The pass rates for CPA and CFA exams are as follows:
CPA Exam Pass Rates
The overall pass rate for the CPA exam has historically averaged around 50%. Here are the pass rates for the four sections in 2024:
Auditing and Attestation (AUD): Around 45% - 46% .
Financial Accounting and Reporting (FAR): Around 41% .
Regulation (REG): Exceeding 63% .
Business Environment and Concepts (BEC): This section was retired in 2024. In 2023, its pass rate was around 47.44% .
CFA Exam Pass Rates
The overall pass rate for the CFA exam is around 50% across all levels. The pass rates for each level are:
Level I: Approximately 40-50%.
Level II: Around 50-60%.
Level III: About 60-70%.
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