Archive · 25 Sep 2025
AI Models Pass Finance's Hardest Exam
Imagine super-smart robots that can now pass one of the toughest tests in finance, the CFA Level III exam.
These robots, called AI models, can read and answer complex questions like humans.
A recent study found that several AI models could pass the exam, scoring above 65%.
Some models like o4-mini and Gemini 2.5 Flash performed exceptionally well.
The AI did not receive specific training for the exam.
While AI is getting better, the human touch of empathy and communication is still important.
Experts think AI can automate some finance tasks but won't replace human advisors completely.
AI models can now pass the CFA Level III exam.
Researchers from GoodFin and NYU Stern School of Business conducted the study.
Several AI models scored above the passing threshold of 65%.
The AI models were not specifically trained for the exam.
Human financial analysts believe AI will automate some tasks, but not replace the human element.
- Who
- AI models and researchers
- What
- AI models are now capable of passing the CFA Level III exam
- When
- Recent study
- Where
- N/A
- Why
- Demonstrate rapid progress in AI and its capabilities
- Exam
- CFA Level III
- Passing Score
- 65% or above
- Top AI Scorers
- o4-mini (79.1%), Gemini 2.5 Flash (77.3%)
- Study Authors
- GoodFin and NYU Stern School of Business