A record number of people just got good news about their CFA exam results

pulse

July 25, 2017 10:50 PM

The results are in for the first and second level of the CFA Exam.

In June, thousands of aspiring finance buffs took the notoriously tough Chartered Financial Analyst exam.

And now the results are in for the first and second level of the test.

The pass rate for level two of the exam was up one percent from last year at 47%. That's the highest pass rate for level two since 2006.

43% of candidates who took level one of the exam passed, according to a tweet by the CFA Institute.

By gross numbers, a record 25,807 candidates passed level one, and a record 23,321 candidates passed level two.

Results for level three will not be announced until August 8.

Level one tends to have the lowest pass rate of the three exams because that's when the amateurs are weeded out from the serious players. Each level tests different material, according to the CFA Institutes website:

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