CFA Level 1 November 2025 exam results are expected on January 13, 2026 . Candidates who took the exam can check their results and download their scorecards at the official CFA Institute website, cfainstitute.org . The CFA Level 1 pass rate for the November 2025 window will be released concurrently with the individual results.
To access results, candidates must log in using their registered login ID and password. The direct link to view scores will be active on the official website once results are published.
About the CFA Program
The Chartered Financial Analyst (CFA) program is a globally recognized professional credential. The CFA Institute administers the program. It aims to provide advanced investment management knowledge. The program consists of three levels: Level I, Level II, and Level III. Each level builds upon the previous one. The CFA charter signifies expertise in investment analysis and ethical practice.
The CFA Level 1 Examination
The CFA Level 1 exam tests fundamental knowledge and comprehension of investment tools. It covers ten topic areas: Ethical and Professional Standards, Quantitative Methods, Economics, Financial Statement Analysis, Corporate Issuers, Equity Investments, Fixed Income, Derivatives, Alternative Investments, and Portfolio Management. Level 1 exams are computer-based and offered multiple times per year globally. Passing Level 1 is the first step toward earning the CFA charter.
Understanding CFA Pass Rates
The CFA Institute publishes pass rates for each exam administration. These rates indicate the percentage of candidates who successfully pass the examination. Pass rates can fluctuate between exam windows. They reflect the rigorous nature of the CFA program exams.
Previous Exam Pass Rates
| Exam Level | Exam Window | Pass Rate |
|---|---|---|
| CFA Level I | November 2024 | 43% |
| CFA Level I | February 2025 | 45% |
| CFA Level I | May 2025 | 45% |
| CFA Level I | August 2025 | 43% |
| CFA Level II | November 2024 | 39% |
| CFA Level II | May 2025 | 54% |
| CFA Level II | August 2025 | 44% |
| CFA Level III | February 2025 | 49% |
| CFA Level III | August 2025 | 50% |
Checking Your CFA Level 1 Results
Candidates can follow these steps to download their Level 1 scorecard:
- Visit the official CFA Institute website: cfainstitute.org .
- Navigate to the ‘Results’ section.
- Enter your CFA Institute login ID and password.
- Your CFA Level 1 result will appear on the screen.
- Download and save your scorecard for future reference.
Next Steps for Candidates
Successful Level 1 candidates become eligible to register for the CFA Level II examination. The CFA Institute publishes registration windows and deadlines for subsequent exam levels. Candidates should monitor these dates on the official website for future planning. The CFA program continues with Level II, which focuses on applying investment tools and concepts, and Level III, which emphasizes portfolio management and wealth planning.