CFA Level II Pass Rate Declines From Decade High

The video discusses the decline in CFA pass rates, noting a drop from 47% to 43% for Level 2. It highlights the exam's difficulty and the addition of AI and big data questions. The CFA is compared to the bar exam, emphasizing its multiple levels and longer study duration. The discussion concludes with a debate on whether law school is harder than the CFA.

What was the pass rate for the CFA Level 2 exam last year compared to this year?

• 50% last year and 45% this year

• 47% last year and 43% this year

• 45% last year and 42% this year

• 40% last year and 35% this year

What new topics were added to the CFA exam that might have affected the pass rate?

• Quantum Computing

• Environmental Science

• AI and Big Data

• Cryptocurrency and Blockchain

How does the CFA exam differ from the bar exam in terms of structure?

• The CFA exam is less prestigious than the bar exam.

• The CFA exam is shorter than the bar exam.

• The CFA exam has multiple levels, while the bar exam is a single test.

• The CFA exam is only offered once a year, unlike the bar exam.

What is the average time it takes to pass all levels of the CFA exam?

• Four years

• Two years

• Three years

• Five years

What is the general sentiment of the speakers regarding the difficulty of the CFA exam?

• They consider it to be on par with high school exams.

• They believe it is easier than the bar exam.

• They feel it is not challenging at all.

• They think it is one of the hardest exams.