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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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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 Cut Off/MPS Official Link | Download |
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:
| CFA Sessions | Exam Dates | Cut Off Dates |
| Feb 2024 | Feb 19 - Feb 25, 2024 | Apr 2024 |
| May 2024 | May 15 - May 21, 2024 | May 2024 |
| Aug 2024 | Aug 20 - Aug 26, 2024 | Oct 2024 |
| Nov 2024 | Nov 13 - Nov 19, 2024 | Jan 2025 |
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 Sessions | Exam Dates | Cut Off Dates |
| May 2024 | May 22 - May 26, 2024 | Jul 2024 |
| Aug 2024 | Aug 27 - Aug 31, 2024 | Oct 2024 |
| Nov 2024 | Nov 20 - Nov 24, 2024 | Jan 2025 |
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:
| CFA Level Sessions | Exam Dates | Cut Off Dates |
| Feb 2024 | Feb 15 - Feb 18, 2024 | Apr 2024 |
| Aug 2024 | Aug 16 - Aug 19, 2024 | Sep 2024 |
Must Read: CFA vs MBA: Which Is Better?
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:
| CFA Levels | Estimated Cut Off |
| CFA Level 1 | |
| Aug 2024 | 67% |
| May 2024 | 69% |
| Feb 2024 | 69% |
| CFA Level 2 | |
| Aug 2024 | 69% |
| May 2024 | 70% |
| Nov 2022 | 62% |
| CFA Level 3 | |
| Aug 2024 | 63% |
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:
| CFA Levels | Exam Pass Rate |
| CFA Level 1 | |
| Feb 2024 | 38% |
| May 2024 | 39% |
| Aug 2024 | 37% |
| CFA Level 2 | |
| May 2024 | 52% |
| Aug 2024 | 44% |
| CFA Level 3 | |
| Feb 2024 | 48% |
| Aug 2024 | 47% |
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.
FAQs on CFA Cut Off
Q: What is CFA cut off 2024?
A: The CFA cut off is known as Minimum Passing Scores (MPS). The MPS are not exact numbers but a distinction for students to check if they have failed or passed the exam.
Q: How can students access the CFA cut off 2024?
A: Students are required to log in to the CFAI official website to access the cutoff of CFA. Candidates can also log in to the portal with the link provided on the page below. Students must remember their email ID and password to access the final cut off.
Q: What are the cut off of CFA 2024 for Level 1?
A: The estimated CFA cut off for 2024 Level 1 exam is 67% for Aug session, and 69% for Feb and May session.
Q: What are the determinants for CFA 2024 cut off?
A: The cutoff is determined using four steps: CFA charter holders evaluate individual questions → assess individual candidates' performance → Psychometricians evaluate the validity and reliability of the process → CFAI Board of Governors combines all information to estimate the final MPS.
Q: What is the minimum cutoff for the CFA level I exam?
A: The minimum cutoff for the CFA level I exam is 67%. The minimum cutoff mark for the CFA level II exam is 69% whereas the cutoff mark for the CFA level III exam is 63%.
Q: What is the average salary of CFA professionals?
A: Candidates who have successfully cleared the CFA exam can be hired by reputed firms. The starting average salary for CFA qualifiers ranges from 9 LPA to 25 LPA.
Q: What is the duration of the CFA course?
A: The duration of the CFA course is 2 years. In India, there are 52 CFA institutes, and candidates can complete their CFA within 2 years. However, for the CPF course, it will take 1 year to be completed.
Q: Which exam is tougher, CFA or CA?
A: CA is considered one of the toughest exams compared to CFA. According to candidates' reviews, CA has only a 0.5% pass percentage whereas CFA has a 10% pass percentage. Candidates with good preparation can easily crack both the CFA and CA exams.
Q: Which topic of the CFA level I exam covers the highest weightage?
A: Various topics are covered in the CFA level I exam and each portion has a different weightage. Topics such as Ethics and Professional Standards, Financial Reporting and Analysis, Equity Investments, Quantitative Methods, Economics, Corporate Finance and Fixed Income cover the highest weightage.
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