CFA Exam Results and Pass Rates

You will receive a result of "pass" or "fail" along with information on your topic-level performance. Candidates who pass Level III will not receive detailed results.)

Candidates can use the CFA Institute exam performance guide to help them interpret their result reports. 

CFA Institute will notify you when your official exam results are available. After candidates receive their CFA exam results, they may register for the next exam. 

CFA encourages candidates who do not pass to use the exam result information to guide their studies and to re-take the exam at a later date. 

Candidates can take as much time as they need before registering for the next exam.

CFA Exam Results Date

The results for the CFA Level I and II exams are available within 60 days of the exam date and within 90 days for the CFA Level III exam.

Individual candidate results are released only to the candidate and are never released to a third party; however, lists of passing candidates are provided to societies for membership purposes.

Detailed exam scores and responses to exam questions are measurement information and part of a candidate's test record, both of which are owned solely by CFA Institute. This information is not given to candidates.

CFA Exam Results

Exam results are expected to be available approximately 8-10 weeks after the close of an exam window for Level I/Level II, and approximately 10 weeks for Level III. 

After all testing is completed and the exam window closes, CFA Institute begins conducting a thorough analysis of exam questions/candidate performance to identify the minimum passing score (MPS) that represents basic competence in the subject matter. 

For Level III grading, hundreds of CFA charterholders will participate in an essay grading event. The Board of Governors will then convene to approve the MPS. Rigorous quality control processes and data quality review steps are completed to ensure results are presented accurately to all tested candidates. 

Candidates will receive periodic messages to keep them updated on the progress of exam results, and additional information will be published to this page as it becomes available.

CFA Exam Minimum Passing Score

After each exam administration, the CFA Institute Board of Governors sets the minimum passing score (MPS) for each level. 

The purpose for this approach is to ensure fairness to candidates across administrations as the difficulty of each test is taken into account when setting the MPS. CFA Institute does not release the MPS or individual candidate scores.

*Exam results are available for approximately one year after the test date. After this date, candidates may prove their status with CFA Program by generating and downloading a verification letter from the Verification Letter section in their Account Profile. 

The verification letter will confirm a “pass” or “fail” exam result, but the topic area performance summary will not be available.

CFA Exam Pass Rates

Below are the CFA Program Level I–III exam pass rates for each of the most recent exams administered. 

CFA Level I Exam Pass Rate

August 2021 CFA Level I exam pass rate: 26%

CFA Level II Exam Pass Rate

August 2021 CFA Level II exam pass rate: 29%

CFA Level III Exam Pass Rate

August 2021 CFA Level III exam pass rate: 39%

Source: CFA Website 

Flexible Open and Distance Education 2024 FODE Application Info

The PNG government and Education Department realised that there is a need to focus on Flexible, Open and Distance Education. This realisation comes at the back of unprecedented growth in the number of students leaving school are Grades 8, 10 and 12 as a result of the Free Education Policy. 

If you are a student wanting to upgrade your marks or continue your education with FODE, you'll find this article useful. We have compiled the information from the FODE website and the latest articles to give you the best head-start. 

(Want to work as a Data Collector in the 2024 National Census nationwide? Here is how to apply)

What is Flexible, Open and Distance Education

The National Education Department recognises that distance education is an important means to deliver education. 

Flexible, Open and Distance Education (FODE) is mandated to offer a distance learning pathway as an integral part of the National Education System.

FODE is a School at home, where students study the same primary and secondary education curriculum in their own time, in their own homes, and at their own pace.

FODE is ideally:

• the alternative choice for students who decide to study at home, in an open and flexible environment.
• for continuing education for students who for various reasons cannot continue their education in the mainstream school system.
• the second chance education for the upgrading of grades/results of their grades 10 and 12 certificates

Why the emphasis on flexible, open and distance education

The number of students dropping out of primary and secondary schools is alarming (link here). The PNG govt through the Education Ministry and the National Education Department have seen that the best way to address the problem is through FODE.

Here is what the new Education Minister said about the FODE enrolment…

‘A team from the Education Department is working on a plan to have all school leavers absorbed into the [FODE] system….this is so we can reduce the number of student dropouts doing nothing out there.’ Jimmy Uguro, MP

 

Who is eligible for FODE

FODE students can be school leavers, disabled people, employed or unemployed, teenagers or adult, single or married. Anyone who wishes to improve his/her education can study at FODE.

Students studying at FODE are classified as either Full Correspondence (FC) students or Upgrader Students (US).

• FC – FODE students who are studying ALL the courses from Grades 7 – 12

• ·US – students who are upgrading marks for certain courses at FODE

FODE Application form 2024

The FODE study centres open in February of every year. If you are trying to get the FODE application form for 2024, check out your nearest study centre. The FODE staff are always helpful, they’ll help you out.

It is perhaps important to note that you visit your FODE centre to get the latest information. The support staff and professional staff will be happy to answer any questions you may have in regard to the:

• FODE application forms,
• enrolment info for FC and US,0
• starting dates,
• entry test and
• fees.

For those in Port Moresby and Central Province, visit the FODE centre near the Australian High Commission, Waigani.  

How to enrol at FODE

FODE enrolment points include the 22 Provincial Centres, located in the main towns. The FODE Provincial Centre or FODE Study Centre nearest to you administers the entry test, PET. The entry test measures the English and Mathematical ability level of new students who wish to continue their education FODE. If you are in Lae, check out DODL- Unitech, or in Port Moresby, UPNG Open Campus.

Here is how to enrol at a FODE:

• Discuss your intention to study with FODE Support Staff at the provincial FODE centres (recommended).
• All the students enrolling for the first time with FODE must do the Pre-Enrolment Test (PET).
• Pay a compulsory entry test fee of K50 into the FODE account.
• Sit for the English and Mathematics entry test.
• You answer sheets will be corrected at the provincial marking centre.
• Check the entry test result at your FODE centre.
• If you pass the test, you may enrol at FODE. If you fail, you will re-sit the entry test at a later time.

Some centres are charging a K75 entry test fee. To avoid any inconveniences, it is recommended that all *new* students contact their FODE centres.

PNG FODE Approved Course Programs

 For Grades 7 and 8, you are required to do all six (6) subjects.

 For Grades 9 and 10, you must complete five (5) subjects and one (1) optional to be certified. Business Studies and Design & Technology Computing are optional.

For Grade 11 and 12: the subjects are in line with the Upper Secondary Approved Matriculation and align with the courses offered in conventional secondary schools throughout the country. 

Note: From the above three subject streams, the selection of Option One is based on the PET test result placement criteria.

Important: For newly enrolled students and continuing students who are FODE, please download the detailed subject and study outline for Grades 7 & 8, 9 & 10 and 11 & 12. 

 FODE Education Strategic Direction

• Vision

“Papua New Guineans have grade 12 equivalency education and certification through flexible open distance education”

• Mission

“Pursuing quality national education through flexible open distance education (FODE) by harnessing all appropriate and affordable technologies”

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