CFA Level 3 Results Aug 2024 - Pass CFA exams, Download Scorecard

The Chartered Financial Analyst Institute (CFA Institute) will declare the CFA level 3 August 2024 result tentatively in September 2024. Candidates would be able to access the result on the institute's official website through their login. The CFA institute will also inform the candidates about the CFA level 3 result on their registered email id. The direct link to check the result will be provided below upon release of the CFA level 3 result August 2024. Along with the CFA result, the institute will also declare the CFA level 3 pass percentage for the August 2024 session. 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 is scheduled to conduct CFA level 3 August 2024 from August 16-19, 2024 in online mode

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This Story also Contains

1. CFA Level 3 Result 2024 - Important Dates
2. Steps to Download CFA Level 3 Result 2024
3. CFA Level 3 Historical Pass Rate
4. What after CFA Level 3 results?

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

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.

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.