CFA Exam Scores

Each level of the CFA exam has its own criteria and passing score. CFA institute sets a MPS which changes with each cycle for the newly registered candidates. Some years test takers will receive an overall CFA score of 65% and fail, and in some years they may receieve a score of 62% and pass. The scoring plays a role in deciding the overall pass score in CFA exam. In general, an overall score of 70% and above will help you pass the CFA exam.

For the Level 1 exam candidates, the CFA Institute will only release a pass or fail result. There will be no detailed result breakdown in any specific section or cores. They will only receive a performance band, if they pass the exam.

On the other hand, CFA level 2 and 3 candidates will receive a pass or fail result along with the detailed breakdown of the CFA result and scorecard. Along with the performance band, they can check how they did in the sections and core areas.

The waiting time for CFA exam results is as follows:

1. Level I Exam: Results for the Level I CFA exam are released in about 60 days after the exam date. This means one can expect to receive their Level I results approximately in two months after taking the CFA exam.

2. Level II and III Exams: Results for the Level II and III CFA exams take a bit longer to be released. They are available approximately in 90 days after the exam date. So, for Levels II and III, one can expect to receive their results about three months after taking the CFA exam.

The "passing score" for the CFA exam is the Minimum Passing Score, which is set by the CFA Institute Board of Governors after each exam. This ensures fairness to the candidates, and the difficulty level is taken into consideration when setting the minimum score. The authorities do not make the MPS public, but candidates who pass the exam will get a mail regarding the status of the result. 

It is important to note that the CFA Institute does not release individual candidate scores or detailed exam scores and responses to exam questions. The results are only available online for approximately one year after the exam date.

The pass rates for CFA exams can vary. The CFA Institute also releases pass rates for each exam level after the results are announced. 

1. Level I: Pass rates for Level I exams have historically been around 40% to 45%. This means that, on average, 40-45% of candidates pass the Level I exam.

2. Level II: Pass rates for Level II exams have historically been lower than Level I, averaging around 40% to 45% as well.

3. Level III: Pass rates for Level III exams have tended to be slightly higher, with historical pass rates ranging from 50% to 60%.

The CFA exam results will be available approximately 7-10 weeks after the close of a CFA exam window, depending on exam level. CFA Level I and Level II exams are expected to be available approximately 8-10 weeks after the close of the exam window, and approximately ten weeks for the CFA Level III exam.

To check the CFA result, you can follow these steps:

1. Visit the official website of the CFA Institute.
2. Find the link "CFA result" on the home page.
3. Enter your email ID and password to log in.
4. The result will be displayed on the screen.
5. Download and take a printout of the result for future reference.

CFA exam results are released according to the following timelines

CFA results are released online only. Candidates who appeared for the CFA exam will get an email regarding their CFA results and can check through candidate portal. 

If someone fails a level of the CFA exam, they have the opportunity to retake that specific level in the future exam windows. They would be required to register again to take the same exam again. The CFA level 1 exam is offered twice a year, and students can reapply. 

There is no limit to the number of attempts to take for a specific level. Students can try to change the preparation strategy to avoid faltering.