What percentile is good for CFA Level 1?

CFA Level 1 passing scores 2012-2023 (estimated) We estimated that CFA Level 1's MPS ranged from 56%-74% from 2012-2024, with an 12 year average of 65%. The latest estimated MPS for CFA Level 1 (i.e. Nov 2023 exams) is estimated to be around 68%. The latest estimated MPS for recent CFA Level 1 exams are: Nov 2023: 68%

What percentile is good for CFA?

As with the total score, however, the further above 70% you scored, the more confident you can be that you have mastered the topic.

Can I pass CFA Level 1 with 65%?

To pass CFA Level I, you probably need to target 70% in as many topics as possible... In other words, you don't have to get more than 70% in everything to pass. Some say you can get as low as 65%, or even 63%. You don't even need to get more than 51% in everything to pass.

What is a good score in CFA Level 1?

CFA Level 1 mock exam target score: 70% and above

We estimated that CFA Level 1's MPS ranged from 56%-74% from 2012-2023, with an 11 year average of 62%. The latest estimated MPS for CFA Level 1 are: Nov 2023: 68%

Is the CFA percentile rank accurate?

The final aspects of the overall score report for the CFA exam are the 90th and 10th percentiles. Only 10% of candidates scored higher than the 90th percentile. If your mark is anywhere up there, it's safe to say you crushed it. At the other end of the interval, 90% of candidates scored better than the 10th percentile.

How I Passed the CFA Level 1 Exam [+95th Percentile Scorer?]

What is 90 percentile score in CFA?

The 90th percentile and 10th percentile lines

Given that the pass rate for the CFA exams are about 40%, this means about 1 in 4 passing candidates would perform above the 90th percentile line. 10% of candidates for that exam performed below the 10th percentile line, or about 1 in 6 failing candidates.

What is a good percentile rank?

A percentile rank score of 60 or above is considered above average. The National Percentile Rank score (NP) typically follows the Raw Score (RS) as you look across the page of an achievement test report from left to right.

Is CFA Level 1 the hardest?

Level I of the CFA Program usually has the lowest pass rate which could imply it's the most difficult exam in the program. However, this will not apply to every candidate because each person has different strengths and weaknesses.

Is passing CFA Level 1 a big deal?

It all depends on the company you keep. If you work with a bunch of people that failed the level one and never retried, it's a big deal. If you work someplace where most employees are charterholders it's not a big deal. To HR managers who don't fully grasp the CFA program passing any level is insignificant.

How hard is the CFA Level 1 actually?

CFA exams are not easy, and Level 1 is just the start. Commonly cited as one of the world's hardest exams, CFA Level 1's difficulty is comparable to a diploma level and gets harder from then on.

Is 50% enough to pass CFA Level 1?

What is the passing score for CFA Level 1? You can pass with Financial Reporting and Analysis with under 50%, Economics and Portfolio Management with over 70%. The rest subjects are between 50-70%.

How many people pass CFA Level 1 first try?

Overview of CFA Pass Rates Since 2014. The latest CFA pass rates are: 35% for Level 1 (Nov 2023) 44% for Level 2 (Nov 2023)

What is the hardest subject in CFA Level 1?

Based on historical pass rates, the hardest topics for the CFA Level I exam are: Financial Reporting and Analysis: This topic has consistently been one of the most challenging for candidates, with a historical pass rate of around 45-55%.

What is the average IQ for CFA?

A survey carried out using a sample of 50 CFA Level I candidates reveals an average IQ of 105.

Does CFA percentile matter?

If you pass one of the exams in a year with a 53% failure rate, you must have scored at least 54th percentile. Aside from that, getting anything precise is basically impossible. Add the complexity of three exams, and you can't do it.

What is the average CFA Level 1?

CFA Level 1

After completing CFA Level I, candidates can expect an average salary ranging from INR 4,00,000 to 10,00,000.

Why do so many people fail CFA Level 1?

Many candidates handle their studying exclusively in short, one-hour chunks then do poorly on the exam because they are not prepared for the level of mental fatigue. Further, mock exams force you to answer problems across the curriculum instead of only looking at specific sections.

Is CFA still prestigious?

The CFA charter is one of the most respected designations in finance and is widely considered to be the gold standard in the field of investment analysis. To become a charter holder, candidates must pass three difficult exams, have a bachelors degree, and have at least four years of relevant professional experience.

Is CFA harder than CPA?

As clearly seen in the passing rates CFA is more difficult in comparison to CPA. On an average about 50% of the registered candidates clear CPA exam whereas about 7% of the candidates clear all the 3 levels of CFA. In terms of course also, the course of CFA is much more lengthy and detailed in comparison to CPA.

Is CFA harder than medical school?

CFA Exams Pass Rates

The CFA exams are perhaps the most challenging exams out there. They are often referred to as “bar none” the toughest exams—even harder than medical school or law school exams—with pass rates that hover around 50% and were much lower during the recent pandemic.

Is CFA harder than the bar?

Considering their pass rates—approximately 50% for the CPA exams, around 13.5% for candidates completing all three levels of the CFA exams, and roughly 70% for the Florida bar—statistics would suggest that the CFA credential is in fact the hardest.

Is a CFA better than an MBA?

Career aspirations: While there is certainly overlap in how business school graduates and charterholders apply their expertise, MBA programs are generally ideal for professionals who want to pursue management positions in any industry. A CFA designation suits professionals dedicated to working in the finance industry.

Is 77 percentile good?

77th Percentile means that, in terms of scoring 77% of people are below you and only 23% are above you.

Is 74.5 percentile good?

A percentile greater than 75 is considered above normal.

Is 47th percentile good?

This means that the student had a test score greater than or equal to 47% of the reference population. Conversely, 53% of students scored equal to or higher than the individual tested.