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    CFA Level 2 Result Nov 2025 (Declared) - Download Scorecard, Passing Marks

    CFA Level 2 Result Nov 2025 (Declared) - Download Scorecard, Passing Marks

    Updated on 15 Jan 2026, 07:33 PM IST

    The Chartered Financial Analyst Institute (CFA Institute) has declared the CFA level 2 Nov 2025 results on January 15, 2026. Candidates can access the result through their CFA login from the official website - cfainstitute.org. The Institute also released the CFA level 2 pass percentage along with the results. The CFA Level 2 Nov 2025 pass percentage is 42%, the lowest in this calendar year. Earlier, the CFA Institute conducted the CFA Level 2 Nov 2025 session exam from November 19 - 23, 2025.

    This Story also Contains

    1. CFA Level 2 Results Dates
    2. Steps to Download CFA Level 2 Result
    3. CFA Level 2 Pass Percentage
    CFA Level 2 Result Nov 2025 (Declared) - Download Scorecard, Passing Marks
    CFA Level 2 Result 2025

    The result of CFA level 2 informs candidates about their pass or fail status, as well as topic-wise scores and percentile rank. Candidates who clear the CFA exams for Level 2 would be eligible to enrol for CFA Level 3. The CFA level 2 results are usually declared around 5-8 weeks after the exam. The CFA Level 2 is the second level of the CFA course and takes place three times a year in the months of May, August, and November.

    CFA Level 2 Results Dates

    As outlined above, the CFA Level 2 result date usually falls around 5-8 weeks after the exam. Given below are the result dates of CFA level 2.

    Particulars

    November 2025May 2026August 2026November 2026

    CFA level 2 exam dates

    November 19-23, 2025

    May 19-23, 2026

    August 25-29, 2026

    November 18-22, 2026

    Result

    January 15, 2026

    First week of July 2026

    Second week of October 2025

    Second week of January 2027

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    Steps to Download CFA Level 2 Result

    Candidates can follow the steps given below to access CFA level 2 result:

    • Visit the official website, cfainstitute.org.

    • Next click on the results section under exam overview tab

    • Click on the view result link

    • Login with CFA account credentials

    • The CFA level 2 result will be displayed on the screen

    • Download and save the result for future reference

    CFA Level 2 Minimum Passing Score

    The Minimum Passing Score (MPS) is the minimum passing mark required by candidates to clear the CFA level 2 exam. The MPS varies for every session. The authorities determine the MPS for every session separately. This is done in order to account for the differences in the difficulty level of the exams.

    CFA Level 2 Result: Important Points

    Below are a few important points related to CFA Level 2 results.

    • The CFA level 2 result is announced online approximately 5-8 weeks after the exam.

    • The minimum passing score is determined by the authorities for each session to factor in the changes in the difficulty level and other influencing factors in the exam.

    • Candidates can access the result using their CFA login and also through email sent by the institute.

    • The institute also provides the candidate with an analysis of their exam performance.

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    CFA Level 2 Result Elements

    The CFA level 2 result not only contains information on the candidate’s qualified status, but it also contains other information that helps candidates take stock of their exam performance. Given below are the important elements in the CFA Level 2 result

    • Minimum Passing Score (MPS): The MPS is the most important element in the CFA level 2 result. A score above the MPS indicates the candidate has passed. A score below the MPS indicates the candidate has failed to qualify.

    • True Ability: The CFA level 2 result is an indicator of the true ability of the candidate as the institute tries to control factors which could unduly influence the result.

    • Confidence Interval: The CFA level 2 result is declared with a confidence interval of 90% indicating that there is only 10% chance for an error. Scores which are considerably higher than the MPS indicate a higher confidence interval as the candidate would have passed in the exam anyway. Similarly scores considerably below the MPS indicate that the candidate would have failed anyway.

    • Percentile Score: Candidates are also informed about the top 10 percentile and the bottom 10 percentile scores to give an idea of their relative scores compared to other candidates.

    • Topic Wise Score: The institute also provides topic wise scores to candidates to give an idea of topic wise proficiency. However, it is important to note that the CFA level 2 result is declared on the basis of aggregate score.

    CFA Level 2 Pass Percentage

    The CFA Institute also declares the CFA level 2 pass percentage along with the CFA level 2 result. It indicates the ratio of candidates who appeared in the exam versus who passed. Historically, the CFA level pass rate has been around 46%. The table given below gives the CFA level 2 pass percentage for all the sessions conducted till now.

    CFA Level 2 Pass Percentage

    SessionTotal number of students appeared

    Candidates passed

    Candidates failedPassing rate
    Nov 2025TBATBATBA42%
    Aug 202598084359553944%
    May 2025150008,0626,93854%
    Nov 202413,5895,3248,26539%
    Aug 20248,8724,1644,70847%
    May 202414,3048,3865,91859%
    Nov 202314,5856,3778,20844%

    May 2023

    15,895

    8,291

    7,604

    52%

    November 2022

    12,313

    5,382

    6,931

    44%

    February 2022


    11,699

    5,132

    6,567

    44%

    November 2021

    18,047

    8,290

    9,757

    46%

    August 2021

    10,565

    3,064

    7,501

    29%

    May 2021

    33,066

    13,300

    19,766

    40%

    Frequently Asked Questions (FAQs)

    Q: At what time will CFA declare the Level 2 results of May 2026 session?
    A:

    The CFA Institute will declare the CFA level 2 May 2026 results at 9 am ET or 6:30 pm IST.

    Q: Where can I check CFA Level 2 2026 result?
    A:

    CFA level 2 result can be seen on the official website and registered email ID.

    Q: How many people fail CFA Level 2?
    A:

    The average CFA level 2 pass percentage is around 46%. This means 54% of the candidates fail in CFA level 2.

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