CFA (USA) RESULTS DECLARED...

CFA Exam Results Important information for June 2010 CFA candidates:

We will e-mail June 2010 Level I and Level II exam results on Monday, 26 July 2010 to candidates who sat for those exams (a change from prior years, where we posted results online).

Level III exam results will be available in mid-August.

To ensure you receive your exam results, confirm that the e-mail address on file for you is correct (requires login). Get password help

Exam Results Availability

Exam results are reported to candidates as "pass" or "fail" within 90 days (60 days for Level I and Level II) of the exam date.

Individual candidate results are only released to the candidate and are never released to a third party; however, lists of passing candidates are provided to societies for membership purposes.

Print a copy of your results as a permanent record. Results will be available for approximately one year after the exam date. Subsequently, an official letter can be provided indicating only a pass or fail result; the analysis grid will not be available.

View the exam results timeline (PDF)

Exam Scores

The minimum passing score (MPS) for each level of the exam is determined by the CFA Institute Board of Governors each year after the administration of the exams. Neither the MPS nor individual candidate scores have ever been released. To set the MPS before the administration of the exams would require that an absolute standard be applied without regard to the difficulty of the exams; this could potentially be very unfair to candidates, especially across time.

The score matrix provided on the exam results is an indicator of overall performance and cannot be used to determine approximate scores or pass/fail status. The “<=50%” range is considered poor; “51%–70%” is considered poor to average; “>70%” is considered average to above average.

Learn more about the minimum passing score (MPS) and how exams are graded (PDF)

Exam Score Retabulation

If you are not satisfied with your exam results, you may request that your exam score be manually retabulated. During a retabulation, your answer sheets are verified by candidate number and name. Your marked answers are compared to the answer key and your score is compared to your score in the CFA Institute computer database.

Should you choose to request a retabulation, your request form and payment must be received within 30 days after results are released. The cost is US$100.

All exam materials, including answers, are the property of CFA Institute and will not be returned to you in either original or copied form.