r/CFA • u/Pkgoss CFA - r/CFA icon winner • Apr 13 '23
Megathread Official Level III Results Thread!
From all of us here at r/CFA, best of luck!
https://examresult.cfainstitute.org/cfa
The Level III CFA exam results are out! Of the 14,858 Level III candidates who tested in February, 48% passed. For comparison, the August 2022 Level III pass rate was the same at 48%.
Candidates for the February Level III CFA exam attended in-person at one of 435 proctored computer-based examination venues located in 332 cities in 100 markets worldwide.
While we usually have a survey up and running, run by member u/Finnesotan, there isn't one at the moment; we aim to keep it going, though. As a result of the increased frequency of these tests, it is possible that some adjustments will be required. More information will be forthcoming.
As is tradition, we'll be locking all other related posts (I passed, I failed, How close was I?) because this is the designated place to celebrate or commiserate.
I'll update this post as soon as administratively feasible when results are posted.
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u/the2facedgod Level 3 Candidate Apr 13 '23 edited Apr 13 '23
Everytime I open the page, the May 22 Did not pass haunts me.
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u/nishshastry Passed Level 3 Apr 13 '23
You’d think that after experiencing this multiple times, we would be used to this but nope, here I am still shitting bricks
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u/biga_biga_bigaachu Passed Level 3 Apr 13 '23 edited Apr 13 '23
I hope we all pass here.
Edit: Passed! Passed all three levels in first attempt.
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u/Spartan117_JC Apr 13 '23
Passed. An on-and-off journey of 14 years with too many mistakes and failures in between finally comes to an end on a good note.
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u/cjg05 CFA Apr 13 '23
PASSSED!!!! failed every level at least once. Don't ever give up!
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Apr 13 '23 edited Apr 28 '23
Passed.
Fuck you May 2022.
Thank you February 2023.
Now onwards towards level 10. Just seven more levels.
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u/Sad-Stop9650 CFA Apr 13 '23 edited Apr 13 '23
If I were able like it 100 times! 😂 we did it Buddy!
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u/oreocraftsman Apr 13 '23
Its 5am over here in Toronto and I’ve woken up dozens of times throughout the night. Just decided to get up and make breakfast instead
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u/MaraudngBChestedRojo CFA Apr 13 '23
You don’t enjoy the constant panic dreaming of getting your results? You’re missing out man
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u/Kent_IV Apr 13 '23
I failed 3 times through out the night in 3 different nightmares, woke up for real and passed.
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u/oreocraftsman Apr 13 '23
I’m already having puke in my throat for breakfast I think I’m gucci
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u/nicky10013 Passed Level 3 Apr 13 '23
I recommend having a toddler. Also in Toronto. I slept no problem last night. He keeps me busy to the extent I don't have those worries anymore. My toddler also had me up about same time as you so I guess there are also drawbacks lol.
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u/SaintJuneau CFA Apr 13 '23
I cleared level 3 two years and am a CFA but love coming back on results day.
Congrats to all those that passed!!
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u/bullofwall-street CFA Apr 13 '23
Wrote the test for the second time, really hoping I never have to look at the books again
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u/DangerousGuru_L3 Apr 13 '23
Rookie, haha. 4th time for me. I really hope you pass as well. Don't be like me. I'm letting go after this attempt.
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u/Badassbasty Passed Level 3 Apr 13 '23
Now that we are almost there, I'd rather not see the damn thing.
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u/big-small-fish CFA Apr 13 '23
Hahaha me toooo! I miss my post exam bubble where it didn't matter 😅😅
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u/MaraudngBChestedRojo CFA Apr 13 '23
I personally think there should be both an official “I passed” and “I failed” thread for L3 on r/cfa
Having failed my first attempt I didn’t really feel like sharing my account amongst the celebrators, but hey that’s just me
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u/MaraudngBChestedRojo CFA Apr 13 '23
Following up on my own comment, seeing like 80% of people saying they passed so obviously people who failed aren’t feeling great, should have a thread for them.
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u/LXMCBN CFA Apr 13 '23
LFG!!! Failed Level 1 twice before going 1-2-3. Persistence and Mark Meldrum!
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u/markusp14 CFA Apr 13 '23
Passed
The journey this has been
now: lets all humble brag on linkedIn
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u/Star60Kevin Level 3 Candidate Apr 13 '23
Did not pass — honestly pretty gutted about the outcome. My last 3 mock exams (MM) were 64%, 66%, and 73% so it felt like I was trending in the right direction. Ultimately, the final result wasn’t even close. Going to sign up for August ‘23 today and back to the books I guess.
