Of the exam-takers, “59% reported receiving some level of financial support from their employers during the CFP certification process,” the CFP Board said.
Registration for the CFP exam showed that 68% of March candidates are younger than and 37% are younger than 30.
The 10 states with the most exam-takers were California, Texas, Illinois, Florida, New York, Pennsylvania, North Carolina, Michigan, Colorado and Massachusetts, with 1,895 candidates from these states sitting for the exam, according to CFP Board.
July 2024 Exam
The CFPexam is offered three times annually, in March, July and November.
Registration for the July 2024 exam is now open, and it will be administered from July 9-16. The registration deadline is June 25, and the education verification deadline is June 18.
Testing appointments are scheduled on a first-come, first-served basis.
FAQs
The Certified Financial Planner Board of Standards said Monday that the pass rate for the March 2024 CFP certification exam was 68%. The exam, administered during a March 12-19 testing window to 3,683 candidates, broke last March's record of 3,527 exam-takers, according to the CFP Board.
What is the success rate for the CFP exam? ›
The pass rate for the March 2024 exam was 68%. "This unprecedented turnout for the March 2024 CFP® exam reflects the recognition of CFP® certification as the standard for competent, ethical financial planning," said CFP Board CEO Kevin R.
What is the pass rate for the CFP exam in 2024? ›
The pass rate for the March 2024 exam was 68%. “This unprecedented turnout for the March 2024 CFP® exam reflects the recognition of CFP® certification as the standard for competent, ethical financial planning,” said CFP Board CEO Kevin R. Keller, CAE.
Is 70% passing for CFP? ›
Depending on which study you read, the overall pass rate for the CFP® exam hovers around 60%. Alas, don't despair because it doesn't mean you can't pass.
What is the pass rate for CFPS exam? ›
The average pass rate for the CFP exam is around 65%. This means that about 65% of candidates who take the exam pass it on their first attempt. The exam is divided into two parts, a multiple-choice section, and a case-study section.
How many pass the CFP on first try? ›
But even harder may be retaking it, given that the pass rate for retakers is consistently lower than for first-timers. During the last exam round in March, 2,300 out of 3,527 candidates — 65% — passed, meaning over a third failed. For the first-time test-takers in that group, a majority at 78%, the pass rate was 69%.
What is the hardest part of the CFP exam? ›
The Bottom Line. Because the case studies are the most difficult part of the exam, being able to master them will help to ensure success on the rest of the test as well. Don't be intimidated by the difficulty of the material as you will most likely face similar situations in your career.
What age do most people get their CFP? ›
The board says that 56% of planners who earned their CFP last year are under the age of 35, a welcome sign for those worried about the aging of the profession.
Is CFP difficult to pass? ›
It's easy to get discouraged when looking at the CFP® exam pass rates, which typically hover around the 60%-65% percentile for first-time takers.
How to pass CFP fast? ›
CFP exam study tips:
- Choose a good time to take the CFP exam.
- Create a study schedule that plans for life events.
- Study like you're preparing for a marathon with adequate breaks.
- Verbalize concepts as you study.
- Get help.
- Take as many practice questions as you can.
- Build your own practice exam as you study.
What is CFP Board's policy for retaking the CFP® exam? You may attempt the CFP® exam a lifetime maximum of 5 times.
Is CFP graded on a curve? ›
The CFP® certification exam is a pass-or-fail exam. Each test question counts for 1 point each. Passing is based on the candidate's total score across all sections of the exam.
Do I need a Series 7 if I have a CFP? ›
The CFP and the Series 7 are two qualifications that may be of interest to financial professionals. In fact, a CFP could also look to complete the Series 7 exam. However, they serve different purposes. The CFP is for experienced financial planners looking to set themselves apart from the competition.
Which exam is harder CPA or CFP? ›
Comparatively, CFP is easier than CPA. The historical pass rate has been above 60%, which indicates that the tests are of a difficulty level that is considered to be moderate. Within the testing period from October 31 to November 7, a grand total of 3,386 individuals sat for the CFP® Certification Exam.
Are Cfps in high demand? ›
Financial planners are in high demand.
How hard is CFP vs CFA? ›
The Short Answer. The easy answer is that the CFA exam is much more difficult than the CFP. Not only is the CFA a more intensive exam, the time and study preparations are much more extensive and cover a much wider depth and breadth of material. The CFA exam contains 3 levels that are each taken on separate days.
How hard is it to pass the CFP exam? ›
Everyone's schedule varies, but as a rule of thumb, you should devote about 15+/- hours per week studying and preparing for the exam. It's easy to get discouraged when looking at the CFP® exam pass rates, which typically hover around the 60%-65% percentile for first-time takers.
How long should you study for the CFP exam? ›
CFP Board recommends you spend at least 250 hours studying for the exam. While that sounds overwhelming, the time goes pretty quickly between pre-study, the Candidate Handbook, required education courses, question bank time, review, practice exams, and your own preparations.
How prestigious is CFP? ›
As the highest standard of excellence, earning your CFP® mark will open up tremendous opportunities.
