CFA Level 1 August Results 2024: Dates, Pass Rates & How to Check Your Score

Congratulations!

If you took the CFA August 2024 exam, the moment you’ve been waiting for has finally arrived—the results were released on October 8, 2024. 

For many of you, this day represents more than just a score; it’s a defining moment in your journey toward becoming a Chartered Financial Analyst (CFA®). Months of studying, sacrifices, and sleepless nights have all led up to this point, and now, you’re eager to know the outcome. 

Did your efforts pay off? 

What do the CFA results mean for your next steps? 

And how do the CFA pass rates reflect the difficulty of the CFA exam?

We understand the anticipation—it’s overwhelming, and rightfully so. The CFA Level 1 exam is the gateway to the CFA Program, and passing it could be your first significant step toward unlocking a globally recognized career in finance. But whether you’ve already logged into your CFA Institute account to check your score or are still anxiously awaiting that results email, there’s more to consider than just the numbers and percentages.

The journey to becoming a CFA charterholder is far from simple. Each level presents its own set of challenges, and Level 1 is only the beginning. It covers essential topics like financial reporting, quantitative methods, economics, and ethics—all fundamental building blocks for a successful career in finance. But, as demanding as it may be, the real challenge lies in what comes next: Level 2 and Level 3, which introduce more advanced and nuanced material, requiring deeper analytical skills and an even stronger commitment.

At AnalystPrep, we don’t just focus on helping you pass exams—we walk with you through the entire process. Step. By. Step.

We understand the highs and lows that come with preparing for one of the toughest professional qualifications in the world. Whether you’ve checked your CFA Institute exam results and are ready to tackle CFA Level 2, or the outcome wasn’t what you hoped for, don’t lose heart. Many candidates find success on their second or third attempts, and these setbacks often serve as learning experiences that pave the way for long-term success.

But let’s not get ahead of ourselves just yet. Whether you’re celebrating or recalibrating, there’s a lot to digest when it comes to the CFA August 2024 results.

👉 What are the CFA pass rates this year? 

 👉How do they compare to previous exams? 

👉 What should your next steps be, depending on your performance? 

In this comprehensive guide, we’ll answer all these questions and more, giving you a clear roadmap for navigating your CFA journey after receiving your results.

Beyond that, we’ll explore why the pass rate of CFA exams doesn’t tell the full story of what it takes to succeed. And, of course, we’ll highlight how AnalystPrep can be your go-to resource for navigating these exams—whether you’re progressing to the next level or preparing for a retake. Remember, success in the CFA Program isn’t just about passing exams—it’s about developing the expertise that will shape you into a top-tier finance professional.

So, let’s explore everything you need to know about the CFA August 2024 results—from understanding the CFA exam results dates to analyzing the CFA pass rate and learning how to best position yourself for the future.

When Were the CFA Level 1 August Results Released?

Let’s get straight to the heart of the matter—October 8, 2024, marked the release of the much-anticipated CFA Level 1 August results. If you sat for the CFA August 2024 exam, you likely had this date circled on your calendar for months. But beyond the date itself, the release of your CFA results represents the culmination of all your hard work and countless hours of preparation. The road to this moment has been filled with challenges, sacrifices, and possibly more than a few sleepless nights. So, it’s completely natural to feel the weight of this day, knowing that your journey in the CFA Program hinges on these results.

But the waiting game isn’t just for Level 1 candidates. For those who took the CFA Level II exam, the news came shortly after. Just two days later—on October 10, 2024—the CFA Level II pass rate and results were released, providing clarity to thousands of candidates who had been working just as hard to advance to the next stage of the CFA exam process.

And now, for those preparing for the CFA Level III August results 2024, there’s more anticipation ahead. These results are set to be released on October 17, 2024, adding another layer of excitement for candidates awaiting their fate.

So, what do you do now that your CFA exam results dates have come and gone? Whether your CFA results brought celebration or disappointment, the real question now is: what’s next? Did the months of studying pay off? If the results didn’t turn out as expected, how do you pivot and plan for the future? At AnalystPrep, we’re here to help you make sense of this crucial moment and guide you on the next steps, no matter where you stand today.
For further reading and insights, consider exploring these related articles:

• November 2024 CFA Level I Exam
• CFA Level I in 2025
• Topics in the 2025 CFA Level 1 Exam
• The 2025 CFA Exam Rules for Refunds, Deferrals, and Exam Day

How to Check CFA Level 1 August Exam Results 2024

If you’re anxiously awaiting your CFA Level 1 August Results, the good news is that accessing your CFA exam results is straightforward. Here’s a step-by-step guide to ensure you find your results quickly and efficiently:

1. Log into Your CFA Institute Account: Start by visiting the official CFA Institute website. From there, log into your candidate account using your credentials. This will take you to your personalized dashboard, where all your exam-related information is stored.
2. Navigate to the “My CFA” Section: Once logged in, locate the “My CFA” section. This is where you’ll find a dedicated link to your CFA exam results. Clicking this will bring up your results page.
3. Check Your Email: In addition to viewing your results online, the CFA Institute will send you an email notification with your results. Make sure to check your inbox on CFA exam results dates (October 8, 2024, for CFA Level 1 August Results), and be sure to monitor your spam folder in case the email gets filtered.

