SOAFellowshipRetiredFSA track
SOA QFI IRM Pass Rates
QFI IRM: Investment Risk Management
43.1%
April/May 2025 raw pass rate
+3.3 ptsvs 39.8% in October/November 2024
- All-time high
- 61.8%October/November 2016
- All-time low
- 34.2%April/May 2023
- Average
- 50.9%across 23 sittings
- Std. deviation
- 7.1 ptssitting to sitting
- Candidates tracked
- 2,3312014 to 2025
- Sittings
- 23all counted
Raw pass rate
Every QFI IRM sitting
| Sitting | Candidates | Passed | Raw rate | Effective rate |
|---|---|---|---|---|
| April/May 2025 | 102 | 44 | 43.1% | 46.3% |
| October/November 2024 | 98 | 39 | 39.8% | 40.6% |
| April/May 2024 | 91 | 53 | 58.2% | 60.9% |
| October/November 2023 | 100 | 40 | 40.0% | 42.1% |
| April/May 2023 | 76 | 26 | 34.2% | 38.8% |
| October/November 2022 | 217 | 99 | 45.6% | 48.3% |
| April/May 2022 | 69 | 37 | 53.6% | 56.1% |
| October/November 2021 | 111 | 61 | 55.0% | 58.7% |
| April/May 2021 | 125 | 67 | 53.6% | 57.3% |
| October/November 2020 | 129 | 64 | 49.6% | 50.8% |
| July 2020 | 113 | 62 | 54.9% | 55.4% |
| October/November 2019 | 145 | 77 | 53.1% | 53.5% |
| May 2019 | 118 | 61 | 51.7% | 52.6% |
| October/November 2018 | 111 | 66 | 59.5% | 60.0% |
| April 2018 | 116 | 60 | 51.7% | 55.0% |
| October/November 2017 | 100 | 50 | 50.0% | 51.0% |
| May 2017 | 85 | 36 | 42.4% | 43.9% |
| October/November 2016 | 102 | 63 | 61.8% | 63.0% |
| May 2016 | 82 | 42 | 51.2% | 51.9% |
| October/November 2015 | 67 | 39 | 58.2% | 60.0% |
| April/May 2015 | 75 | 43 | 57.3% | 58.1% |
| October/November 2014 | 63 | 35 | 55.6% | 57.4% |
| April/May 2014 | 36 | 18 | 50.0% | 50.0% |
About QFI IRM
The investment risk management exam of the QFI track, offered from 2014 until the 2025 course-based pathway redesign.
Data: Society of Actuaries official exam statistics, 2014 to 2025. Last updated July 5, 2026.