CFA® Result 2020 – CFA® Institute declares level 1 exam result on cfainstitute.org. Candidates will be intimidated about the result. To check the detailed result candidates have to use registered email id and password. The result is also e-mailed to the candidates at their registered email id. Level 1 qualifying candidates have to then register for the level 2 programme. For more details like how to check the result, what to do after the result, how is the score calculated, etc. read below.
CFA® Result 2020
Each candidate who appear in this Program exam is provided with a “pass” or “did not pass” exam result as well as detailed information on their performance. Candidates can check dates for result for June and December from the table below:
|Events||Level 1 Jun||Level 1 Dec|
|Level 1 exam in Americas, EMEA, and Asia Pacific||06 Dec 2020|
|Religious alternate exam date of level 1||08 Dec 2019|
|Result declaration||To be notified||To be notified|
|Mailing of result||To be notified||To be notified|
CFA February 2021 Level 1 Dates
|CFA® Level Exam 2020||Feb 2021 dates|
|CFA exam date for Asia Pacific (Level I only)||23 Feb – 01 Mar 2021|
|Result declaration||To be notified|
CFA June 2021 Level II and Level II Dates
|CFA® Level Exam 2020||Jun 2021|
|Exam Date||05 Jun 2021|
|Result declaration||To be notified|
Check here: Candidates can check their result from the official website, cfainstitute.org.
How is the Result Compiled?
The result is compiled based on the marking scheme of the exam of the respective exam level. The answers marked in the exam are machine scanned and scores are calculated.
Scoring for MCQ type answers: For the multiple-choice, your score is determined solely by how your marks are read by the scanning equipment. Marking of answers done by any other writing material other than the No. 2 or HB pencil may not be read by the scanning equipment.
Scoring of Essay type questions: This portion is manually checked and scored.
The score of the candidates are then intimated to the candidates via the following methods:
- Result is emailed to the candidates, and
- Candidates can login into their account and check their scores in the exam.
💡 Understand Your Result – Read details! 💡
How to Check Result Online?
Students can follow the steps mentioned below to check their result.
Step 1: Click on the direct link available on this page above.
Step 2: You reach the login window. Here enter your email id and password as shown in the image below:
Step 3: Inside the login, on your dashboard, you can check the option to check the result for the respective level of exam you have appeared for. Click on the link to access the result.
Types of CFA® Result
The average waiting time for Level 1 and Level 2 result is 60 days, while for the level 3 examination the waiting time is 90 days.
Level 1 exam result: This exam is held every year twice, in the month of June and December and the result of the June exam is announced in August of the same year. On the other hand, the result of the December exam is announced in the month of January of the next year.
This level tests the basic knowledge, comprehensive questions focus on investment tools and analysis of the candidates.
Level 2 exam: The candidates who qualify as per the level 2 result move to level 3. The level 2 exam is held once a month in June. It tests the candidate for knowledge in asset valuation, application, and analysis.
Level 3 exam: This is the final level. Candidates who qualify at this level can apply for membership in CFA® institutes. In this level the candidates are judged on how well they are prepared to face professions such as relationship manager, corporate financial analyst, financial overseer, financial adviser, portfolio manager, risk manager, consultant, chief level executive, research analyst.
*After qualifying each level candidates have to register for the next level.
Minimum passing Score (MPS) / Cutoff Marks
Authorities have set a minimum passing score for each level – 1, 2 and 3. The candidates who get more than or equal to this score are declared qualified for the next step. However, the MPS is not revealed by the body. MPS is not set topic wise, it is always overall.
After Qualifying All 3 Levels
Qualifying all 3 levels is not enough to join the CFA® Institute. The below-given criteria are to be also fulfilled:
A) Achieve Qualified Work Experience
This can be done before, during, or after participation in this Program.
B) Submitting reference letters
In support of your membership application, you have to provide 2-3 professional references. These references shall be contacted as and when needed.
C) Apply to Become a Charterholder
Now to become a charterholder, you need to apply to become a member of the institute. Once your application is approved and you have joined Institute, you earn the CFA Charter.
You can check below the passing rate of exam at various levels from below:
Dec 2019 pass rate:
Level I: 42%
June 2019 exam pass rate:
|Exam Level||Pass Rate|
Click here to know the pass rate of exam from 1963 to 2018.
What Does a CFA® Charterholder Do – Jobs and Practice?
If you qualify for Charterholder and become a member then you can join one of the top 5 roles as given below:
|Job Title||Practice Types|
|Research Analyst||Fixed Income|
|Chief Level Executive||Private Equity|
|Risk Manager||Real Estate|
This programme has 3 levels – Level I, II and III. The level I examination takes place twice a year. The candidates who qualify level I move to level II and level II qualified candidates move for final level III. The exam is held in english only. This examination is taken up by professionals in the field of Finance.
“CFA Institute does not endorse, promote or warrant the accuracy or quality of this article. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute”.
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