CFA Level 1 Results 2024 (OUT) May Session - Minimum Passing Score, Pass Percentage

CFA Results 2024 - Chartered Financial Institute has declared the CFA level 1 May 2024 results on June 26, 2024, at 9 am. The institute will deliver the CFA level 1 result on the candidate's registered email id. Alternatively, candidates can check the CFA Level 1 result on the CFA official website- cfainstitute.org by using their login details. The direct link to check CFA result 2024 for level 1 is given below. The CFA Institute will also declare the CFA level 1 pass percentage along with the CFA level 1 result. The average CFA level 1 pass percentage is 40% which is the lowest in the CFA course between the three levels. The institute had conducted CFA level 1 May 2024 from May 15-21, 2024.

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This Story also Contains

1. CFA Level 1 Results: Important Dates
2. Steps to Download CFA Level 1 May Results
3. CFA Level 1 Pass Percentage

Earlier the CFA Institute had declared the CFA Level 1 February 2024 result on April 4, 2024. The CFA pass percentage for CFA level 1 February 2024 results stands at 44%. Through CFA Level 1 results, candidates would receive their qualification status i.e. pass or fail as well as details of their performance in each of the topics in CFA Level 1. The institute conducts exams for CFA level 1 four times a year in February, May, August and November. The result of CFA level 1 is announced around 5-8 weeks after the exam. The CFA level 1 is the first of the three levels of the CFA exams.

CFA Level 1 Results: Important Dates

Steps to Download CFA Level 1 May Results

Candidates would be able to obtain the result of CFA level 1 by logging into the CFA website. They must follow the steps given below to download the CFA level 1 result:

• Visit the official website - cfainstitute.org

• Go to Exam Overview

• Next under CFA level 3 section click on the results link

• Sign in to your CFA account with the login credentials

• CFA level 1 result would be displayed on the screen

• Save and download for future reference

CFA Level 1 Results: Minimum Passing Score

To be able to get the pass rating in the CFA Level 1 result, candidates must be able to score above the Minimum Passing Score (MPS). There are no fixed CFA minimum passing marks as it varies from one session to another. The CFA institute would announce the minimum passing score separately for each session.

CFA Level 1 Result: Analysing Exam Performance

Along with declaring the CFA result, the CFA Institute also helps the candidates get a complete picture of their performance in the CFA exam. Given below are a few elements in the result analysis.

• Candidate’s Score: If a candidate scores above the MPS then they are considered to have passed the exam. If a candidate scores below MPS then they are considered to have failed.

• True Ability: The CFA Institute tries to ensure that the CFA level 1 result portrays a candidate’s true ability by accounting for all the positive as well as negative factors that may have affected the CFA result.

• Confidence Interval: The CFA level 1 results are declared with a 90% confidence interval. A score well above the MPS or well below the MPS indicates a higher confidence interval as the candidate would have passed or failed under most circumstances. A candidate who passed with a score very close to the MPS would have to work harder to improve their score as well as the confidence interval of their score

• Percentile Rank: The CFA results also indicate the level of the top 10 percentile and the bottom 10 percentile.

• Topic Wise Performance: Candidates also get to know their performance in each of the topic areas through the CFA level 1 result. Similar to the aggregate score, the confidence interval in topic wise results would be higher in case of considerably higher scores (above 70%)

CFA Level 1 Pass Percentage

Along with the CFA level 1 result, the institute would also release the CFA level 1 pass percentage. Historically, the pass percentage for CFA level 1 is around 41%. The table given below the CFA level 1 pass rate for previous sessions.

CFA Level 1 Pass Rate