The CFA Institute announced Tuesday that 42% of those who sat for the level one exam in June had passed, while 46% of level two exam takers were successful.

Over the past 10 years (back to December 2005), the average pass rate for level one was 39%. The average pass rate for level two candidates was 43%.

Note: Starting in 2003, the CFA Institute began offering the level one exam in June and December. Levels two and three are only offered in June. Source: CFA Institute