SOAFellowshipRetiredFSA track
SOA QFI QF Pass Rates
QFI QF: Quantitative Finance
38.8%
April/May 2025 raw pass rate
+8.7 ptsvs 30.1% in October/November 2024
- All-time high
- 38.8%April/May 2025
- All-time low
- 25.9%October/November 2022
- Average
- 32.5%across 13 sittings
- Std. deviation
- 3.4 ptssitting to sitting
- Candidates tracked
- 2,3552019 to 2025
- Sittings
- 13all counted
Raw pass rate
Every QFI QF sitting
| Sitting | Candidates | Passed | Raw rate | Effective rate |
|---|---|---|---|---|
| April/May 2025 | 160 | 62 | 38.8% | 41.6% |
| October/November 2024 | 193 | 58 | 30.1% | 33.7% |
| April/May 2024 | 214 | 65 | 30.4% | 35.5% |
| October/November 2023 | 218 | 64 | 29.4% | 35.0% |
| April/May 2023 | 208 | 74 | 35.6% | 40.0% |
| October/November 2022 | 139 | 36 | 25.9% | 31.0% |
| April/May 2022 | 152 | 49 | 32.2% | 37.4% |
| October/November 2021 | 175 | 60 | 34.3% | 39.7% |
| April/May 2021 | 189 | 65 | 34.4% | 39.2% |
| October/November 2020 | 126 | 38 | 30.2% | 33.3% |
| July 2020 | 169 | 54 | 32.0% | 33.5% |
| October/November 2019 | 222 | 78 | 35.1% | 39.2% |
| May 2019 | 190 | 66 | 34.7% | 41.0% |
About QFI QF
The quantitative finance exam of the QFI track, offered from 2019 until the 2025 course-based pathway replaced the track with the INV course sequence. It was consistently among the hardest SOA exams to pass.
Data: Society of Actuaries official exam statistics, 2019 to 2025. Last updated July 5, 2026.