CFA Exam

A candidate who has scored really well could have a high confidence interval. They will have grey line with the confidence interval box above MPS. 

A candidate who has scored poorly can have a high confidence interval, they would not have passed under any circumstances and would need to study more in the future will have the grey line with a confidence interval box under the MPS line.

A candidate who has secured an average score (close to MPS) might have passed under some circumstances and would have pushed the odds in his/her favour, score line and confidence interval box will overlap MPS. 

The light blue box around or over and above the MPS is the confidence interval in CFA result card. 

CFA result cum scorecard includes a purple dashed line, which indicates 90th percentile. This means that 10 per cent of students scored higher than this. 

CFA result has thick black dotted line in the scorecard. It shows the 10th percentile score, i.e. 10% of candidates who took the exam scored lesser than this.

Check the table below to know the level wise average pass rate in India:

The average pass rate in India is 35% to 45%. Check the table below to know the CFA pass rate in India for Level 1:

CFA level 1 and 2 results are released within 5 to 7 weeks. Level 3 results are released within 8 weeks. 

CFA level 1 February result will be released on March 19, 2026. CFA level 3 2026 result for the February session will be released on April 7, 2026. The results will be announced online. 

• Name 
• CFA Institute ID
• Exam level and month
• Pass or Fail status
• Minimum Passing Score
• Score of the candidate
• Confidence interval
• Grey line or actual scaled score 

Angoff Method is used by subject matter experts to decide probability of a student answering each question correctly in CFA exam. These probabilities range from 0 to 100 and are then averaged for each question. Then the averages are added to find the final cutoff or minimum passing score in CFA exams.