CFA Institute Reports Results for CFA Program Level III Testing in August
Mumbai – CFA Institute, the global association of investment professionals, announces that of the 16,035 candidates worldwide who sat for the Level III CFA® Program exam in August 2023, 47% percent have passed.
Margaret Franklin, CFA, President & CEO, CFA Institute, comments:
“Congratulations to all CFA Program candidates receiving news today of their Level III exam success. I hope you are enjoying that end-of-exams feeling! Building a career in investment means continuing to learn and adapt as we embrace the changes transforming our industry. Completing your CFA exams shows a clear determination to meet these challenges. I encourage you to stay connected to the CFA community as you move forward in your career.”
Successful Level III candidates may now be eligible to convert their exam success to become holders of the CFA charter. To become a charterholder, a candidate must pass all three examination levels, be a regular member of CFA Institute, and meet the work experience requirement.
Arati Porwal, Country Head, India, CFA Institute, comments:
“Congratulations to all those who passed Level III of the CFA Program. This is a testament to your determination to join the global network of future-ready investment management professionals. Passing Level III signals that you have mastered the theory as well as application of the principles of investment management and are ready to solve real-life challenges with your knowledge. For current and potential employers, you are part of a talent pool of professionals who uphold the highest standards of ethics, education and excellence in the industry.”
Candidates for the August Level III CFA Program exams attended in person at one of 456 proctored computer-based examination venues located in 336 cities in 102 markets worldwide. Historical pass rates can be found at the following link: Exam Results and Pass Rates.
New Specialist Pathways for Future Level III Candidates
The CFA Program prepares individuals for a variety of jobs across the global finance industry. Beginning May 2024, candidates registering for their Level III CFA Program exam will be able to select from three specialist pathways: Portfolio Management (the traditional version of CFA Level III), Private Markets, and Private Wealth.
The first specialist pathway CFA Program Level III exams will take place in February 2025. For more about the introduction of specialist pathways for CFA Program Level III candidates from the May 2024 registration period onwards, and the full suite of enhancements to the CFA Program, visit CFA Program Evolution.