SOAFellowshipRetiredFSA track
SOA CFE SDM Pass Rates
CFE SDM: Strategic Decision Making
62.5%
April/May 2025 raw pass rate
+3.2 ptsvs 59.3% in October/November 2024
- All-time high
- 65.7%April/May 2021
- All-time low
- 33.3%April/May 2014
- Average
- 48.5%across 24 sittings
- Std. deviation
- 8.6 ptssitting to sitting
- Candidates tracked
- 1,6382013 to 2025
- Sittings
- 24all counted
Raw pass rate
Every CFE SDM sitting
| Sitting | Candidates | Passed | Raw rate | Effective rate |
|---|---|---|---|---|
| April/May 2025 | 64 | 40 | 62.5% | 63.5% |
| October/November 2024 | 81 | 48 | 59.3% | 59.3% |
| April/May 2024 | 83 | 38 | 45.8% | 45.8% |
| October/November 2023 | 62 | 35 | 56.5% | 58.3% |
| April/May 2023 | 69 | 30 | 43.5% | 44.8% |
| October/November 2022 | 49 | 20 | 40.8% | 41.7% |
| April/May 2022 | 53 | 26 | 49.1% | 50.0% |
| October/November 2021 | 59 | 32 | 54.2% | 55.2% |
| April/May 2021 | 70 | 46 | 65.7% | 65.7% |
| October/November 2020 | 71 | 32 | 45.1% | 45.7% |
| July 2020 | 71 | 39 | 54.9% | 54.9% |
| October/November 2019 | 87 | 40 | 46.0% | 46.5% |
| May 2019 | 79 | 38 | 48.1% | 48.1% |
| October/November 2018 | 83 | 35 | 42.2% | 42.7% |
| April 2018 | 83 | 44 | 53.0% | 53.0% |
| October/November 2017 | 101 | 40 | 39.6% | 40.0% |
| May 2017 | 115 | 46 | 40.0% | 40.0% |
| October/November 2016 | 92 | 34 | 37.0% | 37.0% |
| May 2016 | 73 | 33 | 45.2% | 47.1% |
| October/November 2015 | 70 | 32 | 45.7% | 45.7% |
| April/May 2015 | 47 | 22 | 46.8% | 46.8% |
| October/November 2014 | 33 | 21 | 63.6% | 63.6% |
| April/May 2014 | 21 | 7 | 33.3% | 33.3% |
| November 2013 | 22 | 10 | 45.5% | 50.0% |
About CFE SDM
The strategic decision making exam of the Corporate Finance and ERM track, offered from 2013 until the 2025 course-based pathway redesign.
Data: Society of Actuaries official exam statistics, 2013 to 2025. Last updated July 5, 2026.