CIPFA’s latest exam results saw Strategic level pass rates fall heavily – SCS was 47.62% in March, and SPFM was 45.24%.
The Developing Strategy & Data Analysis pass rates have been on a downward trajectory over the past four sittings, too. In June 2025 this paper had a healthy 77.51% pass rate, but now the pass rate stands at 52.73%.
In stark contrast, the Governance and Risk Management pass rate in March was 95.31%, after rising for the last three sittings. The Examiner Reports said that students are getting better at the MCQs.
CIPFA’s AA sitters saw a nice jump in the pass rate from last time around – up from 35.97% to 40.91% in March. However, this pass rate is a fall on the March 2025 sitting of 56.68%.
CIPFA MARCH 2026 EXAM RESULTS:
AA 40.91%; BPFM 57.38%; BR 76.92%; DSDA 52.73%; FA 55.56%; GRM 95.31%; IBC 62.75%; MA 60%; TL (UK) 86.79%; TL (INT) 100%; PSFR (INT) 50%; PSFR (UK) 70%; SCS 47,62%; SPFM 45.24%
