Why is the CFA Level 1 2021 pass rate so low?

So why are recent pass rates so low? Many professional exams have been disrupted by COVID-19, delaying enrollees for a few months. However, unlike other professional exam enrollees, CFA candidates have been disrupted since March 2020 when CFA Institute announced the cancelation of the June 2020 exams.

Why is CFA pass low?

The institute continues to cite disruption from the pandemic as a reason for the trend. And as the CFA has shifted to more frequent and digitally administered exams, the number of candidates taking the test in each period has also decreased, which could factor into the lower pass rates.

Why did so many people fail CFA Level 1?

1. Failed to Study Enough Hours. CFA Institute estimates it takes in excess of 300 hours to properly prepare for each level of the CFA exam. And, of course, the discipline needed to maintain your studies is one of the key reasons the CFA charter is so highly valued by employers.

Is CFA harder now?

The Bottom Line. Overall, the CFA exams are very difficult, but candidates can increase their chances of passing by studying for over 300 hours, utilizing alternative prep materials, answering as many practice questions as possible, and creating a structured study plan.

Does passing CFA Level 1 expire?

No. Your results do not expire.

What is the pass rate for the CFA level 1 exam?

For 2020, the pass rate comes from the single Level 1 exam offered in December. The 10-year weighted average pass rate for CFA Level 1 is 42\%. It’s certainly not an easy exam to pass, but it’s good to see the upward trend. Additionally, the December 2020 pass rate was a bit of an outlier at 49\%.

How will I receive results for my CFA exam?

Results for CFA exams taken on the following dates are now available: You will receive a result of “pass” or “fail” along with information on your topic level performance. (Candidates who pass Level III will not receive detailed results.)

How many times a year are the CFA exams held?

There are two data points for each Level 1 exam because up through 2019, CFA level 1 was given twice a year, while Level 2 and 3 were held once. However, in 2020, the pandemic forced a postponement of all CFA exams, and Level 1 was only offered in December.

Is Cfa hard to get into?

For starters, the CFA curriculum is not much more challenging than freshmen level courses in college. It’s certainly not as simple as some high school math, but the definitions, ideas, and concepts can be easily digested if you put the time in to memorizing, and understanding them. The answer is an unequivocal yes.