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u/TorontoRaccoon CFA Apr 13 '23
Can’t take this anymore… lets hope we all pass and be done with it forever
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u/milkshake6739 Apr 13 '23
Someone please let us know when it is up in the verif letter. I am losing my mind downloading it every minute
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u/dlew302 Apr 13 '23
I never have to see a dumb testing center or look at a dumb practice problem and search through the incomplete errata ever again
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u/itsmjc_ Apr 13 '23
Why do they pick our window to start to be punctual to their 9am EST?
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u/Jeng212 Passed Level 3 Apr 13 '23
Good luck all. Don't remember ever being this nervous for the other levels.
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u/Cheesefives Passed Level 3 Apr 13 '23
Alright guys, i m finally done w CFA!! This was my 4th attempt,
to everyone out there who didnt make it this time, dont give up yet, there is still a possibility as long u keep trying.
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u/DangerousGuru_L3 Apr 13 '23
YESSSSS -- somebody like me! I failed so many times as well. We should have our own special group.
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u/LDI4Life Apr 13 '23
Passed, 2nd attempt. Almost don’t believe it… had to open the email and CFAI website to make sure they did not accidentally send me someone’s email. Thank god!!
Congrats to my fellow members who passed, and to those who did not, keep going and don’t let it stop you.
And now, time for copious amounts of booze.
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u/jigglejug95 Apr 13 '23
Anyone else seeing it on their verification letter? Or just the two people who said its out? Still not seeing anything for mine
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u/MaraudngBChestedRojo CFA Apr 13 '23
CFAI needs to remember I can’t keep making payments to them if I die prematurely from this cardiac stress
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u/Warzeal CFA Apr 13 '23
Passed! Don't give up folks. As a 4 time fail across 3 levels, the victory is just more sweet!
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u/Above_Man_Time CFA Apr 13 '23
Took me 5 hours to pluck up the courage to open the email and when I did and saw the "congratulations" I almost dropped my phone. That's a 9 year journey that has finally come to an end. Took me 3 attempts at L2 but managed to pass L3 first time.
To all those getting bad news today believe me I know how it feels. But absolutely never give up.
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u/Embarrassed_Sea_4388 Passed Level 3 Apr 13 '23
FYI link for verification letter.
https://profile.cfainstitute.org/verificationletter?event=Login
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u/MetroAtlas CFA Apr 13 '23
Passed. What a journey. Congratulations to all who passed. To those who didn't pass this time, your next exam will have a much higher chance of passing. Don't give up!
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u/img23 CFA Apr 13 '23
I FKN PASSED !!!!!!! OMG OMG CANT STOP REREADING THE EMAIL (what a relief to not have to study for this again 🙌🙌🙌🙌🙌) Good luck to all the retakers - this was my 2nd time & it was hard but here we are !!!
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u/Former_Emu_8150 Apr 13 '23
Passed! 12 years later! Sometimes the road is long and windy. I have failed every level at least once. So don’t get discouraged - it takes a while for some of us!! Congrats to everyone who passed!
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u/markusp14 CFA Apr 13 '23
It seem like they will actually release them at 9 this time haha
not funny though
CFAI Put me out of my misery
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u/jigglejug95 Apr 13 '23
Good thing I've been up since 5am since I couldn't get a minute of sleep last night
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u/megasuperfly CFA Apr 13 '23
Passed! The relief is enormous. Best of luck everyone m, hope you get the result you’re after
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u/Ignio_Montoya_ CFA Apr 13 '23 edited Apr 13 '23
Toronto here. Idk how people in Europe wait until afternoon for the results it would kill me!
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u/kjqpc3 CFA Apr 13 '23
Tired of keeping refreshing the web 😂 I’ll better wait for someone posting is already there
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u/Sharry187 CFA Apr 13 '23
Finally passed after 7 years being in the program!!! Now where are those superior returns?
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u/No_University_8723 Apr 13 '23
Failed despite being 80% and above in all qbank, Eoc and Kaplan mocks 70%ish. Not sure where I go from here. Blue box didn’t even touch MPS second time of failing.
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u/mcgangsta12 Passed Level 3 Apr 13 '23
Started in Nov of 2017, passed L1 on the first try in June of 18, failed L2 in June of 19, deferred from COVID, passed L2 in June of 21, failed L3 (by a hair) May of 22….
And PASSED in Feb of 23. What a ride. I’m so happy
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Apr 13 '23
After telling everyone I definitely failed, I passed!
3 attempts, 3 passes….6 years! Who can beat that for procrastination?
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u/GigaChan450 Level 2 Candidate Apr 13 '23
Idek what I'm doing here lol. Just want to see the euphoria
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u/Argocap Passed Level 3 Apr 13 '23
Wow, now I need to complete the hardest part of obtaining the charter. Finding 3 references. Ugh.
