CFA Cut Off 2024: Level-wise Qualifying Marks, Pass Percentage

Rajalakshmi BK

Updated on - Apr 4, 2024

CFA Cut Off 2024 will be declared after the exams on the Chartered Financial Analyst (CFA) Institute website at cfainstitute.org. The cut-off is known as the Minimum Passing Score (MPS) by the CFAI. Candidates must score above the Minimum Passing Score (MPS) to qualify for the next level of CFA 2024 exam.  

The CFA 2024 cut off or MPS will be declared for all the levels such as Level I, Level II, and Level III. However, the MPS is not an exact number. It is a relative scale that CFAI uses to denote the students’ scores. Students must use their email ID and password to view the minimum cut off of CFA 2024.

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Table of Content

• CFA Cut Off 2024
• CFA 2024 Cut Off Dates
• CFA Cut Off 2024: Minimum Passing Scores
• How to Check CFA Cut Off 2024?
• How Are CFA Cut Offs 2024 Determined?
• CFA Pass Percentage 2024
• What After Qualifying CFA Exams 2024?

CFA Cut Off 2024

The CFA MPS is the minimum mark a candidate must score to proceed to the next level. The CFA cut off 2024 is not available publicly. It is because the CFA Institute believes in reviewing student’s competency over singular superiority. 

The CFA cut off for Level 1, 2, and 3 exams varies every year. However, a general idea of how the CFA institute computes its MPS is provided below. Below, students can use the information to set realistic targets while preparing for the exam. 

Here is the official link to access the CFA cut off 2024:

CFA 2024 Cut Off Dates

Tabulated below are the CFA cutoff dates for different levels. Students may proceed to the next level once they pass the MPS for the previous level. In case students do not meet the CFA MPS score, they may retake the exam at a later time.

CFA Cutoff 2024 Dates - Level 1

The CFA cut off for Level 1 exams is typically released 5-7 weeks after the exam is conducted. Students must complete the practical skill module, which is an integral part of the course. 

Below, students can find important dates for the CFA exam 2024 for Level 1:

Also Read: How Hard Is the CFA Exam?

CFA Cutoff 2024 Dates - Level 2

The cutoff of the CFA level 2 exam is released within 5-7 weeks of the exam. Candidates are required to finish off the practical skill module for Level 2 as a qualifying component. Tabulated below are the crucial CFA exam Level 2 dates:

CFA Cutoff 2024 Dates - Level 3

For CFA Level 3, the cut is released within 6-8 weeks. The computing of the scores takes relatively longer than for the initial levels. The exam contains vignette-supported essays and multiple-choice questions. 

Students can review the dates for CFA Level 3 cut off release:

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Q1. How long must students wait for the CFA cut off 2024 after the exam?

Ans. Students should only have to wait 5-8 weeks to get the CFA MPS 2024 scores.

CFA Cut Off 2024: Minimum Passing Scores

The CFA Institute does not release any definite numbers as the Minimum Passing Scores. It only declares how close the candidate’s performance is to the MPS in the CFA exams. The estimated cut off of CFA has been calculated from various student result PDFs. 

The CFA 2024 cut off is based on extreme cases:

• Candidates who passed regardless of bad topic areas.
• Students who failed the CFA exam even when they had decent scores in topics.

A general estimation of the CFA previous year cut off and current cut off is provided:

This data proves that students who score around 70% mark can safely qualify for the next level.

Also Read: CFA Vs CA - Which is Better?

How to Check CFA Cut Off 2024?

The final cutoff of the exam is released with the CFA result 2024 on the official website. The CFAI does not release proper scores but only provides an estimation of the student’s marks using a scale. 

Below, students can find the steps to check the MPS or cut off of the CFA exam:

• Step 1: Students must visit the official CFAI website.
• Step 2: The page has many tabs. Students must click on “Exam Program”.
• Step 3: Applicant must scroll down and click on “Exam Scoring”.
• Step 4: Student must click on the button “Access Your Results”.
• Step 5: After clicking on the link, a new window will appear. Students must fill in their details to access their accounts.
• Step 6: Once they click “Sign In”, a new window will appear with the results displayed. Students can download the PDF to assess their scores.

How Are CFA Cut Offs 2024 Determined?

Earlier, CFAI used a different and outdated method to calculate the MPS and student’s scores. Now, the CFAI has upgraded the manner in which they compute the CFA cut off 2024. CFAI has devised a custom strategy to determine the CFA MPS:

• A diverse group of CFA experts evaluate the exam items or questions individually. It is done to determine the exam difficulty.
• Once done, the CFA charter holders focus on individual candidates and evaluate their scores.
• Psychometricians evaluate the entire process for validity. The result of both the exercises aids in setting the MPS or the CFA cut off 2024.
• The Board of Governors for CFAI accumulates all the information together. The evaluation for both exercises is combined, and the final MPS is set. The CFA MPS scores set a consistent level of skill and competency for different years.

Q. What score do you need to pass the CFA Level 1?

Ans. Students are required to pass with the Minimum Passing Scores set by CFA authorities. These change annually, so students may not find the exact cut-off scores. However, CFA cut off trends indicate a minimum score of 70% to qualify the exam.

CFA Pass Percentage 2024

For reference, the CFA Pass Percentage 2024 is tabulated for different levels. Students can use these details to understand the difficulty of the exam. It can also boost the candidate’s understanding of the exam requirements:

Read more: CFA Jobs, Scope, Salary in India

Q. Will students get a comprehensive evaluation of the CFA results?

Ans. No, students will not get any comprehensive assessment of their CFA exam performance. Candidates only receive a pass or fail result as their final scores.

What After Qualifying CFA Exam 2024?

Once students pass the CFA exam levels, they can apply for various job opportunities. A Chartered Financial Analyst can opt for job roles such as financial consultant, business operations analyst, investment banker, wealth manager, CFO, etc. For most CFA professionals, an average salary ranges from Rs. 9,00,000 to Rs. 25,00,000.