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SOA CFE 201 Pass Rates

CFE 201: Corporate Finance and ERM, Course 201

51.1% March 2026 raw pass rate −5.0 ptsvs 56.1% in November 2025
All-time high
56.1%November 2025
All-time low
51.1%March 2026
Average
53.6%across 2 sittings
Std. deviation
3.5 ptssitting to sitting
Candidates tracked
1042025 to 2026
Sittings
2all counted
Raw pass rate
45%50%55%60%65%20252026 March 2026 · 51.1%
Raw pass rate = passed / candidates sitting. Effective rate excludes candidates whose papers the society judged too incomplete to be realistic attempts.

Every CFE 201 sitting

CFE 201 pass rate by sitting: candidates, passed, raw rate, effective rate. Newest first.
Sitting Candidates Passed Raw rate Effective rate
March 2026 47 24 51.1% 51.1%
November 2025 57 32 56.1% 59.3%

About CFE 201

The second sequenced course of the Corporate Finance and ERM practice area in the 2025 course-based FSA pathway, building directly on CFE 101.

Data: Society of Actuaries official exam statistics, 2025 to 2026. Last updated July 5, 2026.

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