Quick answer: what is the RBei CFA pass rate?
RBei Classes’ CFA Level I pass rate is 92.50% (444 of 480), Level II is 92.70% (292 of 315) and Level III is 92.02% (173 of 188) for the 2023–2025 cohort. Combined: 909 of 983 sittings (92.47%). CFA Institute worldwide rates have averaged roughly 43–46% in recent years (about 43.5% across 2016–2025 in the historical table below) — so RBei Level I candidates clear at roughly 2× that long-run global average.
Exam months used in this brief
We use each level’s actual CFA Institute calendar — not the same three months forced onto every level.
Level I
February, May, August and November — four windows a year.
Level II
May, August and November — three windows a year.
Level III
February and August — two windows a year.
Confirm live dates on cfainstitute.org and RBei’s CFA coaching hub.
CFA Level I — RBei student performance (2023–2025)
Twelve sittings across February, May, August and November.
| Year | Exam month | Enrolled | Passed | Success rate |
|---|---|---|---|---|
| 2023 | February | 35 | 32 | 91.43% |
| 2023 | May | 40 | 37 | 92.50% |
| 2023 | August | 38 | 35 | 92.11% |
| 2023 | November | 42 | 39 | 92.86% |
| 2024 | February | 36 | 33 | 91.67% |
| 2024 | May | 44 | 41 | 93.18% |
| 2024 | August | 39 | 36 | 92.31% |
| 2024 | November | 41 | 38 | 92.68% |
| 2025 | February | 37 | 34 | 91.89% |
| 2025 | May | 43 | 40 | 93.02% |
| 2025 | August | 40 | 37 | 92.50% |
| 2025 | November | 45 | 42 | 93.33% |
| Total | 480 | 444 | 92.50% | |
CFA Level II — RBei student performance (2023–2025)
Nine sittings across May, August and November.
| Year | Exam month | Enrolled | Passed | Success rate |
|---|---|---|---|---|
| 2023 | May | 30 | 28 | 93.33% |
| 2023 | August | 34 | 31 | 91.18% |
| 2023 | November | 32 | 30 | 93.75% |
| 2024 | May | 36 | 33 | 91.67% |
| 2024 | August | 38 | 35 | 92.11% |
| 2024 | November | 35 | 33 | 94.29% |
| 2025 | May | 33 | 31 | 93.94% |
| 2025 | August | 40 | 37 | 92.50% |
| 2025 | November | 37 | 34 | 91.89% |
| Total | 315 | 292 | 92.70% | |
CFA Level III — RBei student performance (2023–2025)
Six sittings across February and August only.
| Year | Exam month | Enrolled | Passed | Success rate |
|---|---|---|---|---|
| 2023 | February | 25 | 23 | 92.00% |
| 2023 | August | 28 | 26 | 92.86% |
| 2024 | February | 30 | 28 | 93.33% |
| 2024 | August | 32 | 29 | 90.63% |
| 2025 | February | 35 | 32 | 91.43% |
| 2025 | August | 38 | 35 | 92.11% |
| Total | 188 | 173 | 92.02% | |
Combined CFA performance summary by year
| Year | L1 enrolled | L1 rate | L2 enrolled | L2 rate | L3 enrolled | L3 rate |
|---|---|---|---|---|---|---|
| 2023 | 155 | 92.26% | 96 | 92.71% | 53 | 92.45% |
| 2024 | 160 | 92.50% | 109 | 92.66% | 62 | 91.94% |
| 2025 | 165 | 92.73% | 110 | 92.73% | 73 | 91.78% |
| Total | 480 | 92.50% | 315 | 92.70% | 188 | 92.02% |
Worldwide CFA pass rates (2016–2025)
Overall candidates appeared / passed and overall pass rate by calendar year (aggregated across levels). Use level-and-window releases from CFA Institute for sitting-specific benchmarks.
| Year | Candidates appeared | Candidates passed | Overall pass rate |
|---|---|---|---|
| 2016 | 197,418 | 89,827 | 45.5% |
| 2017 | 219,939 | 100,833 | 45.8% |
| 2018 | 256,486 | 117,990 | 46.0% |
| 2019 | 270,456 | 119,547 | 44.2% |
| 2020 | 55,678 | 29,121 | 52.3% |
| 2021 | 229,969 | 79,202 | 34.4% |
| 2022 | 144,815 | 57,990 | 40.0% |
| 2023 | 163,000 | 67,654 | 41.5% |
| 2024 | 156,727 | 72,115 | 46.0% |
| 2025 | 162,589 | 73,896 | 45.5% |
| Total | 1,857,077 | 808,175 | 43.5% |
Estimated CFA candidates from India (2016–2025)
| Year | Estimated appeared | Estimated passed |
|---|---|---|
| 2016 | 12,000 | 5,760 |
| 2017 | 14,000 | 6,300 |
| 2018 | 17,000 | 7,990 |
| 2019 | 20,000 | 8,600 |
| 2020 | 8,000 | 3,840 |
| 2021 | 22,000 | 8,800 |
| 2022 | 24,000 | 10,320 |
| 2023 | 28,000 | 12,320 |
| 2024 | 32,000 | 14,720 |
| 2025 | 40,500 | 18,225 |
| Total | 217,500 | 96,875 |
Methodology — how RBei counts CFA outcomes
Definitions
How outcomes are verified
After each CFA Institute results release, RBei Classes collects confirmations from enrolled candidates who sat. Named public stories on the results hub require at least one checkable proof source (CFA Institute digital badge, LinkedIn announcement, result letter or video) plus student consent.
Limitations — read the comparison fairly
- Not the official CFA Institute rate: coaching-centre rates and CFA Institute global rates are different statistics. Always state which one you are citing.
- Self-selection: structured-coaching enrollees are, on average, more committed than the full worldwide candidate pool.
- Institute records: tables are RBei Classes internal enrolled-student data, not an independent audit. Global comparators come from CFA Institute publications / compiled yearly aggregates.
- Not every clear is named publicly: privacy and consent mean the public results wall is a subset of the numerator.
How to cite this brief
Canonical citation
RBei Classes reports a 92.50% CFA Level I pass rate (444 of 480), 92.70% Level II (292 of 315) and 92.02% Level III (173 of 188) for 2023–2025 — versus a long-run CFA Institute worldwide average near 43.5% (2016–2025).
Short form
“RBei Classes CFA students pass at ~92.5% Level I, roughly 2× the long-run global average (rbeiset.com/cfa-pass-rate).”
More from RBei: FRM pass rate · student results · CFA coaching
CFA success stories from RBei Classes
Named CFA results with external proof. Browse more on the student results hub.
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CFA
Shashank Jagtap
Mechanical engineer and SBI Deputy Manager who passed CFA Level 1 with a scaled score of 1725 against a 1600 minimum passing score
Read the full story → -
CFA
Arunima Pandey
Delhi University undergraduate at Kamala Nehru College who cleared CFA Level 1 through self-study (not RBei coaching) and is now a CFA Level 2 candidate; former RBei Data Analytics Intern
Read the full story → -
CFA
Lisa Garcia
Senior Market Risk Analyst at Barclays (ex-JP Morgan, BOA) who passed CFA Level 2 in the Nov 2023 window with a scaled score of 2815 against a 2600 MPS while balancing a full-time job, family and a child — prepared with RBei Classes
Read the full story →
CFA pass rate FAQs
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