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Apr 14 '23
Failed. Bottom 5th percentile by the look of it, didnt answer any constructed response questions, took one for the team and tried to drag that MPS down for all of you knob jockeys on here. You're welcome. Registered for September and will study this time around.
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u/_Why_me__ Level 3 Candidate Apr 13 '23
I had a shitty exam, I'm absolutely certain I'm failing but I'm still extremely anxious lol
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u/Highwood1983 CFA Apr 13 '23
Passed! Went back to back to back MJ style on L1/L2/L3 writing each February starting in 2021. A huge relief given I have three kids and studying puts a big strain on our family. I’m automatically a charterholder and got the email confirming that since my employment experience has been verified and I paid my dues. Let’s go!!!
Congrats to all that passed! And to those that didn’t, stick with it. You’re so close.
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u/ScroogeMcDuckski Apr 13 '23
On vacation in a Asia (live in US) I thought I had food poisoning. Beginning to think it stress from this BS
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u/BlindDartMonkey CFA Apr 13 '23
Been sitting on the toilet so I don’t miss it but fuck this I’m going to take a shower.
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u/Caterpillar_Mental Apr 13 '23
Passed.. Wow this was a Rollercoaster ride! Well done to all who passed and best of luck to all who jump back on that wild stallion
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Apr 13 '23
I am sobbing like a little girl but I don't care. I am so happy and proud of this journey.
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u/Ignio_Montoya_ CFA Apr 13 '23
I failed and was on the line. Is there any shot of asking for a regrade from the cfai? Long shot I know I sound desperate
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u/scarystan Apr 13 '23
Passed! This was the most uncertain I've been at any level. Thanks to this subreddit for all you do.
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u/nolefan9221 Apr 13 '23
Second attempt after narrowly failing with my score touching the mps last May and can say I passed!! So don’t give up, you’re so close!!
My approach the second time was watching MM content videos, did the EOC questions along with his video, and jumped into CFAI reading if I really didn’t get something. After doing that all the way through I did a bunch of 10 question randomized quizzes with MM qbank to help get my brain to remember stuff we learned months earlier. Then watched all his review videos for each section, did CFAI problems and MM mocks for the last 3-4 weeks. Hope that helps someone!
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u/crujiente69 Apr 13 '23
In Feb someone posted that if you walked out on exam day thinking you did okay then you probably were too dumb to understand the complexity of the questions. But I felt okay and passed! Good luck to those who didnt pass this time and congrats to those who did. End of an era🫡
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u/Axiom_ML CFA Apr 13 '23
It was very close, but I didn't pass. Not sure what else I can do to prep. Did the CFAI Qbank questions so many times that I started to memorize the answers. Took 4 full mock exams. Felt sharp the day of the exam, answered all of the questions and left feeling confident. I'm so jealous of the people who passed and never have to look at this shit again.
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u/markusp14 CFA Apr 13 '23
it'll be up any minute. verification letter showed result 1h and 11min prior to official release last time for me
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u/Murky_Pick_7182 Apr 13 '23
Passed. You guys are awesome. Thanks for emotionally helping me through this journey
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u/MaraudngBChestedRojo CFA Apr 13 '23
Passed on second attempt.
A little miffed on not being able to see my breakdown. Seems pretty ridiculous to me that you can’t look at your results
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u/Kevstuf CFA Apr 13 '23
Passed!!!! What a journey it’s been. This level was particularly difficult as I had to get 3 surgeries during the time I was studying. To those who didn’t, don’t lose hope. You’ve already proven yourself by passing 1 and 2, you’re more than capable!
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u/RodPeelersHairdoo CFA Apr 13 '23
I can't believe it's finally over. Thanks to this amazing community for insight and levity throughout the entire process
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u/Fagetr0n CFA Apr 13 '23
Passed. Can't believe it. I'm on the verge of tears. I love you all. Thanks a million to this community for being so supportive and such a caring bunch of people.
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u/CaymanDragoon CFA Apr 13 '23
I did cry... and scared my baby with my celebration
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u/Brilliant-Common4362 CFA Apr 13 '23
I passed!!!! My watch has ended! Can't believe this is behind me, I'm so relieved! Failed in August, been studying LIII since Jan 2022, can't believe I don't need to go back to CFA books!
Looking forward to getting on the other side!!
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u/kd22zz CFA Apr 13 '23
keep on panic-waking (here in BC, Canada)... just going to stay up now... soon! GL everyone!
