CFA Institute has announced the results of the CFA Program’s Level III examination taken in August 2026. The institute says 47% of the 13,940 candidates who sat for the exam worldwide passed. Candidates are notified of their results and can check them through the CFA Institute’s official online portal.
Across coverage, the pass rate for first-time test takers is highlighted at 56%, compared with 31% for candidates who had deferred at least once. Several outlets also note that the August overall pass rate is below the CFA Institute’s 10-year average of 50%. To become charterholders, successful candidates must complete work-experience requirements and comply with the CFA Institute’s ethics and professional conduct standards.
Outlets largely align on the headline figures and the basic next steps for candidates. Differences are mainly in presentation: one outlet provides more detail about the three Level III specialised pathways (Portfolio Management, Private Wealth, and Private Markets) and the practical steps to access results, while others focus more narrowly on the pass-rate statistics and charterholder requirements. One article adds a location framing (“NEW YORK”) and quotes an education official more directly.
