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The CFA exams are nothing if not popular. Every year, nearly 200,000 people from hundreds of different countries register to take one. Every year, over 100,000 people will fail. Around 20% of everyone who registers for a CFA exam won't turn up.

At least 40% of those who.In June 2015, just 42% of people passed CFA Level I and 46% passed Level II. Level III is the only CFA exam which a majority of candidates typically pass - and even then, the margin is small - just 53% passed CFA III in June last year.

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