How many people pass far the first time?

For the CPA Exam's Financial Accounting and Reporting (FAR) section, roughly 40-45% of people pass on their first attempt, making it one of the tougher sections, with recent data showing rates like 42% (2025 Q1) and 40% (2024), though overall cumulative pass rates for other sections are often higher as less prepared candidates drop off.

What percent of people pass far on their first try?

About half of the individuals who take the CPA Exam don't pass on their first attempt. According to the AICPA, the national average pass rate is 45-55%. Cumulative pass rates reported by the AICPA for the calendar year 2021 show that FAR had the lowest pass rate at 44.54% and BEC had the highest pass rate at 61.94%.

How many tries to pass far?

Statistically, a little under half of people pass FAR on any given attempt. That means most people take 2 attempts. Some people take only 1 try, some take 4 tries, some take more. It's all okay!

What is the average score on the FAR exam?

Furthermore, the average CPA exam score for FAR among all test takers is below passing: around 68.6. According to page 127 of the NASBA Report Jurisdiction Edition, female test takers have a FAR pass rate of 45.4% and an average score of 67.1.

What is the hardest CPA section to pass?

Statistically, BAR has the lowest pass rate at 40%, followed closely by FAR at 41%, making them the hardest to pass, while TCP has the highest pass rate at 76%. However, when CPA candidates were surveyed, FAR was overwhelmingly chosen as the most difficult by 63% of respondents, with AUD in second place at 24%.

i passed all 4 cpa exams doing this (on my first try)

Is 60% enough to pass Step 1?

Yes, approximately 60% correct is generally considered the threshold to pass USMLE Step 1, as the USMLE program states examinees typically need to answer around 60% of questions correctly for a pass/fail result, though the exact percentage varies slightly by exam form. However, many experts recommend aiming for higher scores (like 70% or more) on practice exams (NBMEs) for a safer margin, as 60% can be cutting it close due to test-day factors, and lower scores can still pass, while some with higher scores might not. 

What is the 7 year rule for USMLE?

The USMLE 7-year rule, primarily for International Medical Graduates (IMGs) seeking ECFMG Certification, mandates completing all required USMLE Steps (1, 2 CK/CS, and eventually 3) within seven years of passing the first exam; failure to do so invalidates earlier scores, requiring retakes, though waivers or extensions may be granted for documented issues like PhD programs, severe illness, or certain military service. Most U.S. medical licensing boards also enforce this timeframe for state licensure, starting from the first successful Step pass. 

How common is failing Step 1?

While most people pass USMLE Step 1, failure rates have increased, especially since the scoring change to pass/fail in 2022, with overall pass rates for first-time test-takers dropping, and international medical graduates (IMGs) and repeat test-takers facing significantly lower odds, though the exact number varies yearly, with thousands failing in recent years (e.g., over 11,000 in 2023). For MD students, first-time pass rates were around 90-93% in 2022-2023, compared to 82-83% for DO students and ~72% for IMGs in 2023, with repeaters seeing even lower success.
 

Do all CPAs make 6 figures?

No, not all CPAs make six figures immediately, but the credential significantly boosts earning potential, with many achieving it within a few years in public accounting, especially in high-cost areas or senior roles, while lower-level positions might start in the high five figures before reaching six figures with experience. Starting salaries vary, but career progression, location (High Cost of Living vs. Low Cost of Living), firm size (Big Four vs. smaller), and experience level are key factors in reaching six-figure incomes, which are common for senior managers and partners. 

Why is far the hardest CPA Exam?

The FAR section of the CPA Exam is hard because it's the most comprehensive of the 4 exam sections, and it has a lot of math questions that are mentally taxing to get through. It has the lowest pass rate of all 4 exam sections and is considered the hardest CPA Exam section.

Can a CPA make 300k?

Yes, a CPA can definitely make $300k, especially in senior leadership roles like Partner, CFO, or VP in Big Four firms or large corporations, or by owning a successful firm, though it typically requires significant experience (often 10+ years) and strategic career moves into high-demand areas like tax, consulting, or corporate finance. While not the norm for entry-level or mid-level roles, hitting $300k is achievable by focusing on specialized skills, experience, and high-impact positions.
 