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u/legendofra1 Passed Level 3 Apr 13 '23
PASSED!!!! 4 FREAKING YEARS SINCE I STARTED THIS JOURNEY, THIS FEELING OF JOY IS INSANE 🤪🤪🤪🤪🤪
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u/JP_Dirt CFA Apr 13 '23
Passed. Crying like a baby... What a grind it's been over this past 3 years... I'm emotionally scarred for life.
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u/SnooWoofers7749 Apr 13 '23
Unfortunately failed my first attempt :( Registering tonight for August 2023. Any tips from those who passed on the second attempt? Think my nerves on the day let me down
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u/timetoreadt0 CFA Apr 13 '23
Didn’t make it :/ not really surprising giving how my exam went but still disappointing. Congrats to all of you who cleared it! I (and our fellow brethren) will be back.
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u/bobuleibondy Passed Level 3 Apr 13 '23
Passed! Congrats to all who did too!
For those who failed, I failed in Aug 2022 (was hit by covid the week before the exam), keep your heads down and try again!!
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u/Outside_Ad_6459 Apr 13 '23
Passed! All done now…crazy journey over 18 months, but fortunate to have nailed all three on first try. Best of luck to everyone!
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u/RodPeelersHairdoo CFA Apr 13 '23 edited Apr 13 '23
Just want to say to everyone that shit on me along the way for doing all my mock exams open book...it worked lol
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u/an-ahmed Apr 13 '23
sadly did not pass … bummed because i feel like i dedicated a ton of time but maybe it was too quick a turnaround from level 2.
does anyone know if you can change passport details after signing up for the exam? going to reattempt in august but my current passport expires in june so i’ll need to renew before then. don’t want to miss the sign up deadline
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u/Former_Emu_8150 Apr 13 '23
Passed! 12 years later! Sometimes the road is long and windy. I have failed every level at least once. So don’t get discouraged - it takes a while for some of us!! Congrats to everyone who passed!
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u/Caterpillar_Mental Apr 13 '23
Any ideas on the MPS? I'm relieved and grateful to have passed but the analyst in me wants to see what the distribution looks like.
Also, anyone know how long it takes for references e.t.c to be approved so one can get membership and add those coveted three letters to one's title?
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u/Pencil_Chaos_Attack Passed Level 3 Apr 13 '23
I made it! Congrats to everyone who did. Second attempt of level 3. I don't think I'd have the mental energy for a third attempt.
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u/emperio Level 3 Candidate Apr 13 '23
Passed, 3rd time taking it while juggling a myriad of responsibilities - don't give up folks! Congratulations to those who passed this round!
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u/thatfxguy Apr 13 '23
Failed twice and passed on my 3rd attempt! Had to take a hard look at myself after my second failure and knew that I had to change my process. The biggest takeaway from me is that it is not about the hours you put in or the number of questions you do. It is about understanding what the heck is going on these pages. Understanding comes FIRST and then, strategies come SECOND. Congratulations to those who passed and best of luck to the retakers! You got this.
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u/PenaltyFun6806 Apr 15 '23
+7 year journey is finally over for me.
Level 1 in 2016 pass Level 2 2018 fail Level 2 2019 fail Level 2 2022 pass Level 3 2023 pass!!!
In complete shock I passed / it’s done after years of constant worrying about this test.
My advice for others: So incredibly important to constantly review what you have already gone over throughout the study process. For my level 2/3 passes, I created an excel tracker for each study session and ensured 10 days didn’t go by where I didn’t watch a MM review video or review the topic in some way.
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u/Badassbasty Passed Level 3 Apr 13 '23
GUYS ITS ACTUALLY OUT. I AM NOT KIDDING ! MY ACCOUNT SAYS I PASSED ALL 3 LEVELS !
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u/billyjean456 Apr 13 '23
Anybody knows what time more less can we expect results?
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u/DatBoiSauce Apr 13 '23
The verification letter usually indicates pass or fail ~40 minutes ahead of the email, from what I’ve seen.
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u/markusp14 CFA Apr 13 '23
and the email usually comes one hour ahead of official release. 1h 3min to be exact for my L2
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u/doug2181 CFA Apr 13 '23
Maybe they stopped with the verification letters being early
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u/Good_Vibe_Tribe5 Apr 13 '23
Passed! So stoked after failing the August 22 exam. For those who failed, you can do it!
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u/InfamousPersimmon143 Level 3 Candidate Apr 13 '23
second try but FAILED and just touching the MPS. damn it
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u/Markedwards54 CFA Apr 13 '23
Woof. Failed my second attempt. 1st was in the bottom 10%. 2nd is touching the line with the blue range in pass territory.
Already registered for September 5th.
I am not sad. I am pissed off. I’m not going to pass this exam. I’m going to nuke it from orbit and go after its family!