What is the CFA Institute's pass rate for the exam?

<p>The pass rates for CFA exams can vary from year to year and level to level. The CFA Institute typically releases pass rates for each exam level after the results are announced.&nbsp;</p><ol><li><p><strong>Level I</strong>: Pass rates for Level I exams have historically been around 40% to 45%. This means that, on average, 40-45% of candidates pass the Level I exam.</p></li><li><p><strong>Level II</strong>: Pass rates for Level II exams have historically been lower than Level I, averaging around 40% to 45% as well.</p></li><li><p><strong>Level III</strong>: Pass rates for Level III exams have tended to be slightly higher, with historical pass rates ranging from 50% to 60%.</p></li></ol><p>It's important to note that these pass rates are approximate and can vary from year to year. The CFA Institute does not target a specific pass rate but aims to maintain a rigorous and standardized examination process to ensure that candidates who pass the exams have demonstrated a high level of competence in the subject matter.</p>

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