Which is harder, CPA or bar?

There's no definitive answer, as it's subjective, but many who've taken both find the CPA Exam harder due to its four distinct sections, breadth of technical accounting knowledge, and the need to pass all within 18 months (a marathon), while the Bar Exam is often seen as a more intense, physically demanding sprint over two days testing broad legal concepts. The CPA's difficulty often comes from its multifaceted nature and the challenge of mastering different accounting/tax areas, whereas the Bar's challenge lies in the sheer volume of legal information and mental stamina required over consecutive days. 

How common is a CPA?

Frequently Asked Questions

As of August 2024, there are 671,855 actively licensed CPAs in the United States, according to the National Association of State Boards of Accountancy (NASBA). This number is based on data from 52 of the 55 CPA licensing jurisdictions, excluding Hawaii, New Mexico, and Vermont.

Has the CPA Exam gotten easier?

Is the CPA exam harder than it used to be? Yes, the CPA exam is just as hard today as it was 30 years ago. Although the AICPA makes changes to the CPA exam every year, they make a conscious effort to maintain the professional standards and level of difficulty.

What score is 75% correct on step 2?

Getting 75% correct on Step 2, especially on practice tests like NBMEs or UWorld, usually translates to a strong score in the mid-to-high 240s or even into the mid-250s, placing you well above average and competitive for many specialties, though top-tier competitive fields might require even higher scores (around 255-270+). A 75th percentile score means you scored better than 75% of test-takers, indicating solid performance and often helping balance a weaker Step 1 or improving residency options. 

What happens if you fail USMLE Step 1-4 times?

If you have attempted a Step four or more times, including incomplete attempts, and have not passed, you are ineligible to apply for any Step in the USMLE sequence.

What is the shortest residency to become a doctor?

The shortest MD residencies are typically 3 years and include primary care fields like Family Medicine, Internal Medicine, Pediatrics, Emergency Medicine (sometimes 3-4 yrs), and Preventive Medicine, allowing doctors to start practicing sooner, with some specialties like Genetics & Genomics also listed at 3 years. 

What is a 90% chance of passing Step 1?

A 90% chance of passing USMLE Step 1, often from an NBME practice test, means that for every 100 people with that score, 90 pass, but 10 still fail, so it's a strong indicator but not a guarantee, highlighting the need to focus on weak areas identified in the report, especially for Step 1's new pass/fail format where recent pass rates hover around 90-92%.
 

Has anyone ever gotten a 300 on Step 2?

The highest possible score for the USMLE Step 2 CK is 300, but no one has ever achieved a “perfect” score. A score around 280 would be considered a top Step 2 CK score.

Is Step 1 the hardest test?

Yes, USMLE Step 1 is widely considered the hardest USMLE exam due to its sheer volume of foundational science knowledge, extensive content, and high-stakes nature (historically), testing everything from first two years of med school, though its difficulty is subjective and Step 2/3 also present unique challenges, but Step 1's breadth makes it a significant hurdle.
 

Which is the 3 toughest exam in the world?

The top 3 toughest exams globally consistently include China's Gaokao (college entrance), India's IIT-JEE Advanced (engineering), and India's UPSC Civil Services Exam (government jobs), due to their extreme competition, vast syllabi, and life-altering consequences, though other candidates like the All Souls Prize or Master Sommelier Diploma are also noted for extreme difficulty. These exams demand immense knowledge, analytical skills, and endurance, with failure often meaning significant setbacks, making them notoriously difficult.
 

What's harder, LSAT or CPA?

Some candidates claim that it's easier to study for the LSAT than the CPA Exam and that the LSAT requires fewer study hours to get a good score. The CPA Exam requires a lot of memorization, and most candidates need to take several practice exams before they can pass.

Are CPA exams curved?

Calculating your CPA Exam score

Scores are reported on a scale that ranges from 0 to 99. It's important to know that your total reported score does not represent a percentage correct, nor can you interpret it as such. Scores are not curved.