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CFA Level 3 Results Aug 2024 (Out) - Direct Link, Download Scorecard
Edited By Sumeet Sudarshan | Updated on Oct 18, 2024 10:17 AM IST | #CFA Exam
CFA Level 3 Result Aug 2024: The Chartered Financial Analyst Institute (CFA Institute) has declared the CFA level 3 August 2024 result on October 17, 2024. The CFA Level 3 results has been declared after 9 ET, translating to 6:30 PM in Indian Standard Time (IST). CFA Institute has also emailed the CFA Level 3 Aug 2024 results to candidates on their registered email address. alternatively, candidates can access the results on the institute's official website through their login. The direct link to check the CFA Level 3 result has been provided below. Along with the CFA result, the institute has also declared the CFA level 3 pass percentage for the August 2024 session. The CFA Level 3 Aug 2024 pass percentage is 48%.
Check your CFA Level 3 Aug 2024 result
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Once candidates clear CFA exam for level 3, and obtain the required work experience they would become eligible to become CFA charter holders. The minimum passing score required to clear the exam would be declared by the authorities at the time of announcement of CFA level 3 result. The CFA institute conducted CFA level 3 August 2024 from August 16-19, 2024 in online mode
Earlier, the institute had declared the CFA Level 3 February 2024 result on April 11, 2024 in online mode. As per the figures released by the institute, 13619 candidates appeared for the CFA level 3 February 2024 exam. 6734 candidates passed exam whereas 6885 candidates failed to qualify in the exam. The pass percentage in CFA level 3 February 2024 result stands at 49%. On the CFA Level 3 result date, candidates get to know their qualifying status - pass or fail as well as their score in each of the topics included in the CFA level 3. The CFA institute also publishes the historical pass rates on its official website. The average CFA level 3 pass percentage is 55%. The CFA level 3 Feb 2024 exam was conducted from February 19-25, 2024.
CFA Level 3 Result 2024 - Important Dates
The CFA level 3 result date 2024 would be announced in online mode. Candidates must keep track of all the CFA level 3 dates to plan their next step. CFA Level 3 exams are held twice a year - February and August.
CFA Level 3 Result Dates
| Particulars | August 2024 |
|---|---|
CFA Level 3 exam date | August 16-19, 2024 |
CFA Level 3 result release date | October 17, 2024 |
Steps to Download CFA Level 3 Result 2024
Candidates can access their CFA level 3 result on the official website. Below are a few simple steps to do so.
Visit the official website - cfainstitute.org
Click on the exam overview tab
Next, click on the result link of CFA level 3
Sign in to the CFA account with the login credentials
The CFA level 3 result would appear on the screen
Download and save for future reference
Information Mentioned on CFA Level 3 result 2024
The result of CFA level 3 informs whether a candidate has passed or failed in the exam and also their topic wise scores. The result will contain the following details:
Name of the candidate
Roll no.
Date of birth
Marks
Qualification status
Parent's name
Candidate’s roll number
CFA Level 3 Result 2024- Passing Marks
Only those candidates who obtain a score above the Minimum Passing Score (MPS) would be deemed to have passed the CFA level 3 exam. The minimum passing marks for each session of CFA level 3 varies. The CFA Institute would announce the minimum passing score for each session separately. Those candidates who fail to secure MPS would be required to retake the exam.
Understanding CFA level 3 Exam Result
The CFA Institute also provides the candidates with information about their CFA Level 3 result in greater details. The analysis of the CFA result would help candidates prepare better for future opportunities or retaking the same level. The following things are looked at while examining the candidate’s CFA Level 3 result.
CFA score: The CFA scores indicate competency of the candidate and not relative competency. Candidates scoring above MPS are considered to have passed and candidates scoring below MPS are considered to have failed. However, the institute also provides aggregate percentile scores to provide a sense of relative performance of the other candidates.
True Ability: The Institute tries to provide an accurate picture of the true ability of the candidate through the CFA level 3 result. There could be many influencing factors which affect a candidate’s performance in the exam such as candidate’s level of preparation, test environment, among others . However, the CFA Institute would declare the CFA level 3 result 2024 in a way that it incorporates all the influencing factors and portray the true ability of the candidate.
Confidence Interval: It refers to the degree of confidence one has over the CFA level 3 result.The institute declares the result with a 90% confidence level.
The confidence interval is a term that is related to true ability. A candidate who obtained a score which is considerably higher than the MPS would have passed under any circumstances which means there is higher confidence. Similarly, a candidate who obtained a score considerably lesser than the MPS would have failed under any circumstances. Here too there is high confidence. A candidate who scores very close to MPS would mean the confidence interval overlaps with the MPS. Such candidates need to work harder to improve their score.
Aggregate Percentile: CFA Institute provides candidates with the top 10 percentile range and the bottom 10 percentile range. Candidates can use this range to estimate their own percentile score.
Topic Wise Scores: Candidates also get information on topic wise scores which helps them assess their performance across different areas and work on their weak points.
CFA Level 3 Historical Pass Rate
Given below is the historical CFA level 3 pass rate. The CFA level 3 pass percentage includes the number of candidates who appeared and those who passed and failed in the exam.
Session | Total number of students appeared | Candidates passed | Candidates failed | Passing rate |
|---|---|---|---|---|
| August 2024 | 16,947 | 8,081 | 8,866 | 48% |
| February 2024 | 13619 | 6734 | 6885 | 49% |
August 2023 | 16035 | 7585 | 8450 | 47% |
February 2023 | 14858 | 7102 | 7756 | 48% |
August 2022 | 10,376 | 5,032 | 5,344 | 48% |
May 2022 | 12,384 | 6,047 | 6,337 | 49% |
November 2021 | 16,186 | 6,989 | 9,197 | 43% |
August 2021 | 2,769 | 1,091 | 1,678 | 39% |
May 2021 | 21,603 | 9,088 | 12,515 | 42% |
What after CFA Level 3 results?
Clearing the third level of CFA is essential to becoming a CFA charterholder. However, in addition to clearing the exam, candidates must also obtain the required work experience. The work experience requirements can be obtained before, during, or after participation in the CFA Program. The work experience must be related to the investment decision-making process or producing a work product that informs or adds value to the investment decision making process. The candidate must also provide 2-3 references who can comment on the work experience and professional character of the applicant.
Frequently Asked Questions (FAQs)
1. When can I expect CFA Level 3 results?
The CFA level 3 August 2024 results have been declared on October 17, 2024.
2. How many people clear CFA Level 3?
The historical CFA pass percentage stands at 55%.
3. Where can candidates obtain the CFA level 3 result?
The CFA level 3 result can be accessed through CFA login on the official website - cfainstitute.org.
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