of finance.
The Board of Governors of the CFA Institute sets the minimum passing score (MPS) for each level exam once it has been taken.