Archive · 16 Jan 2026
CFA Level 2 November 2025 Results Released
The CFA Institute has announced the results for the November 2025 Level 2 exam.
Only 42% of candidates passed, which is lower than the previous exams in May (54%) and August (45%).
First-time test takers did better, with a 50% pass rate, while those who delayed their exam had a lower pass rate of 27%.
Candidates can check their results on the official website by logging in with their registered email.
The CFA program has three levels, and passing Level 2 is important to move on to Level 3.
Candidates are advised to keep a copy of their results for their records.
The CFA Institute released the results for the November 2025 Level 2 exam, with a pass rate of 42%.
This pass rate is lower than the May 2025 (54%) and August 2025 (45%) exams.
First-time test takers had a higher pass rate (50%) compared to those who delayed their exam (27%).
Candidates can access their results on cfainstitute.org using their registered email.
The CFA program consists of three levels, and passing Level 2 is crucial for advancing to Level 3.
- Who
- CFA Institute and candidates of the CFA Level 2 November 2025 exam
- What
- Release of CFA Level 2 November 2025 exam results
- When
- Results released after the exam period ending November 18, 2025
- Where
- Results available on cfainstitute.org
- Why
- To inform candidates of their pass/fail status and provide statistics on pass rates
- Exam Dates
- November 12-18, 2025
- Pass Percentage
- 42%
- First-Time Pass Rate
- 50%
- Repeater Pass Rate
- 27%
- Official Website
- cfainstitute.org
- Exam Levels
- 1, 2, 3
- May 2025 Pass Rate
- 54%
- August 2025 Pass Rate
- 45%