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AI Crushes CFA Mock Exams, But Humans Still Essential

9/25/2025

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Summary

Story summary

AI systems pass CFA Level III mock exams in minutes; humans study about 1,000 hours.
A study by New York University Stern School of Business (NYU Stern) and GoodFin evaluated 23 models.
o4-mini, Gemini 2.5 Pro, and Claude Opus used chain-of-thought prompting to succeed.
Anna Joo Fee, CEO of GoodFin, says AI will transform finance but won’t replace human CFAs.

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Story summary

AI systems pass CFA Level III mock exams in minutes; humans study about 1,000 hours.
A study by New York University Stern School of Business (NYU Stern) and GoodFin evaluated 23 models.
o4-mini, Gemini 2.5 Pro, and Claude Opus used chain-of-thought prompting to succeed.
Anna Joo Fee, CEO of GoodFin, says AI will transform finance but won’t replace human CFAs.