When you receive your CFA results, take a deep breath before diving into the details. Beyond the simple “pass” or “fail” status, your results offer a breakdown of your performance across the ten core topics covered in the CFA exam. This granular insight is critical. Did you perform exceptionally well in Ethics but struggle in Quantitative Methods? The feedback will highlight where you excelled and where there’s room for improvement.

If you’ve passed, congratulations! But remember, passing Level 1 is just the beginning. The CFA pass rate for each level tends to reflect the increasing difficulty of the exams, and with Level 2 ahead, it’s time to begin your next phase of preparation. 

If you didn’t pass, don’t be discouraged. The pass rate of CFA exams shows that many candidates need more than one attempt, and with the detailed performance breakdown provided, you can focus your study efforts where it’s needed most.

No matter the outcome, reviewing your results closely will set you up for success on your continued journey toward the CFA designation.

CFA Level 1 Pass Rates: August 2024

Let’s talk about one of the most eagerly anticipated numbers after any CFA exam—the CFA pass rate. For the CFA Level 1 August 2024 exam, the pass rate was approximately 38%. If this feels low to you, you’re not alone. Historically, the CFA Level 1 pass rate has always been challenging, often ranging between 36% and 42%. The August 2024 results were no exception, as shown in the Bar Chart below, which illustrates the historical pass rates from 2020 to 2024.

The CFA pass rate for Level 1 has been a hot topic among candidates and analysts alike because it is seen as a reflection of the exam’s difficulty and the preparedness of the candidate pool.

For instance, in the CFA August 2023 exam, the pass rate was 39%, almost identical to the 38% for 2024. Going back a little further, the pass rate in May 2022 was also around 38%. These consistent numbers highlight one key insight: the CFA Level 1 exam remains a rigorous test of fundamental financial knowledge, regardless of when you take it.

The Pie Chart below provides a visual breakdown of the August 2024 exam results, showing the proportion of candidates who passed versus those who did not.

For future candidates, this 38% pass rate serves as a reminder of just how selective and challenging the CFA program can be. The CFA Level 1 exam tests candidates on a broad range of topics, from ethics to financial analysis, making it a true test of one’s comprehensive understanding of finance. This low pass rate reflects the complexity and breadth of material that candidates must master, as illustrated in the Line Graph that shows the pass rate trends from 2020 to 2024.

It also suggests that many first-time candidates may underestimate the exam’s demands or struggle with adapting to the CFA’s format and depth.

But don’t let the numbers discourage you. 

The relatively low pass rate of CFA Level 1 serves as a motivator for candidates to fine-tune their preparation strategy. Passing Level 1 is not just about covering the material but mastering it. This is where understanding how the exam works—and using the right study tools—can make all the difference.

For those who passed, this 38% figure means you’ve successfully navigated one of the toughest hurdles in the CFA journey. You’re now in a prime position to tackle the next level, where the pass rate tends to be slightly higher. Historically, the CFA Level II pass rate hovers around 43%, reflecting the deeper but more specialized knowledge required at that stage.

For those who didn’t pass, this is an opportunity to reassess and re-strategize. The exam is designed to be challenging, and it’s not unusual to retake Level 1, especially given its notoriously low pass rate. The key is to learn from your results and seek out resources, like those offered by AnalystPrep, to bridge any gaps in your knowledge. Mock exams, personalized study plans, and a focus on weak areas can significantly improve your chances when you retake the exam.

In summary, while the CFA Level 1 August 2024 pass rate of 38% may seem daunting, it underscores the importance of thorough preparation and strategic studying. The CFA exam is meant to challenge and filter out those who are truly prepared to move forward. So whether you passed or are planning to retake it, use the insights from your results—and the help of comprehensive study tools—to maximize your chances for success.

How Do CFA Level 1 Pass Rates Compare to Levels 2 and 3?

Now, let’s delve into how the CFA Level 1 pass rate compares to those of CFA Level 2 and CFA Level 3. As previously noted, the CFA Level 1 pass rate for August 2024 was approximately 38%. In contrast, the CFA Level II pass rate tends to hover around 43%, while the CFA Level 3 pass rate generally ranges from 50% to 55%.

But what accounts for these differences in pass rates?

One significant factor is experience. By the time candidates progress to CFA Level 2 and CFA Level 3, they have typically refined their study habits and strategies. They’ve been through the rigorous challenges of Level 1 and learned how to navigate the vast amount of material covered. This accumulation of knowledge and experience often results in higher pass rates for subsequent levels.

However, it’s crucial to emphasize that higher pass rates at these levels do not necessarily indicate that they are easier. Each level presents its own set of unique challenges. For instance, CFA Level 2 dives deeper into financial concepts and introduces more complex analysis, while CFA Level 3 requires candidates to not only understand the material but also apply it effectively in real-world scenarios. This application-focused nature of Level 3 often complicates preparation, even if the pass rate is higher.

So, how can candidates prepare effectively for each level? 

A solid study plan is essential, no matter the level you are tackling. For those facing CFA Level 1, a comprehensive understanding of the fundamental concepts is key, as it lays the groundwork for what is to come. Engaging in extensive practice through mock exams and topic-specific reviews can significantly enhance your chances of success.

As you advance to CFA Level 2 and CFA Level 3, your study approach should evolve. This means focusing on integrating knowledge across various topics and practicing exam-style questions to develop the analytical skills needed to tackle complex problems. Utilizing resources like those offered by AnalystPrep can provide valuable insights and structured preparation paths tailored to each level.

In summary, while the CFA Level 1 pass rate may be lower than that of Levels 2 and 3, it serves as an important stepping stone in your CFA journey. Each level has its own challenges, and understanding the reasons behind the varying pass rates can help you develop a more effective preparation strategy tailored to your current stage in the CFA program. With the right tools and mindset, you can tackle any level with confidence.

What Happens After You Receive Your CFA Results?

So, you’ve checked your results—what now? Regardless of whether you passed or need to retake the exam, it’s crucial to plan your next steps effectively.

• If You Passed: First off, congratulations! Passing CFA Level 1 signifies that you are now eligible to register for CFA Level 2. This is a significant milestone that requires even more dedication than Level 1. As you prepare for this next phase, think about how you will balance work, study, and personal commitments. A well-structured study strategy is key. Consider what study materials and resources you will utilize to ensure you’re fully prepared. AnalystPrep offers customized study packages specifically designed for CFA Level 2 so you can hit the ground running and maximize your chances of success.
• If You Didn’t Pass: Don’t be discouraged; you’re not alone. The CFA exam is notoriously difficult, and many candidates require multiple attempts to clear each level. If you didn’t pass, view this as a valuable learning opportunity. Carefully review your performance breakdown to identify weak areas that need improvement. This insight will help you develop a targeted study plan for your next attempt. Utilizing the right resources, such as those offered by AnalystPrep, can enhance your preparation and give you the confidence to tackle the exam again.

Regardless of your result, it’s essential to remain focused and motivated. If you’re advancing to CFA Level 2, be mindful of key registration dates and deadlines to ensure a smooth transition. For those retaking CFA Level 1, be aware of the registration process for the next exam window. Maintaining your momentum is crucial; the journey ahead will be challenging but incredibly rewarding.

Remember, your commitment and perseverance in this journey will ultimately pay off as you move closer to achieving your CFA designation.

Frequently Asked Questions about CFA August Results

Let’s address some of the most common questions candidates have about the CFA August 2024 results:

• How many people passed the CFA Level 1 exam in August?
  Approximately 38% of candidates passed the CFA Level 1 August exam. This pass rate aligns with historical trends, reflecting the exam’s rigorous nature and the challenges many candidates face.
• When were the CFA Level 1 August results released?
  The CFA Level 1 August results were released on October 8, 2024. Candidates can check their results by logging into their candidate accounts on the CFA Institute’s official website.
• Will I receive my CFA exam results if I pass Level 3?
  Yes! If you pass Level 3, you will receive your exam results just like you did for Levels 1 and 2. The CFA Institute will send you an email notification with your Level 3 results, allowing you to know where you stand in your CFA journey.
• Does the CFA Institute release MPS scores?
  No, the CFA Institute does not disclose the minimum passing score (MPS). However, they provide a detailed performance breakdown across various sections, giving candidates valuable insights into their strengths and areas for improvement.

These FAQs should help clarify some of the key concerns candidates have regarding their exam results. If you have additional questions, don’t hesitate to reach out to the CFA Institute or your fellow candidates for support.

Key Takeaways for Future CFA Candidates

In summary, understanding the CFA Level 1 August results is crucial for all candidates. With a pass rate of approximately 38%, it’s evident that this exam presents significant challenges. However, this statistic is not just a number; it reflects the rigorous standards of the CFA program and highlights the need for thorough preparation. Whether you passed or need to retake the exam, remember that insights from your performance breakdown can be invaluable in shaping your study strategy for future levels.

Stay proactive about your CFA journey. Regularly check your exam results and start your preparations early for the next level. The sooner you begin, the more time you’ll have to address any weak areas and enhance your knowledge.

If you’re looking for resources to bolster your study efforts, AnalystPrep offers a variety of study materials and mock exams designed to help you succeed. Don’t hesitate to explore our offerings and equip yourself with the tools you need to excel in the CFA program. Your journey doesn’t end here; it’s just the beginning of a rewarding career in finance!